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Fortinet (CH:FO8)
NASDAQ:FO8

Fortinet (FO8) Price & Analysis

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FO8 Stock Chart & Stats

Currently, no data available
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Bulls Say, Bears Say

Bulls Say
High ProfitabilitySustained very high gross and operating margins reflect strong pricing power, efficient product/software mix and scale in security services. Durable margin structure supports reinvestment, high returns on incremental revenue and insulation versus cyclical hardware pricing swings.
Strong Cash GenerationConsistent multi-billion free cash flow provides durable financial flexibility to fund R&D, strategic infrastructure investments, share buybacks, and potential M&A without heavy reliance on external financing, improving resilience through industry cycles.
Platform Momentum & Product LeadershipStrong customer additions, large-enterprise deal growth and new high-performance hardware for AI workloads reinforce Fortinet's integrated Security Fabric and channel model, enabling durable cross-sell of subscriptions and higher wallet share per customer over time.
Bears Say
Services Revenue Conversion LagA lag between accelerated service billings and reported services revenue slows the maturation of recurring revenue and ARR visibility. Persistent conversion delays can compress near-term recurring margin expansion and make revenue cadence less predictable for planning.
Component Cost & Pricing PressureSustained component cost inflation or required pricing adjustments can reduce product margin leverage and force trade-offs between maintaining market share and protecting profitability, potentially limiting margin upside from product volume growth.
Concentration On AI Tailwind / ARR AmbiguityHeavy attribution of recent demand to AI infrastructure creates concentration risk if enterprise AI spend shifts. Coupled with unclear SASE ARR cadence, this reduces long-term predictability of subscription ARR growth and complicates sustainable recurring revenue modeling.

Fortinet News

FO8 FAQ

What was Fortinet’s price range in the past 12 months?
Currently, no data Available
What is Fortinet’s market cap?
Fortinet’s market cap is CHF86.11B.
    When is Fortinet’s upcoming earnings report date?
    Fortinet’s upcoming earnings report date is Jul 30, 2026 which is in 37 days.
      How were Fortinet’s earnings last quarter?
      Fortinet released its earnings results on May 06, 2026. The company reported $0.641 earnings per share for the quarter, beating the consensus estimate of $0.484 by $0.157.
        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 0.58.
            How many shares outstanding does Fortinet have?
            Currently, no data Available
            What happened to Fortinet’s price movement after its last earnings report?
            Fortinet reported an EPS of $0.641 in its last earnings report, beating expectations of $0.484. Following the earnings report the stock price went same N/A.
              Which hedge fund is a major shareholder of Fortinet?
              Currently, no hedge funds are holding shares in CH: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

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                Neutral
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                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

                Q1 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 CH: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

                $92.00
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