Fortinet, Inc. (FTNT)

Fortinet is a cybersecurity company focused on converging networking and security, with a stated mission of securing people, devices and data everywhere. Its integrated platform, the Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and AI-driven security operations (SecOps). In 2025 the company generated total revenue of $6.80 billion and net income of $1.85 billion. It was incorporated in Delaware in November 2000 and, as of December 31, 2025, held 1,064 U.S. patents and 1,405 global patents.

The platform comprises over 50 products across three pillars. Secure Networking is built on FortiOS, the unified operating system, and includes FortiGate network firewalls accelerated by proprietary FortiASIC security processing units, plus FortiSwitch, FortiAP, FortiExtender and network access control. Unified SASE combines firewall, SD-WAN, secure web gateway, cloud access security broker, data loss prevention, ZTNA and related capabilities, delivered through a cloud network of over 190 points of presence, with a Sovereign SASE option and cloud security offerings such as web application firewalls, virtualized and cloud-native firewalls, and CNAPP. AI-Driven SecOps includes FortiAnalyzer, FortiSIEM, FortiSOAR, FortiEndpoint, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, FortiRecon and the FortiAI assistants, along with managed services such as SOC-as-a-Service and managed detection and response. The company also offers FortiAI for AI security, OT security for critical infrastructure, FortiGuard AI-powered security subscription services backed by FortiGuard Labs threat intelligence, FortiCare technical support (Elite, Premium and Essential tiers, plus Advanced Support), and training and certification through the Fortinet Training Institute.

End-customers are located in over 100 countries and include small, medium and large enterprises, service providers and government organizations across financial services, retail, healthcare, manufacturing, technology, education, telecommunications and operational technology. Fortinet mainly sells through a two-tier model: distributors such as Arrow Electronics, Exclusive, Ingram Micro and TD Synnex sell to resellers and to service providers and MSSPs, who sell to end-customers. It also sells directly to some large service providers, systems integrators and large end users. Customers can also access products via the cloud through Fortinet data centers, colocation facilities, and providers such as AWS, Microsoft Azure and Google Cloud. Sales professionals operate in over 100 countries.

Fortinet is headquartered in Sunnyvale, California. Research and development is centered in the United States and Canada, and it does not perform source code development or internal R&D in Russia or China. It designs its own ASICs in-house and outsources hardware manufacturing to contract and original design manufacturers including Accton, IBASE, Micro-Star, Senao and Wistron, with about 87% of hardware made in Taiwan. ASICs are built by contract manufacturers such as Toshiba America and Renesas using foundries operated by TSMC or the manufacturers themselves. Products are shipped to warehouses in California and the Netherlands or to a logistics partner in Taiwan. Certain CPUs, network and wireless chips and memory devices come from limited or sole sources, without long-term supply contracts. A Trusted Supplier Program aligned with NIST SP 800-161 governs supply chain security.