Fortinet Inc (FTNT)

Currency in USD
129.39
+1.28(+1.00%)
Closed·
128.38-1.01(-0.78%)
·
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Fair Value
Day's Range
124.98131.11
52 wk Range
73.55197.13
Key Statistics
Prev. Close
129.39
Open
128.24
Day's Range
124.98-131.11
52 wk Range
73.55-197.13
Volume
5.78M
Average Volume (3m)
4.64M
1-Year Change
50.471%
Book Value / Share
3.06
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
145.55
Upside
+12.49%
Members' Sentiments
Bearish
Bullish
ProTips
39 analysts have revised their earnings upwards for the upcoming period

Fortinet Inc News & Analysis

Show more

Technical Analysis

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

Analyst Ratings

8 Buy
30 Hold
5 Sell
Ratings:
43 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 145.55
(+12.49% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Daiwa Securities
Buy150.00+15.93%-UpgradeNov 04, 2026
Baird
Hold150.00+15.93%170.00MaintainOct 30, 2026
Susquehanna
Hold145.00+12.06%160.00MaintainOct 30, 2026
Wells Fargo
Sell115.00-11.12%160.00MaintainOct 30, 2026
Bernstein SocGen Group
Hold136.00+5.11%145.00MaintainOct 29, 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: 10/29/2026, 05:50 AM
Read Full Transcript

Earnings

Latest Release
Oct 28, 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
41.7x39.0x11.0x
PEG Ratio
1.590.300.01
Price/Book
42.3x7.5x2.4x
Price / LTM Sales
12.1x4.8x2.1x
Upside (Analyst Target)
12.5%3.7%48.2%
Fair Value Upside
Unlock33.0%10.8%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
15540

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
281.36M38.35%35.51B
Other Institutional Investors
252.59M34.43%31.88B
Public Companies & Retail Investors
199.77M27.23%25.21B
Total
733.71M100.00%92.6B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
BlackRock, Inc.8.48%62,242,2217,855,591
Vanguard Capital Management, LLC6.03%44,238,4515,583,335

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FAQ

What Is the Fortinet (FTNT) Stock Price Today?

The Fortinet stock price today is 129.39 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 95.04B USD.

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

The Fortinet EPS (TTM) is 3.10.

When Is the Next Fortinet Earnings Date?

Fortinet will release its next earnings report on Feb 09, 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 15540 employees.

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

As of Nov 05, 2026, Fortinet (FTNT) is trading at a price of 129.39 USD, with a previous close of 129.39 USD. The stock has fluctuated within a day range of 124.98 USD to 131.11 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 145.55 USD, with a high estimate of 190 USD and a low estimate of 110 USD. 8 analysts recommend buying the stock, while 5 suggest selling, leading to an overall rating of Neutral. The stock has an +12.49% Upside potential.

What Is the FTNT Premarket Price?

FTNT's last pre-market stock price is 128.81 USD. The pre-market share volume is 43,980.00, and the stock has decreased by 0.70, or 0.55%.

What Is the FTNT After Hours Price?

FTNT's last after hours stock price is 128.38 USD, the stock has decreased by -1.01, or -0.78%.
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