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 28.0274
  • Debt/Equity 0.4831
  • CurrentRatio 1.3285
  • ROIC 0.2613

 

  • MktCap 57635824800.0
  • FreeCF/Share 2.6505
  • PFCF 28.3543
  • PE 29.7729
  • Debt/Assets 0.0935
  • DivYield 0
  • ROE 1.2075

 

  • Rating B+
  • Score 3
  • Recommendation Neutral
  • P/E Score 1
  • 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
Upgrade FTNT DZ Bank Hold Buy -- $85 Aug. 8, 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 KeyBanc Capital Markets Overweight Sector Weight -- -- Aug. 7, 2025
Downgrade FTNT Morgan Stanley Overweight Equal Weight -- $78 Aug. 7, 2025
Downgrade FTNT Piper Sandler Overweight Neutral -- $90 Aug. 7, 2025
Downgrade FTNT Rosenblatt Buy Neutral -- $85 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

News

BCI Strengthens National Presence with Strategic Acquisition of Pennsylvania-Based Fortinet Partner Trustlink Technologies
FTNT
Published: May 02, 2025 by: Business Wire
Sentiment: Neutral

RIDGELAND, Miss.--(BUSINESS WIRE)--BCI continues to make strategic moves, this time by acquiring Trustlink Technologies, a highly respected cybersecurity services and consulting firm in Harrisburg, Pennsylvania. This acquisition enhances BCI's cybersecurity expertise and expands its reach into Pennsylvania and neighboring regions, solidifying its presence across 25 states. As the only partner in North America to achieve all eight Fortinet specializations, BCI stands out in the industry. The rec.

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image for news BCI Strengthens National Presence with Strategic Acquisition of Pennsylvania-Based Fortinet Partner Trustlink Technologies
Ahead of Fortinet (FTNT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
FTNT
Published: May 02, 2025 by: Zacks Investment Research
Sentiment: Neutral

Get a deeper insight into the potential performance of Fortinet (FTNT) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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image for news Ahead of Fortinet (FTNT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Fortinet Trades at a Premium: Should You Hold or Fold the Stock?
FTNT
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Despite FTNT's solid growth, competitive pressures and macro headwinds suggest investors may benefit from awaiting a more attractive entry point in 2025.

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image for news Fortinet Trades at a Premium: Should You Hold or Fold the Stock?
Fortinet Threat Report Reveals Record Surge in Automated Cyberattacks as Adversaries Weaponize AI and Fresh Techniques
FTNT
Published: April 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

FortiGuard Labs 2025 Global Threat Landscape Report highlights a boom in Cybercrime-as-a-Service on the darknet, fueling a lucrative market for credentials, exploits, and access

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image for news Fortinet Threat Report Reveals Record Surge in Automated Cyberattacks as Adversaries Weaponize AI and Fresh Techniques
Fortinet: Three Major Growth Catalysts
FTNT
Published: April 25, 2025 by: Seeking Alpha
Sentiment: Positive

Fortinet: Three Major Growth Catalysts

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image for news Fortinet: Three Major Growth Catalysts
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
CSCO, FTNT
Published: April 24, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

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image for news Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
Fortinet Achieves GovRAMP Security Authorization
FTNT
Published: April 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

GovRAMP, formerly known as StateRAMP, authorization highlights Fortinet's ongoing commitment to secure critical government operations and functions with advanced threat intelligence GovRAMP, formerly known as StateRAMP, authorization highlights Fortinet's ongoing commitment to secure critical government operations and functions with advanced threat intelligence

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image for news Fortinet Achieves GovRAMP Security Authorization
BCI Reaches Unprecedented Number of Fortinet Certifications and Specializations
FTNT
Published: April 16, 2025 by: Business Wire
Sentiment: Neutral

RIDGELAND, Miss.--(BUSINESS WIRE)-- #BCI--BCI is thrilled to announce a groundbreaking achievement that highlights our commitment to excellence in cybersecurity. Our team has reached an impressive milestone, having achieved a significant level of expertise through extensive ongoing training and specialization. We are proud to announce that BCI now proudly employs four Fortinet Certified Experts (FCX), positioning us as the leading partner worldwide with the highest number of Fortinet certifications. B.

