Fortinet, Inc.

Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California, U.S.. Founded in 2000 by brothers Ken and Michael Xie, the company's core business involves developing and selling a broad range of security products, including firewalls, endpoint security, and intrusion detection systems. Fortinet's mission is to secure the digital future by delivering integrated, high-performance cybersecurity solutions that protect against complex threats, simplify IT infrastructure, and reduce overall costs, aiming to make a digital world that organizations can always trust by securing people, devices, and data everywhere.

The company offers a comprehensive portfolio of products and services, notably the Fortinet Security Fabric, which integrates various security technologies. Key offerings include FortiGate Next-Generation Firewalls (NGFW), FortiSwitch, FortiAP, FortiWeb, FortiSIEM, FortiSandbox, FortiClient, FortiManager, FortiAnalyzer, FortiEDR, FortiMail, and FortiSOAR. These solutions provide next-generation firewalls, antivirus, intrusion prevention, antispyware, antispam, VPN, wireless security, application control, web filtering, and security information and event management. Fortinet serves a diverse customer base, including large enterprises, mid-market businesses, small and medium-sized businesses (SMBs), service providers, and government entities, with significant adoption in sectors such as finance, healthcare, government, and retail.

Led by Founder, Chairman, and CEO Ken Xie, Fortinet is a publicly traded company listed on NASDAQ and is a component of both the Nasdaq-100 and S&P 500 indices. In recent news, Fortinet received the 2026 Google Cloud Partner of the Year Award for Workload Security in April 2026. The company also released its 2026 Global Threat Landscape Report, which highlighted a significant surge in AI-enabled cybercrime and a 389% year-over-year increase in ransomware victims in 2025. Furthermore, Fortinet introduced FortiOS 8.0 and advanced its SecOps platform with unified SOC, agentic AI, and expanded endpoint security capabilities in March 2026. Fortinet's market positioning emphasizes its role as a global leader in cybersecurity, providing integrated and automated solutions to protect the entire digital attack surface.

Latest updates

Fortinet Deepens Ties with WEF as Cybercrime Collaboration Intensifies

Event summary

  • Fortinet will participate in the World Economic Forum Annual Meeting on Cybersecurity 2026, held May 4–6 in Geneva.
  • The meeting focuses on strengthening cooperation, intelligence sharing, and coordinated strategies to address systemic cyber risk.
  • Fortinet is a founding partner of the World Economic Forum Centre for Cybersecurity and involved in initiatives like the Partnership Against Cybercrime and the Cybersecurity Learning Hub.
  • Fortinet contributes to the Cybercrime Atlas, a platform connecting private sector, law enforcement, and academic experts to disrupt cybercriminal operations.

The big picture

Fortinet’s continued involvement with the World Economic Forum underscores the growing recognition that cybersecurity is a shared global challenge requiring collaboration between governments, international organizations, and the private sector. This shift reflects a move away from siloed defenses towards a more coordinated and proactive approach to combating increasingly sophisticated cyber threats, particularly as AI amplifies both attack and defense capabilities. Fortinet’s participation signals its commitment to playing a central role in this evolving landscape.

What we're watching

Governance Dynamics
The effectiveness of the Cybercrime Atlas will depend on the ability of diverse stakeholders – law enforcement, private companies, and academia – to share sensitive information and coordinate action, a challenge given differing legal frameworks and operational priorities.
AI Impact
Fortinet’s ability to adapt its defenses to the accelerating use of AI by attackers will be a key determinant of its competitive advantage and its ability to maintain its position as a cybersecurity leader.
Operational Execution
The shift towards 'coordinated, cross-border action' requires Fortinet to move beyond threat intelligence and actively participate in joint operations, potentially exposing it to new legal and logistical complexities.

Cybersecurity Talent Gap Stalls Investment, Threatens Resilience

Event summary

  • Fortinet's 2026 Global Cybersecurity Skills Gap Report reveals a persistent shortage of cybersecurity talent, hindering organizational resilience.
  • 86% of organizations experienced at least one breach in the past year, with the average breach costing $2 million in North America.
  • 49% of IT leaders struggle to secure approval for additional cybersecurity talent despite 50% facing penalties after cyberattacks.
  • Organizations are increasing investment in cybersecurity certifications, with 92% willing to pay for employee training, up from 73% in 2025.
  • 63% of respondents anticipate a need for AI oversight and governance roles within cybersecurity teams over the next three years.

The big picture

Fortinet's report highlights a critical vulnerability within the global cybersecurity landscape: a widening skills gap that is directly impacting organizational resilience and financial stability. The increasing cost of breaches, coupled with the difficulty in securing talent and the emerging risks associated with AI adoption, suggests that cybersecurity is no longer solely a technical concern but a core business risk requiring board-level attention and strategic investment. The report underscores the need for a more proactive and holistic approach to cybersecurity, blending technology, processes, and, crucially, skilled personnel.

What we're watching

Governance Dynamics
The disconnect between board awareness of AI-related cybersecurity risks and the practical implementation of mitigation strategies will likely intensify pressure on CISOs and IT leadership.
Talent Acquisition
The increased willingness to pay for certifications suggests a shift towards more formalized and potentially expensive talent acquisition strategies, which may exacerbate existing budget constraints.
AI Integration
The demand for AI oversight roles will likely outpace the supply of qualified candidates, forcing organizations to prioritize internal training and potentially delaying broader AI adoption.
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