MARKET COMPOSITE
FTNT - Fortinet Inc8:00:00 PM 4/23/2024
Price
$64.80
+ 1.11 (1.74%)
Fortinet is an American multinational corporation headquartered in Sunnyvale, California. It develops and markets cybersecurity products and services, such as firewalls, anti-virus, intrusion prevention and endpoint security. Fortinet was founded in 2000 by brothers Ken Xie and Michael Xie. The company's first product was FortiGate, a firewall. The company later added wireless access points, sandboxing, and messaging security.
Financials
Quarterly financials
(USD)Jun 2023Q/Q
Revenue1.3B+2%
Gross Profit997MM+4%
Cost Of Revenue295.8MM-4%
Operating Income279MM+2%
Operating Expenses718MM+5%
Net Income266.3MM+8%
R&D153.3MM+1%
G&A49.9MM-5%
Marketing515.9MM+8%
Amortization4.5MM-4%
Interest Expense5.2MM+4%
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