Fortinet

World Rank (Jan-05-2024)

392

Market Cap (Jan-05-2024)

44.838 Billion USD

World Rank (Jul-30-2023)

280

Market Cap (Jul-30-2023)

60.303 Billion USD

World Rank (Jan-07-2022)

368

Market Cap (Jan-07-2022)

51.447 Billion USD

World Rank (Jan-01-2021)

764

Market Cap (Jan-01-2021)

24.111 Billion USD

Company Rank in Country in 2023

Rank in USA in July-2023 is 141

Headquarters Country

USA

Nasdaq / NYSE Code

FTNT

Market Cap (Mar-08-2026)

61.91

CEO

Ken Xie

Chairman

Ken Xie

Employee Count

12,595

Employee Count as of Date

As on Dec-2022

Headquarters City/State

California

World Region

Americas

World Subregion

Northern America

Annual Revenue in USD

4,417 Million USD

Annual Operating Income in USD

965 Million USD

Annual Net Income in USD

857 Million USD

Annual Results for Period Ending

Dec-2022 ending year

Total Assets in USD

6,228 Million USD

Total Liabilities in USD

6,509 Million USD

Total Equity in USD

-281 Million USD

Balance Sheet for Period Ending

Dec-2022 ending year

Business Sector

Software and IT

Security Systems and Solutions

Company Website

Wikipedia

Yahoo

Yahoo @ Nasdaq

Facebook

Company Profile

FORTINET is Software company with headquarters is in California, USA. Software company related to cybersecurity solutions, antivirus solutions, firewalls solutions. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. The integration of devices using open standards, common operating systems, and unified management platforms enables the sharing and correlation of real-time threat intelligence.

The following Fortinet products can operate as part of the Fortinet Security Fabric cybersecurity mesh platform:

FortiGate-VM
FortiMail
FortiManager
FortiSandbox
FortiSwitch
FortiAnalyzer
FortiAP
FortiClient
FortiEDR/XDR
FortiToken

FORTINET have more than 615,000 customers across the world.

FORTINET annual revenue generated for period ending Dec-2021 was 3,342 million USD.

FORTINET annual net income generated for period ending Dec-2021 was 606 million USD.

Total Assets as on Dec-2021 was 5,919 Million USD.

Total Liabilities as on Dec-2021 was 5,120 Million USD.

Total Equity as on Dec-2021 was 798 Million USD.

Annual Results Summary

FORTINET - Annual Result Summary - in Million USD

Year Ending:	Total Revenue	Gross Profit	Operating Income	Net Income
Dec-2023	5,304	4,067	1,236	1,147
Dec-2022	4,417	3,332	965	857
Dec-2021	3,342	2,559	646	606
Dec-2020	2,594	2,024	491	488
Dec-2019	2,156	1,650	344	326
Dec-2018	1,801	1,351	231	332
Dec-2017	1,495	1,110	109	31
Dec-2016	1,275	938	42	32

Balance Sheet Summary

FORTINET - Balance Sheet Summary - in Million USD

Year Ending:	Total Assets	Total Liabilities	Total Equity
Dec-2023	7,258	7,722	-463
Dec-2022	6,228	6,509	-281
Dec-2021	5,919	5,120	798
Dec-2020	4,045	3,189	856
Dec-2019	3,879	2,537	1,342
Dec-2018	3,078	2,068	1,010
Dec-2017	2,258	1,669	589

Founded Year

2000

Institutional Investors

Top 30 Institutional Holder Names in FORTINET as on SEP-30-2023

RANK	INSTITUTION NAME	DATE	SHARES HELD	CHANGE (SHARES)	CHANGE (%)	VALUE (IN 1,000S)
1	VANGUARD GROUP INC	09/30/2023	6,78,42,473	-1,54,087	-0.23%	$3,420,617
2	BLACKROCK INC.	09/30/2023	5,02,82,415	5,73,291	1.15%	$2,535,239
3	ALLIANCEBERNSTEIN L.P.	09/30/2023	2,91,34,891	2,75,834	0.96%	$1,468,981
4	STATE STREET CORP	09/30/2023	2,55,60,742	-4,82,051	-1.85%	$1,288,773
5	BANK OF NEW YORK MELLON CORP	09/30/2023	1,86,50,504	-4,22,600	-2.22%	$940,358
6	GEODE CAPITAL MANAGEMENT, LLC	09/30/2023	1,41,19,990	3,51,621	2.55%	$711,930
7	NORDEA INVESTMENT MANAGEMENT AB	09/30/2023	94,41,059	57,65,174	156.84%	$476,018
8	AMERIPRISE FINANCIAL INC	09/30/2023	88,53,461	-11,66,396	-11.64%	$446,392
9	FMR LLC	09/30/2023	87,74,011	-65,72,750	-42.83%	$442,386
10	MORGAN STANLEY	09/30/2023	86,64,124	1,08,548	1.27%	$436,845
11	FIRST TRUST ADVISORS LP	09/30/2023	76,78,945	15,65,876	25.62%	$387,172
12	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	09/30/2023	76,09,742	-14,96,998	-16.44%	$383,683
13	VIKING GLOBAL INVESTORS LP	09/30/2023	70,50,550	-6,38,737	-8.31%	$355,489
14	T. ROWE PRICE INVESTMENT MANAGEMENT, INC.	09/30/2023	69,05,545	-11,86,113	-14.66%	$348,178
15	GOLDMAN SACHS GROUP INC	09/30/2023	65,30,502	7,37,891	12.74%	$329,268
16	NORTHERN TRUST CORP	09/30/2023	65,09,878	10,018	0.15%	$328,228
17	NORGES BANK	12/31/2022	64,01,386	-4,24,636	-6.22%	$322,758
18	PRICE T ROWE ASSOCIATES INC /MD/	09/30/2023	63,91,852	-9,98,277	-13.51%	$322,277
19	INVESCO LTD.	09/30/2023	55,95,608	2,69,202	5.05%	$282,131
20	LEGAL & GENERAL GROUP PLC	09/30/2023	54,95,383	-3,75,122	-6.39%	$277,077
21	RENAISSANCE TECHNOLOGIES LLC	09/30/2023	51,71,545	-21,34,500	-29.22%	$260,749
22	FUNDSMITH LLP	09/30/2023	49,24,241	26,10,938	112.87%	$248,280
23	PICTET ASSET MANAGEMENT SA	06/30/2023	46,52,332	-6,07,840	-11.56%	$234,571
24	BANK OF AMERICA CORP /DE/	09/30/2023	45,04,800	13,22,347	41.55%	$227,132
25	PICTET ASSET MANAGEMENT HOLDING SA	09/30/2023	39,90,184	39,90,184	New	$201,185
26	AMUNDI	09/30/2023	39,38,874	-13,42,014	-25.41%	$198,598
27	UBS ASSET MANAGEMENT AMERICAS INC	09/30/2023	38,50,108	7,23,998	23.16%	$194,122
28	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	09/30/2023	37,89,106	1,53,119	4.21%	$191,047
29	ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V.	09/30/2023	35,76,224	15,85,236	79.62%	$180,313
30	JACOBS LEVY EQUITY MANAGEMENT, INC	06/30/2023	32,26,515	2,68,790	9.09%	$162,681