Fortinet, Inc. FTNT
At closeNov 12, 2026, 7:34 PM EST
After hours · Nov 12, 7:34 PM ET
- YTD
- +63.13%
- 1 year
- +57.71%
- Market cap
- 95.17B
- Revenue (ttm)
- 7.88B
- Profit margin
- 28.96%
- EPS (ttm)
- 3.09
- Shares out
- 734.71M
- P/E ratio
- 41.92
- Forward P/E
- 33.20
- YTD return
- +63.13%
- 1-year return
- +57.71%
- Volume
- 3.71M
- Avg volume
- 4.76M
- Open
- 126.95
- Previous close
- 128.10
- Day's range
- 124.51 – 130.43
- 52-week range
- 75.23 – 194.75
- Beta
- 1.04
- Analysts
- Hold
- Price target
- 145.03 (+12.0%)
- Earnings date
- Feb 4, 2027
5D +6.11 (+4.95%)
Key statistics
- Enterprise value
- 89.88B
- PEG ratio
- 1.50
- Price / sales
- 12.08
- Price / book
- 42.35
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 20.50%
- Free cash flow
- 2.49B
- Total cash
- 4.80B
- Total debt
- 560.50M
- Return on equity
- 153.08%
- Short % of float
- 1.97%
- 50-day average
- 165.56
- 200-day average
- 130.25
Analyst view
Consensus: hold
- Target (low)
- 110.00
- Target (mean)
- 145.03
- Target (high)
- 190.00
- Strong buy2
- Buy6
- Hold30
- Sell4
- Strong sell1
Next earnings
Feb 4, 2027
Expected Feb 4, 2027. Consensus EPS estimate 0.94007.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 4, 2027 | Dec 30, 2026 | 0.94 | — | — | — |
| Oct 28, 2026 | Sep 30, 2026 | 0.86 | 0.91 | +0.05 | +5.81% |
| Jul 29, 2026 | Jun 30, 2026 | 0.746 | 0.90 | +0.15 | +20.64% |
| May 6, 2026 | Mar 31, 2026 | 0.619 | 0.82 | +0.20 | +32.47% |
| Feb 5, 2026 | Dec 31, 2025 | 0.743 | 0.81 | +0.07 | +9.02% |
| Nov 5, 2025 | Sep 30, 2025 | 0.631 | 0.74 | +0.11 | +17.27% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 2, 2026 | Amerx | main | Overweight | Overweight |
| Oct 30, 2026 | Wells Fargo | main | Underweight | Underweight |
| Oct 30, 2026 | Susquehanna | main | Neutral | Neutral |
| Oct 29, 2026 | RBC Capital | main | Sector Perform | Sector Perform |
| Oct 29, 2026 | TD Cowen | main | Buy | Buy |
| Oct 29, 2026 | Wedbush | main | Neutral | Neutral |
About Fortinet, Inc.
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Country
- United States
- Website
- fortinet.com
News
Fortinet Sees AI Fueling Firewall Demand as Supply Advantage Fades
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$1,000 Split Across These 3 Cybersecurity Stocks Could Be Worth This Much in 5 Years
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Fortinet Raises 2026 Outlook After Strong Q3: Time to Hold the Stock?
Will Fortinet's Cash Flow Profile Support the Stock Amid Higher Capex?
Extreme Networks Explores Potential Sale During Growing Acquisition Interest for This AI-Powered Network Provider
Fortinet, Inc. $FTNT Stock Sold by Boston Trust Walden Corp
Fortinet and Equinix Secure Distributed AI at Scale
FTNT Q3 Earnings Call Highlights Services Outlook and AI Demand
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| GOLDMAN KENNETH ALLEN | Director | Conversion of Exercise of derivative security | Jun 10, 2026 | 43,719 |
| HSIEH MING | Director | Conversion of Exercise of derivative security | Jun 10, 2026 | 62,872 |
| HU JEAN X | Director | Conversion of Exercise of derivative security | Jun 10, 2026 | 39,049 |
| NEUKOM WILLIAM H | Director | Conversion of Exercise of derivative security | Jun 11, 2025 | 302,601 |
| OHLGART CHRISTIANE MARGRIT | Chief Financial Officer | Conversion of Exercise of derivative security | Oct 29, 2026 | 11,204 |
| SIM JUDITH KOON LIEN | Director | Conversion of Exercise of derivative security | Jun 10, 2026 | 129,542 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 8.47% | 62,242,221 | 8.06B | Jun 29, 2026 |
| Vanguard Capital Management LLC | 5.53% | 40,663,961 | 5.27B | Jun 29, 2026 |
| State Street Corporation | 4.03% | 29,630,652 | 3.84B | Jun 29, 2026 |
| Vanguard Portfolio Management LLC | 3.38% | 24,844,685 | 3.22B | Jun 29, 2026 |
| Invesco Ltd. | 3.35% | 24,621,016 | 3.19B | Jun 29, 2026 |
| Geode Capital Management, LLC | 2.42% | 17,810,533 | 2.31B | Sep 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 2.69% | 19,769,556 | 2.56B | Jun 29, 2026 |
| VANGUARD INDEX FUNDS-Vanguard 500 Index Fund | 2.20% | 16,135,591 | 2.09B | Jun 29, 2026 |
| Invesco QQQ Trust, Series 1 | 2.09% | 15,325,475 | 1.99B | Sep 29, 2026 |
| iShares Trust-iShares Core S&P 500 ETF | 1.12% | 8,212,091 | 1.06B | Sep 29, 2026 |
| Fidelity Concord Street Trust-Fidelity 500 Index Fund | 1.09% | 8,009,669 | 1.04B | Sep 29, 2026 |
| First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF | 1.08% | 7,928,811 | 1.03B | Sep 29, 2026 |
