Fortinet, Inc.
FTNT —Price and target zones价格与目标区间
What the company does公司做什么
Fortinet sells firewalls and network security, and is especially strong in hardware appliances. It designs its own security chips, which gives its equipment a cost and speed edge.Fortinet 出售防火墙和网络安全产品,尤其擅长硬件设备。它自己设计安全芯片,这让它的设备在成本和速度上都有优势。
Earns from营收来源 one-time appliance sales, then recurring subscription and support on the installed base.一次性的设备销售,之后再从已装机的用户群那里收取可重复的订阅和支持费用。
Read the full description查看完整介绍
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge 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. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
What the company sells公司卖什么share of revenue营收占比
Service服务
67%Recurring security subscriptions and support. FY2025 revenue was $4.6 billion.经常性的安全订阅和支持。FY2025 收入为 $4.6 billion。
- FortiGuard subscriptionsFortiGuard 订阅
- Threat-intelligence services that keep the firewalls updated against new attacks.威胁情报服务,让防火墙持续更新以应对新出现的攻击。
- Technical support技术支持
- Maintenance contracts on deployed equipment.已部署设备的维护合同。
Product产品
33%Firewall appliances and term licences. FY2025 revenue was $2.2 billion.防火墙设备和期限授权。FY2025 收入为 $2.2 billion。
- FortiGate firewallsFortiGate 防火墙
- Hardware and virtual appliances, built on Fortinet's own chips, that filter network traffic.基于 Fortinet 自研芯片打造的硬件和虚拟设备,用来过滤网络流量。
Company facts公司资料
- Founded成立时间
- 2000
- Headquarters总部
- Sunnyvale, California
- Employees员工人数
- 15,472
- Industry行业
- Software - Infrastructure
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
Watch
- Removal candidate. 43.8x fwd, consensus tgt $135.57 is below spot, sleeve already deep. Earnings 7/29. Analyze or retire
⚠️ 待剔除候选。 43.8x 前瞻(市盈率),市场一致目标价 $135.57 低于现价,该板块仓位已经很重。7/29 财报。做分析或淘汰。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 117%
- Revenue growth营收增长
- +26%
Competitors竞争对手
Why customers stay客户为什么留下
Fortinet designs its own security chips, so its appliances handle more traffic for the money than rivals using off-the-shelf parts. That anchors a large installed base, which then buys the recurring FortiGuard subscriptions.Fortinet 自己设计安全芯片,所以在同样的价格下,它的设备能处理比用现成通用芯片的对手更多的流量。这稳住了一个庞大的装机用户群,而这些用户随后又会去购买可重复的 FortiGuard 订阅服务。
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Platform bundling by Microsoft/PANW/CRWD, plus sector-wide multiple de-ratings that hit good and bad alike (QLYS −20% in 9 days on no company news).
4 held = deep. New entries are swaps, not adds.
Recent news近期新闻 last 7 days近7天
- Fortinet: Securing the AI RevolutionZacks
- Move Over Memory, Fortinet Earnings Show Cybersecurity Stocks Are Red-Hot AI PlaysBarrons.com
- Fortinet Stock Jumps 10% as Product Revenue Grows 52%GuruFocus.com
- Fortinet Q2 Earnings & Revenues Beat Estimates, Increase Y/YZacks
- FTNT Q2 Earnings Call Highlights SASE Firewall GrowthZacks