Fortinet Inc. (NASDAQ: FTNT)
Software - Infrastructure · Sunnyvale, CA, United States · Founded 2000
- Market capitalization: $70.0 billion
- Annual revenue: $6.8 billion
- Net income: $1.85 billion
- Employees: 14,000
- Sector: Technology
- Headquarters: Sunnyvale, United States
- Founded: 2000
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Fortinet makes cybersecurity hardware and software, anchored by its FortiGate firewall line. They've built out a full "Security Fabric" platform covering everything from endpoint protection to SD-WAN. With over 700,000 customers globally, they're one of the biggest pure-play security vendors around.
Fortinet sells security appliances upfront and then charges for subscriptions — threat intelligence, sandboxing, web filtering — layered on top. The hardware gets you in the door; the recurring software revenue is where the real margin lives.
Founded in 2000 by brothers Ken and Michael Xie, Fortinet went public in 2009. They spent years as the scrappy underdog to Palo Alto Networks and Check Point, but aggressive pricing and their custom ASIC chips helped them grab massive market share in the 2010s.
| Market Capitalization | $70.0B |
| Annual Revenue | $6.8B |
| Net Income | $1.85B |
| Profit Margin | 27% |
| Revenue per Employee | $485714K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | FTNT |
Financial data is approximate and based on most recent annual filings.
Fortinet designs its own security processing chips (SPUs), which is almost unheard of for a cybersecurity company. Ken Xie previously founded NetScreen Technologies, which Juniper bought for $4 billion in 2004.
Fortinet's hardware-plus-subscription model is a cash machine, but the shift to cloud-native security could erode their ASIC advantage over time. Watch the billings growth closely.
What is Fortinet Inc.'s revenue?
Fortinet Inc. generates approximately $6.8 billion in annual revenue.
How many employees does Fortinet Inc. have?
Fortinet Inc. employs approximately 14,000 people worldwide.
What is Fortinet Inc.'s market cap?
Fortinet Inc. (FTNT) has a market capitalization of approximately $70.0 billion on the NASDAQ.
When was Fortinet Inc. founded?
Fortinet Inc. was founded in 2000 and is headquartered in Sunnyvale, CA, United States.
Who is the CEO of Fortinet Inc.?
Ken Xie is the current CEO of Fortinet Inc..
What is Fortinet Inc.'s website?
Fortinet Inc.'s official website is fortinet.com.
| CEO | Ken Xie |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 2000 |
| HQ | Sunnyvale, CA |
| Country | United States |
| Website | fortinet.com |
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