Fortinet has announced it has been named to the Nasdaq-100 Index. Fortinet joins the distinguished Index in conjunction with the annual reconstitution of the Nasdaq-100 Index.
The inclusion becomes effective prior to market open on Monday, December 20, 2021. Shares of Fortinet will be included in the NASDAQ-100 Index Tracking Stock.
The Nasdaq-100 Index is one of the world’s preeminent large-cap growth indexes. It includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization. With category-defining companies on the forefront of innovation, including Fortinet, the Nasdaq-100 Index® defines today’s modern day industrials.
Ken Xie, Founder, Chairman of the Board and CEO at Fortinet, says, “Fortinet has led the evolution of cybersecurity innovation over the past two decades and is leading the next-generation of security solutions. The network security market is rapidly expanding from the data center out to the work-from-anywhere edge and to the cloud. We expect our innovative ASIC-supported security fabric platform and converged Security-driven networking approach to uniquely position Fortinet for long-term growth. Taking our place on the Nasdaq-100 Index amongst other category-defining companies is another proofpoint of Fortinet’s successes and future growth opportunities.”