Fortinet, Inc. (FTNT)

US — Technology Sector
Peers: CRWV  MSI  ADSK  INFY  SNPS  TEL  WDAY  MSTR  XYZ  STX 

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Key Metrics & Ratings

  • symbol FTNT
  • Rev/Share 8.5896
  • Book/Share 0.9633
  • PB 85.0611
  • Debt/Equity 1.3548
  • CurrentRatio 1.0266
  • ROIC 0.333

 

  • MktCap 62598146743.0
  • FreeCF/Share 2.6581
  • PFCF 30.8608
  • PE 33.3734
  • Debt/Assets 0.1064
  • DivYield 0
  • ROE 1.1987

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 2
  • DCF Score 4
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade FTNT Daiwa Securities Outperform Neutral -- $86 Nov. 12, 2025
Downgrade FTNT Morgan Stanley Equal Weight Underweight -- $67 Sept. 2, 2025
Downgrade FTNT Erste Group Buy Hold -- -- Aug. 14, 2025
Upgrade FTNT DZ Bank Hold Buy -- $85 Aug. 8, 2025
Downgrade FTNT KeyBanc Capital Markets Overweight Sector Weight -- -- Aug. 7, 2025
Downgrade FTNT Piper Sandler Overweight Neutral -- $90 Aug. 7, 2025
Downgrade FTNT Morgan Stanley Overweight Equal Weight -- $78 Aug. 7, 2025
Reiterated FTNT BMO Capital Markets -- Market Perform $110 $90 Aug. 7, 2025
Downgrade FTNT TD Cowen Buy Hold -- $105 Aug. 7, 2025
Downgrade FTNT Rosenblatt Buy Neutral -- $85 Aug. 7, 2025

News

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 21, 2025 in Fortinet, Inc. Lawsuit - FTNT
FTNT
Published: November 18, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Nov. 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fortinet, Inc. ("Fortinet, Inc." or the "Company") (NASDAQ: FTNT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fortinet, Inc. investors who were adversely affected by alleged securities fraud between November 8, 2024 and August 6, 2025.

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image for news Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of November 21, 2025 in Fortinet, Inc. Lawsuit - FTNT
Fortinet and Crime Stoppers International Launch Global Cybercrime Bounty Program
FTNT
Published: November 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

SUNNYVALE, Calif., Nov. 18, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet ® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, and Crime Stoppers International (CSI), the world's only global crime reporting platform, today announced the launch of a global partnership and pioneering Cybercrime Bounty program.

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image for news Fortinet and Crime Stoppers International Launch Global Cybercrime Bounty Program
Bragar Eagel & Squire, P.C. Reminds Investors of RCI and Fortinet to Contact the Firm Regarding Upcoming Lead Plaintiff Deadlines
FTNT, RICK
Published: November 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) and Fortinet, Inc. (NASDAQ:FTNT). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

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image for news Bragar Eagel & Squire, P.C. Reminds Investors of RCI and Fortinet to Contact the Firm Regarding Upcoming Lead Plaintiff Deadlines
Shareholders that lost money on Fortinet, Inc.(FTNT) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
FTNT
Published: November 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fortinet, Inc. ("Fortinet, Inc." or the "Company") (NASDAQ: FTNT) of a class action securities lawsuit.

Read More
image for news Shareholders that lost money on Fortinet, Inc.(FTNT) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
DEADLINE ALERT for FTNT, MOH, MRX: Law Offices of Howard G. Smith Reminds Shareholders of Opportunity to Lead Securities Fraud Class Actions
FTNT
Published: November 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

BENSALEM, Pa., Nov. 17, 2025 (GLOBE NEWSWIRE) -- Law Offices of Howard G.

Read More
image for news DEADLINE ALERT for FTNT, MOH, MRX: Law Offices of Howard G. Smith Reminds Shareholders of Opportunity to Lead Securities Fraud Class Actions
FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTNT
Published: November 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fortinet, Inc. (“Fortinet” or “the Company”) (NASDAQ: FTNT) and certain of its officers.

Read More
image for news FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
DEADLINE ALERT for RICK, FTNT, and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
FTNT
Published: November 14, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 14, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Read More
image for news DEADLINE ALERT for RICK, FTNT, and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: November 14, 2025 by: PRNewsWire
Sentiment: Neutral

BENSALEM, Pa. , Nov. 14, 2025 /PRNewswire/ -- The Law Offices of Howard G.

Read More
image for news Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FTNT
Published: November 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming November 21, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) common stock between November 8, 2024 and August 6, 2025, inclusive (the “Class Period”).

Read More
image for news Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTNT
Published: November 13, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fortinet, Inc. (“Fortinet” or “the Company”) (NASDAQ: FTNT) and certain of its officers.

Read More
image for news FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Shareholders of Fortinet, Inc. (FTNT): Protect Your Rights Before November 21, 2025 - Contact Levi & Korsinsky
FTNT
Published: November 12, 2025 by: Newsfile Corp
Sentiment: Neutral

New York, New York--(Newsfile Corp. - November 12, 2025) - If you suffered a loss on your Fortinet, Inc. (NASDAQ: FTNT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/fortinet-inc-lawsuit-submission-form?prid=177022&wire=5&utm_campaign=21 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders of Fortinet, Inc. (FTNT): Protect Your Rights Before November 21, 2025 - Contact Levi & Korsinsky
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: November 12, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , Nov. 12, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Fortinet, Inc. ("Fortinet" or the "Company") (NASDAQ: FTNT) have opportunity to lead the securities fraud class action lawsuit.

