FTNT
NASDAQ · Technology
Fortinet Inc
$78.89
-0.45 (-0.57%)
Performance
1D
—
1W
—
1M
—
3M
-3.27%
6M
-6.80%
1Y
-21.90%
YTD
+1.30%
Open$80.13
Previous Close$79.34
Day High$81.52
Day Low$78.46
52W High$109.33
52W Low$70.12
Volume—
Avg Volume6.86M
Market Cap61.91B
P/E Ratio33.40
EPS$2.43
SectorTechnology
Technical Indicators
Full analysis →
SMA 50
$80.71
Below
SMA 200
$88.46
Below
RSI (14)
50.3
Neutral
Trend
Death Cross
Bearish
Analyst Ratings
Hold
50 analysts
Price Target
+136.3% upside
Current
$78.89
$78.89
Target
$186.42
$186.42
$111.20
$186.42 avg
$241.83
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 6.58B | 5.70B | 20.24B |
| Net Income | 1.79B | 1.40B | 3.29B |
| Profit Margin | 27.3% | 25.9% | 16.2% |
| EBITDA | 2.21B | 1.82B | 5.25B |
| Free Cash Flow | — | — | 1.98B |
| Rev Growth | +15.5% | +15.5% | -3.1% |
| Debt/Equity | 0.81 | 0.81 | 0.73 |
About Fortinet Inc
Fortinet, Inc. is a leading global provider of broad, integrated, and automated cybersecurity solutions, headquartered in Sunnyvale, California. The company's FortiGate network security platform is one of the most widely deployed firewalls in the world, and its Security Fabric architecture connects a broad portfolio of products spanning network security, endpoint protection, cloud security, and operational technology security. Fortinet serves enterprises, service providers, and government organizations across more than 180 countries. The company competes with Palo Alto Networks, Check Point, and Cisco in the enterprise security market, with a particular strength in converged networking and security solutions for distributed enterprises.
Technology Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| AAPL | Apple Inc | $252.62 | +0.39% | 30.9 | 3.64T |
| MSFT | Microsoft Corp | $371.04 | -0.46% | 23.9 | 2.85T |
| ORCL | Oracle Corporation | $146.02 | -0.73% | 29.5 | 454.78B |
| PLTR | Palantir Technologies | $154.96 | +0.12% | 197.9 | 321.65B |
| IBM | Intl Business Machines Corp | $241.39 | +0.33% | 22.6 | 238.92B |
| CRM | Salesforce Inc | $181.96 | -0.58% | 24.1 | 179.61B |
FTNT Frequently Asked Questions
What does Fortinet do?
Fortinet sells cybersecurity, but its approach differs from most peers in that it designs its own proprietary security processors — the FortiASIC chips — rather than relying on commodity hardware. This lets it pack more security processing power into each appliance, which matters in large enterprise and service provider environments where throughput is critical. The FortiGate firewall is the company's flagship, but the product line extends into endpoint security, cloud security, and operational technology protection, all connected through the Security Fabric architecture that ties telemetry across the entire environment.
Is FTNT stock a good investment?
Fortinet generates a significant and growing portion of revenue from subscription and support services tied to its installed base of hardware, which creates recurring income that smooths the lumpiness of hardware sales cycles. The company has historically delivered strong revenue growth and improving operating margins. The cybersecurity sector benefits from non-discretionary demand — security budgets tend to hold up better than general IT spend during slowdowns. Risks include intense competition from Palo Alto Networks and others, and potential disruption from cloud-native security architectures that might reduce demand for physical appliances over time.
Who are Fortinet's main competitors?
Palo Alto Networks is the most direct and formidable competitor, competing across network firewalls, cloud security, and security operations with aggressive platform consolidation. Check Point Software competes in enterprise firewalls and unified threat management. Cisco's security portfolio overlaps with Fortinet in networking and security convergence. Zscaler and Cloudflare compete in cloud-delivered security and SASE, representing the cloud-native alternative to Fortinet's appliance-centric model. CrowdStrike competes in endpoint and threat intelligence.
What makes FTNT stock unique?
Fortinet's vertical integration — designing its own silicon rather than buying off-the-shelf components — gives it a structural cost and performance advantage that most cybersecurity competitors simply can't replicate without multi-year investment. The company's ability to deliver higher throughput at lower price points than rivals has made it the dominant player in mid-market and distributed enterprise environments. This hardware efficiency, combined with a growing software and services revenue stream, creates a compounding installed-base dynamic that rewards patient investors as recurring revenue grows as a share of total revenue.
Where is FTNT trading today?
FTNT last closed at $78.89, down 0.57% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $70.12 and a high of $109.33. The current price represents 22% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
What are analyst ratings for FTNT stock?
Among 50 analysts covering FTNT, the consensus rating is Hold — 16 rate it a buy, 31 hold, and 3 sell. The average price target sits at $186.42, implying 136% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
How much revenue does Fortinet Inc generate?
Fortinet Inc generated $6.58B in revenue during fiscal year 2026, with $1.79B reaching the bottom line as net income. The net profit margin of 27.3% is strong by most industry standards.
What is the price-to-earnings ratio for FTNT?
FTNT trades at a P/E ratio of 33.40 on trailing earnings of $2.43 per share. That's above the S&P 500 historical average, suggesting the market expects above-average earnings growth ahead. Comparing this multiple against Technology sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
How has FTNT performed compared to last year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: -3.27% (3M), -6.80% (6M), -21.90% (1Y), +1.30% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether FTNT is outperforming or lagging the broader market.