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image for news BCI Reaches Unprecedented Number of Fortinet Certifications and Specializations
3 Cybersecurity Stocks to Buy Now for Long-Term Opportunities
CHKP, FTNT, OKTA
Published: April 15, 2025 by: Zacks Investment Research
Sentiment: Positive

Three cybersecurity stocks have long-term potentials. These are: FTNT, OKTA, CHKP.

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image for news 3 Cybersecurity Stocks to Buy Now for Long-Term Opportunities
Why CrowdStrike, Palo Alto Networks, and Fortinet Stocks Rallied This Week
CRWD, FTNT, PANW
Published: April 11, 2025 by: The Motley Fool
Sentiment: Positive

Shares of cybersecurity leaders CrowdStrike Holdings (CRWD 0.92%), Palo Alto Networks (PANW -1.31%), and Fortinet (FTNT 0.51%) rallied 13%, 6%, and 13%, respectively, this week as of noon ET on Friday, according to data provided by S&P Global Market Intelligence.

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image for news Why CrowdStrike, Palo Alto Networks, and Fortinet Stocks Rallied This Week
Fortinet (FTNT) Upgraded to Buy: Here's Why
FTNT
Published: April 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet (FTNT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news Fortinet (FTNT) Upgraded to Buy: Here's Why
CrowdStrike vs. Fortinet: Which Cybersecurity Stock is a Better Buy?
CRWD, FTNT
Published: April 09, 2025 by: Zacks Investment Research
Sentiment: Neutral

Let's find out which cybersecurity stock among CrowdStrike and Fortinet is a better bet.

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image for news CrowdStrike vs. Fortinet: Which Cybersecurity Stock is a Better Buy?
Fortinet Wins 2025 Google Cloud Technology Partner of the Year Award
FTNT
Published: April 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for Google Cloud Customers Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for Google Cloud Customers

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image for news Fortinet Wins 2025 Google Cloud Technology Partner of the Year Award
Fortinet Expands FortiAI Across its Security Fabric Platform
FTNT
Published: April 08, 2025 by: GlobeNewsWire
Sentiment: Neutral

New AI capabilities empower organizations to protect against emerging threats, accelerate security and network operations with agentic AI New AI capabilities empower organizations to protect against emerging threats, accelerate security and network operations with agentic AI

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image for news Fortinet Expands FortiAI Across its Security Fabric Platform
Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
ASML, FTNT
Published: April 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Read More
image for news Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
Fortinet: A Top Cybersecurity Stock With Growth Catalysts
FTNT
Published: March 27, 2025 by: MarketBeat
Sentiment: Positive

Over the past 52 weeks, a seemingly unlikely winner has emerged among cybersecurity stocks. That stock is Fortinet NASDAQ: FTNT.

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image for news Fortinet: A Top Cybersecurity Stock With Growth Catalysts
Exclusive Networks North America Achieves Fortinet's Engage Preferred Services Partner Designation
FTNT
Published: March 26, 2025 by: PRNewsWire
Sentiment: Neutral

FREMONT, Calif. , March 26, 2025 /PRNewswire/ -- Exclusive Networks North America, a global leader in cybersecurity, today announced that it has been named an Engage Preferred Services Partner (EPSP) within Fortinet's Engage Partner Program.

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image for news Exclusive Networks North America Achieves Fortinet's Engage Preferred Services Partner Designation
FortiEDR's Advancements Make Fortinet Stock a Strategic Buy for 2025
FTNT
Published: March 20, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT's FortiEDR innovations drive growth, while its unified security approach positions the stock as a compelling cybersecurity buy for 2025.

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image for news FortiEDR's Advancements Make Fortinet Stock a Strategic Buy for 2025
4 Security Stocks to Watch on Prospering Industry Trends
CYBR, FTNT, OKTA, PANW
Published: March 18, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Security industry participants, PANW, FTNT, OKTA and CYBR, gain from an increase in data breaches, prompting companies to seek comprehensive IT security solutions.

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image for news 4 Security Stocks to Watch on Prospering Industry Trends
Fortinet, Inc. (FTNT) CEO Ken Xie presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
FTNT
Published: March 04, 2025 by: Seeking Alpha
Sentiment: Neutral

Fortinet, Inc. (NASDAQ:FTNT ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 12:15 PM ET Company Participants Ken Xie - Chairman, CEO and Founder Keith Jensen - CFO Conference Call Participants Keith Weiss - Morgan Stanely Keith Weiss Excellent. Thank you, everyone, for joining us.

