Fortinet, Inc.

Halal Rating :
Comfortable
Last Price $101
Market Cap $78.28b
1D Change

9.03 %

1 Year Change

67.32 %

Next Earnings Date

Yet to be announced

Company Overview

Fortinet, Inc. is a global leader in cybersecurity solutions, providing a broad range of security products and services including firewalls, antivirus software, intrusion prevention systems, and secure networking services. The company develops and markets cybersecurity hardware, software, and services designed to provide integrated security protection for networks, data centers, and cloud environments.

Revenue Sources

Pass

Based on review of Fortinet's SEC filings and financial statements, the company generates its revenue primarily from cybersecurity products, subscriptions, and services. These core business activities involve providing legitimate technology products and services that create real value for customers. None of the company's revenue streams appear to involve gambling, alcohol, tobacco, pork products, or other haram sources.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 31, 2024 $1.66b $1.09b - $4.9m 0.00% 0.45%
Sept. 30, 2024 $1.51b $1.04b - $5.0m 0.00% 0.48%
June 30, 2024 $1.43b $1.0b - $5.0m 0.00% 0.50%
March 31, 2024 $1.35b $1.04b - $5.1m 0.00% 0.49%

Examining Fortinet's financial statements for the past four quarters: Interest expense has remained consistent at around $5 million per quarter, while total expenses ranged from approximately $1.0-1.04 billion per quarter. The interest expense ratio is well below the 5% threshold for all quarters examined. Interest income was not material to the company's operations.

Operational Ethics

Pass

While Fortinet conducts business globally, including having operations in China, there is no clear evidence of material collaboration with the Chinese Communist Party. The company maintains standard business operations in these regions but no direct evidence was found of problematic partnerships or arrangements with entities involved in human rights violations.

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