Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Fortinet
CEO: Ken Xie
Dec. 30, 2016: $30.12
March 31, 2017: $38.35
Change: +27.32%
Security technology vendor Fortinet had a turbulent 2016, undertaking an extensive reorganization of its U.S. enterprise sales operations. But ultimately the company managed solid growth in 2016, reporting in February that revenue for all of 2016 was $1.28 billion, up 26 percent from $1.01 billion in 2015.
In February Fortinet unveiled what it called the world's first terabit firewall appliance product.