13 Best Cybersecurity Stocks to Buy According to Billionaires

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2. Fortinet Inc. (NASDAQ:FTNT)

Number of billionaire investors: 14

Dollar value of holdings: $2,115,290,092

Fortinet Inc. (NASDAQ:FTNT) offers an integrated security platform through its Fortinet Security Fabric, which spans networking, Secure Access Service Edge (SASE), and AI-driven security operations.

Fortinet Inc. (NASDAQ:FTNT) has upgraded FortiAnalyzer into an AI-powered SecOps platform. This enables faster threat detection, automated incident response, and centralized security visibility for resource-constrained teams. The enhancements include AI-driven threat intelligence from FortiGuard Labs, expanded automation, and embedded GenAI assistance, streamlining security operations across hybrid environments. With seamless integration into the Fortinet Security Fabric, FortiAnalyzer reinforces FTNT’s leadership in next-gen cybersecurity automation.

Fortinet Inc. (NASDAQ:FTNT) delivered a solid financial performance in 2024, with revenue rising 12.3% to $5.96 billion, driven by strong service revenue growth of 19.8% to $4.05 billion. GAAP operating income surged 45% to $1.80 billion, while GAAP net income climbed 52% to $1.75 billion, reflecting improved operational efficiency. The company generated $2.26 billion in operating cash flow and $1.88 billion in free cash flow compared to $1.73 billion in 2023, strengthening its financial position.

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