Fortinet, Inc. (FTNT)

US — Technology Sector
Peers: ZS  PANW  CRWD  OKTA  NET  NOW 

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Key Metrics & Ratings

  • symbol FTNT
  • Rev/Share 7.9945
  • Book/Share 2.5549
  • PB 37.8024
  • Debt/Equity 0.5069
  • CurrentRatio 1.3627
  • ROIC 0.2654

 

  • MktCap 73923877280.0
  • FreeCF/Share 2.691
  • PFCF 35.7552
  • PE 39.4841
  • Debt/Assets 0.0956
  • DivYield 0
  • ROE 1.6156

 

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

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
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
Downgrade FTNT KeyBanc Capital Markets Overweight Sector Weight -- -- Aug. 7, 2025
Downgrade FTNT Piper Sandler Overweight Neutral -- $90 Aug. 7, 2025
Reiterated FTNT BMO Capital Markets -- Market Perform $122 $110 May 8, 2025
Downgrade FTNT DZ Bank Hold Sell -- $95 May 6, 2025
Initiation FTNT Roth Capital -- Neutral -- $103 April 23, 2025
Initiation FTNT Stephens -- Equal Weight -- $108 April 1, 2025

News

Fortinet Q2 Earnings Surpass Estimates, Sales Increase Y/Y
FTNT
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT beats Q2 estimates with 13.6% revenue growth, driven by strong gains in EMEA, SASE and SecOps segments.

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image for news Fortinet Q2 Earnings Surpass Estimates, Sales Increase Y/Y
Great Plains Communications Leverages Fortinet Technology to Provide Next-Generation Firewall Services for Small to Medium Sized Businesses
FTNT
Published: August 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

Blair, Nebraska, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Great Plains Communications (GPC), the leading Midwestern telecommunications provider, today announced it will be leveraging Fortinet FortiGate Next-Generation Firewalls to deliver fully managed firewall and cybersecurity services. As small and medium-sized businesses increasingly rely on the public internet for mission-critical applications, GPC's high-speed internet access paired with Fortinet's advanced firewall protection, ensures secure, fast and reliable connectivity. Smaller businesses often lack the robust security resources of large enterprises making them particularly vulnerable to cyber and other security threats. Great Plains Communications offers managed network security services powered by Fortinet FortiGate Next Generation …

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image for news Great Plains Communications Leverages Fortinet Technology to Provide Next-Generation Firewall Services for Small to Medium Sized Businesses
Fortinet Stock Before Q2 Earnings: Buy Now or Wait for Results?
FTNT
Published: August 04, 2025 by: Zacks Investment Research
Sentiment: Positive

Buy Fortinet ahead of Q2 results. Record margins, FortiGate 700G launch, and 18% SASE growth create compelling earnings catalysts for August performance.

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image for news Fortinet Stock Before Q2 Earnings: Buy Now or Wait for Results?
What Analyst Projections for Key Metrics Reveal About Fortinet (FTNT) Q2 Earnings
FTNT
Published: August 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

Evaluate the expected performance of Fortinet (FTNT) for the quarter ended June 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

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image for news What Analyst Projections for Key Metrics Reveal About Fortinet (FTNT) Q2 Earnings
Fortinet, Inc. (FTNT) is Attracting Investor Attention: Here is What You Should Know
FTNT
Published: August 01, 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.

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image for news Fortinet, Inc. (FTNT) is Attracting Investor Attention: Here is What You Should Know
5 High ROE Stocks to Buy as Markets Retreat on China Tariff Stalemate
BBVA, DIS, FTNT, ON, TEL
Published: July 30, 2025 by: Zacks Investment Research
Sentiment: Positive

As markets pull back on China tariff tension, DIS, TEL, FTNT, BBVA, and ON shine with high ROE and strong fundamentals.

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image for news 5 High ROE Stocks to Buy as Markets Retreat on China Tariff Stalemate
3 Great Growth Stocks to Buy-and-Hold for the Next 10 Years
CCJ, FIX, FTNT
Published: July 30, 2025 by: MarketBeat
Sentiment: Positive

Buy-and-hold investors frequently buy blue-chip stocks. These are large-cap and mega-cap stocks that have mature business models.

