Fortinet, Inc. (FTNT)

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

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Key Metrics & Ratings

  • symbol FTNT
  • Rev/Share 8.2643
  • Book/Share 2.6867
  • PB 32.1514
  • Debt/Equity 0.4831
  • CurrentRatio 1.3285
  • ROIC 0.2613

 

  • MktCap 66190059931.0
  • FreeCF/Share 2.6505
  • PFCF 32.5626
  • PE 34.1539
  • Debt/Assets 0.0935
  • DivYield 0
  • ROE 1.2075

 

  • 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 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
Reiterated FTNT BMO Capital Markets -- Market Perform $110 $90 Aug. 7, 2025
Downgrade FTNT Morgan Stanley Overweight Equal Weight -- $78 Aug. 7, 2025
Downgrade FTNT KeyBanc Capital Markets Overweight Sector Weight -- -- Aug. 7, 2025
Downgrade FTNT Piper Sandler Overweight Neutral -- $90 Aug. 7, 2025
Downgrade FTNT Rosenblatt Buy Neutral -- $85 Aug. 7, 2025
Downgrade FTNT TD Cowen Buy Hold -- $105 Aug. 7, 2025
Reiterated FTNT BMO Capital Markets -- Market Perform $122 $110 May 8, 2025

News

FORTINET CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Fortinet, Inc. Investors of the November 21st Deadline in the Class Action Lawsuit
FTNT
Published: October 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Fortinet (FTNT) To Contact Him Directly To Discuss Their Options If you purchased or acquired common stock in Fortinet between November 8, 2024 through August 6, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

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image for news FORTINET CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Fortinet, Inc. Investors of the November 21st Deadline in the Class Action Lawsuit
ROSEN, A TOP RANKED LAW FIRM, Encourages Fortinet, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FTNT
FTNT
Published: October 07, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Fortinet, Inc. (NASDAQ: FTNT) between November 8, 2024 and August 6, 2025, both dates inclusive (the “Class Period”), of the important November 21, 2025 lead plaintiff deadline.

Read More
image for news ROSEN, A TOP RANKED LAW FIRM, Encourages Fortinet, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FTNT
Can Fortinet's SASE & SecOps Surge Reinforce Its Competitive Edge?
FTNT
Published: October 07, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT boosts its competitive edge as SASE and SecOps momentum lift billings guidance and solidify its leadership in integrated cybersecurity.

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image for news Can Fortinet's SASE & SecOps Surge Reinforce Its Competitive Edge?
Why Fortinet (FTNT) is Poised to Beat Earnings Estimates Again
FTNT
Published: October 06, 2025 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 Why Fortinet (FTNT) is Poised to Beat Earnings Estimates Again
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: October 03, 2025 by: PRNewsWire
Sentiment: Neutral

BENSALEM, Pa. , Oct. 3, 2025 /PRNewswire/ -- The Law Offices of Howard G.

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image for news Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Portnoy Law Firm Announces Class Action on Behalf of Fortinet, Inc. Investors
FTNT
Published: October 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Oct. 03, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Fortinet, Inc., (“Fortinet” or the "Company") (NASDAQ: FTNT) investors of a class action on behalf of investors that bought securities between November 8, 2024 and August 6, 2025, inclusive (the “Class Period”). Fortinet investors have until November 21, 2025 to file a lead plaintiff motion.

Read More
image for news Portnoy Law Firm Announces Class Action on Behalf of Fortinet, Inc. Investors
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: October 03, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Oct. 3, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fortinet, Inc. ("Fortinet" or the "Company") (NASDAQ: FTNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
DEADLINE ALERT for RICK and FTNT: The Law Offices of Frank R. Cruz Reminds Shareholders of Securities Fraud Class Actions
FTNT
Published: October 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Oct. 03, 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 and FTNT: The Law Offices of Frank R. Cruz Reminds Shareholders of 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: October 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Oct. 03, 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
Class Action Announcement for Fortinet, Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Fortinet, Inc. - Contact Kessler Topaz Meltzer & Check, LLP
FTNT
Published: October 03, 2025 by: PRNewsWire
Sentiment: Neutral

RADNOR, Pa. , Oct. 3, 2025 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. ("Fortinet") (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the "Class Period").

Read More
image for news Class Action Announcement for Fortinet, Inc. Investors: A Securities Fraud Class Action Lawsuit Was Filed Against Fortinet, Inc. - Contact Kessler Topaz Meltzer & Check, LLP
Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately
FTNT
Published: October 03, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Oct. 3, 2025 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed against Fortinet, Inc. (NASDAQ : FTNT) ("Fortinet " or the "Company"). PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION Fortinet Securities Class Action Lawsuit Summary Court: United States District Court for the Northern District of California.

