Fortinet Inc (FTNT)

Currency in USD
134.40
-39.68(-22.79%)
Real-time Data·
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Fair Value
Day's Range
127.40139.44
52 wk Range
73.55197.13
Key Statistics
Prev. Close
174.08
Open
127.8
Day's Range
127.4-139.44
52 wk Range
73.55-197.13
Volume
8.37M
Average Volume (3m)
4.45M
1-Year Change
59.6295%
Book Value / Share
2.12
Fair Value
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Fair Value Upside
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FTNT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
169.45
Upside
+26.08%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high earnings multiple

Fortinet Inc News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Technical Indicators
Sell
Moving Averages
Strong Sell

Analyst Ratings

8 Buy
30 Hold
6 Sell
Ratings:
44 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 169.45
(+26.08% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Bernstein SocGen Group
Hold136.00+1.64%145.00Maintain29/10/2026
BMO Capital
Hold145.00+8.36%185.00Maintain29/10/2026
RBC Capital
Hold165.00+23.31%205.00Maintain29/10/2026
Piper Sandler
Hold140.00+4.63%175.00Maintain29/10/2026
Scotiabank
Hold140.00+4.63%163.00Maintain29/10/2026

Fortinet Inc SWOT Analysis


Cybersecurity Giant
Fortinet's strong financial health and impressive growth trajectory in the cybersecurity market, with a focus on core FortiGate products and expanding SASE and SecOps offerings
Market Positioning
Explore Fortinet's competitive edge through custom ASIC technology and integrated solutions, despite facing challenges from potential US tariffs on Taiwan-based manufacturing
Growth Opportunities
Delve into Fortinet's anticipated revenue boost from the upcoming refresh cycle, with projections of 4-5% additional top-line growth in the second half of 2025 and beyond
Analyst Perspectives
Analyst price targets for Fortinet range from $85 to $135, reflecting mixed views on the company's ability to navigate market challenges and capitalize on growth opportunities
Read full SWOT analysis

Fortinet Inc Earnings Call Summary for Q3/2026

  • Fortinet Q3 2026 beat estimates with $0.91 EPS vs. $0.86 expected and $2.08B revenue, but shares plunged 25.51% after-hours on growth mix concerns.
  • Billings surged 29% YoY to $2.34B; product revenue jumped 37% to $765M while service revenue rose only 13% to $1.31B, raising timing concerns.
  • Non-GAAP operating margin hit Q3 record of 38.2%; free cash flow climbed 52% to $865M with YTD FCF up 74% to $2.84B on strong profitability.
  • Management raised FY 2026 guidance for third time: billings $9.57B-$9.72B, revenue $8.13B-$8.22B, EPS $3.54-$3.58; Q4 revenue $2.16B-$2.25B expected.
  • CFO attributed slower service growth to timing issues from large enterprise deals; expects service revenue acceleration in 2027 as deferred revenue converts.
Last Updated: 29/10/2026, 08:50 am
Read Full Transcript

Earnings

Latest Release
28/10/2026
EPS / Forecast
0.91 / 0.86
Revenue / Forecast
2.08B / 2.06B
EPS Revisions
Last 90 days

FTNT Income Statement

Compare FTNT to Peers and Sector

Metrics to compare
FTNT
Peers
Sector
Relationship
P/E Ratio
60.2x37.3x11.6x
PEG Ratio
4.820.310.01
Price/Book
82.3x7.2x2.4x
Price / LTM Sales
17.0x4.6x2.2x
Upside (Analyst Target)
−5.1%2.4%40.1%
Fair Value Upside
Unlock41.9%6.2%Unlock

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.

Employees
15472

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
280.80M38.27%48.88B
Other Institutional Investors
251.83M34.32%43.84B
Public Companies & Retail Investors
201.09M27.41%35.01B
Total
733.71M100.00%127.72B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8.48%62,242,22110,835,126
Vanguard Capital Management, LLC6.03%44,238,4517,701,030

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FAQ

What Is the Fortinet (FTNT) Stock Price Today?

The Fortinet stock price today is 134.40 USD.

What Stock Exchange Does Fortinet Trade On?

Fortinet is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Fortinet?

The stock symbol for Fortinet is "FTNT."

What Is the Fortinet Market Cap?

As of today, Fortinet market cap is 97.94B USD.

What Is Fortinet's Earnings Per Share (TTM)?

The Fortinet EPS (TTM) is 2.86.

When Is the Next Fortinet Earnings Date?

Fortinet will release its next earnings report on 09/02/2027.

From a Technical Analysis Perspective, Is FTNT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.

How Many Times Has Fortinet Stock Split?

Fortinet has split 2 times.

How Many Employees Does Fortinet Have?

Fortinet has 15472 employees.

What is the current trading status of Fortinet (FTNT)?

As of 29/10/2026, Fortinet (FTNT) is trading at a price of 134.40 USD, with a previous close of 174.08 USD. The stock has fluctuated within a day range of 127.40 USD to 139.44 USD, while its 52-week range spans from 73.55 USD to 197.13 USD.

What Is Fortinet (FTNT) Price Target According to Analysts?

The average 12-month price target for Fortinet is 169.45 USD, with a high estimate of 225 USD and a low estimate of 107 USD. 8 analysts recommend buying the stock, while 6 suggest selling, leading to an overall rating of Neutral. The stock has an +26.08% Upside potential.

What Is the FTNT Premarket Price?

FTNT's last pre-market stock price is 126.02 USD. The pre-market share volume is 1,010,000.00, and the stock has decreased by -48.06, or -27.61%.

What Is the FTNT After Hours Price?

FTNT's last after hours stock price is 129.97 USD, the stock has decreased by -44.11, or -25.34%.
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