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Fortinet Stock

Fortinet, Inc.

FTNTNASDAQKern
US$169.13
-7.0% today

Company data

Sector
Technology
Industry
Software - Infrastructure
Country
United States
CEO
Ken Xie
Employees
15,472
Market cap
$124.1 B
IPO
18/11/2009

Fortinet, Inc. (FTNT) is a US-based technology / software - infrastructure company specializing in comprehensive and automated cybersecurity solutions. Its offerings include the FortiGate platform for security and networking functions, as well as a wide range of tools such as FortiSwitch, FortiAP, or endpoint…

AI-generated company profile based on the figures on this page, last updated on 01/10/2026. Not investment advice.

Fortinet stock: price history

16/10/25+103.4 %16/10/26

1D

-7.0%

1W

-13.2%

1M

-1.5%

6M

+106.7%

YTD

+113.0%

1Y

+103.4%

2Y

+106.0%

5Y

+168.2%

10Y

+2,627.9%

Next earnings date

Next earnings date

28/10/2026 (in 11 days)

Volatility around earnings

~111% stronger price swings than usual

Fortinet stock scores

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  • Quality

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  • Growth

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  • Insider

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  • Earnings

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  • Revisions

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Deterministically calculated from financial metrics, not investment advice. Updated nightly, last on 16/10/2026.

Business model & megatrends

Business model

Very robust business model with strong megatrend tailwind: wide moat, strong pricing power, predictable revenue.

Why this value? Details with Pro only.

3 more assignments (Enabler/Second row) Pro-only.

Fortinet offers a comprehensive portfolio of cybersecurity solutions based on a combination of hardware and software. The core product is the FortiGate platform, which integrates functions such as firewalls, VPN, and intrusion prevention. The offering also includes network switching, wireless connectivity, and endpoint security through machine learning (FortiClient/EDR). The business model is based on the sale of hardware products as well as recurring revenues from security subscriptions, technical support, and consulting services. Fortinet distributes its technologies through a global partner network and direct sales to customers in sectors such as telecommunications, finance, and healthcare.

Revenue model
Mixed
Recurring revenue
High
Pricing power
Strong
Moat
Wide
Moat type
Switching costs
Capital intensity
Low
Customer concentration
Unknown

Ask the agents about Fortinet

Analyst assessment of Fortinet

PRICE TARGET LOW

US$100.00

CONSENSUS

US$162.44

MEDIAN

US$165.00

PRICE TARGET HIGH

US$210.00

0

STRONG BUY

29

BUY

34

HOLD

6

SELL

0

STRONG SELL

69

TOTAL · Hold

As of: 15/10/2026

ANALYST FIRMRATINGACTIONDATE
MizuhoUnderperformmaintain15/10/2026
Wells FargoUnderweightmaintain15/10/2026
TD CowenBuymaintain13/10/2026
BarclaysEqual Weightmaintain12/10/2026
RBC CapitalSector Performmaintain12/10/2026
BernsteinMarket Performmaintain17/09/2026
SusquehannaNeutralmaintain31/07/2026
Wells FargoUnderweightmaintain30/07/2026

Fortinet stock metrics

P/E

59.14

P/B

80.24

EV/EBITDA

43.46

RETURN ON EQUITY

39.1%

NET MARGIN

29.6%

DEBT/EQUITY

0.32

DIVIDEND YIELD

0.0%

AS OF

30/06/2026

Free float & liquidity

FREE FLOAT

84.4%

FLOAT SHARES

618,909,478

AVG. DAILY VOLUME (30D)

3,863,597

Insider transactions (SEC)

ROLETRANSACTIONSHARESPRICEPLAN TYPEDATE

Sim Judith

DirectorOption exercise459–Spontaneous01/10/2026

GOLDMAN KENNETH A

DirectorOption exercise459–Spontaneous01/10/2026

Hsieh Ming

DirectorOption exercise459–Spontaneous01/10/2026

Hu Jean X.

DirectorOption exercise459–Spontaneous01/10/2026

Kan Derek T.

DirectorOption exercise459–Spontaneous01/10/2026
Page 1 / 21

Attention

1 mention today in US forums, about the same as yesterdayPrice since yesterday: -7.0%

Search (Google Trends)

21/0802/1017/10

Forums (Reddit)

26/0821/0909/10

Institutional holders

FUND / INSTITUTIONSHARESCHANGEAS OF
Ninety One UK Ltd657,351+118,39030/09/2026
ARGENT CAPITAL MANAGEMENT LLC432,368-40,04130/09/2026
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND340,397-8,53330/09/2026
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC297,713+22,79530/09/2026
WOODSTOCK CORP223,138-8,76630/09/2026
Page 1 / 3

Dividends & Stock splits

DATERATIO
23/06/20225:1
02/06/20112:1

Comparable stocks

Frequently asked questions about Fortinet stock

What does Fortinet do?

Fortinet, Inc. is a company in the Technology sector, Software - Infrastructure industry, headquartered in United States.

The CEO is Ken Xie, the company employs around 15,472 people.

The IPO was on 18/11/2009; the stock trades on NASDAQ under the ticker FTNT.

What do analysts say about Fortinet stock?

69 analysts rate the stock, the consensus is Hold (as of 15/10/2026).

The average price target is US$162.44, ranging from US$100.00 to US$210.00, with a median of US$165.00.

This is an external assessment, not a statement by Market Jury.

When does Fortinet report next?

The next earnings date is 28/10/2026.

Around past earnings, price swings were roughly 111% stronger than usual.

Does Fortinet pay a dividend?

No, Fortinet currently does not pay a dividend.

Which stocks are comparable to Fortinet?

Comparable stocks include Microsoft, Palantir Technologies, Oracle, Palo Alto Networks, CrowdStrike Holdings, Cloudflare, Synopsys and Block.

How can I get Fortinet stock analyzed?

Clicking "Analyze stock" lets five strategies assess Fortinet against fixed, published rules and judge it bullish, neutral or bearish. The jury states where it disagrees. A free account starts with 5 credits, a quick check costs 1 credit, a full analysis 2 credits.

Not investment advice. Past performance is not an indicator of future results.