0IR9 Stock Chart & Stats
$153.60
-$0.25(-0.16%)
At close: 4:00 PM EDT
$153.60
-$0.25(-0.16%)
Day’s Range― - ―
52-Week Range$70.13 - $173.00
Previous CloseN/A
Volume1.27K
Average Volume (3M)13.17K
Market Cap
$118.82B
Enterprise Value$110.09K
Total Cash (Recent Filing)$4.07B
Total Debt (Recent Filing)$496.90M
Price to Earnings (P/E)56.6
Beta0.19
Next Earnings
Oct 29, 2026EPS Estimate
0.85Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.86
Shares Outstanding733,713,600
10 Day Avg. Volume19,409
30 Day Avg. Volume13,170
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
$163.45Price Target Upside6.41% Upside
Rating ConsensusHold
Number of Analyst Covering34
EPS Forecast (FY)3.43
Revenue Forecast (FY)$8.10B
Bulls Say, Bears Say
Bulls Say
High Profitability MarginsSustained very high gross and net margins reflect strong pricing power, differentiated product economics, and efficient cost structure. Durable margins support reinvestment in R&D, product development and sales motion while providing resilience to cyclical revenue swings over the next 2–6 months.
Exceptional Free Cash FlowRobust and accelerating free cash flow enhances financial flexibility: it funds capex, buybacks, and M&A optionality while strengthening the balance sheet. Persistent high FCF improves resiliency versus revenue variability and supports long-term investment in product and go-to-market expansion.
Integrated Platform & Product StrengthA hardware-software integrated architecture (ASICs + OS) and broad Security Fabric deliver technical differentiation and high switching costs. This platform enables upsell across an installed base and durable demand for secure networking and SASE capabilities over the medium term.
Bears Say
Top-line Growth DecelerationA marked slowdown in trailing revenue growth signals maturation of some demand drivers and heightens the need to reinvigorate recurring revenue expansion. Slower top-line growth can limit operating leverage and the pace at which scale-driven margins or investments can expand sustainably.
Services Revenue LaggingServices and subscriptions typically provide steadier, higher-visibility recurring revenue. Continued lag in services growth increases dependence on product cycles and hardware demand, reducing predictability of renewals and billings and limiting long-term revenue mix stability.
Concentration Of Recent Growth DriversHeavy reliance on a few secular themes (AI traffic, sovereign SASE, OT projects) concentrates revenue risk. If enterprise AI investments or SASE adoption slow, the company could face materially slower product demand, increasing volatility and making forward modeling of sustainable growth more uncertain.
Fortinet News
0IR9 FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest share price was $70.13 and its highest was $173.00 in the past 12 months.
What is Fortinet’s market cap?
Fortinet’s market cap is $118.82B.
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Oct 29, 2026 which is in 83 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.
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 0.85.
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
Fortinet Stock Smart Score
Neutral
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10
Analyst Consensus
Hold
Average Price Target:
$163.45 (6.41% Upside)
$163.45 (6.41% Upside)
Blogger Sentiment
Bullish
GB:0IR9 Sentiment 81%
Sector Average ―
Sector Average ―
News Sentiment
Bullish
Bullish news 67%
Bearish news 33%
Bearish news 33%
Technicals
SMA
Positive
20 days / 200 days
Momentum
45.43%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.05%
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.
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 summaries0IR9 Revenue Breakdown
32.63% Product
67.37% Services

0IR9 Stock 12 Month Forecast
All Analysts
Top Analysts
Average Price Target
$163.45
▲(6.41% Upside)
Technical Analysis
1 Day
3 Days
1 Week
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