Price
No data yet.
Social Signal Score
Analyst Ratings
69 analystsRevenue
$2.05B+546.75%Analyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Ken Xie
- Sector
- Technology
- Industry
- Software - Infrastructure
- Employees
- 15,472
- Beta
- 1.06
- Country
- US
- Piotroski score
- 6 / 9 (Middling)
- Altman Z-score
- 10.16
Financials
Revenue
$2.05B+546.7%Net Income
$606.30M+9537.6%EBITDA
$764.80M+3572.3%Free Cash Flow
$965.60M+1275.1%EPS (diluted)
$0.82+10150.0%Shares Outstanding (diluted)
741.30M-16.7%Operating Expenses
$955.20MCash & Debt
$4.07BReturn of Capital
$149.80MRevenue by Segment (annual)
$6.80BQuote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $6.80B | $1.85B | $2.44 |
| 2024 | $5.96B | $1.75B | $2.28 |
| 2023 | $5.30B | $1.15B | $1.47 |
| 2022 | $4.42B | $857.30M | $1.08 |
| 2021 | $3.34B | $606.80M | $0.74 |
| 2020 | $2.59B | $488.50M | $0.60 |
| 2019 | $2.16B | $331.70M | $0.39 |
| 2018 | $1.80B | $334.90M | $0.39 |
| 2017 | $1.49B | $31.40M | $0.04 |
| 2016 | $1.28B | $32.20M | $0.04 |
| 2015 | $1.01B | $7.99M | $0.01 |
| 2014 | $770.36M | $25.34M | $0.03 |
| 2013 | $615.30M | $44.27M | $0.05 |
| 2012 | $533.64M | $66.84M | $0.08 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from FTNT's reported EPS growth of 29.6% a year over 13 years.
- EPS in 5 years
- $9.12
- Implied price
- $300.93
- Return from $180.95
- 10.7% a year
To earn 15.0% a year on these assumptions you'd need to buy at $149.61 — -17.3% below today's price.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 23 | 28 | 33 | 38 | 43 |
|---|---|---|---|---|---|
| 19.6% | -5.0% | -1.1% | 2.2% | 5.1% | 7.7% |
| 24.6% | -1.0% | 3.0% | 6.4% | 9.5% | 12.2% |
| 29.6% | 3.0% | 7.1% | 10.7% | 13.9% | 16.7% |
| 34.6% | 7.0% | 11.3% | 15.0% | 18.3% | 21.2% |
| 39.6% | 10.9% | 15.4% | 19.3% | 22.7% | 25.7% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
165+230.00%Social Signal Score
Mentions (47)
- News (RSS)fool·12h ago·Positive
Better Buy: Fortinet or Palo Alto Networks? There is one big difference between these two cybersecurity companies right now.
View source ↗ - Newsfool.com·16h ago·Neutral
Does the Proliferation of Agentic AI Make Fortinet Stock a No Brainer? Increasing agentic actions are increasing the demand for cybersecurity.
View source ↗ - Newszacks.com·21h ago·Positive
3 Reasons to Buy Fortinet Stock After a 119.9% Rise in 6 Months FTNT's AI-driven product demand, raised 2026 guidance and expanding security portfolio support further growth despite its 119.9% rally.
View source ↗ - News247wallst.com·2d ago·Negative
Fortinet Turned $1,000 Into $24,579 in a Decade While the S&P 500 Delivered $3,585 Fortinet built its own chips when rivals wouldn't, kept its founder at the helm, and sat through a brutal two-year slump that punished investors who blinked.
View source ↗ - Newszacks.com·3d ago·Negative
Why Fortinet (FTNT) Outpaced the Stock Market Today Fortinet (FTNT) reached $180.95 at the closing of the latest trading day, reflecting a +1.25% change compared to its last close.
View source ↗ - Newsglobenewswire.com·4d ago·Neutral
Fortinet to Announce Third Quarter 2026 Financial Results SUNNYVALE, Calif., Oct. 02, 2026 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its third quarter 2026 financial results on Wednesday, October 28, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
View source ↗ - News (RSS)seekingalpha·5d ago·Positive
Fortinet: I'm Up Over 100% But I'm Still Not Selling
View source ↗ - Newsseekingalpha.com·5d ago·Positive
Fortinet: I'm Up Over 100% But I'm Still Not Selling Fortinet remains a Strong Buy, driven by raised guidance, robust data center traction, and superior product economics versus peers. FTNT's ASIC-powered firewalls deliver 8–15x throughput and 30–50% lower list prices than PANW, fueling rapid market share gains in data centers. Data center deals now represent up to 16% of FTNT's product revenues, with potential for further breakout and upside in upcoming quarters.
