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Fortinet (DE:FO8)
XETRA:FO8

Fortinet (FO8) Price & Analysis

17 Followers

FO8 Stock Chart & Stats

€135.58
€0.86(0.64%)
At close: 4:00 PM EDT
€135.58
€0.86(0.64%)

Bulls Say, Bears Say

Bulls Say
Strong Free Cash Flow GenerationExceptional free cash flow (~$3.12B TTM with ~28% growth) provides durable internal funding for R&D, product development, infrastructure and buybacks, reducing reliance on external financing. High cash conversion supports reinvestment and resilience through demand cycles.
High And Sustained MarginsVery high gross and operating margins reflect scalable software and purpose-built ASIC economics, giving Fortinet structural pricing power. Sustained margins underwrite cash generation, fund go-to-market and R&D, and create durable competitive insulation versus lower-margin peers.
Broad-based Demand And Market-share MomentumRaised guidance and outsized billings/product growth show structural demand across SASE, OT and AI security. Large deals, accelerating product wins and expanding installed base bolster recurring revenue prospects and support sustained market-share gains over coming quarters.
Bears Say
Recent Revenue Growth DecelerationTrailing‑twelve‑month revenue growth has slowed to ~5.9% versus prior double‑digit years, reducing growth optionality. If the top‑line slowdown persists, operating leverage and cadence of recurring revenue expansion could weaken, pressuring long‑term upside.
Services Revenue Conversion LagManagement flagged that service billings and deferred revenue are outpacing reported services revenue. Persistent conversion delays weaken ARR visibility, delay recognition of recurring margins, and could mask true subscription momentum over multiple quarters.
Balance Sheet Less Fortress-like Than Top PeersBalance sheet improved with positive equity (~$1.55B) and modest debt (~$0.50B), but the post‑turnaround equity base is smaller than many peers. That limits shock absorption and capital flexibility if growth or margins unexpectedly weaken despite improved leverage metrics.

Fortinet News

FO8 FAQ

What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was €60.36 and its highest was €149.46 in the past 12 months.
    What is Fortinet’s market cap?
    Fortinet’s market cap is €97.96B.
      When is Fortinet’s upcoming earnings report date?
      Fortinet’s upcoming earnings report date is Oct 29, 2026 which is in 89 days.
        How were Fortinet’s earnings last quarter?
        Fortinet released its earnings results on Jul 29, 2026. The company reported €0.78 earnings per share for the quarter, beating the consensus estimate of €0.647 by €0.133.
          Is Fortinet overvalued?
          According to Wall Street analysts Fortinet’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Fortinet pay dividends?
            Fortinet does not currently pay dividends.
            What is Fortinet’s EPS estimate?
            Fortinet’s EPS estimate is 0.74.
              How many shares outstanding does Fortinet have?
              Fortinet has 732,648,400 shares outstanding.
                What happened to Fortinet’s price movement after its last earnings report?
                Fortinet reported an EPS of €0.78 in its last earnings report, beating expectations of €0.647. Following the earnings report the stock price went up 5.28%.
                  Which hedge fund is a major shareholder of Fortinet?
                  Currently, no hedge funds are holding shares in DE:FO8
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Fortinet

                    Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

                    Fortinet (FO8) Earnings & Revenues

                    FO8 Company Deck

                    FO8 Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented a strong set of operating and financial results with high billings (+31%), revenue (+20%), outsized product growth (+41%), record margins and free cash flow, and raised guidance—underscoring broad-based demand (OT, SASE, AI security) and clear market-share momentum. Noted challenges include a services revenue conversion lag, component cost pressures requiring cautious pricing assumptions, some remaining supply-chain timing uncertainty, and analyst questions around SASE ARR cadence. Overall, the positive operational and financial momentum and increased guidance substantially outweigh the manageable near-term risks.View all DE:FO8 earnings summaries

                    FO8 Revenue Breakdown

                    32.63%32.63%67.37%
                    32.63% Product
                    67.37% Services
                    tipranks

                    FO8 Stock 12 Month Forecast

                    Average Price Target

                    €141.60
                    ▲(4.44% Upside)
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   <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 42, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":71,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 40, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":74.03,"date":1761955200000,"info":" <span style=\"color:#828080\" class=\"mb3 mt2 fonth8_semibold\"> Hold</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 28, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#828080","enabled":true,"symbol":"circle"}},{"y":70.86,"date":1764547200000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 3,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 28, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 4</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":68.34,"date":1767225600000,"info":" <span style=\"color:#912767\" class=\"mb3 mt2 fonth8_semibold\"> Moderate Sell</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 6,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 31, 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