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Fortinet, Inc. (FTNT)

156.29 -0.07 (-0.04%)
At close: September 4 at 4:00:00 PM EDT
156.00 -0.29 (-0.19%)
After hours: September 4 at 7:58:16 PM EDT
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What's happening with FTNT?

39m ago
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Fortinet continues to draw attention with strong revenue growth and strategic partnerships, while raising its guidance for 2026. However, concerns about its high valuation persist amid robust market performance.

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  • Previous Close 156.36
  • Open 154.00
  • Bid 149.47 x 100
  • Ask 166.38 x 100
  • Day's Range 154.00 - 158.47
  • 52 Week Range 73.55 - 173.89
  • Volume 3,045,143
  • Avg. Volume 5,533,311
  • Market Cap (intraday) 114.672B
  • Beta (5Y Monthly) 1.06
  • PE Ratio (TTM) 55.23
  • EPS (TTM) 2.83
  • Earnings Date (est.) Nov 4, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 162.29

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

www.fortinet.com

15,472

Full Time Employees

December 31

Fiscal Year Ends

Technology

Sector

Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

FTNT
96.81%
S&P 500 (^GSPC)
12.75%

1-Year Return

FTNT
104.46%
S&P 500 (^GSPC)
18.71%

3-Year Return

FTNT
156.76%
S&P 500 (^GSPC)
70.93%

5-Year Return

FTNT
144.06%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 2.05B
Earnings 606.3M
Profit Margin 29.61%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
500M
1B
2B
2B
27.0%
28.0%
29.0%

Analyst Insights

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Top Analyst

TD Cowen
72/100
Latest Rating
Buy

Analyst Price Targets

102.00 Low
162.29 Average
156.29 Current
220.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 7/31/2026
Analyst Susquehanna
Rating Action Maintains
Rating Neutral
Price Action Raises
Price Target 115 -> 160

Statistics

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Valuation Measures

Annual
As of 9/3/2026
  • Market Cap

    114.72B

  • Enterprise Value

    111.15B

  • Trailing P/E

    55.25

  • Forward P/E

    40.32

  • PEG Ratio (5yr expected)

    1.71

  • Price/Sales (ttm)

    15.53

  • Price/Book (mrq)

    73.96

  • Enterprise Value/Revenue

    14.77

  • Enterprise Value/EBITDA

    39.70

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    28.17%

  • Return on Assets (ttm)

    14.17%

  • Return on Equity (ttm)

    117.44%

  • Revenue (ttm)

    7.53B

  • Net Income Avi to Common (ttm)

    2.12B

  • Diluted EPS (ttm)

    2.83

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    4.07B

  • Total Debt/Equity (mrq)

    36.19%

  • Levered Free Cash Flow (ttm)

    2.27B

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Company Insights

Fair Value

156.29 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports

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  • Raising target price to $180.00

    FORTINET INC has an Investment Rating of BUY; a target price of $180.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $171.00

    FORTINET INC has an Investment Rating of BUY; a target price of $171.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $176.00

    FORTINET INC has an Investment Rating of BUY; a target price of $176.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target
  • Lowering target price to $180.00

    FORTINET INC has an Investment Rating of BUY; a target price of $180.000000; an Industry Subrating of High; a Management Subrating of High; a Safety Subrating of High; a Financial Strength Subrating of High; a Growth Subrating of High; and a Value Subrating of High.

    Rating
    Price Target

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