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The Future 50

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challengers

22

Fortinet

FTNT

When Philip Quade, a former National Security Agency cyber task force senior exec, joined cybersecurity firm Fortinet as its first chief information security officer last year, it was yet another indicator that companies are muscling up in the cyberwars. Fortinet’s customers include the Nasdaq stock exchange, Panasonic, and the Boston Red Sox. Future growth may be driven by Fortigate, the company’s next-generation group of physical and cloud security solutions. The new tech positions Fortinet well in the global cybersecurity market, which researcher Market and Markets says will grow from $122.5 billion in 2016 to $202.4 billion in 2021.

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Overall Score

2.6

Sector

Technology

Industry

Network and Other Communications Equipment

CEO

Ken Xie

Employees

4,665

HQ Location

Sunnyvale, Calif.

Revenues ($M) (Past 12 Months)

$1,384

Profits ($M) (Past 12 Months)

$65

Market Value as of Oct. 9, 2017 ($M)

$6,817

Revenue and net income for 12 months ended June 30, 2017. Source: S&P Global.

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