Fortinet (FTNT) Stock Price, News & Analysis

Company Overview

Fortinet, Inc. develops and provides cybersecurity products and services for businesses, governments, and service providers. The company’s portfolio is designed to protect networks, endpoints, applications, cloud environments, and operational technology from cyber threats.

Its offerings include FortiGate next-generation firewalls, FortiSwitch secure networking switches, FortiAP wireless access points, FortiClient endpoint security, and FortiSASE secure access service edge solutions. Fortinet also provides centralized management and analytics through products such as FortiManager and FortiAnalyzer, along with security operations, threat intelligence, and other subscription-based services through its FortiGuard portfolio.

Founded in 2000, Fortinet serves customers globally through direct sales, channel partners, and managed security service providers. The company’s products are used across a range of industries, including communications, financial services, healthcare, education, government, retail, and manufacturing.

Fortinet was founded by Ken Xie, who serves as the company’s chairman and chief executive officer. Its shares trade on the Nasdaq under the symbol FTNT.

Key Stats

• Today's Range: $169.56 to $176.91
• 50-Day Range: $149.98 to $178.74
• 52-Week Range: $73.55 to $181.37
• Volume: 2.83 million shs
• Average Volume: 4.26 million shs
• Market Capitalization: $129.38 billion
• P/E Ratio: 62.09
• Dividend Yield: N/A
• Price Target: $152.79
• Consensus Rating: Hold

Fortinet Stock Analysis - MarketRank™

Fortinet scored higher than 60% of companies evaluated by MarketBeat, and ranked 321st out of 595 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Fortinet has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 strong buy ratings, 10 buy ratings, 19 hold ratings, and 5 sell ratings.

Downside Risk

Fortinet has a consensus price target of $152.79, representing about 13.4% downside from its current price of $176.33.

Amount of Analyst Coverage

Fortinet has been the subject of 26 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.40%

Earnings Growth

Earnings for Fortinet are expected to grow by 11.40% in the coming year, from $3.07 to $3.42 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortinet is 62.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortinet is 62.09, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 78.73.

Price to Earnings Growth Ratio

Fortinet has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Fortinet has a P/B Ratio of 106.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.27% of the float of Fortinet has been sold short.

Short Interest Ratio / Days to Cover

Fortinet has a short interest ratio ("days to cover") of 3.53, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Fortinet has recently increased by 1.19%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Fortinet does not currently pay a dividend.

Dividend Growth

Fortinet does not have a long track record of dividend growth.

News and Social Media

• Score: 4.3 / 5
• News Sentiment: 0.81

News Sentiment

Fortinet has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Fortinet this week, compared to 8 articles on an average week.

Search Interest

48 people have searched for FTNT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.

MarketBeat Follows

36 people have added Fortinet to their MarketBeat watchlist in the last 30 days. This is an increase of 89% compared to the previous 30 days.

Company Ownership

• Score: 2.1 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Fortinet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,164,034.00 in company stock.

Percentage Held by Insiders

17.60% of the stock of Fortinet is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

83.71% of the stock of Fortinet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/29/2026
• Today: 9/29/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Software
• Sub-Industry: Systems Software
• Current Symbol: NASDAQ:FTNT
• CIK: 1262039
• Web: www.fortinet.com
• Phone: (408) 235-7700
• Fax: 408-235-7737
• Employees: 15,109
• Year Founded: 2000

Price Target and Rating

• Average Price Target for Fortinet: $152.79
• High Price Target: $215.00
• Low Price Target: $75.00
• Potential Upside/Downside: -13.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 36 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.84
• Trailing P/E Ratio: 62.09
• Forward P/E Ratio: 57.44
• P/E Growth: 3.26
• Net Income: $1.85 billion
• Net Margins: 28.17%
• Pretax Margin: 34.84%
• Return on Equity: 191.54%
• Return on Assets: 21.35%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 1.28
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $6.80 billion
• Price / Sales: 19.03
• Cash Flow: $3.15 per share
• Price / Cash Flow: 56.00
• Book Value: $1.66 per share
• Price / Book: 106.22

Miscellaneous

• Outstanding Shares: 733,710,000
• Free Float: 604,580,000
• Market Cap: $129.38 billion
• Optionable: Optionable
• Beta: 1.06