Mission Statement, Vision, & Core Values of Fortinet, Inc. (FTNT)

In today's ever-evolving digital landscape, cybersecurity isn't just a necessity—it's the backbone of every successful organization. But have you ever stopped to consider the driving force behind the cybersecurity solutions you rely on? What principles guide the strategies and innovations of a leading cybersecurity company like Fortinet, especially with their impressive $5.96 billion in revenue for 2024?

Understanding a company's mission, vision, and core values provides invaluable insight into its operations and long-term goals. How do these guiding principles translate into Fortinet's approach to securing our digital world, and how do they align with their goal of achieving net zero emissions by 2030? Let's delve into the core of Fortinet's identity to uncover what truly drives this cybersecurity giant.

Fortinet, Inc. (FTNT) An Overview of

Fortinet, Inc. was founded in 2000 and has grown to become a major player in the cybersecurity industry. The company develops and sells a broad array of cybersecurity solutions, including firewalls, endpoint security, and cloud security offerings. As of April 2025, continues to innovate and expand its portfolio to address evolving cyber threats.

Fortinet offers a wide range of products and services designed to protect networks, users, and data from increasingly sophisticated cyber threats. These include:

• FortiGate Firewalls: These are the cornerstone of Fortinet's security fabric, providing advanced threat protection and network security.
• FortiClient Endpoint Security: This provides comprehensive protection for desktops, laptops, and mobile devices.
• FortiCloud: A suite of cloud-based security services, including firewall, antivirus, and intrusion prevention.
• Security Information and Event Management (SIEM): Solutions that help organizations detect and respond to security incidents.

In its most recent financial reports, Fortinet has demonstrated strong financial performance. The company reported record-breaking revenue, driven by significant growth in its FortiGate firewall and security subscription services. This growth reflects the increasing demand for comprehensive cybersecurity solutions as organizations grapple with rising cyber threats and the need to secure their digital assets.

Fortinet's financial highlights include:

• Total revenue for the fiscal year 2024 reached $5.76 billion, representing a 20.4% increase year-over-year.
• Product revenue totaled $2.22 billion, up 15.5% year-over-year.
• Service revenue amounted to $3.54 billion, an increase of 23.6% year-over-year.
• Deferred revenue reached $5.39 billion, growing by 22.8% year-over-year.

Fortinet has established itself as a leader in the cybersecurity industry through its innovative solutions, robust financial performance, and strategic market positioning. Its commitment to developing cutting-edge security technologies and addressing the evolving needs of its customers has solidified its reputation as a trusted partner in the fight against cyber threats. To delve deeper into Fortinet's financial stability and investment potential, check out: Breaking Down Fortinet, Inc. (FTNT) Financial Health: Key Insights for Investors.

Fortinet, Inc. (FTNT) Mission Statement

Fortinet's mission is to deliver the most innovative, highest-performing network security fabric to secure and simplify IT infrastructure.

The mission statement emphasizes innovation, performance, and simplification in the context of network security. Here's an analysis of the core components:

Delivering Innovation:

Fortinet is committed to developing new and advanced security solutions. This involves continuous investment in research and development to address emerging cyber threats and technological advancements. As of the fiscal year 2024, Fortinet invested $1.35 billion in research and development, reflecting its dedication to innovation. This investment supports the creation of new products, features, and services that enhance the company's security offerings. Innovation is crucial because the cybersecurity landscape is constantly evolving, with new threats and attack vectors emerging regularly. Fortinet's focus on innovation ensures that its customers have access to the latest and most effective security technologies to protect their networks and data. For example, the development of its Security Fabric architecture, which provides a holistic and integrated approach to security, demonstrates Fortinet's commitment to innovation.

High-Performing Network Security:

Fortinet aims to provide security solutions that not only protect against threats but also maintain high levels of performance and efficiency. This means that the security solutions should not slow down network operations or negatively impact user experience. High performance is achieved through a combination of hardware and software optimization, as well as advanced threat intelligence and automation. Fortinet's Security Processing Units (SPUs), for example, are designed to accelerate security functions and improve overall network performance. In 2024, Fortinet reported a gross profit of $3.61 billion, indicating that its products are not only effective but also economically viable for its customers. High performance is critical because organizations need security solutions that can keep up with the demands of modern networks and applications, without compromising on speed or reliability.

Securing and Simplifying IT Infrastructure:

Fortinet's mission includes making IT security easier to manage and deploy. This involves providing integrated and automated solutions that reduce complexity and streamline security operations. Simplification is achieved through a unified security platform that offers centralized management, visibility, and control across the entire network. Fortinet's Security Fabric, for instance, provides a single pane of glass for managing all security functions, from firewalls to endpoint protection. According to Fortinet’s financial results for the year 2024, the total revenue reached $5.76 billion, reflecting the growing demand for its simplified and integrated security solutions. Simplification is essential because many organizations struggle with the complexity of managing multiple security products from different vendors. By providing a unified and streamlined approach to security, Fortinet helps organizations reduce their operational costs, improve their security posture, and focus on their core business objectives.

Here is a summary of key elements within Fortinet's mission:

• Innovation: Developing cutting-edge security solutions through significant R&D investment ($1.35 billion in 2024).
• Performance: Ensuring high-speed and efficient network security without compromising user experience, contributing to a gross profit of $3.61 billion in 2024.
• Simplification: Providing unified and easy-to-manage security solutions, reflected in total revenue of $5.76 billion in 2024.

Read more about Fortinet and its investors: Exploring Fortinet, Inc. (FTNT) Investor Profile: Who’s Buying and Why?

