Fortinet, Inc. reported the results of its 2026 Annual Meeting of Stockholders, held on June 12, 2026, where investors voted on director elections, the company’s outside auditor, and executive compensation. Holders of 645,371,440 shares of common stock were present in person or by proxy, representing approximately 88.15% of the shares eligible to vote. Stockholders elected all nine nominees to Fortinet’s board of directors for one-year terms expiring at the 2027 Annual Meeting, with each director to serve until a successor is elected and qualified. The voting results showed broad support for most nominees, though several directors received notable opposition. Ken Xie received 529,845,773 votes for and 42,170,335 against; Michael Xie received 567,230,046 for and 4,786,062 against; Kenneth A. Goldman received 483,789,941 for and 88,226,167 against; Ming Hsieh received 501,896,064 for and 70,120,044 against; Jean Hu received 571,412,763 for and 603,345 against; Janet Napolitano received.
Stock detail
Fortinet (FTNT) stock price, chart, and key data
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Stock detail
Fortinet
FTNT · XNAS
-$5.97 (-3.80%) past day
$151.33
Pre-market $155.32 (+2.64%)
Key metrics
Financials
Quarterly revenue, profitability, and balance-sheet snapshot
Operating income & Operating cash flow
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Total assets & Total liabilities
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Total equity & Shares outstanding
Quarterly revenue, profitability, and balance-sheet snapshot
Day range
$152.90 - $163.43
52-week range
$70.12 - $170.35
Close price
$158.10
Market cap
$117.5B
P/E ratio
58.66
Beta
1.09
Financials
FY2026 Q1Operating income
$579M
Operating cash flow
$1B
EPS
0.72
Shares outstanding
732.6M
Total assets
$10B
Total equity
$990M
Total liabilities
$9B
About the company
Fortinet, Inc.
Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK. Founded in 2000 by brothers Ken Xie and Michael Xie, the company's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox and messaging security. The company went public in November 2009.
Analyst rating summary
A current read on analyst sentiment from the insight feed.
Mean target
$132
22
Hold
/ 33
Recent calls
07/22/2026
BMO Capital
Keith Bachman
Hold · Price target $170
07/22/2026
Citi
Fatima Boolani
Hold · Price target $165
07/21/2026
William Blair
Jonathan Ho
Hold
Ticker holders
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Holder directory
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#1Ro Khanna
democrat · House · CA-17
- Buy$1,000 / $8,000 / $15,000
- Sell$1,000 / $8,000 / $15,000
- Sell$1,001 / $8,001 / $15,000
#2Alan Armstrong
- Buy$1,001 / $8,001 / $15,000
#3Gilbert Cisneros
democrat · House · CA-31
- Buy$1,001 / $8,001 / $15,000
#4Tony Wied
republican · House · WI-8
#5Diana Harshbarger
republican · House · TN-1
#6Byron Donalds
republican · House · FL-19
- Buy$1,001 / $8,001 / $15,000
#7Byron Donalds
republican · House · FL-19
- Buy$1,001 / $8,001 / $15,000
#8Rob Bresnahan
republican · House · PA-8
#9Julie Johnson
democrat · House · TX-32
#10Donald J Trump
republican · Executive
#11Lisa McClain
republican · House · MI-9
- Sell$1,001 / $8,001 / $15,000
- Sell$1,001 / $8,001 / $15,000
- Buy$1,001 / $8,001 / $15,000
#12Dan Newhouse
republican · House · WA-4
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