Fortinet Investor Relations Material
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Q2 2024
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Cybersecurity Providers
Fortinet is an American company that provides businesses and institutions with various cybersecurity solutions. Within the company’s offerings, one finds firewalls, endpoint protection, secure access service edge (SASE), and threat intelligence services. The company has multination operations with regional offices spread throughout the world, but the company headquarters is located in Sunnyvale, California. Fortinet’s shares are listed on the Nasdaq.
FortiGate
Fortinet was founded in 2000 by brothers Ken and Michael Xie. Drawing from their experience in the cybersecurity sector, they identified a market need for robust network security solutions. The founding idea was to offer multifaceted security systems capable of handling the increasingly sophisticated nature of cyber threats. With a strategic focus on integrated security platforms, they introduced their first product, the FortiGate firewall.
As internet use surged and cyber threats became more sophisticated, Fortinet expanded its offerings, steadily building a comprehensive suite of security products. Their approach was to provide an integrated system that could defend against a spectrum of cyber risks, a strategy that proved to be successful. Today, Fortinet is well-established and competes against companies such as Crowdstrike, Palo Alto Networks, and SentinelOne.
Firewalls, Clouds, and More
Fortinet provides a suite of cybersecurity solutions aimed at safeguarding organizational IT infrastructures. Their flagship products, FortiGate firewalls, are central to a network's security, regulating traffic and preventing unauthorized access. The company's portfolio extends to endpoint security, intrusion prevention systems, and secure gateways, all of which contribute to a multi-layered defense strategy. For cloud environments, Fortinet offers specialized security tools to protect data and applications in these increasingly prevalent platforms. Additionally, their Security Fabric architecture integrates these various products, enabling a more coordinated and efficient security posture.
Support and Training
Fortinet also supports its products with a range of services, including round-the-clock technical support, training programs, and tailored professional services. By offering this they ensure that their customers not only have robust equipment but that employees of its clients are well equipped to identify security threats.