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.
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 |
Metrics to compare | FTNT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipFTNTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 31.0x | 49.1x | 12.2x | |
PEG Ratio | 4.26 | 0.64 | 0.01 | |
Price/Book | 46.5x | 28.1x | 2.4x | |
Price / LTM Sales | 8.5x | 8.8x | 2.3x | |
Upside (Analyst Target) | 19.6% | −2.4% | 24.8% | |
Fair Value Upside | Unlock | −23.9% | 3.6% | Unlock |