FO8 Stock Chart & Stats
€143.42
€0.86(0.64%)
At close: 4:00 PM EDT
€143.42
€0.86(0.64%)
Day’s Range― - ―
52-Week Range€62.91 - €159.20
Previous CloseN/A
Volume265.00
Average Volume (3M)398.00
Market Cap
€115.09B
Enterprise Value€110.09K
Total Cash (Recent Filing)€4.07B
Total Debt (Recent Filing)€496.90M
Price to Earnings (P/E)60.6
Beta0.23
Next Earnings
Oct 29, 2026EPS Estimate
0.74Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.86
Shares Outstanding733,713,600
10 Day Avg. Volume422
30 Day Avg. Volume398
Financial Highlights & Ratios
PEG Ratio4.64
Price to Book (P/B)47.68
Price to Sales (P/S)8.68
P/FCF Ratio26.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€147.61Price Target Upside2.92% Upside
Rating ConsensusHold
Number of Analyst Covering32
EPS Forecast (FY)3.01
Revenue Forecast (FY)€7.08B
Bulls Say, Bears Say
Bulls Say
High-margin ProfitabilityFortinet’s unusually high and consistent margins indicate a scalable cybersecurity model with meaningful operating leverage. Strong profitability provides resources to fund product development, infrastructure investment, customer support, and competitive initiatives while preserving earnings resilience.
Strong Cash GenerationLarge, growing free cash flow demonstrates strong earnings quality and the ability to convert profitability into financial resources. This supports ongoing innovation, strategic investment, shareholder returns, and greater flexibility through changing cybersecurity demand cycles.
Broad Platform GrowthGrowth across secure networking, SASE, AI-driven security operations, and OT security suggests Fortinet is expanding beyond a single firewall product. Broad adoption of its integrated platform can deepen customer relationships and create durable cross-selling and renewal opportunities.
Bears Say
Services Growth Lags ProductsServices provide recurring revenue and are important to the installed-base model, so slower services growth relative to products can constrain the pace of recurring expansion. It may also signal that subscription and support monetization is not keeping pace with product adoption.
Uncertain Product-growth DurabilityRecent product momentum is strong, but management’s limited visibility into 2027 makes the durability of that acceleration uncertain. If elevated growth reflects an unusually favorable period, future revenue expansion and operating leverage could moderate from current expectations.
Growth-driver ConcentrationDependence on a concentrated set of emerging demand drivers increases sensitivity to changes in AI and data-center spending, sovereign SASE adoption, and OT investment cadence. Slower progress in these areas could make product growth less broad and less predictable.
Fortinet News
FO8 FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was €62.91 and its highest was €159.20 in the past 12 months.
What is Fortinet’s market cap?
Fortinet’s market cap is €115.09B.
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Oct 29, 2026 which is in 32 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Jul 29, 2026. The company reported €0.775 earnings per share for the quarter, beating the consensus estimate of €0.642 by €0.133.
Is Fortinet overvalued?
According to Wall Street analysts Fortinet’s price is currently Undervalued.
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 733,713,600 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of €0.775 in its last earnings report, beating expectations of €0.642. 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
Fortinet Stock Smart Score
Outperform
1
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5
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
€147.61 (2.92% Upside)
€147.61 (2.92% Upside)
Blogger Sentiment
Bullish
DE:FO8 Sentiment 81%
Sector Average ―
Sector Average ―
News Sentiment
Very Bullish
Bullish news 86%
Bearish news 14%
Bearish news 14%
Technicals
SMA
Positive
20 days / 200 days
Momentum
108.46%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.05%
Trailing 12-Months
Learn more about TipRanks Smart Score
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.
FO8 Company Deck
FO8 Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational and financial momentum: double-digit growth across top-line metrics, a 52% jump in product revenue, record non-GAAP operating margin (38%), and exceptional free cash flow that supported increased guidance and continued buybacks. Management highlighted durable secular drivers (AI, sovereign SASE, OT security) and product differentiation (FortiOS, FortiASIC). Principal caveats were a still-lagging services growth rate, some uncertainty around how sustained ultra-high product growth will be into 2027, and modeling complexity from mixed metric definitions and price/headwind adjustments. On balance the positives — outsized product growth, margin expansion, cash generation, large customer wins and upgraded guidance — significantly outweigh the lowlights.View all DE:FO8 earnings summariesFO8 Revenue Breakdown
32.63% Product
67.37% Services

FO8 Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
€147.61
▲(2.92% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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