Fortinet, Inc. Files 2023 Annual Report on Form 10-K
Ticker: FTNT · Form: 10-K · Filed: 2024-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, Annual Report, Financials, Fortinet, Cybersecurity
TL;DR
<b>Fortinet, Inc. has filed its 2023 10-K report detailing financial performance and business operations.</b>
AI Summary
Fortinet, Inc. (FTNT) filed a Annual Report (10-K) with the SEC on February 26, 2024. Fortinet, Inc. filed its 2023 Form 10-K on February 26, 2024, reporting on its fiscal year ended December 31, 2023. The filing covers financial data and business operations for the fiscal year 2023. Key financial statement information, including balance sheets and income statements, is presented for the fiscal years 2023, 2022, and 2021. The report details segment information for products and services. Shareholder equity components such as Common Stock, Additional Paid-In Capital, Accumulated Other Comprehensive Income, Retained Earnings, and Noncontrolling Interest are detailed as of December 31, 2023, 2022, and 2021.
Why It Matters
For investors and stakeholders tracking Fortinet, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Fortinet's financial health and operational results for the fiscal year 2023, crucial for investors to assess performance and future outlook. The detailed financial statements and segment reporting allow stakeholders to understand revenue streams and profitability drivers, aiding in investment decisions.
Risk Assessment
Risk Level: medium — Fortinet, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative developments beyond the company's disclosed performance.
Analyst Insight
Investors should review the detailed financial statements and management discussion within the 10-K to understand Fortinet's performance drivers and any disclosed risks or opportunities.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Product | ||
| Service |
Key Numbers
- 2023 — Fiscal Year (Reporting period for the 10-K.)
- 2022 — Fiscal Year (Comparative period in financial statements.)
- 2021 — Fiscal Year (Comparative period in financial statements.)
Key Players & Entities
- Fortinet, Inc. (company) — Filer of the 10-K report.
- 2023-12-31 (date) — Fiscal year end date.
- 2024-02-26 (date) — Filing date of the 10-K.
- 909 KIFER ROAD (address) — Business and mailing address.
- SUNNYVALE (location) — City of business and mailing address.
- CA (location) — State of business and mailing address.
- 94086 (postal_code) — ZIP code of business and mailing address.
- 408-235-7700 (phone_number) — Business phone number.
FAQ
When did Fortinet, Inc. file this 10-K?
Fortinet, Inc. filed this Annual Report (10-K) with the SEC on February 26, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by Fortinet, Inc. (FTNT).
Where can I read the original 10-K filing from Fortinet, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Fortinet, Inc..
What are the key takeaways from Fortinet, Inc.'s 10-K?
Fortinet, Inc. filed this 10-K on February 26, 2024. Key takeaways: Fortinet, Inc. filed its 2023 Form 10-K on February 26, 2024, reporting on its fiscal year ended December 31, 2023.. The filing covers financial data and business operations for the fiscal year 2023.. Key financial statement information, including balance sheets and income statements, is presented for the fiscal years 2023, 2022, and 2021..
Is Fortinet, Inc. a risky investment based on this filing?
Based on this 10-K, Fortinet, Inc. presents a moderate-risk profile. The filing is a standard 10-K, which is a routine annual report. While it contains detailed financial information, it does not inherently signal immediate positive or negative developments beyond the company's disclosed performance.
What should investors do after reading Fortinet, Inc.'s 10-K?
Investors should review the detailed financial statements and management discussion within the 10-K to understand Fortinet's performance drivers and any disclosed risks or opportunities. The overall sentiment from this filing is neutral.
Key Dates
- 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
- 2024-02-26: Filing Date — Date Fortinet, Inc. filed its 10-K report.
From the Filing
0001262039-24-000014.txt : 20240226 0001262039-24-000014.hdr.sgml : 20240226 20240223182506 ACCESSION NUMBER: 0001262039-24-000014 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 124 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240226 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fortinet, Inc. CENTRAL INDEX KEY: 0001262039 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770560389 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34511 FILM NUMBER: 24673045 BUSINESS ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 BUSINESS PHONE: 408-235-7700 MAIL ADDRESS: STREET 1: 909 KIFER ROAD CITY: SUNNYVALE STATE: CA ZIP: 94086 FORMER COMPANY: FORMER CONFORMED NAME: FORTINET INC DATE OF NAME CHANGE: 20030902 10-K 1 ftnt-20231231.htm FORM 10-K ftnt-20231231 0001262039 false 2023 FY P1Y P1Y http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent P1Y P2Y P3Y P1Y P2Y P3Y 454 367 0001262039 2023-01-01 2023-12-31 0001262039 2023-06-30 iso4217:USD 0001262039 2024-02-22 xbrli:shares 0001262039 2023-12-31 0001262039 2022-12-31 iso4217:USD xbrli:shares 0001262039 us-gaap:ProductMember 2023-01-01 2023-12-31 0001262039 us-gaap:ProductMember 2022-01-01 2022-12-31 0001262039 us-gaap:ProductMember 2021-01-01 2021-12-31 0001262039 us-gaap:ServiceMember 2023-01-01 2023-12-31 0001262039 us-gaap:ServiceMember 2022-01-01 2022-12-31 0001262039 us-gaap:ServiceMember 2021-01-01 2021-12-31 0001262039 2022-01-01 2022-12-31 0001262039 2021-01-01 2021-12-31 0001262039 us-gaap:CommonStockMember 2020-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0001262039 us-gaap:RetainedEarningsMember 2020-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2020-12-31 0001262039 2020-12-31 0001262039 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0001262039 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0001262039 us-gaap:CommonStockMember 2021-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001262039 us-gaap:RetainedEarningsMember 2021-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2021-12-31 0001262039 2021-12-31 0001262039 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001262039 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001262039 us-gaap:CommonStockMember 2022-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001262039 us-gaap:RetainedEarningsMember 2022-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2022-12-31 0001262039 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001262039 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001262039 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001262039 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001262039 us-gaap:CommonStockMember 2023-12-31 0001262039 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001262039 us-gaap:AccumulatedOthe