What if you invested $1000 in FTNT on Jan 1, 2020?
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Historical Annual Returns
Over the past 17 years, Fortinet Inc. has delivered an average annual return of 32.4%. The stock peaked in 2021 with a massive +146.9% gain, while investors faced a downturn in 2022 (-26.6%). Overall, the stock finished in the green 13 times out of 17 years.
Avg Return
+32.4%
Win Rate
76%
13W - 4L
Best
+146.9%
2021
Worst
-26.6%
2022
Performance Consistency
About Fortinet Inc.
Visit Website ↗Fortinet Inc. is a global leader in broad, integrated, and automated cybersecurity solutions. The company provides a comprehensive portfolio of security products and services, including firewalls, intrusion prevention systems, endpoint security, and security management solutions. Fortinet's security fabric approach enables organizations to achieve seamless protection across their entire digital attack surface, from the network core to the cloud and endpoints. It serves enterprises, service providers, and government organizations worldwide.
Key Business Segments
Product
Includes sales of network security appliances (FortiGate firewalls), access points, and other hardware products.
Service
Comprises subscriptions for security services (threat intelligence, advanced malware protection), technical support, and professional services.
Key Innovations
- ✓Pioneered the concept of a Security Fabric, integrating various security technologies into a unified platform for comprehensive protection.
- ✓Continuously develops advanced threat intelligence and artificial intelligence capabilities to detect and mitigate evolving cyber threats in real-time.
Historical Milestones
Fortinet Inc. is founded by brothers Ken Xie and Michael Xie.
Launches its flagship FortiGate firewall, combining multiple security functions into a single appliance.
Goes public on the Nasdaq Stock Market.
Introduces its Security Fabric architecture, emphasizing integrated and automated cybersecurity solutions.