Thursday, September 9, 2021

Fortinet: Understanding Fortinet stock performance in 2021 YTD | near 100% gains in 2021 YTD

 

  1. Fortinet

    Fortinet is an American multinational corporation headquartered in Sunnyvale, California. It develops and markets cybersecurity products and services, such as firewalls, anti-virus, intrusion prevention and endpoint security. Fortinet was founded in 2000 by brothers Ken Xie and Michael Xie. The company's first product was FortiGate, a firewall. The company later added wireless access points, sandboxing, and messaging security. By 2004, Fortinet had raised over $90 million in funding. The company went public in November 2009, raising $156 million through an initial public offering.In 2016, Fortinet released its Security Fabric architecture that included integration and automation with other network security devices and third-party vendors. The product was later adapted to include multi-cloud, IoT, and SD-WAN capabilities.

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