FTNT

Fortinet, Inc. NASDAQ

Technology ·Software - Infrastructure ·US · fortinet.com

$86.29

Mkt Cap $64.5B

52w Low $70.12 41.2% of range 52w High $109.33

50d MA $81.75 200d MA $83.31

P/E (TTM) 35.4x

EV/EBITDA 23.3x

P/B 51.8x

Debt/Equity 0.8x

ROE 149.8%

P/FCF 26.5x

RSI (14) —

ATR (14) —

Beta 1.00

50d MA $81.75

200d MA $83.31

Avg Volume 6.6M

About

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide are… Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Recent Earnings

Date	Time	Est	Rptd	Surp	Base	Gap%	D1%	D2%	D3%	D4%	D5%	1M%	Guide ▲★
Feb 5, 2026	AMC	0.74	0.81	+9.0%	78.93	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%	+6.2%	—
Nov 5, 2025	AMC	0.63	0.74	+17.3%	85.99	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%	+1.1%	—
Aug 6, 2025	AMC	0.59	0.64	+8.5%	96.58	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%	-18.4%	—
May 7, 2025	AMC	0.53	0.58	+9.2%	106.72	-8.5%	-8.4%	-8.7%	-4.4%	-1.6%	-3.3%	-1.7%	—
Feb 6, 2025	AMC	0.60	0.74	+23.3%	104.72	+4.6%	+2.8%	+4.6%	+3.4%	+2.8%	+5.0%	-8.3%	—
Nov 7, 2024	AMC	0.52	0.63	+21.2%	83.68	+1.0%	+10.0%	+16.1%	+18.5%	+17.0%	+12.9%	+16.0%	—
Aug 6, 2024	AMC	0.41	0.57	+39.0%	55.81	+17.7%	+25.3%	+23.1%	+24.9%	+26.1%	+28.1%	+35.8%	—
May 2, 2024	AMC	0.38	0.43	+13.2%	65.20	-5.1%	-9.7%	-9.8%	-8.8%	-8.5%	-10.9%	-9.8%	—
Feb 6, 2024	AMC	0.43	0.51	+18.6%	67.48	+9.4%	+3.8%	+0.5%	+4.4%	+4.1%	+2.8%	+8.3%	—
Nov 2, 2023	AMC	0.36	0.41	+13.9%	57.59	-22.7%	-12.3%	-13.0%	-14.0%	-12.8%	-13.8%	-9.3%	—
Aug 3, 2023	AMC	0.34	0.38	+11.8%	75.76	-20.2%	-25.1%	-23.8%	-22.7%	-21.1%	-20.1%	-18.3%	—
May 4, 2023	AMC	0.29	0.34	+17.2%	61.18	-0.7%	+5.6%	+8.0%	+8.5%	+9.5%	+10.3%	+16.5%	—

