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Fortinet, Inc. FTNT

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118.84 USD -3.67 (-3.00%)

At closeNov 6, 2026, 7:38 PM EST

119.00 +0.16 +0.13%

After hours · Nov 6, 7:38 PM ET

118.62 Day range 126.31
75.23 52-week range 194.75
YTD
+49.65%
1 year
+47.55%
Market cap
87.31B
Revenue (ttm)
7.88B
Profit margin
28.96%
EPS (ttm)
3.06
Shares out
734.71M
P/E ratio
38.84
Forward P/E
30.48
YTD return
+49.65%
1-year return
+47.55%
Volume
8.03M
Avg volume
4.73M
Open
126.46
Previous close
122.51
Day's range
118.62 – 126.31
52-week range
75.23 – 194.75
Beta
1.04
Analysts
Hold
Price target
145.55 (+22.5%)
Earnings date
Feb 4, 2027

ALL +117.08 (+6652.27%)

0100200920122014201620182020202220242026118.84

Key statistics

Enterprise value
85.77B
PEG ratio
1.43
Price / sales
11.08
Price / book
38.85
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
1.99%
50-day average
169.14
200-day average
129.40

Financials — quick view

All financials
FTNT Revenue — quarterly 2.08B
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026
FTNT Net income — quarterly 635.50M
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026
FTNT EPS — quarterly 0.87
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026

Earnings

FTNT recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Feb 4, 2027Dec 30, 20260.94———
Oct 28, 2026Sep 30, 20260.860.91+0.05+5.81%
Jul 29, 2026Jun 30, 20260.7460.90+0.15+20.64%
May 6, 2026Mar 31, 20260.6190.82+0.20+32.47%
Feb 5, 2026Dec 31, 20250.7430.81+0.07+9.02%
Nov 5, 2025Sep 30, 20250.6310.74+0.11+17.27%

Upgrades / downgrades

FTNT analyst upgrades and downgrades
DateFirmActionFromTo
Nov 2, 2026AmerxmainOverweightOverweight
Oct 30, 2026Wells FargomainUnderweightUnderweight
Oct 30, 2026SusquehannamainNeutralNeutral
Oct 29, 2026RBC CapitalmainSector PerformSector Perform
Oct 29, 2026TD CowenmainBuyBuy
Oct 29, 2026WedbushmainNeutralNeutral

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

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Insider holders

FTNT insider holders
InsiderRelationLatest transactionDateShares held
GOLDMAN KENNETH ALLENDirectorConversion of Exercise of derivative securityJun 10, 202643,719
HSIEH MINGDirectorConversion of Exercise of derivative securityJun 10, 202662,872
HU JEAN XDirectorConversion of Exercise of derivative securityJun 10, 202639,049
NEUKOM WILLIAM HDirectorConversion of Exercise of derivative securityJun 11, 2025302,601
OHLGART CHRISTIANE MARGRITChief Financial OfficerConversion of Exercise of derivative securityOct 29, 202611,204
SIM JUDITH KOON LIENDirectorConversion of Exercise of derivative securityJun 10, 2026129,542

Institution ownership

FTNT institution ownership
Holder% heldSharesValueReported
Blackrock Inc.8.47%62,242,2217.40BJun 29, 2026
Vanguard Capital Management LLC5.53%40,663,9614.83BJun 29, 2026
State Street Corporation4.03%29,630,6523.52BJun 29, 2026
Vanguard Portfolio Management LLC3.38%24,844,6852.95BJun 29, 2026
Invesco Ltd.3.35%24,621,0162.93BJun 29, 2026
Geode Capital Management, LLC2.37%17,439,7992.07BJun 29, 2026

Fund ownership

FTNT fund ownership
Holder% heldSharesValueReported
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund2.69%19,769,5562.35BJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.20%16,135,5911.92BJun 29, 2026
Invesco QQQ Trust, Series 12.09%15,325,4751.82BSep 29, 2026
iShares Trust-iShares Core S&P 500 ETF1.12%8,212,091975.92MSep 29, 2026
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.09%8,009,669951.87MSep 29, 2026
First TRT Exch-Trd Fd. II-First TRT NASDAQ Cybersecurity ETF1.08%7,928,811942.26MSep 29, 2026