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image for news Fortinet, Inc. (FTNT) CEO Ken Xie presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
5 High ROE Stocks to Buy as Markets Tank on Tariff Woes
FTNT, KLAC, LDOS, PPC, RJF
Published: March 04, 2025 by: Zacks Investment Research
Sentiment: Positive

KLAC, LDOS, RJF, FTNT and PPC are some of the stocks with high ROE to profit from as a sudden change in the U.S. trade policies hit markets.

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image for news 5 High ROE Stocks to Buy as Markets Tank on Tariff Woes
Empower Students with Free Resources to Thrive in Today's Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet
FTNT, VZ
Published: February 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

CHARLOTTE, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Discovery Education, the creator of essential K-12 solutions used in classrooms around the world, today announced the launch of a new Digital Citizenship Initiative.

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image for news Empower Students with Free Resources to Thrive in Today's Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet
Fortinet: Capitalizing On Hardware Firewall Upgrades For Future Growth
FTNT
Published: February 26, 2025 by: Seeking Alpha
Sentiment: Positive

Hardware firewalls remain crucial for legacy on-premise infrastructure, edge computing needing real-time responses, and remote areas with unreliable internet. Fortinet should benefit from a massive upgrade cycle for its hardware firewall in 2026 and 2027. Inventory-related charges normalized in 2024, making earnings per share growth look slower in 2025.

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image for news Fortinet: Capitalizing On Hardware Firewall Upgrades For Future Growth
5 Top-Ranked Stocks Poised for an Earnings Beat
DOCS, FTNT, GRMN, LYFT, THC
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Positive

Top-ranked stocks Tenet Healthcare (THC), Fortinet (FTNT), Lyft (LYFT), Garmin (GRMN) and Doximity (DOCS) are likely to beat on the bottom line in their upcoming releases.

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image for news 5 Top-Ranked Stocks Poised for an Earnings Beat
3 Monster Stocks to Hold for the Next 10 Years
DASH, FTNT, MNST
Published: February 21, 2025 by: The Motley Fool
Sentiment: Positive

The best way to become wealthy and better prepare yourself for retirement is to invest in a portfolio of solid growth stocks. However, putting your money in such stocks is only the first step.

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image for news 3 Monster Stocks to Hold for the Next 10 Years
Fortinet Evolves FortiAnalyzer into a Turnkey AI-Driven SecOps Platform for Resource-Constrained Security Teams
FTNT
Published: February 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

SUNNYVALE, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced significant enhancements to FortiAnalyzer, reinforcing its role in driving faster, smarter security operations (SecOps) all from a single, turnkey hybrid platform tailored for midsize enterprises and teams impacted by the cyber skills shortage.

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image for news Fortinet Evolves FortiAnalyzer into a Turnkey AI-Driven SecOps Platform for Resource-Constrained Security Teams
Buy 5 ROE Stocks as Markets Rise on Reciprocal Tariff Breather
FTNT, LDOS, PPC, RJF, ROST
Published: February 17, 2025 by: Zacks Investment Research
Sentiment: Neutral

ROST, LDOS, RJF, FTNT and PPC are some of the stocks with high ROE to profit from as fears of inflation and reciprocal tariffs take the backseat.

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image for news Buy 5 ROE Stocks as Markets Rise on Reciprocal Tariff Breather
Double-Digit Gains Ahead? These 2 Cybersecurity Stocks Look Ready
FTNT, NET
Published: February 13, 2025 by: MarketBeat
Sentiment: Positive

Fortinet NASDAQ: FTNT and Cloudflare NYSE: NET are two cybersecurity stocks poised for double-digit gains in 2025. They are poised for double-digit gains because of their differentiated positions in a rapidly growing market, utility to clients, 2024 results, 2025 guidance, cash flow, and analysts' sentiment.

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image for news Double-Digit Gains Ahead? These 2 Cybersecurity Stocks Look Ready
Is FTNT Stock a Buy on Q4 Earnings Beat & Rising EPS Estimates?
FTNT
Published: February 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Fortinet beats Q4 estimates with 45.1% EPS growth. Strong margins, SASE expansion and AI security drive a positive 2025 outlook.

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image for news Is FTNT Stock a Buy on Q4 Earnings Beat & Rising EPS Estimates?

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.