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Fortinet Inc. is a technology company classified within the software industry, specializing in cybersecurity and offering integrated solutions for protecting networks, devices, and digital environments across organizations of different sizes and sectors.
Founded in 2000 in the United States by Ken Xie, the company was created in response to the growing demand for protection against digital threats amid the rapid expansion of the internet and the growth of corporate networks.
The company’s product portfolio includes firewalls, intrusion detection and prevention systems, cloud security solutions, endpoint protection, secure Wi-Fi networks, and centralized security management platforms.
Its flagship offering is FortiGate, a next-generation firewall line that integrates multiple layers of protection, artificial intelligence, and automated incident response capabilities.
With a global presence in more than 100 countries, Fortinet serves customers across various industries, including financial services, telecommunications, manufacturing, healthcare, and the public sector.
In addition to hardware and software sales, the company offers subscription-based services and technical support, including continuous threat-intelligence updates provided by its specialized research unit, FortiGuard Labs.
Market factors influencing its operations include the increasing sophistication of cyberattacks, the accelerated adoption of cloud computing and remote work, and the expansion of data protection regulations across multiple jurisdictions.
Fortinet competes with major global cybersecurity companies such as Palo Alto Networks, Cisco Systems, and Check Point Software, as well as specialized vendors that operate in specific security niches like email protection and endpoint defense.
Fortinet’s operational structure includes global research and development centers, regional sales and support offices, and an extensive channel-partner network responsible for distributing and implementing its solutions.
Fortinet Inc. shares are traded on Nasdaq under the ticker FTNT.
History and when Fortinet Inc. was created
Fortinet Inc. was founded in 2000 in Sunnyvale, California, by Ken Xie, with the purpose of developing high-performance firewalls for enterprise network protection.
Its initial goal was to offer accessible and scalable solutions for companies of all sizes, providing advanced security against emerging digital threats. With a business model strongly focused on research and development, the company launched its first line of FortiGate firewalls in 2002, gaining traction in the cybersecurity market.
In 2009, Fortinet completed its initial public offering (IPO) on Nasdaq, raising capital to expand its product portfolio and strengthen its global infrastructure. The success of the offering positioned the company as one of the leading players in the sector, accelerating its international expansion and the development of new technologies.
Throughout the 2010s, the company diversified its solutions, adding offerings for cloud security, endpoint protection, and software-defined wide area networks (SD-WAN). Strategic acquisitions also strengthened its expertise and expanded the capabilities of the Fortinet Security Fabric platform.
Between 2020 and 2024, Fortinet increased its investments in artificial-intelligence-driven cybersecurity, enhanced its incident-response infrastructure, and expanded its global partner ecosystem.
Additional Information
The Company Fortinet Inc. (United States), is listed on Nasdaq with a market cap of $ 59.61 Billions, having an equity of $ 735.10 Millions.
With a total of 7.082 employees, the company is listed in the sector of Technology and categorized in industry of Software.
In the last 12 months the Company had a revenue of $ 6.55 Billions, which generated a profit in the amount of $ 1.87 Billion.
As for its main indicators, the Company has a P/E ratio of 31.82, a P/BV ratio of 81.10 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker FTNT.
