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 81.9364
  • Debt/Equity 1.3548
  • CurrentRatio 1.0266
  • ROIC 0.3325

 

  • MktCap 60481380274.0
  • FreeCF/Share 2.6581
  • PFCF 29.8173
  • PE 32.1475
  • 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 Scotiabank Sector Outperform Sector Perform -- $85 Feb. 2, 2026
Upgrade FTNT Rosenblatt Neutral Buy -- $100 Jan. 29, 2026
Upgrade FTNT TD Cowen Hold Buy -- $100 Jan. 23, 2026
Downgrade FTNT JP Morgan Neutral Underweight -- $75 Dec. 17, 2025
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 TD Cowen Buy Hold -- $105 Aug. 7, 2025
Downgrade FTNT Piper Sandler Overweight Neutral -- $90 Aug. 7, 2025

News

Fortinet Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
FTNT
Published: February 06, 2026 by: Zacks Investment Research
Sentiment: Positive

FTNT tops Q4 estimates as earnings and revenues rise year over year, fueled by strong enterprise demand and momentum in Unified SASE and Security Ops.

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image for news Fortinet Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
Fortinet fourth quarter earnings beat driven by enterprise demand
FTNT
Published: February 06, 2026 by: Proactive Investors
Sentiment: Positive

Fortinet Inc (NASDAQ:FTNT) reported fourth-quarter 2025 earnings that exceeded analyst expectations on both revenue and earnings per share, sending its stock about 3% higher in early trade on Friday. For the quarter, the cybersecurity firm reported EPS of $0.81, above the Wall Street consensus estimate of $0.74, and revenue of $1.91 billion, surpassing the $1.86 billion forecast.

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image for news Fortinet fourth quarter earnings beat driven by enterprise demand
Fortinet Gears Up to Report Q4 Earnings: How to Play the Stock
FTNT
Published: February 03, 2026 by: Zacks Investment Research
Sentiment: Positive

FTNT heads into Q4 earnings with revenues guided to $1.825-$1.885B and steady EPS, as AI data center deals shape results.

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image for news Fortinet Gears Up to Report Q4 Earnings: How to Play the Stock
25 Stocks to Buy for a Profitable February
FTNT
Published: February 03, 2026 by: Schaeffers Research
Sentiment: Positive

What felt like the darkest (and subsequently longest) month we've seen in a while is coming to a close, and there was no shortage of economic updates, geopolitical turmoil, and big-name earnings to fill it.

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image for news 25 Stocks to Buy for a Profitable February
Gear Up for Fortinet (FTNT) Q4 Earnings: Wall Street Estimates for Key Metrics
FTNT
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Positive

Beyond analysts' top-and-bottom-line estimates for Fortinet (FTNT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2025.

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image for news Gear Up for Fortinet (FTNT) Q4 Earnings: Wall Street Estimates for Key Metrics
Investors Heavily Search Fortinet, Inc. (FTNT): Here is What You Need to Know
FTNT
Published: January 30, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Fortinet (FTNT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

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image for news Investors Heavily Search Fortinet, Inc. (FTNT): Here is What You Need to Know
Fortinet (FTNT) Reports Next Week: What You Should Expect
FTNT
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Neutral

Fortinet (FTNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Fortinet (FTNT) Reports Next Week: What You Should Expect
Why Fortinet (FTNT) is a Top Momentum Stock for the Long-Term
FTNT
Published: January 26, 2026 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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image for news Why Fortinet (FTNT) is a Top Momentum Stock for the Long-Term
Is MSFT Stock A Better Pick Over Fortinet?
FTNT, MSFT
Published: January 26, 2026 by: Forbes
Sentiment: Neutral

Fortinet experienced a significant jump of 5.2% on Friday. You might feel inclined to purchase more shares, or you might consider reducing your investment.

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image for news Is MSFT Stock A Better Pick Over Fortinet?
Fortinet Is Top S&P 500 Stock After Upgrade. Don't Worry About ‘AI Eating Software.
FTNT, IVV, SPLG, SPXL, SPY, SSO, UPRO, VOO
Published: January 23, 2026 by: Barrons
Sentiment: Positive

TD Cowen upgraded the cybersecurity company to Buy, arguing that fears about AI replacing software are overstated and that billings could outperform in 2026.

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image for news Fortinet Is Top S&P 500 Stock After Upgrade. Don't Worry About ‘AI Eating Software.
Here's Why Fortinet (FTNT) is a Strong Growth Stock
FTNT
Published: January 16, 2026 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
Long-Term Bullish Trendline Could Help Fortinet Stock Break Out
FTNT
Published: January 15, 2026 by: Forbes
Sentiment: Positive

Fortinet (FTNT) stock is enjoying tailwinds today, as the tech sector rallies in response to upbeat earnings from Taiwan Semiconductor Manufacturing (TSM). Though the shares are on track to snap their three-day losing streak, they still carry a 26.8% three-month deficit, and yesterday slipped to their lowest level in more than two months.

