Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.
Cybersecurity Titan | Fortinet navigates a pivotal moment in the cybersecurity industry, leveraging its strong market position and technological prowess to address evolving threats |
Financial Fortitude | Explore Fortinet's impressive financial metrics, including 79.71% gross profit margins and a "GREAT" financial health score, underpinning its market strength |
Strategic Shift | Delve into Fortinet's transition towards Unified SASE and Security Operations, presenting both opportunities and challenges in maintaining growth momentum |
Market Outlook | Analyst price targets range from $65 to $112, reflecting diverse views on Fortinet's ability to capitalize on the 2026 hardware refresh cycle and enterprise expansion |
Metrics to compare | FTNT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipFTNTPeersSector | |
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P/E Ratio | 48.3x | 33.4x | 11.7x | |
PEG Ratio | 0.87 | 0.06 | 0.01 | |
Price/Book | 56.4x | 7.7x | 2.4x | |
Price / LTM Sales | 14.2x | 10.9x | 2.2x | |
Upside (Analyst Target) | 6.0% | 7.2% | 21.9% | |
Fair Value Upside | Unlock | −0.3% | 3.2% | Unlock |