View source ↗ - Newszacks.com·5d ago·Positive
Is Fortinet (FTNT) a Solid Growth Stock? 3 Reasons to Think "Yes" Fortinet (FTNT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
View source ↗ - Newsmarketbeat.com·8d ago·Positive
2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind For a while, the rise of artificial intelligence (AI) looked like it might be a problem for cybersecurity companies. The worry was that leading AI labs could easily replicate and outperform the software built by established cybersecurity companies.
View source ↗ - Newszacks.com·10d ago·Positive
Fortinet (FTNT) Stock Sinks As Market Gains: What You Should Know Fortinet (FTNT) closed at $173.46 in the latest trading session, marking a -2.92% move from the prior day.
View source ↗ - News247wallst.com·12d ago·Negative
7 Cybersecurity Stocks Riding the AI Security Boom U.S. cybersecurity stocks jumped after warnings about erratic AI behavior. Palo Alto Networks rose 10.0% and Fortinet 8.8% in the September 11–18 trading week.
View source ↗ - Newszacks.com·13d ago·Neutral
Fortinet Stock Jumps on Security Platform Demand: What's Ahead? FTNT shares hit a 52-week high as platform demand accelerates, with AI security expansion and raised 2026 guidance adding momentum.
View source ↗ - Newszacks.com·14d ago·Positive
Fortinet vs. Datadog: Which Cloud Security Stock Has Better Potential? FTNT pairs faster billings growth, robust cash flow and a lower valuation, while DDOG delivers stronger revenue growth but faces near-term customer pressure.
View source ↗ - Newszacks.com·14d ago·Positive
Fortinet (FTNT) is a Great Momentum Stock: Should You Buy? Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.
View source ↗ - Newszacks.com·17d ago·Neutral
Fortinet (FTNT) Stock Declines While Market Improves: Some Information for Investors Fortinet (FTNT) concluded the recent trading session at $169.41, signifying a -1.84% move from its prior day's close.
View source ↗ - PodcastCompound And Friends·18d ago·Positive
…e an RSA's security conference next year? Well, if you look at CrowdStrike, I'm just seeing, narratives create the opportunities, cyber security stocks, CrowdStrike, Fortinet, Palo Alto, or all up 100% plus on the year.
View source ↗ - Newszacks.com·18d ago·Neutral
Can Palo Alto Networks' SASE Push Help It Challenge FTNT and ZS? PANW's SASE bookings surge 40% in fiscal 2026 as platform consolidation and rising AI traffic create opportunities to challenge FTNT and ZS.
View source ↗ - Newszacks.com·20d ago·Positive
Fortinet (FTNT) Recently Broke Out Above the 20-Day Moving Average Fortinet (FTNT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FTNT crossed above the 20-day moving average, suggesting a short-term bullish trend.
View source ↗ - Newszacks.com·20d ago·Positive
Fortinet (FTNT) Just Overtook the 50-Day Moving Average After reaching an important support level, Fortinet (FTNT) could be a good stock pick from a technical perspective. FTNT surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
View source ↗ - Newszacks.com·21d ago·Positive
2 Top Cybersecurity Stocks to Buy Amid AI Safety Fears: FTNT, QLYS Fortinet (FTNT) and Qualys (QLYS) both sport a Zacks Rank #1 (Strong Buy) and are two ideal stocks to consider as AI safety takes center stage.
View source ↗ - Newszacks.com·21d ago·Negative
Fortinet (FTNT) is an Incredible Growth Stock: 3 Reasons Why Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
View source ↗ - Newsmarketbeat.com·23d ago·Neutral
Fortinet Sees AI, Neocloud Buildout Fueling Network Security Demand Fortinet NASDAQ: FTNT executives said the cybersecurity company sees artificial intelligence as a growing source of demand for network security, particularly as enterprises and emerging “neocloud” providers build AI infrastructure and seek to protect machine-generated traffic.
View source ↗ - Newszacks.com·24d ago·Positive
Fortinet (FTNT) Stock Dips While Market Gains: Key Facts Fortinet (FTNT) closed at $156.07 in the latest trading session, marking a -1.75% move from the prior day.
View source ↗ - Newszacks.com·25d ago·Neutral
Fortinet (FTNT) Advances While Market Declines: Some Information for Investors Fortinet (FTNT) concluded the recent trading session at $158.85, signifying a +1.04% move from its prior day's close.
View source ↗ - Newsglobenewswire.com·25d ago·Neutral
Fortinet Named a Leader in the 2026 Gartner® Magic Quadrant™ Report for Hybrid Mesh Firewall Proven customer adoption across the broadest range of enterprise environments and continued innovation in AI, networking, cloud, and quantum security Proven customer adoption across the broadest range of enterprise environments and continued innovation in AI, networking, cloud, and quantum security
View source ↗ - Newsseekingalpha.com·27d ago·Positive
…ustained Growth Fortinet remains a Buy, driven by robust billings growth, accelerating product sales, and strong margin performance across its hybrid security model. FTNT's deferred revenue reached $7.68B, with management guiding for 25% billings growth and 19% revenue growth, underpinned by recurring service contracts. Operating leverage is evident: non-GAAP operating margin hit 38%, adjusted free cash flow margin reached 49%, and free cash flow more than tripled year-over-year.