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image for news 3 Great Growth Stocks to Buy-and-Hold for the Next 10 Years
Fortinet Fabric-Ready Technology Alliance Partner Program Surpasses 3,000 Integrations Across More Than 400 Partners
FTNT
Published: July 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

Fortinet's industry-leading Open Ecosystem simplifies security and accelerates digital transformation for organizations worldwide Fortinet's industry-leading Open Ecosystem simplifies security and accelerates digital transformation for organizations worldwide

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image for news Fortinet Fabric-Ready Technology Alliance Partner Program Surpasses 3,000 Integrations Across More Than 400 Partners
AI-Driven Cybersecurity Boom Makes These 3 Stocks Worth Buying
CYBR, FTNT, OKTA
Published: July 23, 2025 by: Zacks Investment Research
Sentiment: Positive

With cyberattacks increasing and companies rapidly shifting to cloud-based operations, cybersecurity firms with AI capabilities are positioned for long-term growth.

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image for news AI-Driven Cybersecurity Boom Makes These 3 Stocks Worth Buying
Fortinet Expands via Cross-Selling: A Path to More Profitability?
FTNT
Published: July 22, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT drives record margins by cross-selling SASE and SecOps to existing clients, boosting ARR, cash flow and growth outlook.

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image for news Fortinet Expands via Cross-Selling: A Path to More Profitability?
6 Cybersecurity Stocks to Buy Now
CHKP, CRWD, FTNT, PANW, ZS
Published: July 21, 2025 by: Kiplinger
Sentiment: Positive

With global security spending continuing to rise, these cybersecurity stocks are worth a closer look.

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image for news 6 Cybersecurity Stocks to Buy Now
Can Cybersecurity Boom Push FTNT Stock Past its 10.5% Gain in 6 Months?
FTNT
Published: July 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet's record 34% margins and AI innovation create perfect storm for the rest of 2025 growth. Buy before firewall refresh cycle ignites.

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image for news Can Cybersecurity Boom Push FTNT Stock Past its 10.5% Gain in 6 Months?
Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
FTNT
Published: July 16, 2025 by: Zacks Investment Research
Sentiment: Neutral

Fortinet (FTNT) reached $103.44 at the closing of the latest trading day, reflecting a -1.42% change compared to its last close.

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image for news Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
Fortinet Recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for SASE Platforms
FTNT
Published: July 15, 2025 by: GlobeNewsWire
Sentiment: Neutral

Fortinet believes its long-term vision of converging networking and security is validated by being named a Leader in both the 2025 SASE Platforms and 2024 SD-WAN Gartner Magic Quadrant reports Fortinet believes its long-term vision of converging networking and security is validated by being named a Leader in both the 2025 SASE Platforms and 2024 SD-WAN Gartner Magic Quadrant reports

Read More
image for news Fortinet Recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for SASE Platforms
5 High-ROE Stocks to Buy as Markets Soar Despite Tariff Threats
BBVA, CL, DIS, FTNT, TEL
Published: July 15, 2025 by: Zacks Investment Research
Sentiment: Positive

DIS, TEL, FTNT, BBVA and CL are some of the stocks with high ROE to profit from as markets rise despite a fresh tariff salvo.

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image for news 5 High-ROE Stocks to Buy as Markets Soar Despite Tariff Threats
Top Stock Movers Now: Autodesk, Fortinet, Waters, and More
ADSK, FTNT, WAT
Published: July 14, 2025 by: Investopedia
Sentiment: Neutral

Major U.S. equities indexes were little changed at midday Monday, as investors weighed the possible impact of the latest tariff announcements from President Trump.

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image for news Top Stock Movers Now: Autodesk, Fortinet, Waters, and More
FTNT's Subscription-Based Services Gain Steam: A Sign of More Upside?
FTNT
Published: July 10, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet's recurring revenues climb as demand for SASE and SecOps solutions drives its subscription model forward.

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image for news FTNT's Subscription-Based Services Gain Steam: A Sign of More Upside?
FTNT vs. CHKP: Which Network Security Stock is the Better Pick?
CHKP, FTNT
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet beats Check Point with superior growth momentum, stronger SASE positioning, and firewall refresh catalysts.

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image for news FTNT vs. CHKP: Which Network Security Stock is the Better Pick?
Fortinet Report: OT Cybersecurity Risk Elevates within Executive Leadership Ranks
FTNT
Published: July 09, 2025 by: GlobeNewsWire
Sentiment: Neutral

More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the C-suite is responsible for OT, up from 41% in 2022 More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the C-suite is responsible for OT, up from 41% in 2022

Read More
image for news Fortinet Report: OT Cybersecurity Risk Elevates within Executive Leadership Ranks
Is Fortinet Ready to Break Out After Months of Consolidation?
FTNT
Published: July 08, 2025 by: MarketBeat
Sentiment: Positive

Over the past few months, market momentum has surged, with several sectors outperforming the broader market. While financials, technology, and even utilities have all shown strength, the cybersecurity industry remains a consistent outperformer.

