Fortinet, Inc.
Close on Oct 19, 2026
- Market cap
- $126.89B
- P/E (TTM)
- 60.4
- Dividend yield
- –
About Fortinet
Computer Peripheral Equipment, NEC, SIC 3577
Fortinet provides cybersecurity and converged networking solutions designed to protect people, devices, and data across modern IT environments. Its integrated architecture, the Fortinet Security Fabric, spans secure networking, unified secure access service edge, and artificial intelligence-driven security operations. Key offerings include network firewalls, ethernet switches, wireless access points, connectivity gateways, endpoint protection, and operational technology security platforms. The company also supplies threat intelligence subscriptions, security services, and technical support. Fortinet serves government organizations, communication and security service providers, and enterprises across industries such as financial services, retail, healthcare, manufacturing, technology, education, and telecommunications.
Headquartered in Sunnyvale, California, the company maintains research and development facilities primarily in the United States and Canada, supported by global service centers. Fortinet operates over 190 cloud points of presence worldwide, alongside warehouses in California and the Netherlands and a logistics facility in Taiwan. Supported by a workforce of 15,109 employees and sales personnel across more than 100 countries, the company serves end-customers in over 100 countries.
Summary of the business section of Fortinet's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Fortinet, Inc.
- Founded
- 2000
- Headquarters
- Sunnyvale, CA
- Address
- 909 Kifer Road 94086
- Phone
- (408) 235-7700
- Website
- www.fortinet.com
- Employees
- 15,109, Dec 31, 2025
- Industry
- Computer Peripheral Equipment, NEC
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- DELOITTE & TOUCHE LLP, San Jose, California
Stock & identifiers
- Ticker
- FTNT
- Exchange
- Nasdaq
- IPO date
- Nov 18, 2009
- Shares outstanding
- 734M, Jul 28, 2026
- Public float
- $56.85B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 5-for-1, Jun 23, 2022; 5-for-1, Apr 14, 2022; 2-for-1, Jun 2, 2011
- SEC CIK
- 1262039
- CUSIP
- 34959E109
- ISIN
- US34959E1091
- LEI
- 549300O0QJWDBAS0QX03
- EIN
- 77-0560389
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael Xie | VP, ENGINEERING & CTO, Director | 20,078,809 |
| Ken Xie | PRESIDENT & CEO, Director | 57,937,222 |
| Christiane Ohlgart | Chief Financial Officer | 10,345 |
| John Whittle | CHIEF OPERATING OFFICER | 96,987 |
| Keith Jensen | Chief Financial Officer | 11,025 |
| James G. Stavridis | Director | 17,189 |
| Judith Sim | Director | 129,542 |
| Derek T. Kan | Director | – |
| Jean X. Hu | Director | 39,049 |
| Kenneth A. Goldman | Director | 43,719 |
| Janet Napolitano | Director | 4,274 |
| Ming Hsieh | Director | 54,057 |
| William H. Neukom | Director | 450,904 |
| Mary Agnes Wilderotter | Director | 5,069 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Ken Xie | $11.46M | $1.15M | $5.67M | $267 | $258 |
| FY2024 Ken Xie | $13.14M | $37.72M | $5.97M | $442 | $301 |
| FY2023 Ken Xie | $16.30M | $21.53M | $6.59M | $274 | $221 |
| FY2022 Ken Xie | $14.20M | -$15.19M | $4.53M | $229 | $133 |
| FY2021 Ken Xie | $14.20M | $84.75M | $4.87M | $337 | $207 |
| FY2020 Ken Xie | $10.65M | $24.46M | $3.50M | $139 | $150 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, our total headcount was 15,109 employees, approximately 30% of whom were employed in the United States, approximately 20% of whom were employed in Canada and approximately 50% of whom were employed outside of the United States and Canada, primarily in Europe, Middle East and Africa (“EMEA”), consistent with our customer base.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 28, 2015 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 8, 2015 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 9, 2015 | Tender offer | Third-party tender offer for the company's shares |
| Nov 18, 2009 | IPO | Initial public offering priced (424B4 prospectus) |
| Oct 29, 2009 | Listing | Registration of securities on an exchange (Form 8-A) |