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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)62.2
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
$120.38Price Target Upside47.09% Upside
Rating ConsensusHold
Number of Analyst Covering33
EPS Forecast (FY)3.15
Revenue Forecast (FY)$7.81B
Bulls Say, Bears Say
Bulls Say
High Margins And ProfitabilityFortinet's exceptionally high gross and operating margins reflect a software-heavy security platform and scalable delivery via subscriptions and appliances. Sustained margin levels support durable reinvestment in R&D, margin-accretive growth, and strong operating leverage across cycles.
Strong Free Cash Flow GenerationConsistent multi-billion dollar operating and free cash flows provide steady funding for product investments, share repurchases, and balance-sheet flexibility. Strong cash conversion reduces dependence on external financing and supports multi-year strategic initiatives and capital allocation.
Broad Billings/product Momentum And Secular DemandRobust billings and outsized product growth reflect durable enterprise demand for high-performance security (AI, SASE, OT). New high-throughput appliances and large enterprise wins strengthen competitive positioning and expand cross-sell potential across the installed base over the medium term.
Bears Say
Services Revenue Conversion LagA material gap between accelerating service billings and slower reported service revenue implies delayed recognition of recurring revenue and slower ARR uplift. This timing mismatch can reduce near-term revenue predictability and obscure the pace at which high-margin subscription revenue scales.
Component Cost And Pricing PressureOngoing memory/component cost pressures and modest pricing impacts can erode product revenue growth and compress margins if sustained. Management's guidance already factors cautious pricing and infrastructure spend, but persistent supply-cost volatility could impair medium-term margin sustainability.
Balance-sheet Quality / Equity VolatilityHistoric episodes of negative equity and a relatively small TTM equity base mean returns are amplified but the capital cushion is thinner. That history raises structural balance-sheet quality concerns and could constrain strategic flexibility if earnings or cash flow unexpectedly weaken.
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 9 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:
$120.38 (47.09% Upside)
$120.38 (47.09% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 70%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 255.9K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.6%
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
54.03%
12-Months-Change
Fundamentals
Return on Equity
155.65%
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
$120.38
▲(47.09% Upside)
Technical Analysis
Ownership Overview
16.93% Insiders
13.50% Mutual Funds
0.28% Other Institutional Investors
38.97% Public Companies and Individual Investors