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image for news Is Fortinet Ready to Break Out After Months of Consolidation?
Fortinet: Highly Profitable, Founder-Led, And With Industry Tailwinds
FTNT
Published: July 02, 2025 by: Seeking Alpha
Sentiment: Positive

The cybersecurity industry enjoys robust growth, with remote work, cloud, and AI providing strong tailwinds for Fortinet. Fortinet is led by its founders, who have a proven track record and a substantial stake in the company. Margin expansion, strong revenue growth, and high ROIC highlight Fortinet's focus on profitability versus peers.

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image for news Fortinet: Highly Profitable, Founder-Led, And With Industry Tailwinds
Fortinet Recognized as the Overall Leader for the Third Time in a Row in the Westlands Advisory IT/OT Network Protection Platform Navigator 2025™ Report
FTNT
Published: July 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

Fortinet earns top ranking in both Strategic Direction and Capability Fortinet earns top ranking in both Strategic Direction and Capability

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image for news Fortinet Recognized as the Overall Leader for the Third Time in a Row in the Westlands Advisory IT/OT Network Protection Platform Navigator 2025™ Report
What Makes FortiGate the Core Driver of Fortinet's Product Growth?
FTNT
Published: June 30, 2025 by: Zacks Investment Research
Sentiment: Positive

FortiGate continues to power FTNT's growth with mid-teens hardware gains and new launches like the 700G series for enterprises.

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image for news What Makes FortiGate the Core Driver of Fortinet's Product Growth?
Fortinet Named a Leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure for the Second Year in a Row
FTNT
Published: June 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

Fortinet wired and WLAN solutions have long been integrated into the Fortinet Security Fabric, delivering a proven, AI-powered platform that converges networking and security to reduce complexity, mitigate cyber risk, lower costs, and improve performance Fortinet wired and WLAN solutions have long been integrated into the Fortinet Security Fabric, delivering a proven, AI-powered platform that converges networking and security to reduce complexity, mitigate cyber risk, lower costs, and improve performance

Read More
image for news Fortinet Named a Leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure for the Second Year in a Row
FTNT's Unified SASE Strategy Drives Growth: Hold or Fold the Stock?
FTNT
Published: June 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

Fortinet's unified SASE strategy fuels growth, but premium valuation and fierce competition keep the stock in hold territory.

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image for news FTNT's Unified SASE Strategy Drives Growth: Hold or Fold the Stock?
Final Trades: Crowdstrike, Leidos Holdings, Fortinet and the BUG
CRWD, FTNT, LDOS
Published: June 23, 2025 by: CNBC Television
Sentiment: Neutral

The Investment Committee react to the news out of Qatar and give you their top stocks to watch for the second half.

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image for news Final Trades: Crowdstrike, Leidos Holdings, Fortinet and the BUG
Fortinet Strengthens Code-to-Cloud Security with CNAPP Enhancements and Launches Expanded Solution Availability in AWS Marketplace
FTNT
Published: June 17, 2025 by: GlobeNewsWire
Sentiment: Neutral

SUNNYVALE, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced powerful updates to Lacework FortiCNAPP, making it easier than ever for customers to secure applications and workloads across hybrid and multi-cloud environments.

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image for news Fortinet Strengthens Code-to-Cloud Security with CNAPP Enhancements and Launches Expanded Solution Availability in AWS Marketplace
Here's Why Fortinet (FTNT) is a Strong Growth Stock
FTNT
Published: June 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

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image for news Here's Why Fortinet (FTNT) is a Strong Growth Stock
Is Fortinet's FortiGuard AI Service Becoming a Key Growth Driver?
FTNT
Published: June 09, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT leans into FortiGuard AI to drive growth, as services now make up 70% of revenues and power key product innovations.

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image for news Is Fortinet's FortiGuard AI Service Becoming a Key Growth Driver?
SentinelOne vs. Fortinet: Which Cybersecurity Stock is the Better Buy?
FTNT, S
Published: June 06, 2025 by: Zacks Investment Research
Sentiment: Positive

S is outpacing FTNT in AI-led security, platform growth and adoption across the enterprise and public sectors.

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image for news SentinelOne vs. Fortinet: Which Cybersecurity Stock is the Better Buy?

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.