View source ↗ - News (RSS)seekingalpha·27d ago·Positive
Fortinet, Inc. (FTNT) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
View source ↗ - Newsseekingalpha.com·27d ago·Positive
Fortinet, Inc. (FTNT) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript Fortinet, Inc. (FTNT) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
View source ↗ - News (RSS)fool·33d ago·Positive
3 No-Brainer Tech Stocks to Buy With $5,000 Right Now Cipher Digital, Marvell Technology, and Fortinet are riding multiyear tailwinds.
View source ↗ - PodcastCompound And Friends·34d ago·Positive
…d that was a big part of the game. People like that they did a partnership with Anthropic, everybody feel better, close, it's great, yeah, please, Palo Alto Networks Fortinet and Atlassian team. Those are all software stocks on the list of the best stocks in the market, and we, that could be zero guys, we don't have like a quota per sector and for a long time it was zero, and now it is six, so think, here real quick, Fortinet, put this up, looks amazing, cybersecurity, salesforce, look, I mean, …
View source ↗ - Newszacks.com·34d ago·Positive
Will Fortinet Stock Gain on Cybersecurity Demand and Education Push? FTNT's cybersecurity education push, AI security advances and strong Q2 results support its raised 2026 outlook and growth trajectory.
View source ↗ - Newsglobenewswire.com·36d ago·Positive
Fortinet Launches Free High School Cybersecurity Curriculum to Build the Next Generation of Cyber Defenders Fortinet Training Institute's New Technical High School Cybersecurity Curriculum gives U.S. secondary schools a no-cost, standards-aligned entry point into a two-year cybersecurity pathway Fortinet Training Institute's New Technical High School Cybersecurity Curriculum gives U.S. secondary schools a no-cost, standards-aligned entry point into a two-year cybersecurity pathway
View source ↗ - Newsglobenewswire.com·38d ago·Positive
Stanford Athletics and Cybersecurity Leader Fortinet Team Up for Multi-Year Sponsorship STANFORD, Calif., Aug. 28, 2026 (GLOBE NEWSWIRE) -- Stanford Athletics has announced a new multi-year sponsorship agreement with Fortinet, the global cybersecurity leader driving the convergence of networking and security, to support its continued investment in student-athletes, athletic programs, and world-class experiences.
View source ↗ - Newszacks.com·38d ago·Positive
Fortinet Stock Surges on Security Platform Momentum: What's Ahead? FTNT's platform momentum gains traction as CMMC certification, AI security and product expansion fuel demand across enterprise and government markets.
View source ↗ - Newszacks.com·38d ago·Positive
Fortinet (FTNT) Crossed Above the 20-Day Moving Average: What That Means for Investors From a technical perspective, Fortinet (FTNT) is looking like an interesting pick, as it just reached a key level of support. FTNT recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
View source ↗ - News (RSS)investing·39d ago·Neutral
Fortinet stock hits all-time high at 172.25 USD
View source ↗ - Newsseekingalpha.com·40d ago·Neutral
…ation Leaves Limited Margin Of Safety Fortinet stock has surged over 100% in 2026, driven by robust AI-driven cybersecurity demand and strong product revenue growth. FTNT's free cash flow, billings, and deferred revenue are strong, with gross margins near 80% and a clean balance sheet supporting aggressive buybacks. Valuation models (FCFF, FCFE, residual income) converge on an intrinsic value range of $120–150 per share, below the current ~$160 price.
View source ↗ - 4chan /biz/biz·40d ago·Neutral
>>62633272 FTNT and S both made me money in jan
View source ↗ - Newszacks.com·46d ago·Positive
3 Reasons Growth Investors Will Love Fortinet (FTNT) Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
View source ↗ - Newszacks.com·48d ago·Neutral
Fortinet Expands AI Security With Virtue AI: Can Growth Accelerate? FTNT's Virtue AI acquisition expands AI runtime and agent security, adding new capabilities as enterprise AI deployments move into production.
View source ↗ - Newsmarketbeat.com·49d ago·Neutral
Fortinet Sees Surging Hardware, SASE Demand as AI and OT Security Fuel Growth Fortinet NASDAQ: FTNT CFO Christiane Ohlgart said the cybersecurity company's second-quarter performance was supported by broad-based global demand, accelerating hardware sales and growing adoption of secure networking and unified secure access service edge, or SASE, offerings.
