Fortinet (FTNT) Stock Price, News & Analysis

Company Overview

Fortinet, Inc. (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform. The company extends that platform via the Fortinet Security Fabric, a suite designed to integrate networking, access, endpoint, application and cloud security. Offerings include secure SD‑WAN, secure access service edge (SASE) capabilities, endpoint protection, email and web application security, network access control, and industrial/OT security, delivered as physical appliances, virtual machines and cloud services.

Complementing its hardware and software products, Fortinet provides threat intelligence and subscription services through FortiGuard Labs, centralized management and analytics tools such as FortiManager and FortiAnalyzer, professional services, and training and certification programs. Its business model combines product sales with recurring revenue from security subscriptions, support and managed services, and it leverages an extensive partner ecosystem to reach customers of different sizes and verticals.

Fortinet emphasizes integrated security, scalability and high performance to address increasingly distributed and cloud‑centric IT environments. The company positions its technologies for organizations seeking to consolidate security functions, improve operational visibility, and apply threat intelligence across on‑premises, hybrid and multi‑cloud infrastructures.

Key Stats

• Today's Range: $104.51 to $112.39
• 50-Day Range: $75.23 to $89.95
• 52-Week Range: $70.12 to $112.39
• Volume: 9.60 million shs
• Average Volume: 6.48 million shs
• Market Capitalization: $79.90 billion
• P/E Ratio: 44.80
• Dividend Yield: N/A
• Price Target: $96.00
• Consensus Rating: Hold

Fortinet Stock Analysis - MarketRank™

Fortinet scored higher than 58% of companies evaluated by MarketBeat, and ranked 290th out of 626 stocks in the computer and 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 2.12, and is based on 1 strong buy rating, 6 buy ratings, 23 hold ratings, and 4 sell ratings.

Downside Risk

Fortinet has a consensus price target of $94.71, representing about 14.7% downside from its current price of $111.05.

Amount of Analyst Coverage

Fortinet has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 10.27%

Earnings Growth

Earnings for Fortinet are expected to grow by 10.27% in the coming year, from $2.63 to $2.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortinet is 45.70, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortinet is 45.70, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 74.16.

Price to Earnings Growth Ratio

Fortinet has a PEG Ratio of 3.08. 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 66.90. 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

3.16% 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 3.14, 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 2.42%, 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: 4.2 / 5
• News Sentiment: 0.77

News Sentiment

Fortinet has a news sentiment score of 0.77. 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 0.57 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 61 news articles for Fortinet this week, compared to 12 articles on an average week.

Search Interest

42 people have searched for FTNT on MarketBeat in the last 30 days. This is an increase of 121% compared to the previous 30 days.

MarketBeat Follows

16 people have added Fortinet to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

Company Ownership

• Score: 2.0 / 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 $696,329.00 in company stock.

Percentage Held by Insiders

17.20% 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.

FTNT Stock Analysis - Frequently Asked Questions

How have FTNT shares performed this year?

Fortinet's stock was trading at $79.41 on January 1st, 2026. Since then, FTNT shares have increased by 39.8% and is now trading at $111.0490.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) posted its quarterly earnings results on Wednesday, May, 6th. The software maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.20. The firm's revenue was up 20.1% on a year-over-year basis.
Read the conference call transcript.

When did Fortinet's stock split?

Fortinet's stock split on Thursday, June 23rd 2022.The 5-1 split was announced on Thursday, June 9th 2022. The newly minted shares were issued to shareholders after the market closes on Wednesday, June 22nd 2022. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Does Fortinet have any subsidiaries?

Fortinet subsidiaries include these companies: Sken.ai, ShieldX Networks, Panopta, OPAQ Networks, CyberSponse, enSilo, ZoneFox, and others.

When did Fortinet IPO?

Fortinet (FTNT) raised $36 million in an initial public offering on Wednesday, November 18th 2009. The company issued 5,781,683 shares at a price of $0.00-$12.50 per share.

Who are Fortinet's major shareholders?

Top institutional investors of Fortinet include Bank of New York Mellon Corp (1.82%), Swedbank AB (0.50%), Bessemer Group Inc. (0.50%) and Pictet Asset Management Holding SA (0.44%). Insiders that own company stock include Ken Xie, Michael Xie, William H Neukom, Patrice Perche, Kenneth A Goldman and Keith Jensen.
View institutional ownership trends.

How do I buy shares of Fortinet?

Shares of FTNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Fortinet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Fortinet investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Broadcom (AVGO), Tesla (TSLA) and Adobe (ADBE).

Company Calendar

• Last Earnings: 5/06/2026
• Today: 5/07/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Security
• 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: $94.71
• High Price Target: $125.00
• Low Price Target: $70.00
• Potential Upside/Downside: -14.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.12
• Research Coverage: 34 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.43
• Trailing P/E Ratio: 45.87
• Forward P/E Ratio: 42.33
• P/E Growth: 3.08
• Net Income: $1.85 billion
• Net Margins: 27.26%
• Pretax Margin: 33.56%
• Return on Equity: 124.21%
• Return on Assets: 18.25%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 1.17
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $6.80 billion
• Price / Sales: 11.99
• Cash Flow: $3.84 per share
• Price / Cash Flow: 29.03
• Book Value: $1.66 per share
• Price / Book: 67.07

Miscellaneous

• Outstanding Shares: 732,100,000
• Free Float: 606,180,000
• Market Cap: $81.51 billion
• Optionable: Optionable
• Beta: 0.92