Is Fortinet Stock Underperforming the Nasdaq?

With a market cap of $44.5 billion, Fortinet, Inc. (FTNT) specializes in network security appliances and Unified Threat Management solutions for enterprises, service providers, and government entities worldwide. Based in Sunnyvale, California, the company integrates multiple security layers to protect against diverse IT threats while optimizing network performance.

Companies valued at $10 billion or more are generally considered “large-cap” stocks, and Fortinet fits this criterion perfectly. Fortinet is renowned for pioneering integrated cybersecurity solutions and is particularly known for its flagship FortiGate firewall product line.