The company faces competition from entities with broader product offerings and established relationships, which may discourage customers from purchasing its products.  **[0001262039-24-000014_ftnt-20231231.htm:12]** 

Check Point Software Technologies Ltd

Some competitors have significantly better brand recognition and broader product lines, allowing them to withstand market downturns better.  **[0001262039-24-000014_ftnt-20231231.htm:12]** 

Cisco Systems Inc

Certain competitors focus on delivering security services from the cloud, which may disrupt traditional markets and increase competition.  **[0001262039-24-000014_ftnt-20231231.htm:35]** 

CrowdStrike Holdings Inc

The company competes with others that may introduce products with superior performance or lower costs, potentially impacting market share.  **[0001262039-24-000014_ftnt-20231231.htm:12]** 

F5 Inc

Larger competitors often have broader product lines and market focus, making them less susceptible to downturns in specific markets.  **[0001262039-24-000014_ftnt-20231231.htm:12]** 

Juniper Networks Inc

The company competes with entities that may bundle products and services, potentially impacting standalone product sales.  **[0001262039-24-000014_ftnt-20231231.htm:35]** 

Palo Alto Networks Inc

Certain competitors focus on cloud-based security services, which may challenge traditional product offerings.  **[0001262039-24-000014_ftnt-20231231.htm:35]** 

Keith Jensen

Also at Fortinet Inc

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