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image for news Long-Term Bullish Trendline Could Help Fortinet Stock Break Out
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
FICO, FTNT
Published: January 14, 2026 by: Zacks Investment Research
Sentiment: Positive

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

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image for news Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
Will Fortinet (FTNT) Beat Estimates Again in Its Next Earnings Report?
FTNT
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Will Fortinet (FTNT) Beat Estimates Again in Its Next Earnings Report?
D&H Distributing Unveils Major Expansion of Cybersecurity Portfolio with Strategic U.S. Fortinet Partnership
FTNT
Published: January 12, 2026 by: GlobeNewsWire
Sentiment: Neutral

D&H launches unveils Fortinet enablement program, setting a new standard for channel support across secure networking and advanced security solutions.

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image for news D&H Distributing Unveils Major Expansion of Cybersecurity Portfolio with Strategic U.S. Fortinet Partnership
These 5 Software Stocks Prove Profitability Beats Growth in 2026
FTNT, INTU, MSFT, ORCL, PLTR
Published: January 07, 2026 by: 24/7 Wall Street
Sentiment: Positive

Software stocks have split into two camps in 2026. The winners are printing money with expanding margins and accelerating growth.

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image for news These 5 Software Stocks Prove Profitability Beats Growth in 2026
Get Paid To Buy FTNT Stock At A Deep Discount
FTNT
Published: January 02, 2026 by: Forbes
Sentiment: Positive

Currently priced at approximately $79.41 per share, Fortinet (FTNT) is trading around 31% below its 52-week high.

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image for news Get Paid To Buy FTNT Stock At A Deep Discount
Can Unified SASE Adoption Strengthen FTNT's Growth Trajectory in 2026?
FTNT
Published: December 30, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT is pushing Unified SASE as a growth driver for 2026, fueled by fast FortiSASE adoption, flexible deployments and rising enterprise billings.

Read More
image for news Can Unified SASE Adoption Strengthen FTNT's Growth Trajectory in 2026?
Here's Why Fortinet (FTNT) is a Strong Growth Stock
FTNT
Published: December 30, 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.

Read More
image for news Here's Why Fortinet (FTNT) is a Strong Growth Stock
Here's Why Fortinet (FTNT) is a Strong Momentum Stock
FTNT
Published: December 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Here's Why Fortinet (FTNT) is a Strong Momentum Stock
4 Cybersecurity Stocks With Strong Demand and Durable Moats for 2026
CRWD, FTNT, PANW, QLYS
Published: December 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

Cybersecurity demand is set to grow through 2026, and QLYS, FTNT, CRWD & PANW are the four stocks with strong demand signals and competitive moats.

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image for news 4 Cybersecurity Stocks With Strong Demand and Durable Moats for 2026
3 Cybersecurity Stocks to Protect the Digital World in 2026
CRWD, FTNT, ZS
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

CrowdStrike, Fortinet and Zscaler are capitalizing on exploding cybercrime costs as enterprises boost spending to protect cloud and AI systems.

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image for news 3 Cybersecurity Stocks to Protect the Digital World in 2026
Fortinet vs. Cisco: Which Cybersecurity Leader Has the Edge Now?
CSCO, FTNT
Published: December 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet's record margins, surging SASE billings, and AI-driven security gains put FTNT in focus against CSCO's broader but uneven growth story.

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image for news Fortinet vs. Cisco: Which Cybersecurity Leader Has the Edge Now?
Can Fortinet Stock Sustain Momentum With Strong Unified SIEM Adoption?
FTNT
Published: December 16, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT's Unified SIEM adoption lifts services growth and billings, but competition and higher SIEM costs test whether momentum can last.

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image for news Can Fortinet Stock Sustain Momentum With Strong Unified SIEM Adoption?
FTNT's Premium Valuation Raises Concerns: Buy, Sell or Hold the Stock?
FTNT
Published: December 15, 2025 by: Zacks Investment Research
Sentiment: Negative

Fortinet's premium valuation, slowing service revenues and cautious guidance offset strong margins and SASE growth, prompting investors to consider a hold stance.

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image for news FTNT's Premium Valuation Raises Concerns: Buy, Sell or Hold the Stock?
Why Fortinet (FTNT) is a Top Growth Stock for the Long-Term
FTNT
Published: December 12, 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.

Read More
image for news Why Fortinet (FTNT) is a Top Growth Stock for the Long-Term
Is the Options Market Predicting a Spike in Fortinet Stock?
FTNT
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Neutral

Investors need to pay close attention to FTNT stock based on the movements in the options market lately.

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image for news Is the Options Market Predicting a Spike in Fortinet Stock?
Why Fortinet (FTNT) is a Top Momentum Stock for the Long-Term
FTNT
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Why Fortinet (FTNT) is a Top Momentum Stock for the Long-Term
Why Is Fortinet (FTNT) Up 5.8% Since Last Earnings Report?
FTNT
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?

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image for news Why Is Fortinet (FTNT) Up 5.8% Since Last Earnings Report?
Fortinet (FTNT) Recently Broke Out Above the 50-Day Moving Average
FTNT
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet (FTNT) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FTNT broke through the 50-day moving average, which suggests a short-term bullish trend.

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image for news Fortinet (FTNT) Recently Broke Out Above the 50-Day Moving Average

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.