Fortinet Overview
- Year Founded
-
2000
- Status
-
Public
- Employees
-
14,138
- Stock Symbol
-
FTNT
- Investments
-
35
- Share Price
-
$94.37
- (As of Tuesday Closing)
Fortinet General Information
Description
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
Contact Information
Website
www.fortinet.comCorporate Office
- 909 Kifer Road
- Sunnyvale, CA 94086
- United States
Corporate Office
- 909 Kifer Road
- Sunnyvale, CA 94086
- United States
Fortinet Stock Performance
As of 22-Apr-2025, Fortinet’s stock price is $94.37. Its current market cap is $72.6B with 769M shares.
(As of Tuesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $94.37 | $92.72 | $54.57 - $114.82 | $72.6B | 769M | 5.11M | $2.28 |
Fortinet Financials Summary
As of 31-Dec-2024, Fortinet has a trailing 12-month revenue of $5.96B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 69,707,551 | 69,707,551 | 42,768,749 | 37,466,029 |
| Revenue | 5,955,800 | 5,955,800 | 5,304,800 | 4,417,400 |
| EBITDA | 2,046,100 | 2,046,100 | 1,348,400 | 1,060,400 |
| Net Income | 1,745,200 | 1,745,200 | 1,147,800 | 857,300 |
| Total Assets | 9,763,100 | 9,763,100 | 7,258,900 | 6,228,000 |
| Total Debt | 994,300 | 994,300 | 992,300 | 990,400 |
Fortinet Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Fortinet Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|
Fortinet Comparisons
Industry
Financing
Details
Fortinet Competitors (6)
One of Fortinet’s 6 competitors is Juniper Networks, a Formerly VC-backed company based in Sunnyvale, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Juniper Networks | Formerly VC-backed | Sunnyvale, CA | ||||
| Lenovo | Corporation | Hong Kong, Hong Kong | ||||
| Cisco Systems | Corporation | San Jose, CA | ||||
| Dell Technologies | Formerly PE-Backed | Round Rock, TX | ||||
| SonicWall | Private Equity-Backed | Milpitas, CA |
Fortinet Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Fortinet Patents
Fortinet Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250113254-A1 | Dynamically maximizing sub-channel bandwidth utilization for ofdma transmissions with artificial intelligence (ai) | Pending | 30-Sep-2023 | ||
| US-20250112954-A1 | Cross-platform native browser isolation | Pending | 30-Sep-2023 | ||
| US-20250112850-A1 | Hardware-assisted passive application monitoring | Pending | 30-Sep-2023 | ||
| US-20250112936-A1 | Online code similarity and maliciousness searching using a vector database | Pending | 30-Sep-2023 | ||
| US-20250113288-A1 | Smart bss-coloring to overcome co-channel-interference (cci) for wi-fi6 | Pending | 30-Sep-2023 | H04W48/16 |
Fortinet Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Fortinet Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Fortinet Investments & Acquisitions (35)
Fortinet’s most recent deal was a Merger/Acquisition with Perception Point. The deal was made on 11-Dec-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Perception Point | 11-Dec-2024 | Merger/Acquisition | Network Management Software | ||
| Fortinet (215,000 Square Foot 10 Story Building in Atlanta, Geogia) | 15-Nov-2024 | Corporate Asset Purchase | Buildings and Property | ||
| Next DLP | 05-Aug-2024 | Merger/Acquisition | Network Management Software | ||
| Lacework | 01-Aug-2024 | Merger/Acquisition | Network Management Software | ||
| ORing Industrial Networking | 02-Aug-2023 | Merger/Acquisition | Connectivity Products |
Fortinet ESG
Risk Overview
Risk Rating
Updated January, 11, 2025
15.96 | Low Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,109
Rank
Percentile
Software & Services
Industry
of 957
Rank
Percentile
Enterprise and Infrastructure Software
Subindustry
of 379
Rank
Percentile
Fortinet Exits (5)
Fortinet’s most recent exit was on 11-Jul-2017 from HyTrust. The exit was categorized as with 11 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| HyTrust | 11-Jul-2017 | Completed |
|
||
| HyTrust | 20-Mar-2015 | Completed |
|
||
| Delinea | 20-May-2014 | Completed |
|
||
| HyTrust | 26-Aug-2013 | Completed |
|
||
| IPLocks | 10-Jun-2008 | Merger/Acquisition | Completed |
Fortinet Affiliates
Subsidiaries (6)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Next DLP | London, United Kingdom | 2016 | |
| Perception Point | Boston, MA | 2015 | |
| Lacework | Mountain View, CA | 2015 | |
| ORing Industrial Networking | New Taipei City, Taiwan | 2005 | |
| Alaxala Networks | Kawasaki, Japan | 2004 |
Fortinet FAQs
-
When was Fortinet founded?
Fortinet was founded in 2000.
-
Where is Fortinet headquartered?
Fortinet is headquartered in Sunnyvale, CA.
-
What is the size of Fortinet?
Fortinet has 14,138 total employees.
-
What industry is Fortinet in?
Fortinet’s primary industry is Computers, Parts and Peripherals.
-
Is Fortinet a private or public company?
Fortinet is a Public company.
-
What is Fortinet’s stock symbol?
The ticker symbol for Fortinet is FTNT.
-
What is the current stock price of Fortinet?
As of 22-Apr-2025 the stock price of Fortinet is $94.37.
-
What is the current market cap of Fortinet?
The current market capitalization of Fortinet is $72.6B.
-
What is Fortinet’s current revenue?
The trailing twelve month revenue for Fortinet is $5.96B.
-
Who are Fortinet’s competitors?
Juniper Networks, Lenovo, Cisco Systems, Dell Technologies, and SonicWall are some of the 6 competitors of Fortinet.
-
What is Fortinet’s annual earnings per share (EPS)?
Fortinet’s EPS for 12 months was $2.28.
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