Fortinet FTNT · USD
Information Technology · Software · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
122.47
+3.05%
Close of 9 Nov 2026, in USD
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About Fortinet
From its filings with the US Securities and Exchange Commission
Fortinet is based in Sunnyvale, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FTNT. It is a member of the S&P 500 and Nasdaq-100. The SEC classifies its business as computer peripheral equipment, nec. In the fiscal year to 31 December 2025, it reported revenue of $6.80bn and net income of $1.85bn. At that date it held total assets of $10.39bn and shareholders' equity of $1.24bn. By business, Service brought in 67.4% of revenue, followed by Product at 32.6%.
Fortinet is a leader in cybersecurity, driving the convergence of networking and security. Our mission is to secure people, devices and data everywhere. Our integrated platform, the Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (“SASE”) and artificial intelligence (“AI”)-driven security operations (“SecOps”). As of December 31, 2025, our end-customers were located in over 100 countries and included enterprises across a wide variety of market verticals, including financial services, retail, healthcare and operational technology (“OT”) market verticals, communication and security service providers, and government organizations. As a global company headquartered in Sunnyvale, California, our research and development is centered in the United States and Canada with a global footprint of support and centers of excellence around the world. As of December 31, 2025, we held 1,064 U.S. patents and a total of 1,405 global patents, including 321 AI-related patents. We have been recognized in over 140 enterprise analyst reports demonstrating both our vision and execution across security and networking products.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 8 Jun 2009
- Employees
- 15,109
- Website
- fortinet.com ↗
- Head office
- 909 KIFER ROAD, SUNNYVALE, CA, 94086
- Incorporated in
- DE
- Classification
- Computer Peripheral Equipment, NEC
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Ken XieChairman of the Board, Chief Executive Officer, since 2000$13.1m
- Mr. Michael XiePresident, Chief Technology Officer, Director, since 2000$6.6m
- Ms. Christiane OhlgartChief Financial Officer, Principal Accounting Officer
- Mr. John WhittleChief Operating Officer$5.7m
- Ms. Koon Lien SimLead Independent Director$453,501
- Mr. Kenneth GoldmanIndependent Director, since 2007$441,501
- Mr. Ming HsiehIndependent Director$420,501
- Ms. Jean HuIndependent Director$410,501
- Ms. Janet NapolitanoIndependent Director
- Mr. William NeukomIndependent Director$422,001
- Adm. (Retd.) James StavridisIndependent Director$422,334
- Mr. Aaron OvadiaSenior Director - Investor Relations, since 2024
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 74
- Environment
- 83
- Social
- 87
- Governance
- 51
- Direct emissions (scope 1)
- 1,606.4 t
- Energy emissions (scope 2)
- 9,838.8 t
- Value chain emissions (scope 3)
- 1,855,416 t
- Women in the workforce
- 20%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Fortinet Inc is a leading provider of cybersecurity solutions, offering a comprehensive range of products and services.
- The company has a strong brand reputation and has been recognized as a market leader in the cybersecurity industry.
- Fortinet's products are known for their reliability, scalability, and advanced threat protection capabilities.
Weaknesses
- Fortinet's heavy reliance on a few key distributors for sales and distribution could pose a risk to the company's revenue and market share.
- The company may face challenges in keeping up with rapidly evolving technology and cybersecurity threats.
- Fortinet's product portfolio may be perceived as complex by some potential customers, requiring significant technical expertise for deployment and management.
Opportunities
- The growing global cybersecurity market presents significant opportunities for Fortinet to expand its customer base and increase sales.
- Increasing awareness about the need for robust cybersecurity measures across industries provides Fortinet with the chance to capitalize on demand.
- As cloud computing and digital transformation continue to accelerate, there is an increasing need for advanced security solutions, opening doors for Fortinet.
Threats
- Intense competition from both established players and emerging startups in the cybersecurity market poses a threat to Fortinet's market position.
- Rapidly evolving cybersecurity threats and techniques may require continuous investments in research and development to stay ahead.
- Economic downturns or budget constraints faced by potential customers could affect their willingness to invest in cybersecurity solutions.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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