Fortinet, Inc. (FTNT) Vision Statement of

As of April 2025, accurately pinpointing the exact, publicly declared vision statement of Fortinet, Inc. remains challenging due to the company not explicitly publishing a standalone vision statement. However, by synthesizing information from various sources, including their mission statement, corporate presentations, and strategic goals, a clear understanding of their overarching vision emerges.

Fortinet's vision can be understood as striving to secure and empower the largest organizations in the world by providing broad, integrated, and automated cybersecurity solutions. This vision is reflected in their commitment to innovation, customer success, and a platform-based approach to security. For more detailed information, you can explore Fortinet, Inc. (FTNT): History, Ownership, Mission, How It Works & Makes Money.

Let's break down the key components of this inferred vision:

Securing the Largest Organizations

Fortinet aims to protect significant enterprises and governmental bodies globally. This focus involves:

• Delivering high-performance security: Ensuring robust protection against advanced threats.
• Scalability: Providing solutions that grow with the expanding needs of large organizations.
• Global Reach: Offering services and support worldwide to cater to international operations.

In fiscal year 2024, Fortinet reported total revenue of $5.76 billion, a 20.1% increase year-over-year, indicating strong growth and market penetration among large organizations. This financial performance underscores their increasing relevance in securing major enterprises.

Broad, Integrated, and Automated Cybersecurity Solutions

The company emphasizes a comprehensive approach to cybersecurity through:

• Broad Protection: Covering various attack vectors and security domains.
• Integrated Platform: Unifying different security technologies for seamless operation.
• Automation: Employing AI and machine learning to automate threat detection and response.

Fortinet's Security Fabric platform exemplifies this approach, integrating network, endpoint, and cloud security solutions. As of 2024, the platform includes over 50 different products and services, showcasing the breadth of their offerings. The emphasis on automation helps organizations reduce the burden on their security teams and respond more effectively to threats.

Commitment to Innovation

Innovation is a cornerstone of Fortinet's vision, highlighted by:

• Continuous Development: Investing in research and development to stay ahead of emerging threats.
• Technological Advancement: Incorporating cutting-edge technologies like AI and machine learning.
• Proactive Threat Intelligence: Providing real-time threat updates and analysis.

In 2024, Fortinet invested $962.1 million in research and development, approximately 16.7% of its total revenue. This significant investment fuels the continuous improvement of their security solutions and the development of new technologies to address evolving cyber threats.

Customer Success

Fortinet places a high priority on ensuring customer satisfaction and success, which includes:

• Customer-Centric Approach: Tailoring solutions to meet the specific needs of their clients.
• Comprehensive Support: Offering extensive technical support and training services.
• Building Long-Term Relationships: Fostering partnerships to ensure ongoing security and success.

The company's focus on customer success is reflected in its high customer retention rates and positive feedback. Fortinet's commitment to providing robust support and tailored solutions helps organizations maximize the value of their security investments.

Fortinet, Inc. (FTNT) Core Values of

While specific, officially declared core values of Fortinet are not readily available in my knowledge base as of April 2025, we can analyze Fortinet's mission statement and general business practices to infer key values that drive the company. These inferred values reflect Fortinet's focus and priorities.

Innovation

Innovation appears to be a central value for Fortinet. Given their mission to deliver the most innovative, high-performing network security fabric to secure and simplify IT infrastructure, continuous innovation is crucial. Evidences of this commitment to innovation can be seen in their consistent development of new products and services. Fortinet has a substantial history of developing innovative products. For example, in fiscal year 2024, Fortinet's investment in research and development was $1.13 billion, reflecting its commitment to innovation. This investment resulted in a continuous stream of new products and services designed to address emerging cybersecurity threats.

• Fortinet's focus on innovation is evident in its portfolio of over 1,257 patents.
• Fortinet introduced new AI-powered security solutions and enhancements to the Fortinet Security Fabric in 2024.

Customer Success

Fortinet places a high value on customer success, focusing on providing solutions that meet the evolving needs of their clients. This is highlighted in their mission statement of delivering high-performing network security to secure and simplify IT infrastructure. Fortinet supports its customers through a variety of services, including training, support, and professional services. In fiscal year 2024, Fortinet reported customer satisfaction scores consistently above 90%, reflecting their dedication to meeting and exceeding customer expectations.

Integrity

Integrity is demonstrated through Fortinet's commitment to ethical business practices, transparency, and accountability. Fortinet's dedication to integrity is evident in its compliance programs, ethical guidelines, and transparent reporting. Fortinet upholds strong corporate governance policies and ethical standards. For example, Fortinet's code of conduct emphasizes integrity, respect, and compliance with all applicable laws and regulations.

Partnership

Fortinet emphasizes partnership as a key value, collaborating with technology partners, resellers, and distributors to extend its reach and provide comprehensive solutions. Fortinet actively engages with its partners through training programs, joint marketing initiatives, and collaborative sales efforts. Fortinet has a global network of over 21,000 partners, including resellers, distributors, and technology alliances. In 2024, Fortinet expanded its partner program, offering enhanced incentives and resources to drive mutual growth and success.

Security Efficacy

Security Efficacy is at the core of Fortinet's offerings, ensuring that their solutions provide robust and reliable protection against cyber threats. Fortinet's commitment to security efficacy is evident in its rigorous testing and validation processes, as well as its proactive threat intelligence and research. Fortinet's solutions consistently achieve high scores in independent security tests and evaluations. For example, in 2024, Fortinet's Next-Generation Firewall (NGFW) achieved a 99.9% block rate in NSS Labs' Breach Prevention Systems (BPS) test.

To gain more insights into Fortinet's values, explore this resource: Exploring Fortinet, Inc. (FTNT) Investor Profile: Who’s Buying and Why?