MARKET COMPOSITE
FTNT - Fortinet Inc8:00:00 PM 6/14/2024
Price
$60.78
+ 0.55 (0.91%)
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)Mar 2024Q/Q
Revenue1.4B-4%
Gross Profit1B-5%
Cost Of Revenue304.7MM-4%
Operating Income321.2MM-17%
Operating Expenses727.4MM+2%
Net Income299.3MM-4%
R&D173MM+13%
G&A54.4MM-1%
Marketing501.1MM-1%
Amortization3MM-43%
Interest Expense5.1MM-6%
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