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FTNT Stock Chart & Stats
$81.84
-$1.40(-1.46%)
At close: 4:00 PM EST
$81.84
-$1.40(-1.46%)
Day’s Range― - ―
52-Week Range$70.12 - $170.35
Previous CloseN/A
Volume1.49M
Average Volume (3M)5.91M
Market Cap
$118.40B
Enterprise Value$57.90K
Total Cash (Recent Filing)$3.29B
Total Debt (Recent Filing)$496.80M
Price to Earnings (P/E)61.7
Beta1.19
Next Earnings
Jul 29, 2026EPS Estimate
0.75Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.60
Shares Outstanding732,648,400
10 Day Avg. Volume4,756,699
30 Day Avg. Volume5,910,505
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$121.39Price Target Upside48.33% Upside
Rating ConsensusHold
Number of Analyst Covering32
EPS Forecast (FY)3.15
Revenue Forecast (FY)$7.81B
Bulls Say, Bears Say
Bulls Say
Free Cash Flow GenerationFortinet’s sizable and growing FCF (TTM ~$2.44B) provides durable internal funding for R&D, channel investment and buybacks. Consistent cash conversion supports reinvestment into product innovation and capital returns, enhancing long-term resilience versus cyclical revenue shifts.
High And Durable MarginsVery high gross and operating margins reflect a software-rich security platform, subscription services and scale benefits. Structural product mix and platform leverage support margin sustainability, enabling strong earnings retention and funding for strategic initiatives over multiple quarters.
Product Momentum & BillingsRobust billings and outsized product growth, plus new high-performance appliance launches and large-enterprise deal expansion, indicate durable market-share gains. Platform-led upsell and AI-driven infrastructure demand support sustained enterprise adoption and recurring expansion opportunities.
Bears Say
Services Revenue Conversion LagAccelerating service billings versus modest reported service revenue indicates delayed recognition from deferred revenue. This slows the pace at which recurring services contribute to reported ARR and margins, reducing near-term predictability of subscription revenue and long-term recurring mix improvements.
Component Cost & Pricing PressurePersistent component and memory cost volatility and modest pricing impacts can compress product gross margins or force increased investment to secure supply. Over a multi-quarter horizon this can reduce margin upside and require cautious pricing or increased capex to maintain performance leadership.
Balance-Sheet Quality FlagsA historically thin and volatile equity base (including prior negative equity) raises sensitivity to earnings shocks, buybacks or acquisitions. While leverage is manageable now, limited equity buffer can constrain financial flexibility and amplify risks if growth or margins deteriorate.
Fortinet News
FTNT FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was $70.12 and its highest was $170.35 in the past 12 months.
What is Fortinet’s market cap?
Fortinet’s market cap is $118.40B.
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Jul 29, 2026 which is in 8 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on May 06, 2026. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.619 by $0.201.
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 0.75.
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 $0.82 in its last earnings report, beating expectations of $0.619. Following the earnings report the stock price went up 20.033%.
Which hedge fund is a major shareholder of Fortinet?
Currently, no hedge funds are holding shares in FTNT
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
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10
Analyst Consensus
Hold
Average Price Target:
$121.39 (48.33% Upside)
$121.39 (48.33% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 70%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 255.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.2%
Last 30 Days ▲ 2.3%
Last 30 Days ▲ 2.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
52.11%
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.
FTNT Revenue Breakdown
32.63% Product
67.37% Services

FTNT Stock 12 Month Forecast
Average Price Target
$121.39
▲(48.33% Upside)
Technical Analysis
Ownership Overview
16.93% Insiders
13.50% Mutual Funds
0.55% Other Institutional Investors
38.75% Public Companies and Individual Investors