Recent Analyst Ratings

Date	Firm	Action	Grade	Target	Base	Open	Gap%	D1%	D2%	D3%	D4%	D5%
May 4	BMO Capital Markets	Reiterates	Market Perform	$100	—	—	—	—	—	—	—	—
Apr 27	Arete	Upgrade	Neutral → Buy	$104	$84.34	$84.10	-0.3%	+1.6%	+1.6%	+2.1%	-0.0%	+2.3%
Apr 21	Cantor Fitzgerald	Maintains	Neutral → Neutral	—	$82.60	$82.23	-0.4%	+3.2%	+5.4%	+0.2%	+2.1%	+3.7%
Apr 14	Mizuho	Maintains	Underperform → Underperform	—	$78.74	$79.06	+0.4%	-0.1%	+1.1%	+4.6%	+3.9%	+4.9%
Feb 17	Freedom Broker	Downgrade	Buy → Hold	—	$85.56	$85.17	-0.5%	-4.5%	-5.7%	-4.5%	-6.5%	-11.6%
Feb 9	Citigroup	Maintains	Neutral → Neutral	—	$82.76	$82.27	-0.6%	+3.8%	+3.3%	+6.1%	+1.8%	+3.4%
Feb 9	BMO Capital	Maintains	Market Perform → Market Perform	—	$82.76	$82.27	-0.6%	+3.8%	+3.3%	+6.1%	+1.8%	+3.4%
Feb 6	RBC Capital	Maintains	Sector Perform → Sector Perform	—	$78.93	$81.80	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%
Feb 6	Rosenblatt	Maintains	Buy → Buy	—	$78.93	$81.80	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%
Feb 6	Wedbush	Maintains	Outperform → Outperform	—	$78.93	$81.80	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%
Feb 6	JP Morgan	Maintains	Underweight → Underweight	—	$78.93	$81.80	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%
Feb 6	Mizuho	Maintains	Underperform → Underperform	—	$78.93	$81.80	+3.6%	+4.9%	+8.9%	+8.4%	+11.3%	+6.8%
Feb 2	Scotiabank	Downgrade	Sector Outperform → Sector Perform	—	$81.26	$80.86	-0.5%	+0.0%	-2.4%	-0.2%	-2.9%	+1.8%
Jan 30	JP Morgan	Maintains	Underweight → Underweight	—	$81.51	$80.64	-1.1%	-0.3%	-0.3%	-2.7%	-0.5%	-3.2%
Jan 29	Rosenblatt	Upgrade	Neutral → Buy	—	$82.08	$81.50	-0.7%	-0.7%	-1.0%	-1.0%	-3.4%	-1.2%
Jan 23	TD Cowen	Upgrade	Hold → Buy	—	$77.62	$83.50	+7.6%	+5.2%	+7.0%	+5.3%	+5.7%	+5.0%
Jan 13	Citigroup	Maintains	Neutral → Neutral	—	$78.66	$78.70	+0.1%	-0.4%	-2.9%	-3.0%	-4.2%	-4.1%
Jan 5	Piper Sandler	Maintains	Neutral → Neutral	—	$77.88	$78.51	+0.8%	+0.1%	+0.7%	+2.7%	+0.2%	+1.7%
Dec 18	Morgan Stanley	Maintains	Underweight → Underweight	—	$79.38	$80.54	+1.5%	+0.5%	+1.1%	+3.0%	+1.6%	+2.3%
Dec 17	JP Morgan	Downgrade	Neutral → Underweight	—	$82.47	$80.09	-2.9%	-3.7%	-3.3%	-2.7%	-0.9%	-2.2%
Nov 14	Freedom Broker	Maintains	Buy → Buy	—	$81.03	$80.14	-1.1%	+1.6%	+1.1%	-1.1%	-1.6%	-3.7%
Nov 6	JP Morgan	Maintains	Neutral → Neutral	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Barclays	Maintains	Equal Weight → Equal Weight	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Piper Sandler	Maintains	Neutral → Neutral	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Rosenblatt	Maintains	Neutral → Neutral	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Mizuho	Maintains	Underperform → Underperform	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	TD Cowen	Maintains	Hold → Hold	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	UBS	Maintains	Neutral → Neutral	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	RBC Capital	Maintains	Sector Perform → Sector Perform	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Baird	Maintains	Neutral → Neutral	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Nov 6	Jefferies	Maintains	Hold → Hold	—	$85.99	$76.05	-11.6%	-6.3%	-4.9%	-4.3%	-2.7%	-4.5%
Oct 20	BWG Global	Downgrade	Positive → Mixed	—	$83.44	$83.05	-0.5%	+1.7%	+1.6%	+1.5%	+1.8%	+2.5%
Sep 2	Morgan Stanley	Downgrade	Equal Weight → Underweight	—	$78.77	$75.24	-4.5%	-2.3%	-2.8%	-3.0%	+0.1%	+2.0%
Aug 18	Citigroup	Maintains	Neutral → Neutral	—	$79.11	$79.57	+0.6%	+2.1%	-1.3%	+0.6%	-1.7%	+1.2%
Aug 11	Susquehanna	Maintains	Neutral → Neutral	—	$74.39	$74.02	-0.5%	+0.2%	+5.5%	+6.6%	+3.8%	+6.3%
Aug 8	Evercore ISI	Maintains	In Line → In Line	—	$75.30	$76.11	+1.1%	-1.2%	-1.0%	+4.2%	+5.4%	+2.6%
Aug 7	Mizuho	Maintains	Underperform → Underperform	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	BMO Capital	Maintains	Market Perform → Market Perform	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	UBS	Maintains	Neutral → Neutral	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Wedbush	Maintains	Outperform → Outperform	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	RBC Capital	Maintains	Sector Perform → Sector Perform	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Barclays	Maintains	Equal Weight → Equal Weight	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Rosenblatt	Downgrade	Buy → Neutral	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Piper Sandler	Downgrade	Overweight → Neutral	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Truist	Maintains	Buy → Buy	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	JP Morgan	Maintains	Neutral → Neutral	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Morgan Stanley	Downgrade	Overweight → Equal Weight	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	KeyBanc Capital Markets	Downgrade	Overweight → Sector Weight	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Stifel	Maintains	Hold → Hold	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%
Aug 7	Scotiabank	Maintains	Sector Outperform → Sector Outperform	—	$96.58	$74.30	-23.1%	-22.0%	-23.0%	-22.8%	-18.8%	-17.9%

Recent Filings

8-K

Fortinet, Inc. -- 8-K Filing

Fortinet exceeded Q4 2025 guidance with strong billings driven by broad portfolio demand, signaling robust cybersecurity market traction and positive momentum entering 2026.

Feb 5

Data updated apr 25, 2026 10:17am · Source: massive.com