Fortinet/$FTNT
Fortinet falls after forecasting third-quarter revenue between $1.67 billion and $1.73 billion, below analysts’ $1.71 billion estimate amid prolonged sales cycles and budget scrutiny.
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About Fortinet
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
Ticker
$FTNT
Sector
Software & Cloud Services
Primary listing
Employees
14,898
Headquarters
Website
Fortinet Metrics
BasicAdvanced
$66B
34.28
$2.51
1.10
-
Price and volume
Market cap
$66B
Beta
1.1
52-week high
$114.82
52-week low
$70.12
Average daily volume
4.6M
Financial strength
Current ratio
1.328
Quick ratio
1.21
Long term debt to equity
24.088
Total debt to equity
48.306
Interest coverage (TTM)
100.36%
Profitability
EBITDA (TTM)
2,086
Gross margin (TTM)
81.29%
Net profit margin (TTM)
30.60%
Operating margin (TTM)
30.72%
Effective tax rate (TTM)
14.97%
Revenue per employee (TTM)
$430,000
Management effectiveness
Return on assets (TTM)
13.02%
Return on equity (TTM)
165.17%
Valuation
Price to earnings (TTM)
34.277
Price to revenue (TTM)
10.397
Price to book
31.95
Price to tangible book (TTM)
39.22
Price to free cash flow (TTM)
32.417
Free cash flow yield (TTM)
3.08%
Free cash flow per share (TTM)
2.653
Growth
Revenue change (TTM)
14.46%
Earnings per share change (TTM)
48.37%
3-year revenue growth (CAGR)
18.43%
10-year revenue growth (CAGR)
21.97%
3-year earnings per share growth (CAGR)
45.14%
10-year earnings per share growth (CAGR)
68.11%
What the Analysts think about Fortinet
Analyst ratings (Buy, Hold, Sell) for Fortinet stock.
Bulls say / Bears say
Service revenue—mainly from subscriptions—rose 14.4% year-over-year to $1.08 billion in Q1 2025, showing strong growth in recurring revenue. (Reuters)
Fortinet achieved a record non-GAAP operating margin of 34% in Q1 2025, up 570 basis points from the previous year, highlighting improved profitability and efficiency. (Reuters)
Annual Recurring Revenue (ARR) in Unified SASE rose 26% year-over-year and Security Operations ARR grew 30% year-over-year in Q1 2025, marking strong momentum in high-growth areas. (Reuters)
KeyBanc analysts downgraded FTNT to Sector Weight, warning that the 2026 firewall upgrade cycle was already 40–50% complete by mid-2025, which could limit near-term product revenue growth. (Barron's)
Fortinet’s Q1 2025 SEC filing shows the Asia-Pacific region grew just 10% year-over-year, trailing the Americas (13%) and EMEA (16%), suggesting potential risks of saturation in certain geographic markets. (SEC)
Rival Palo Alto Networks posted an above-consensus outlook for fiscal 2026, driven by its AI-powered cybersecurity solutions, signaling rising competitive pressure that could hurt Fortinet’s market share. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2025.
Fortinet Financial Performance
Revenues and expenses
Fortinet Earnings Performance
Company profitability
Fortinet News
AllArticlesVideos
Fortinet, Inc. ALERT: Kirby McInerney LLP Reminds Fortinet, Inc. Investors of Important Deadline in Class Action Lawsuit
Business Wire1 day ago
Fortinet Stock Falls On Q3 Earnings: The Details
Benzinga1 day ago
Cybersecurity "Here to Stay:" Companies See Greater Spend as Risks Increase
Schwab Network3 weeks ago
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FAQs
What’s the current market cap for Fortinet stock?
Fortinet (FTNT) has a market cap of $66B as of November 07, 2025.
What is the P/E ratio for Fortinet stock?
The price to earnings (P/E) ratio for Fortinet (FTNT) stock is 34.28 as of November 07, 2025.
Does Fortinet stock pay dividends?
No, Fortinet (FTNT) stock does not pay dividends to its shareholders as of November 07, 2025.
When is the next Fortinet dividend payment date?
Fortinet (FTNT) stock does not pay dividends to its shareholders.
What is the beta indicator for Fortinet?
Fortinet (FTNT) has a beta rating of 1.1. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.