What’s the current market cap for Fortinet stock?

Fortinet (FTNT) has a market cap of $98B as of May 23, 2026.

What is the P/E ratio for Fortinet stock?

The price to earnings (P/E) ratio for Fortinet (FTNT) stock is 51.93 as of May 23, 2026.

Does Fortinet stock pay dividends?

No, Fortinet (FTNT) stock does not pay dividends to its shareholders as of May 23, 2026.

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 0.92. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

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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

NASDAQ

Employees

15,311

Headquarters

Sunnyvale, United States

Website

www.fortinet.com

Fortinet Metrics

BasicAdvanced

$98bn

51.93

$2.58

0.92

What the Analysts think about Fortinet

Analyst ratings (Buy, Hold, Sell) for Fortinet stock.

Bulls say / Bears say

Fortinet’s Q1 2026 billings climbed 31% year-over-year to $2.09 billion, showing strong demand for its unified networking and security platform and AI-powered offerings.

Product revenue jumped 41% year-over-year to $645 million in Q1 2026, demonstrating Fortinet’s effectiveness in cross-selling both hardware and software across its customer base.

Fortinet reported record operating cash flow of $1.08 billion in Q1 2026, highlighting robust cash generation and providing financial flexibility to continue investing and returning capital.

Fortinet’s Q2 2026 guidance calls for billings growth of 20% at the midpoint, a significant slowdown from Q1’s 31%, indicating weakening demand momentum.

Fortinet projects non-GAAP operating margins will ease to 33%–35% in Q2, down from 36% in Q1, as higher investments in AI infrastructure and R&D are expected to put pressure on short-term profitability.

Fortinet trades at a forward P/E multiple of about 28.6x, which is significantly above the cybersecurity sector average of 20x, and this premium valuation offers little downside protection if multiples contract.

Data summarised monthly by Lightyear AI. Last updated on 12 May 2026.

Fortinet Financial Performance

Revenues and expenses

QuarterlyAnnual

Q3 24

QoQ growth

Revenue

$37bn

-39.75%

Net income

$45bn

107.52%

Profit margin

37.65%

6.78%

Fortinet Earnings Performance

Company profitability

QuarterlyAnnual

Q4 23

Q1 24

Q2 24

Q3 24

Q4 24

Actual

$3.69

$2.85

$2.45

$2.42

Expected

$3.55

$2.61

$2.05

$2.31

$3.94

Surprise

3.94%

9.20%

19.51%

4.63%

Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.

Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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