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Fortinet (GB:0IR9)
NASDAQ:0IR9

Fortinet (0IR9) Price & Analysis

4 Followers

0IR9 Stock Chart & Stats

$153.60
-$0.25(-0.16%)
At close: 4:00 PM EDT
$153.60
-$0.25(-0.16%)

Bulls Say, Bears Say

Bulls Say
High And Scalable ProfitabilityThese margins indicate a scalable security platform with substantial operating leverage. High profitability gives Fortinet resources to fund product development, support channel investment, and absorb demand fluctuations while sustaining competitive capabilities.
Exceptional Cash GenerationStrong and growing free cash flow validates earnings quality and provides durable financial flexibility. Fortinet can reinvest in infrastructure and innovation, pursue strategic opportunities, and return capital without relying heavily on external financing.
Broad Security Platform MomentumGrowth across secure networking, SASE, AI-driven operations, and OT security supports a broad platform opportunity rather than dependence on one product. FortiOS and FortiASIC integration can reinforce cross-selling and customer retention.
Bears Say
Recent Revenue Growth DecelerationThe long-term expansion record is strong, but slower recent TTM growth indicates that the larger revenue base may be harder to accelerate. Sustaining elevated growth will depend on continued adoption of newer platforms and successful customer expansion.
Services Growth Trails Product MomentumServices and subscriptions underpin recurring revenue and installed-base monetization, so their slower growth could limit predictability and mix improvement. Management expects recovery, but the lag suggests execution and renewal trends require monitoring.
Uncertainty Around Growth DurabilityRecent acceleration is linked substantially to AI, SASE Firewall, and OT demand, creating exposure to the investment cadence in those areas. If adoption normalizes, product growth and operating leverage could moderate from current elevated levels.

Fortinet News

0IR9 FAQ

What was Fortinet’s price range in the past 12 months?
Fortinet lowest share price was $73.00 and its highest was $175.00 in the past 12 months.
    What is Fortinet’s market cap?
    Fortinet’s market cap is $126.77B.
      When is Fortinet’s upcoming earnings report date?
      Fortinet’s upcoming earnings report date is Oct 29, 2026 which is in 61 days.
        How were Fortinet’s earnings last quarter?
        Fortinet released its earnings results on Jul 29, 2026. The company reported $0.9 earnings per share for the quarter, beating the consensus estimate of $0.746 by $0.154.
          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 pays a Notavailable dividend of $0.285 which represents an annual dividend yield of N/A. See more information on Fortinet dividends here
              What is Fortinet’s EPS estimate?
              Fortinet’s EPS estimate is 0.86.
                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 $0.9 in its last earnings report, beating expectations of $0.746. Following the earnings report the stock price went up 4.818%.
                    Which hedge fund is a major shareholder of Fortinet?
                    Currently, no hedge funds are holding shares in GB:0IR9
                    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 (0IR9) Earnings & Revenues

                      0IR9 Company Deck

                      0IR9 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 GB:0IR9 earnings summaries

                      0IR9 Revenue Breakdown

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

                      0IR9 Stock 12 Month Forecast

                      Average Price Target

                      $166.67
                      ▲(8.51% Upside)
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<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 14,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 43, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":78.476,"date":1756684800000,"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 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":84.226,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n       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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":79.979,"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, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 8</span>\n      ","marker":{"lineColor":"#912767","enabled":true,"symbol":"circle"}},{"y":81.25,"date":1769904000000,"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 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 31, 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