With an impressive market cap of $45.6 billion, Fortinet Incorporated (FTNT) leads the charge in cutting-edge networking and security solutions. From robust firewalls to seamless wireless LAN, their innovations protect businesses worldwide. Headquartered in Sunnyvale, California, Fortinet serves enterprises and small businesses, delivering unparalleled support and training.
Shares of Fortinet have underperformed the broader market considerably over the past year. FTNT has declined 11.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.7%. In 2024, Fortinet stock rose 2.7%, while the SPX is up 9.5% on a YTD basis.
