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Upturn AI SWOT - About
FTNT 
Fortinet Inc (FTNT)
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Upturn Advisory Summary
04/01/2025: FTNT (4-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 5.05% | Avg. Invested days 50 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 74.34B USD | Price to earnings Ratio 42.77 | 1Y Target Price 114.59 |
Price to earnings Ratio 42.77 | 1Y Target Price 114.59 | ||
Volume (30-day avg) 4695695 | Beta 0.97 | 52 Weeks Range 54.57 - 114.82 | Updated Date 04/1/2025 |
52 Weeks Range 54.57 - 114.82 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.26 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.3% | Operating Margin (TTM) 34.51% |
Management Effectiveness
Return on Assets (TTM) 13.21% | Return on Equity (TTM) 33.87% |
Valuation
Trailing PE 42.77 | Forward PE 39.37 | Enterprise Value 71264522573 | Price to Sales(TTM) 12.48 |
Enterprise Value 71264522573 | Price to Sales(TTM) 12.48 | ||
Enterprise Value to Revenue 11.97 | Enterprise Value to EBITDA 32.37 | Shares Outstanding 768974016 | Shares Floating 650413641 |
Shares Outstanding 768974016 | Shares Floating 650413641 | ||
Percent Insiders 17.49 | Percent Institutions 71.33 |
Analyst Ratings
Rating 3.6 | Target Price 97.77 | Buy 8 | Strong Buy 10 |
Buy 8 | Strong Buy 10 | ||
Hold 24 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Fortinet Inc
Company Overview
History and Background
Fortinet Inc. was founded in 2000 by brothers Ken Xie and Michael Xie. The company pioneered the concept of unified threat management (UTM) and has grown to become a global leader in cybersecurity solutions, expanding into various network security products and services.
Core Business Areas
- Network Security: Provides firewalls, intrusion prevention systems (IPS), VPNs, and other technologies to secure network infrastructure.
- Cloud Security: Offers security solutions for public, private, and hybrid cloud environments, including workload protection, cloud firewalls, and container security.
- Security Operations: Delivers solutions for security information and event management (SIEM), endpoint detection and response (EDR), and security automation.
- OT Security: Provides Security for the Operational Technology used within manufacturing, energy and other industrial facilities.
Leadership and Structure
Ken Xie is the Chairman and CEO. The company has a typical corporate structure with various departments reporting to executive leadership. The leadership consists of Executive Vice Presidents, and Senior Vice Presidents managing diverse parts of the business.
Top Products and Market Share
Key Offerings
- FortiEDR (Endpoint Detection and Response): Competitors include CrowdStrike, SentinelOne and Microsoft. Market Share of Fortinet is estimated at 5%
- FortiGate Next-Generation Firewalls: FortiGate NGFWs provide advanced security features such as intrusion prevention, application control, and web filtering. Fortinet held ~15% firewall market share in 2023. Competitors include Palo Alto Networks, Cisco, and Check Point.
- FortiSandbox: Competitors include Checkpoint, Palo Alto and TrendMicro. Market Share of Fortinet is estimated at 2%
- FortiCloud: FortiCloud offers a suite of cloud-based security services, including management, analytics, and threat intelligence. Market share data for FortiCloud specifically is difficult to ascertain, but is a key component of their overall secure SD-WAN and SASE offerings. Competitors include Palo Alto Networks, Zscaler, and Cisco.
- FortiGuard Security Services: FortiGuard provides real-time threat intelligence and security updates for Fortinet's products. Competitors include Palo Alto Networks, Cisco and Check Point. Revenue data for this segment are difficult to ascertain, but are critical to their overall sales and future product enhancements.
Market Dynamics
Industry Overview
The cybersecurity industry is experiencing rapid growth due to increasing cyber threats and the need for robust security solutions. Key trends include cloud security, zero trust architecture, and AI-powered security.
Positioning
Fortinet is a leading player in the cybersecurity market, known for its broad product portfolio, integrated security platform, and strong focus on research and development. Its competitive advantages include its ASIC-accelerated security performance and its Security Fabric architecture, offering a unified and integrated security approach.
Total Addressable Market (TAM)
The global cybersecurity market is estimated to reach over $200 billion. Fortinet is positioned to capture a significant share of this market by offering comprehensive security solutions across various domains.
Upturn SWOT Analysis
Strengths
- Broad product portfolio
- Integrated Security Fabric architecture
- ASIC-accelerated performance
- Strong market presence
- High Performance
Weaknesses
- Complexity of product integration
- Perception of being less innovative than some competitors
- Reliance on channel partners for sales
Opportunities
- Growing demand for cloud security
- Expansion into new markets (e.g., OT security)
- Increasing adoption of zero trust architecture
- Growing demand for automation via AI
Threats
- Intense competition
- Rapidly evolving threat landscape
- Economic downturn affecting IT spending
- Emerging regulations
Competitors and Market Share
Key Competitors
- Palo Alto Networks (PANW)
- Cisco Systems (CSCO)
- Check Point Software Technologies (CHKP)
Competitive Landscape
Fortinet's advantages include its broad product portfolio, integrated Security Fabric architecture, and ASIC-accelerated performance. Its disadvantages include the complexity of product integration and perception of being less innovative than some competitors.
Major Acquisitions
AccelOps
- Year: 2016
- Acquisition Price (USD millions): 28
- Strategic Rationale: Enhanced Fortinet's security information and event management (SIEM) capabilities.
Bradford Networks
- Year: 2018
- Acquisition Price (USD millions): 24
- Strategic Rationale: Network access control (NAC) solutions enhancing the Fortinet Security Fabric.
Growth Trajectory and Initiatives
Historical Growth: Fortinet has experienced significant revenue growth over the past decade, driven by its expanding product portfolio and increasing market share.
Future Projections: Analysts project continued revenue growth for Fortinet, driven by the increasing demand for cybersecurity solutions and the company's strong competitive position. Projections range from 15-20% year-over-year growth.
Recent Initiatives: Recent strategic initiatives include expanding its cloud security offerings, investing in AI-powered security technologies, and strengthening its partnerships with cloud service providers.
Summary
Fortinet is a strong player in the cybersecurity industry, benefiting from its integrated Security Fabric and ASIC-accelerated performance. Its broad product portfolio and growing cloud security offerings position it well for future growth. However, it needs to address the complexity of product integration and competition from more innovative competitors. Continual investment in R&D is important to continue to grow and protect from rapidly changing technology.
Similar Companies
CHKP
Check Point Software Technologies Ltd
CHKP
Check Point Software Technologies Ltd
CRWD
Crowdstrike Holdings Inc
CRWD
Crowdstrike Holdings Inc
CSCO
Cisco Systems Inc
CSCO
Cisco Systems Inc
PANW
Palo Alto Networks Inc
PANW
Palo Alto Networks Inc
ZS
Zscaler Inc
ZS
Zscaler Inc
Sources and Disclaimers
Data Sources:
- Company filings (10K, 10Q)
- Industry reports (Gartner, IDC)
- Analyst reports
- Company website
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market data and financial information are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fortinet Inc
Exchange NASDAQ | Headquaters Sunnyvale, CA, United States | ||
IPO Launch date 2009-11-18 | Co-Founder, Chairman & CEO Mr. Ken Xie | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 14138 | Website https://www.fortinet.com |
Full time employees 14138 | Website https://www.fortinet.com | ||
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
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