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 85.6217
  • Debt/Equity 1.3548
  • CurrentRatio 1.0266
  • ROIC 0.333

 

  • MktCap 63010680295.0
  • FreeCF/Share 2.6581
  • PFCF 31.0642
  • PE 33.5933
  • 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

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”).

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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
Can Fortinet's Large Enterprise Deals Drive Long-Term Revenue Growth?
FTNT
Published: September 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

FTNT's $1M+ enterprise deals rise over 50% year over year, reshaping growth with recurring revenues and multi-product adoption.

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image for news Can Fortinet's Large Enterprise Deals Drive Long-Term Revenue Growth?
Investigation of FTNT Alert: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
FTNT
Published: September 09, 2025 by: PRNewsWire
Sentiment: Neutral

RADNOR, Pa. , Sept. 9, 2025 /PRNewswire/ -- 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 Investigation of FTNT Alert: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
Fortinet Gains From SASE & SecOps Momentum: More Upside Ahead?
FTNT
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT is fueling growth with surging demand in SASE and SecOps, raising its billings outlook as large deals and enterprise adoption accelerate.

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image for news Fortinet Gains From SASE & SecOps Momentum: More Upside Ahead?
Fortinet vs. Cisco: Which Networking Security Stock Has Better Upside?
CSCO, FTNT
Published: September 04, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT outpaces CSCO with superior security focus, double-digit growth, and AI-powered threat detection leadership, justifying premium valuation.

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image for news Fortinet vs. Cisco: Which Networking Security Stock Has Better Upside?
Securities Fraud Investigation Into Fortinet, Inc. (FTNT) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
FTNT
Published: September 04, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Sept. 04, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) on behalf of investors concerning the Company's possible violations of federal securities laws.

Read More
image for news Securities Fraud Investigation Into Fortinet, Inc. (FTNT) Continues – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Fortinet, Inc. (FTNT) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
FTNT
Published: September 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

BENSALEM, Pa., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith continues its investigation on behalf of Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) investors concerning the Company's possible violations of federal securities laws.

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image for news Fortinet, Inc. (FTNT) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: September 02, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Sept. 02, 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
4 Stocks to Watch From a Prospering Security Industry Trend
CRWD, FTNT, PANW, QLYS
Published: September 02, 2025 by: Zacks Investment Research
Sentiment: Positive

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

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image for news 4 Stocks to Watch From a Prospering Security Industry Trend
NASDAQ: FTNT Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
FTNT
Published: August 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

RADNOR, Pa., Aug. 29, 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 NASDAQ: FTNT Investigation: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
Fortinet Named a Leader in the 2025 Gartner® Magic Quadrant™ for Hybrid Mesh Firewall
FTNT
Published: August 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

SUNNYVALE, Calif., Aug. 27, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet ® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Hybrid Mesh Firewall (HMF) and was positioned highest for Ability to Execute.

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image for news Fortinet Named a Leader in the 2025 Gartner® Magic Quadrant™ for Hybrid Mesh Firewall
Fortinet Captures EMEA Momentum: Can It Secure Long-Term Growth?
FTNT
Published: August 27, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT's EMEA revenues jump 18% in Q2, outpacing other regions and beating estimates, making the region central to its growth strategy.

Read More
image for news Fortinet Captures EMEA Momentum: Can It Secure Long-Term Growth?
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: August 27, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Aug. 27, 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
Fortinet: I'm Buying More After Q2 Results
FTNT
Published: August 26, 2025 by: Seeking Alpha
Sentiment: Positive

Fortinet's 30% stock drop is unjustified in my view; fundamentals remain strong, and recent results do not break the investment thesis. Growth in high-margin, recurring revenue segments like Unified SASE (22%) and SecOps (35%) reinforces Fortinet's strategic positioning. Profitability remains sector-leading, with record gross margins and robust free cash flow, despite a temporary operating margin dip from strategic investments.

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image for news Fortinet: I'm Buying More After Q2 Results
Fortinet Named Title Partner of the Founders Cup
FTNT
Published: August 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

2026 Fortinet Founders Cup will be played at Sharon Heights Golf & Country Club in Menlo Park, California 2026 Fortinet Founders Cup will be played at Sharon Heights Golf & Country Club in Menlo Park, California

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image for news Fortinet Named Title Partner of the Founders Cup
Fortinet, Inc. (FTNT) Goldman Sachs Fireside Chat Conference Call (Transcript)
FTNT
Published: August 25, 2025 by: Seeking Alpha
Sentiment: Neutral

Fortinet, Inc. (NASDAQ:FTNT ) Goldman Sachs Fireside Chat Conference Call August 25, 2025 10:30 AM ET Company Participants Christiane Ohlgart - Chief Accounting Officer, CFO and Principal Financial & Accounting Officer Ken Xie - Co-Founder, Chairman & CEO Conference Call Participants Gabriela Borges - Goldman Sachs Group, Inc., Research Division Gabriela Borges All right. Fantastic.

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image for news Fortinet, Inc. (FTNT) Goldman Sachs Fireside Chat Conference Call (Transcript)
Kirby McInerney LLP Announces Investigation Against Fortinet, Inc. on Behalf of Investors
FTNT
Published: August 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT). The investigation concerns whether Fortinet and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

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image for news Kirby McInerney LLP Announces Investigation Against Fortinet, Inc. on Behalf of Investors
Fortinet Expands Share Buyback Program by $1B: Buy Now or Hold?
FTNT
Published: August 25, 2025 by: Zacks Investment Research
Sentiment: Positive

FTNT's $1B buyback expansion signals confidence, but premium valuation and rising competition suggest waiting for better entry points despite solid fundamentals.

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image for news Fortinet Expands Share Buyback Program by $1B: Buy Now or Hold?
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Fortinet, Inc. - FTNT
FTNT
Published: August 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Aug. 25, 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
Securities Fraud Investigation Into Fortinet, Inc. (FTNT) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
FTNT
Published: August 21, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Fortinet, Inc. (“Fortinet” or the “Company”) (NASDAQ: FTNT) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FORTINET, INC. (FTNT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On August 6, 202.

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image for news Securities Fraud Investigation Into Fortinet, Inc. (FTNT) Announced – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
NASDAQ: FTNT Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm
FTNT
Published: August 21, 2025 by: Business Wire
Sentiment: Neutral

RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--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”). On August 6, 2025, Fortinet reported disappointing second-quarter 2025 financial results. In response, several analysts downgraded their rating on Fortinet's stock citing concerns regarding the company's firewall refresh cycle. On this news, Fortinet.

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image for news NASDAQ: FTNT Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages Fortinet, Inc. (NASDAQ: FTNT) Investors with Significant Losses to Contact the Firm

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.