FO8 Stock Chart & Stats
€135.58
€0.86(0.64%)
At close: 4:00 PM EDT
€135.58
€0.86(0.64%)
Day’s Range― - ―
52-Week Range€60.36 - €149.46
Previous CloseN/A
Volume265.00
Average Volume (3M)680.00
Market Cap
€97.96B
Enterprise Value€110.09K
Total Cash (Recent Filing)€4.07B
Total Debt (Recent Filing)€496.90M
Price to Earnings (P/E)56.6
Beta0.23
Next Earnings
Oct 29, 2026EPS Estimate
0.74Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.86
Shares Outstanding732,648,400
10 Day Avg. Volume619
30 Day Avg. Volume680
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
€141.60Price Target Upside4.44% Upside
Rating ConsensusHold
Number of Analyst Covering34
EPS Forecast (FY)2.96
Revenue Forecast (FY)€7.01B
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.
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
Fortinet Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
€141.60 (4.44% Upside)
€141.60 (4.44% Upside)
Blogger Sentiment
Bullish
DE:FO8 Sentiment 81%
Sector Average 62%
Sector Average 62%
News Sentiment
Very Bullish
Bullish news 94%
Bearish news 6%
Bearish news 6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
45.43%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-5.03%
Trailing 12-Months
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 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 summariesFO8 Revenue Breakdown
32.63% Product
67.37% Services

FO8 Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
€141.60
▲(4.44% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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