Fortinet, Inc.

What does Fortinet own?
Fortinet owns its security platform built around FortiGate firewalls, FortiOS, FortiGuard Labs threat services, and more than 50 product lines including FortiSASE, FortiEDR, FortiSIEM, and Lacework-derived cloud security.

Is Fortinet publicly traded?
Yes. Fortinet trades on NASDAQ under the ticker FTNT and is a member of the NASDAQ-100 and S&P 500. It went public in November 2009.

Who founded Fortinet?
Brothers Ken Xie and Michael Xie founded Fortinet in 2000 in Sunnyvale, California. Ken Xie had previously co-founded NetScreen, which Juniper acquired for $4 billion. Ken Xie remains CEO and Michael Xie is CTO.

Where is Fortinet headquartered?
Fortinet is headquartered at 909 Kifer Road in Sunnyvale, California, with R&D centered in the US and Canada and support operations worldwide.

How many brands does Fortinet own?
Fortinet operates under one master brand. Its products are named lines under the Fortinet identity, including FortiGate, FortiSASE, and the FortiGuard services.

Who owns Fortinet?
Fortinet is owned by its public shareholders, with institutional investors holding the large majority of shares. The founding Xie brothers lead the company but do not hold majority voting control.

Ken Xie was a serial security entrepreneur before Fortinet. He co-founded NetScreen Technologies, a firewall and VPN company, in 1997; when NetScreen pivoted toward enterprise accounts and was sold to Juniper Networks for $4 billion in 2004, Xie had already left to start Fortinet in 2000 with his brother Michael in Sunnyvale, targeting the emerging unified threat management segment for mid-market and distributed businesses.

Fortinet shipped its first FortiGate appliances in 2002 and grew quickly through channel sales. A legal battle with Trend Micro over antivirus patents delayed its IPO, which finally priced in November 2009 on NASDAQ under the ticker FTNT. The company used the listing to scale from a mid-market firewall vendor into a broad security platform.

Through the 2010s Fortinet expanded methodically. It added secure SD-WAN to FortiGate, built wireless, switching, and endpoint products around FortiOS, and moved into cloud security and security operations. Revenue passed $1 billion in 2014, $2 billion in 2018, and $4 billion in 2023 as firewall refresh cycles and Secure SD-WAN demand compounded.

The 2020s strategy converged networking and security into one stack, betting that enterprises would consolidate vendors. Fortinet pushed hard into Unified SASE and SecOps, and by fiscal 2025 Unified SASE and SecOps billings grew 24 percent year over year. Fiscal 2025 produced record results: revenue of $6.80 billion, up 14 percent, free cash flow of $2.21 billion, and a sixth consecutive year exceeding the Rule of 45. A 2026 partnership with NVIDIA embedded FortiGate virtual appliances into AI factory infrastructure, extending the platform into AI data centers.

Fortinet appears on the Fortune 500 and is a member of both the NASDAQ-100 and S&P 500. Gartner has placed it in the Leaders quadrant for network firewalls and SD-WAN for consecutive years, and it holds the top position in Gartner's enterprise wired and wireless LAN infrastructure coverage among security-integrated vendors. Its FortiGuard Labs research is regularly cited in industry threat reporting, and the company holds more than 1,400 patents globally.

Fortinet's public record is comparatively clean for a security vendor. Its patent litigation with Trend Micro in the 2000s, which settled in 2008, was the notable legal episode of its early history. More recently, a 2024 report by US officials alleged Chinese state actors exploited FortiGate vulnerabilities in espionage campaigns, and researchers have criticized the company's disclosure timing on patched flaws. Fortinet responded with coordinated advisories and has faced no major fines or regulatory penalties of record.