Fortinet, Inc. (NASDAQ: FTNT) is an American cybersecurity company founded in 2000 by brothers Ken Xie and Michael Xie. Headquartered in Sunnyvale, California, Fortinet develops and sells security products including firewalls, endpoint security, and intrusion detection systems.
FortiGate and Security Fabric
Fortinet’s flagship product is FortiGate, a next-generation firewall first introduced in 2002. The broader Fortinet Security Fabric integrates security across the entire digital attack surface.
The portfolio includes FortiGate next-generation firewalls with custom ASIC processors, FortiSASE for Secure Access Service Edge for remote users, FortiEDR for endpoint detection and response, FortiSIEM for security information and event management, FortiAnalyzer for centralized logging and analytics, and FortiManager for centralized management and orchestration.
Fortinet is notable for designing its own security processors (SPUs), custom ASICs that deliver hardware-accelerated performance for firewall and encryption operations.
Financials
Fortinet’s 2024 annual revenue reached $5.96 billion, with 2025 revenue guidance of $6.65 to $6.85 billion. In Q3 2025, revenue and billings grew 14% year-over-year. The company has served over 900,000 lifetime customers and has a market cap of approximately $60 billion.
Industry Standing
Fortinet holds the largest share of the global network security appliance market by unit shipments. The company is consistently rated as a Leader in the Gartner Magic Quadrant for Network Firewalls, SD-WAN, and SASE. Fortinet went public on NASDAQ in November 2009, raising $156 million.