Fortinet, Inc.

Headquarters: Sunnyvale, CA, United States

Founded: 2000

Employees: 10,195

CEO: Mr. Ken Xie


Market Cap

$44.84 Billion

USD as of Jan. 1, 2024

Market Cap History

Fortinet, Inc. market capitalization over time

Evolution of Fortinet, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Fortinet, Inc.

Detailed Description

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Top 1-year algo backtest: +298.72%

$10,000 in April 2023 would now be $39,872 by following this algorithm daily at market close.

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Product & Services

Fortinet Security FabricFortiGate UTMFortiGate enterpriseFortiGate carrierFortiWebFortiSIEMFortiSandboxFortiClientFortiManagerFortiAnalyzer, next generation firewallsantivirus programsintrusion-prevention systemantispywareantispamVPNwireless securityapplication controlweb filteringSecurity information and event management

Key People

Founder(s): Ken Xie Michael Xie

Ken Xie (CEO) Michael Xie (CTO) Keith Jensen (CFO)


Revenue: US$2.59 billion (2020)

Operating income: US$532 million (2020)

Net income: US$489 million (2020)

Total assets: US$4.04 billion (2020)

Total equity: US$589 million (2020)



899 Kifer Road

Sunnyvale, CA 94086

United States

Phone: 408-235-7700

Fax: 408-235-7737