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Fortinet (0IR9) Share Price & Analysis

0IR9 Stock Chart & Stats

$135.14-$0.21(-0.16%)
At close: 4:30 PM GMT
$140$160$1803 Aug17 Aug31 Aug14 Sep28 Sep12 Oct26 Oct
Day’s Range
$134.43 - $140.70
52-Week Range
$73.00 - $198.60
Previous Close
$135.35
Volume
1,270
Average Volume (3M)
13.25K
Market Cap
$99.84B
Enterprise Value
$128.45B
Total Cash (Recent Filing)
$4.80B
Total Debt (Recent Filing)
$497.10M
Price to Earnings (P/E)
43.9
Beta
-0.03
Next Earnings
Feb 09, 2027 (Est.)
EPS Estimate
0.94
Last Dividend Ex-Date
Mar 15, 2022
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Integrated Security Platform

A unified operating system spanning networking, SASE and AI security can reduce product fragmentation for customers and support broader deployments. This architecture strengthens cross-selling potential, increases platform relevance in hybrid environments, and may help Fortinet sustain share gains over multiple quarters.

Recurring Service Monetization

Strong service billings and deferred-revenue growth indicate expanding contracted demand that can convert into future recognized revenue. Fortinet’s installed-base model also creates renewal and upsell opportunities, supporting greater revenue visibility and durable monetization beyond initial product sales.

Cash Generation And Profitability

Exceptional free-cash-flow conversion shows that reported earnings are translating efficiently into cash, giving Fortinet resources to invest in growth, technology and customer expansion. High gross and operating margins further support internal funding capacity and resilience across the next several quarters.

Bears Say

Revenue Growth Deceleration

The sharp deceleration in reported revenue growth weakens the quality of Fortinet’s earnings profile even though profitability remains strong. If lower growth persists, it could reduce operating leverage opportunities and make future expansion increasingly dependent on share gains, upselling and market execution.

Higher Product Costs

Rising component costs create pressure on product profitability and could limit margin expansion if pricing does not improve. Management said pricing had stabilized but was still slowly increasing, leaving Fortinet exposed to continued cost pressure while the benefit from prior lower-cost inventory fades.

Delayed Service Recognition

Delayed activations postpone recognition of service revenue even when underlying customer demand remains strong. This creates execution and timing risk for near-term growth, while large enterprise agreements and infrastructure rollouts can make conversion from bookings or billings into recurring revenue less predictable.

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 $198.60 in the past 12 months.
What is Fortinet’s market cap?
Fortinet’s market cap is $99.84B.
When is Fortinet’s upcoming earnings report date?
Fortinet’s next earnings report is estimated for Feb 09, 2027 (not yet confirmed), which is in 100 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Oct 28, 2026. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05.
Is Fortinet overvalued?
According to Wall Street analysts Fortinet’s price is currently Undervalued.
Does Fortinet pay dividends?
Fortinet pays a Notavailable dividend of $0.285 which represents an annual dividend yield of ―. See more information on Fortinet dividends here
What is Fortinet’s EPS estimate?
Fortinet’s EPS estimate is 0.94.
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 $0.91 in its last earnings report, beating expectations of $0.86. Following the earnings report the stock price went down -24.182%.
Which hedge fund is a major shareholder of Fortinet?
Hedge funds hold Fortinet shares: the largest hedge-fund position in Fortinet is 1,195,874,864 shares, and hedge funds increased their holdings by 983.8K shares last quarter.
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