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Fortinet, Inc. (FTNT) company profile

FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value
$127.22−2.32 (-1.79%)

Close on Nov 13, 2026Market cap $93.47BP/E 41.3Yield –

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
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
735M, Oct 27, 2026
Public float
$56.85B, Jun 30, 2025
Filer category
Large accelerated filer
Stock splits
5-for-1, Jun 23, 2022; 2-for-1, Jun 2, 2011
SEC CIK
1262039
CUSIP
34959E109
ISIN
US34959E1091
FIGI
BBG000BCMBG4
Share class FIGI
BBG001S77BL6
LEI
549300O0QJWDBAS0QX03
EIN
77-0560389

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Michael XieVP, Engineering & CTO, Director20,078,009
Ken XiePresident & CEO, Director57,821,146
Christiane OhlgartChief Financial Officer11,204
John WhittleChief Operating Officer99,250
Keith JensenChief Financial Officer11,025
James G. StavridisDirector17,648
Judith SimDirector130,001
Derek T. KanDirector459
Jean X. HuDirector39,508
Kenneth A. GoldmanDirector44,178
Janet NapolitanoDirector4,733
Ming HsiehDirector10,199
William H. NeukomDirector450,904
Mary Agnes WilderotterDirector5,069

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$11.46M$1.15M$5.67M$267$258
FY2024$13.14M$37.72M$5.97M$442$301
FY2023$16.30M$21.53M$6.59M$274$221
FY2022$14.20M-$15.19M$4.53M$229$133
FY2021$14.20M$84.75M$4.87M$337$207
FY2020$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.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsIncentive payOtherTotalvs. prior year
Ken Xie
Chief Executive Officer
$597.00K$10.16M$705.94K–$11.46M-13%
Michael Xie
President and Chief Technology Officer
$445.00K$5.80M$328.88K–$6.58M-0%
Christiane Ohlgart
Chief Financial Officer (4)
$468.86K$3.65M$298.65K$7.00K$4.42M–
Keith Jensen
Former Chief Financial Officer (5)
$253.00K$5.12M$254.69K$26.40K$5.66M+0%
John Whittle
Chief Operating Officer
$506.00K$5.08M$447.00K$7.00K$6.04M+7%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

IPO

From the final prospectus (Form 424B4) and the first day of trading

Offering

Type
Initial public offering
Final prospectus filed
Nov 18, 2009
Securities offered
12,500,000
Exchange
Nasdaq
First trading day
Nov 18, 2009
First-day close
$16.62
Lock-up ends (est.)
May 17, 2010

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

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

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