Fortinet, Inc

FTNT
Passed

Company Overview

No company description available.

Country
US
Market Cap
$44.86B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.39% passed
5% Threshold
0.4%
Liabilities Compliance
2.21% passed
33% Threshold
2.2%
Final Shariah Status
Passed

This stock meets all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Fortinet, Inc
Ticker FTNT
Main Business cybersecurity and networking solutions for organizations, including enterprises, communication service providers, security service providers, government organizations and small businesses.
Type Securities
Industry Software—Infrastructure
Country US
Market Cap $44.86 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Product $1,780.5 $0.0 Product revenue is primarily generated from sales of our physical and virtual machine appliances
Service $2,636.9 $0.0 Service revenue is generated primarily from FortiGuard security subscription services and FortiCare technical support services.
Interest income $17.4 $17.4 -
Total $4,434.8 $17.4 0.39% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
long term debt and capital lease obligation $992,300,000.0 2.21%
Total Interest-Bearing Debt $992,300,000.0 2.21%
Market Capitalization $44,860,318,500.0 100.00%
Compliance Status Threshold: 33% passed