Overview Fortinet’s mission is to deliver the most innovative, highest-performing network Headquarters: Sunnyvale, California security fabric to secure and simplify your IT infrastructure. We are a leading global provider of network security and SD-WAN, switching and wireless access, network access control, authentication, public and private cloud security, endpoint security, and AI-driven advanced threat protection solutions for carriers, $3.1B Employees: 8,238 data centers, enterprises, and distributed offices.
Founded: Nov. 2000
First Product Release: May 2002 CAGR 45%
Fortinet IPO: Nov. 2009 NASDAQ: FTNT
FY 2020 Revenue: $2.59B 2002 2020 BILLINGS FY 2020 Billings: $3.09B Share Price Performance
3-year 5-year Since IPO*
Q4 2020 revenue: $748M FTNT Rank 1st 1st 1st Q4 2020 billings: $961M FTNT 240% 377% 2276%
CHKP 28% 63% 301% Q4 2020 EPS (GAAP): $0.89/share Q4 2020 EPS (non-GAAP): $1.06/share PANW 145% 102% 746%
Share price performance through Dec. 31, 2020. Source: FactSet Market Cap (Dec. 31, 2020): $24.1B * FTNT IPO on 11/18/2009 at $6.25 (split adjusted); PANW IPO on 7/20/2012 at $42. CHKP performance from FTNT IPO date. $1.96B Cash+Investments and no debt Steadily Improved Operating Margins Non-GAAP Operating Margin - Trailing Four Quarter Average Units Shipped to Date: 6.5M+ 30.0%
25.0% Total Customers: 500,000+ 20.0%
15.0% Global Patents (as of Dec. 31, 2020) Q4 2020 Non-GAAP Operating Margin: 29.4% Issued: 716 10.0% Pending: 194 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20
Source: Company data.
Q4 2020 High-End Appliances 35% Large enterprises & telcos/ service providers APAC Mid-Range Appliances 15% APAC 41% 20% Enterprises FortiGate Employee Revenue EMEA Americas Billings Cost by Region 40% 32% by Segment by Region Q4 2020 Q4 2020 Q4 2020 EMEA 40% Americas 53% Entry-Level Appliances* 24% 2 SMBs, branch offices, and retail
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