Fortinet, Inc. (FTNT)

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Address

909 KIFER ROAD

SUNNYVALE, CA 94086

Founded

2000

Number of Employees

13,568

Website

http://www.fortinet.com

Buyback

Buyback Data	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
$ Amount Purchased ($ in 000s)	$10,715	$59,994	$110,819	$446,308	$209,063	$56,255	-	-	-	-	-	$148,859
Average Price	$5.01	$6.82	$5.75	$7.97	$10.88	$14.44	-	-	-	-	-	$8.17
# Shares Purchased	2,137,820	8,793,105	19,270,825	56,023,700	19,209,810	3,896,196	-	-	-	-	-	18,221,909

Buyback Performance	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
Total Return to Date	1,416.4%	1,013.9%	1,221.6%	854.0%	598.3%	426.4%	-	-	-	-	-	830.3%
S&P 500 Return to Date	183.0%	174.1%	169.7%	130.6%	105.7%	93.9%	-	-	-	-	-	142.8%
Excess Total Return	1,233.4%	839.9%	1,051.9%	723.4%	492.6%	332.5%	-	-	-	-	-	687.5%
Quartile Rank
Percentile Rank	98%	97%	98%	99%	97%	96%	-	-	-	-	-	99%

Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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NEUKOM WILLIAM H.

Fortinet, Inc.