Read More
image for news Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Class Action Lawsuit Filed Against Fortinet, Inc. (FTNT) - Recover Losses - Contact Levi & Korsinsky Before November 21, 2025
FTNT
Published: November 10, 2025 by: Newsfile Corp
Sentiment: Neutral

New York, New York--(Newsfile Corp. - November 10, 2025) - If you suffered a loss on your Fortinet, Inc. (NASDAQ: FTNT) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/fortinet-inc-lawsuit-submission-form?prid=176577&wire=5&utm_campaign=9 or contact Joseph E. Levi, Esq.

Read More
image for news Class Action Lawsuit Filed Against Fortinet, Inc. (FTNT) - Recover Losses - Contact Levi & Korsinsky Before November 21, 2025
Fortinet, Inc. Class Action: The Gross Law Firm Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 – FTNT
FTNT
Published: November 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Fortinet, Inc. (NASDAQ: FTNT).

Read More
image for news Fortinet, Inc. Class Action: The Gross Law Firm Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 – FTNT
Here's Why Fortinet (FTNT) is a Strong Growth Stock
FTNT
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Here's Why Fortinet (FTNT) is a Strong Growth Stock
Investing in Fortinet (FTNT)? Don't Miss Assessing Its International Revenue Trends
FTNT
Published: November 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

Explore how Fortinet's (FTNT) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

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image for news Investing in Fortinet (FTNT)? Don't Miss Assessing Its International Revenue Trends
Microsoft Or Fortinet: Which Stock Has More Upside?
FTNT, MSFT
Published: November 07, 2025 by: Forbes
Sentiment: Neutral

While Fortinet dropped by -6.3% over the past day, its counterpart Microsoft may prove to be a superior option. Regularly assessing different choices is fundamental to a wise investment strategy.

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image for news Microsoft Or Fortinet: Which Stock Has More Upside?
Fortinet Q3 Earnings & Revenues Surpass Estimates, Both Increase Y/Y
FTNT
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT posts strong Q3 gains with EPS and revenues topping estimates, driven by double-digit growth across segments.

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image for news Fortinet Q3 Earnings & Revenues Surpass Estimates, Both Increase Y/Y
FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTNT
Published: November 06, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fortinet, Inc. (“Fortinet” or “the Company”) (NASDAQ: FTNT) and certain of its officers.

Read More
image for news FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: November 05, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , Nov. 5, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against Fortinet, Inc. ("Fortinet" or the "Company") (NASDAQ: FTNT). IF YOU SUFFERED A LOSS ON YOUR FORTINET INVESTMENTS, CLICK HERE BEFORE NOVEMBER 21, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT What Is The Lawsuit About?

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image for news Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
DEADLINE ALERT for RICK, FTNT, and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
FTNT
Published: November 04, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 04, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Read More
image for news DEADLINE ALERT for RICK, FTNT, and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
FTNT Stock Down 14.6% in 3 Months: Buy the Dip or Wait for Recovery?
FTNT
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Negative

Fortinet FTNT has experienced a turbulent period over the past three months, with its stock declining approximately 14.6%. This downturn stands in stark contrast to the broader Zacks Security industry, which has rallied 11% during the same timeframe.

Read More
image for news FTNT Stock Down 14.6% in 3 Months: Buy the Dip or Wait for Recovery?
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: October 31, 2025 by: PRNewsWire
Sentiment: Neutral

BENSALEM, Pa. , Oct. 31, 2025 /PRNewswire/ -- The Law Offices of Howard G.

Read More
image for news Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Stay Ahead of the Game With Fortinet (FTNT) Q3 Earnings: Wall Street's Insights on Key Metrics
FTNT
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

Besides Wall Street's top-and-bottom-line estimates for Fortinet (FTNT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2025.

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image for news Stay Ahead of the Game With Fortinet (FTNT) Q3 Earnings: Wall Street's Insights on Key Metrics
Here is What to Know Beyond Why Fortinet, Inc. (FTNT) is a Trending Stock
FTNT
Published: October 31, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Fortinet (FTNT). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Here is What to Know Beyond Why Fortinet, Inc. (FTNT) is a Trending Stock
DEADLINE ALERT for RICK, FTNT and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
FTNT
Published: October 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Oct. 30, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Read More
image for news DEADLINE ALERT for RICK, FTNT and MOH: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fortinet, Inc.
FTNT
Published: October 29, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Oct. 29, 2025 /PRNewswire/ -- A securities fraud class action lawsuit against Fortinet, Inc. (NASDAQ: FTNT) is pending. The lawsuit was filed by Bleichmar Fonti & Auld LLP.

Read More
image for news LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fortinet, Inc.
LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fortinet, Inc.
FTNT
Published: October 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- A securities fraud class action lawsuit against Fortinet, Inc. (NASDAQ: FTNT) is pending. The lawsuit was filed by Bleichmar Fonti & Auld LLP. A previous press release stated incorrectly that Levi & Korsinsky filed the case. This press release makes that correction. There are no other changes. If you suffered a loss on your investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:

Read More
image for news LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fortinet, Inc.
November 21, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against FTNT
FTNT
Published: October 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Fortinet, Inc. ("Fortinet, Inc." or the "Company") (NASDAQ: FTNT) of a class action securities lawsuit.

Read More
image for news November 21, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against FTNT
Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FTNT
Published: October 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming November 21, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) common stock between November 8, 2024 and August 6, 2025, inclusive (the “Class Period”).

Read More
image for news Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

About Fortinet, Inc. (FTNT)

  • IPO Date 2009-11-18
  • Website https://www.fortinet.com
  • Industry Software - Infrastructure
  • CEO Ken Xie
  • Employees 14556

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.