View source ↗ - Newsglobenewswire.com·50d ago·Neutral
Fortinet Advances Continuous AI Protection with the Acquisition of Virtue AI Virtue AI will enhance the Fortinet AI-Native Security Fabric with continuous agentic AI validation and runtime protection across the AI lifecycle Virtue AI will enhance the Fortinet AI-Native Security Fabric with continuous agentic AI validation and runtime protection across the AI lifecycle
View source ↗ - Newsfxempire.com·53d ago·Neutral
AI Sales Push Fortinet Shares to New Heights Shares of Fortinet, Inc. (FTNT) gain 7,982% since institutions first bought big in 2010.
View source ↗ - Newszacks.com·54d ago·Positive
Fortinet Lifts 2026 Guidance on Firewall, SASE Demand: Buy the Stock? FTNT raises 2026 guidance as firewall refreshes and SASE adoption accelerate, and AI and silicon advances strengthen its growth outlook.
View source ↗ - News (RSS)fool·55d ago·Neutral
Massive Update for Fortinet Stock Investors Fortinet's share prices have nearly doubled in 2026.
View source ↗ - Newsfool.com·55d ago·Neutral
Massive Update for Fortinet Stock Investors Fortinet (FTNT -1.41%) stock is soaring in 2026.
View source ↗
Earnings
Wed, Oct 28(in 3 weeks)
Consensus estimate $0.86 per share
Typical surprise +17.3% (median, so one quarter with a near-zero estimate can't distort it)
- Wed, Jul 29$0.90 vs $0.75beat
- Wed, May 6$0.82 vs $0.62beat
- Thu, Feb 5$0.81 vs $0.74beat
- Wed, Nov 5$0.74 vs $0.63beat
- Wed, Aug 6$0.64 vs $0.59beat
- Wed, May 7$0.58 vs $0.53beat
Estimates and results for FTNT via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Insider trading
Open-market buys and sells by FTNT officers and directors.
- Bought
- $8k
- Sold
- $59.7m
1 trade
24 trades
- Ohlgart Christianesold
- Whittle Johnsold
- Whittle Johnsold
- Whittle Johnsold
- Ohlgart Christianesold
- Xie Michaelsold
- Xie Michaelsold
- Xie Michaelsold
75 further Form 4 entries are share awards, option exercises or shares withheld for tax. Those are compensation, not trades, so they are excluded above. Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.
Congress trades
- Ro Khannahouse · CA17 · disclosed Sep 7, 2026 (28d later)Sell$1,001 - $15,000
- Ro Khannahouse · CA17 · disclosed Aug 12, 2026 (36d later)Buy$1,001 - $15,000
- Alan Armstrongsenate · disclosed Jul 21, 2026 (116d later)Buy$1,001 - $15,000
- Daniel Milton Newhousehouse · WA04 · disclosed Jul 20, 2026 (10d later)Sell$1,001 - $15,000
- Gilbert Ray Cisneroshouse · CA31 · disclosed May 11, 2026 (27d later)Sell$1,001 - $15,000
- Gilbert Ray Cisneroshouse · CA31 · disclosed Apr 8, 2026 (26d later)Buy$1,001 - $15,000
- Tony Wiedhouse · WI08 · disclosed Mar 12, 2026 (21d later)Sell$15,001 - $50,000
- Ro Khannahouse · CA17 · disclosed Feb 10, 2026 (28d later)Buy$1,001 - $15,000
- Lisa C. McClainhouse · MI09 · disclosed Nov 24, 2025 (24d later)Sell$1,001 - $15,000
- Lisa C. McClainhouse · MI09 · disclosed Nov 24, 2025 (25d later)Sell$1,001 - $15,000
- Lisa C. McClainhouse · MI09 · disclosed Nov 24, 2025 (25d later)Buy$1,001 - $15,000
- Byron Donaldshouse · FL19 · disclosed Nov 19, 2025 (41d later)Buy$1,001 - $15,000
- Byron Donaldshouse · FL19 · disclosed Nov 19, 2025 (41d later)Buy$1,001 - $15,000
- Tony Wiedhouse · WI08 · disclosed Nov 14, 2025 (18d later)Sell$15,001 - $50,000
- Byron Donaldshouse · FL19 · disclosed Oct 8, 2025 (34d later)Sell$1,001 - $15,000
- Byron Donaldshouse · FL19 · disclosed Oct 8, 2025 (34d later)Sell$1,001 - $15,000
- Ro Khannahouse · CA17 · disclosed Oct 3, 2025 (28d later)Sell$1,001 - $15,000
- Lisa C. McClainhouse · MI09 · disclosed Sep 15, 2025 (33d later)Buy$1,001 - $15,000
- Ro Khannahouse · CA17 · disclosed Sep 12, 2025 (17d later)Buy$1,001 - $15,000
- Jefferson Shrevehouse · IN06 · disclosed Jun 23, 2025 (42d later)Sell$15,001 - $50,000
Self-reported filings, amounts as brackets. Via Senate/House disclosures.