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NASDAQ:FTNT

Fortinet (FTNT) Stock Price, News & Analysis

Fortinet logo
$160.01 -5.43 (-3.28%)
Closing price 04:00 PM Eastern
Extended Trading
$160.18 +0.17 (+0.11%)
As of 07:59 PM Eastern
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About Fortinet Stock (NASDAQ:FTNT)

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Key Stats

Today's Range
$159.10
$165.75
50-Day Range
$138.39
$168.29
52-Week Range
$73.55
$172.09
Volume
2.86 million shs
Average Volume
5.60 million shs
Market Capitalization
$117.40 billion
P/E Ratio
56.34
Dividend Yield
N/A
Price Target
$150.91
Consensus Rating
Hold

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.

AI Generated. May Contain Errors.

Fortinet Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
67th Percentile Overall Score

FTNT MarketRank™: 

Fortinet scored higher than 67% of companies evaluated by MarketBeat, and ranked 270th out of 607 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Fortinet has received a consensus rating of Hold. The company's average rating score is 2.28, and is based on 2 strong buy ratings, 11 buy ratings, 18 hold ratings, and 5 sell ratings.

  • Downside Risk

    Fortinet has a consensus price target of $150.91, representing about 5.7% downside from its current price of $160.01.

  • 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.

  • Read more about Fortinet's stock forecast and price target.
  • Earnings Growth

    Earnings for Fortinet are expected to grow by 11.48% in the coming year, from $3.05 to $3.40 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Fortinet is 56.34, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.57.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Fortinet is 56.34, which means that it is trading at a less expensive P/E ratio than the Technology sector average P/E ratio of about 75.48.

  • Price to Earnings Growth Ratio

    Fortinet has a PEG Ratio of 3.05. 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 75.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.38% 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 2.45, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Fortinet has recently decreased by 0.75%, indicating that investor sentiment is improving.
  • Dividend Yield

    Fortinet does not currently pay a dividend.

  • Dividend Growth

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

  • News Sentiment

    Fortinet has a news sentiment score of 0.97. 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 0.74 average news sentiment score of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for Fortinet this week, compared to 10 articles on an average week.
  • Search Interest

    50 people have searched for FTNT on MarketBeat in the last 30 days. This is an increase of 72% compared to the previous 30 days.
  • MarketBeat Follows

    30 people have added Fortinet to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.
  • 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 $69,480,964.00 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.

  • Read more about Fortinet's insider trading history.
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FTNT Stock News Headlines

AI Sales Push Fortinet Shares to New Heights
Two AI Security Winners to Own Now
AI insiders stockpile guns, gold & gas masks
Keith Kaplan, CEO of TradeSmith, has spent more than $17 million studying AI since 2022. He says a major shift in the AI market is approaching, and time is short to prepare. Kaplan points to August 31st as a key turning point for AI investing. He argues the next phase will separate winners from losers, and reveals what he's watching instead of big names like Nvidia.tc pixel
Massive Update for Fortinet Stock Investors
Data center server aisle with a digital globe and shield graphic symbolizing cybersecurity, alongside monitors displaying network data.
Cybersecurity Stocks Are Holding Up as the AI Trade Starts to Crack (FTNT)
As semiconductors and AI trade leaders sell off, cybersecurity stocks like CrowdStrike, Fortinet, and Palo Alto Networks hold near highs, hinting at a market rotation.
See More Headlines

FTNT Stock Analysis - Frequently Asked Questions

Fortinet's stock was trading at $79.41 at the beginning of the year. Since then, FTNT shares have increased by 101.5% and is now trading at $160.01.

Fortinet, Inc. (NASDAQ:FTNT) issued its earnings results on Wednesday, July, 29th. The software maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.75 by $0.15. The business's quarterly revenue was up 25.6% on a year-over-year basis.
Read the conference call transcript
.

Shares of Fortinet 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.

Fortinet subsidiaries include Sken.ai, ShieldX Networks, Panopta, OPAQ Networks, CyberSponse, enSilo, ZoneFox, and more.

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

Fortinet's top institutional investors include BlackRock Inc. (8.48%), Bank of New York Mellon Corp (1.27%), Legal & General Group Plc (0.87%) and Deutsche Bank AG (0.52%). Insiders that own company stock include Ken Xie, Michael Xie, William H Neukom, John Whittle, Patrice Perche, Kenneth A Goldman and Keith Jensen.
View institutional ownership trends
.

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.

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
7/29/2026
Today
8/14/2026
Rosenblatt's 6th Annual Technology Summit: The Age of AI (Part II)
8/17/2026
Fiscal Year End
12/31/2026

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Software
Sub-Industry
Systems Software
Current Symbol
NASDAQ:FTNT
CIK
1262039
Employees
15,109
Year Founded
2000

Price Target and Rating

High Price Target
$215.00
Low Price Target
$75.00
Potential Upside/Downside
-5.7%
Consensus Rating
Hold
Rating Score (0-4)
2.28
Research Coverage
36 Analysts

Profitability

EPS (Trailing Twelve Months)
$2.84
Trailing P/E Ratio
56.34
Forward P/E Ratio
52.46
P/E Growth
3.14
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
17.27
Cash Flow
$3.00 per share
Price / Cash Flow
53.41
Book Value
$2.11 per share
Price / Book
75.83

Miscellaneous

Outstanding Shares
733,710,000
Free Float
604,580,000
Market Cap
$117.40 billion
Optionable
Optionable
Beta
1.07

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This page (NASDAQ:FTNT) was last updated on 8/14/2026 by MarketBeat.com Staff.
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