Fortinet (FTNT) Investor presentation summary

Market leadership and scale

• Holds #1 position in innovation and global firewall shipments, with over 50% market share and 900,000+ lifetime customers.

• Recognized in 140+ analyst reports, including leadership in Gartner Magic Quadrants and Forrester Waves.

• Trusted by 85% of Fortune 100 and major critical infrastructure providers.

• Operates with 15,000+ employees and 110,000+ partners worldwide.

• Listed on NASDAQ 100 and S&P 500.

Technology and innovation

• Proprietary FortiASIC accelerates security functions, supporting 2x more applications per generation.

• FortiOS powers over 30 networking and security functions, enabling vendor consolidation and lower TCO.

• AI-driven security operations and unified SASE platform with 500+ patents.

• Quantum-safe solutions available, supporting gradual migration to quantum security standards.

• Global cloud infrastructure spans ~200 locations, offering high availability and cost savings.

Market opportunity and growth

• Addressable market projected at $300B+ by 2029, with double-digit CAGRs across segments.

• Each business pillar (Secure Networking, Unified SASE, AI-driven Security Ops) growing faster than market rates.

• Billings mix shifting toward faster-growing Unified SASE and Security Operations pillars.

• Expanding upmarket with 14% CAGR in deals over $1M and 39% YoY growth.

• Durable growth drivers include expanding attack surfaces, convergence of networking and security, and rising security budgets.