Fortinet Inc (FTNT) Files 10-K for the Fiscal Year Ended on December 31, 2017
- By insider
Fortinet Inc (FTNT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Fortinet Inc software solutions provider. The company develops and sells a portfolio of security software products which includes firewall, threat detection, WLAN and switching, application security, identity and access management. Fortinet Inc has a market cap of $8.75 billion; its shares were traded at around $50.32 with a P/E ratio of 296.01 and P/S ratio of 5.94. Fortinet Inc had annual average EBITDA growth of 2.80% over the past five years.
Warning! GuruFocus has detected 4 Warning Sign with FTNT. Click here to check it out.
The intrinsic value of FTNT
For the last quarter Fortinet Inc reported a revenue of $416.7 million, compared with the revenue of $362.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.5 billion, an increase of 17.2% from last year. For the last five years Fortinet Inc had an average revenue growth rate of 24.3% a year.
The reported diluted earnings per share was 18 cents for the year, compared with the earnings per share of $0.15 in the previous year. Over the last five years Fortinet Inc had an average EPS decline of 16.2% a year. The Fortinet Inc had an operating margin of 7.35%, compared with the operating margin of 3.37% a year before. The 10-year historical median operating margin of Fortinet Inc is 8.88%. The profitability rank of the company is 8 (out of 10).
At the end of the fiscal year, Fortinet Inc has the cash and cash equivalents of $811.0 million, compared with $709.0 million in the previous year. The company had no long term debt. The interest coverage to the debt is 1.4, which is not a favorable level. Fortinet Inc has a financial strength rank of 8 (out of 10).
At the current stock price of $50.32, Fortinet Inc is traded at close to its historical median P/S valuation band of $50.42. The P/S ratio of the stock is 5.94, while the historical median P/S ratio is 5.97. The stock gained 33.95% during the past 12 months.
CEO Recent Trades:
President & CEO Ken Xie sold 89,423 shares of FTNT stock on 02/08/2018 at the average price of $45.08. The price of the stock has increased by 11.62% since.
Directors and Officers Recent Trades:
VP CorpDev&Strat Alliance, GC John Whittle sold 679 shares of FTNT stock on 02/15/2018 at the average price of $48.69. The price of the stock has increased by 3.35% since.
VP CorpDev&Strat Alliance, GC John Whittle sold 29,946 shares of FTNT stock on 02/12/2018 at the average price of $47. The price of the stock has increased by 7.06% since.
Director Christopher B Paisley sold 4,000 shares of FTNT stock on 02/12/2018 at the average price of $46.71. The price of the stock has increased by 7.73% since.
VP CorpDev&Strat Alliance, GC John Whittle sold 9,846 shares of FTNT stock on 02/06/2018 at the average price of $47. The price of the stock has increased by 7.06% since.
VP Corp Dev&Strat Alliance,GC John Whittle sold 11,728 shares of FTNT stock on 02/05/2018 at the average price of $44.81. The price of the stock has increased by 12.3% since.
For the complete 20-year historical financial data of FTNT, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 4 Warning Sign with FTNT. Click here to check it out.
The intrinsic value of FTNT