Fortinet/$FTNT
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Capital at risk
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
- 15,472
- Headquarters
- Sunnyvale, United States
- Website
- www.fortinet.com
Fortinet Metrics
BasicAdvanced
$128B
61.58
$2.83
1.06
-
Price and volume
Market cap
$128B
Beta
1.06
52-week high
$176.10
52-week low
$73.55
Average daily volume
4.4M
Financial strength
Current ratio
1.282
Quick ratio
1.141
Long term debt to equity
0.362
Total debt to equity
0.32
Interest coverage (TTM)
135.37%
Profitability
EBITDA (TTM)
2,595.8
Gross margin (TTM)
80.20%
Net profit margin (TTM)
28.17%
Operating margin (TTM)
32.37%
Effective tax rate (TTM)
19.16%
Revenue per employee (TTM)
$490,000
Management effectiveness
Return on assets (TTM)
14.17%
Return on equity (TTM)
117.44%
Valuation
Price to earnings (TTM)
61.576
Price to revenue (TTM)
17.189
Price to book
82.42
Price to tangible book (TTM)
105.01
Price to free cash flow (TTM)
41.51
Free cash flow yield (TTM)
2.41%
Free cash flow per share (TTM)
4.198
Growth
Revenue change (TTM)
18.77%
Earnings per share change (TTM)
12.81%
3-year revenue growth (CAGR)
14.71%
10-year revenue growth (CAGR)
20.64%
3-year earnings per share growth (CAGR)
28.50%
10-year earnings per share growth (CAGR)
81.22%
What the Analysts think about Fortinet
Analyst ratings (Buy, Hold, Sell) for Fortinet stock.
Analyst projections of the future price of Fortinet stock.
Bulls say / Bears say
Fortinet delivered a strong second quarter, with revenue up 26% year over year to $2.05 billion, billings up 33% to $2.37 billion, and product revenue up 52%; management also raised its 2026 revenue-growth outlook to 19%. (SEC)
Profitability and cash generation are substantial: Q2 GAAP operating margin reached 34%, non-GAAP operating margin 38%, and free cash flow $966 million; Moody’s also upgraded Fortinet’s senior unsecured debt rating to A3. (Fortinet Q2 earnings release)
Fortinet’s valuation leaves limited room for execution misses: Wedbush recently downgraded the shares to Neutral with a $155 price target, slightly below the reported $156 share price. (Yahoo Finance)
Fortinet remains exposed to intense competition, channel-partner and distributor concentration, supply-chain disruptions, tariffs, and quarter-end shipment timing, any of which could pressure growth or margins. (SEC)
The company’s results remain dependent on renewals and growth in FortiGuard subscriptions and FortiCare support; product vulnerabilities, security incidents, or failures to protect customers could also cause reputational and financial damage. (Fortinet 10-Q)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
Fortinet Financial Performance
Revenues and expenses
Fortinet Earnings Performance
Company profitability
Upcoming events
No upcoming events
Fortinet News
AllArticlesVideos
Funds containing Fortinet
AllGBPEURUSD
Fund name | Fund size | $FTNT weighting |
|---|---|---|
Wisdomtree Cybersecurity£CYSE | £223M | 5.87% |
Wisdomtree Cybersecurity€W1TB | €256M | 3.73% |
iShares Digitalisation$DGTL | $793M | 3.21% |
iShares Digitalisation£DGIT | £585M | 3.21% |
VanEck Morningstar Wide Moat€GMVM | €407M | 2.67% |
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.
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