Read More
image for news Shareholders who lost money in shares against Fortinet, Inc. (NASDAQ: FTNT) Should Contact Wolf Haldenstein Immediately
Fortinet, Inc. (FTNT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
FTNT
Published: October 01, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , Oct. 1, 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
Fortinet, Inc. (FTNT) Investors: November 21, 2025 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP
FTNT
Published: September 30, 2025 by: GlobeNewsWire
Sentiment: Neutral

RADNOR, Pa., Sept. 30, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. (“Fortinet”) (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is November 21, 2025.

Read More
image for news Fortinet, Inc. (FTNT) Investors: November 21, 2025 Filing Deadline in Securities Class Action - Contact Kessler Topaz Meltzer & Check, LLP
Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
FTNT
Published: September 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Sept. 29, 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 through 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
DEADLINE ALERT for RICK and FTNT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
FTNT
Published: September 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Sept. 26, 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 and FTNT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
Class Action Announcement for Fortinet, Inc. (FTNT): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Fortinet, Inc. (FTNT)
FTNT
Published: September 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

RADNOR, Pa., Sept. 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Fortinet, Inc. (“Fortinet”) (NASDAQ: FTNT) on behalf of those who purchased or otherwise acquired Fortinet common stock between November 8, 2024, and August 6, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is November 21, 2025.

Read More
image for news Class Action Announcement for Fortinet, Inc. (FTNT): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Fortinet, Inc. (FTNT)
FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FTNT
Published: September 25, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Sept. 25, 2025 /PRNewswire/ -- 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
Law Offices of Frank R. Cruz Encourages Fortinet, Inc. (FTNT) Investors To Inquire About Securities Fraud Class Action
FTNT
Published: September 24, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Fortinet, Inc. (FTNT) Investors To Inquire About Securities Fraud Class Action.

Read More
image for news Law Offices of Frank R. Cruz Encourages Fortinet, Inc. (FTNT) Investors To Inquire About Securities Fraud Class Action
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: September 24, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
Fortinet: What's Next For FTNT Stock?
FTNT
Published: September 24, 2025 by: Forbes
Sentiment: Positive

Fortinet (FTNT) stock achieved its fifth consecutive day of gains, resulting in a total increase of 6.9% during this timeframe. Over the past 5 days, the company has seen an increase in value of approximately $4.5 Bil, with its current market cap reaching about $65 Bil.

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image for news Fortinet: What's Next For FTNT Stock?
Rosen Law Firm Urges Fortinet, Inc. (NASDAQ: FTNT) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
FTNT
Published: September 23, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of Fortinet, Inc. (NASDAQ: FTNT) common stock between November 8, 2024 and August 6, 2025, both dates inclusive (the “Class Period”). Fortinet is a cyber security company. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the.

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image for news Rosen Law Firm Urges Fortinet, Inc. (NASDAQ: FTNT) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fortinet, Inc. (FTNT)
FTNT
Published: September 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) between November 8, 2024 and August 6, 2025, inclusive (the “Class Period”).

Read More
image for news Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fortinet, Inc. (FTNT)
Fortinet's Geographic Mix Improves: Can EMEA Drive More Upside?
FTNT
Published: September 23, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT's EMEA revenues rise 18% y/y in Q2 2025, strengthening its global pipeline and reducing reliance on North America.

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image for news Fortinet's Geographic Mix Improves: Can EMEA Drive More Upside?
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: September 23, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Sept. 23, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fortinet, Inc. ("Fortinet" or the "Company") (NASDAQ: FTNT).

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: September 18, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Sept. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Fortinet, Inc. ("Fortinet" or the "Company") (NASDAQ: FTNT).

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
Can FTNT Stock Recover From YTD Drop on AI Security Push? How to Play
FTNT
Published: September 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet stock declines 15.6% YTD despite AI expansion efforts. Strong SASE momentum and raised guidance suggest holding for recovery.

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image for news Can FTNT Stock Recover From YTD Drop on AI Security Push? How to Play
Fortinet: Why My Mistimed Buy Doesn't Break The Bull Thesis
FTNT
Published: September 17, 2025 by: Seeking Alpha
Sentiment: Positive

Fortinet (FTNT) remains a compelling long-term buy despite recent stock weakness and cyclical firewall refresh headwinds. FTNT's Q2 results showed healthy topline growth and stable gross margins, but sentiment is dampened by refresh cycle cliff worries and margin compression fears. Historical trends and continued R&D investment support the view that revenue and margin impacts are manageable, with AI and SASE growth as positives.

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image for news Fortinet: Why My Mistimed Buy Doesn't Break The Bull Thesis
Will FTNT's Heavy Infrastructure Build-Out Drive Next Phase of Growth?
FTNT
Published: September 16, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet ramps up infrastructure spending to fuel cloud-first growth, boost billings and strengthen its competitive edge.

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image for news Will FTNT's Heavy Infrastructure Build-Out Drive Next Phase of Growth?
FTNT Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
FTNT
Published: September 12, 2025 by: GlobeNewsWire
Sentiment: Neutral

RADNOR, Pa., Sept. 12, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Fortinet, Inc. (NASDAQ: FTNT) (“Fortinet”).

Read More
image for news FTNT Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: September 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT

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.