Fortinet (FTNT) Stock Price, News & Analysis

Company Overview

Fortinet, founded in 2000 and headquartered in Sunnyvale, California, is a global leader in cybersecurity solutions designed to protect enterprises, service providers, and government organizations. The company’s flagship offering, the FortiGate Next-Generation Firewall, integrates multiple security and networking functions into a single high-performance appliance. Over the years, Fortinet has expanded its portfolio to include secure SD-WAN, wireless access points, and advanced threat protection, all unified under its Security Fabric architecture to deliver end-to-end visibility and automated threat response.

In addition to its firewall and networking hardware, Fortinet provides a broad suite of software and cloud-based services. These include FortiAnalyzer for security analytics and log management, FortiManager for centralized network and device management, and FortiSIEM for real-time security information and event management. The company also offers specialized solutions for endpoint security, email security, and web application firewalling, enabling organizations to defend against sophisticated attacks across multiple vectors.

Fortinet serves a diverse customer base across more than 150 countries, with a presence in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. The company works closely with a global network of distributors, resellers, and managed security service providers to deliver tailored solutions for industries such as financial services, healthcare, education, retail, and telecommunications. Fortinet’s cloud security offerings extend its protections to public, private, and hybrid cloud environments, supporting major platforms like AWS, Microsoft Azure, and Google Cloud.

Under the leadership of co-founder and CEO Ken Xie, Fortinet has maintained a strong focus on research and development, employing thousands of engineers worldwide. The company’s ongoing investment in threat intelligence and security innovation has earned it industry recognition for performance, scalability, and the breadth of its integrated security fabric. With a commitment to delivering high-speed, consolidated security solutions, Fortinet aims to help organizations stay ahead of evolving cyber threats while simplifying their IT operations.

Key Stats

• Today's Range: $102.62 to $106.12
• 50-Day Range: $97.42 to $108.69
• 52-Week Range: $54.57 to $114.82
• Volume: 2.86 million shs
• Average Volume: 4.86 million shs
• Market Capitalization: $80.57 billion
• P/E Ratio: 43.32
• Dividend Yield: N/A
• Price Target: $105.62
• Consensus Rating: Hold

Fortinet Stock Analysis - MarketRank™

Fortinet scored higher than 85% of companies evaluated by MarketBeat, and ranked 135th out of 662 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Fortinet has received a consensus rating of Hold. The company's average rating score is 2.41, and is based on 11 buy ratings, 20 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Fortinet has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 13.88%

Earnings Growth

Earnings for Fortinet are expected to grow by 13.88% in the coming year, from $2.09 to $2.38 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Fortinet is 43.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Fortinet is 43.32, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 37.24.

Price to Earnings Growth Ratio

Fortinet has a PEG Ratio of 3.64. 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 53.98. 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

2.78% 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 3.5, 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 18.47%, indicating that investor sentiment is decreasing significantly.

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.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.69

Percentage of Shares Shorted

2.78% 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 3.5, 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 18.47%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.38

News Sentiment

Fortinet has a news sentiment score of 1.38. 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 0.66 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 34 news articles for Fortinet this week, compared to 29 articles on an average week.

Search Interest

Only 50 people have searched for FTNT on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

MarketBeat Follows

Only 21 people have added Fortinet to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Fortinet insiders have sold 49,140.54% more of their company's stock than they have bought. Specifically, they have bought $34,914.00 in company stock and sold $17,191,843.00 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 $94.48 at the start of the year. Since then, FTNT stock has increased by 11.4% and is now trading at $105.2650.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) released its quarterly earnings results on Wednesday, May, 7th. The software maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm's revenue was up 13.8% on a year-over-year basis.
Read the conference call transcript.

When did Fortinet's stock split?

Fortinet's stock split before market open on Thursday, June 23rd 2022.The 5-1 split was announced on Thursday, June 9th 2022. The newly issued 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 Sken.ai, ShieldX Networks, Panopta, OPAQ Networks, CyberSponse, enSilo, ZoneFox, and more.

Who are Fortinet's major shareholders?

Fortinet's top institutional investors include LVM Capital Management Ltd. MI (0.01%), Capital Market Strategies LLC, Kera Capital Partners Inc. and Fiduciary Financial Group LLC. Insiders that own company stock include Ken Xie, Michael Xie, William H Neukom, Patrice Perche, Kenneth A Goldman, John Whittle 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: 5/07/2025
• Today: 7/06/2025
• Next Earnings (Estimated): 8/05/2025
• Fiscal Year End: 12/31/2025

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: 14,138
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $105.62
• High Stock Price Target: $135.00
• Low Stock Price Target: $78.00
• Potential Upside/Downside: +0.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.41
• Research Coverage: 34 Analysts

Profitability

• EPS (Trailing Twelve Months): $2.43
• Trailing P/E Ratio: 43.32
• Forward P/E Ratio: 50.37
• P/E Growth: 3.64
• Net Income: $1.75 billion
• Net Margins: 30.60%
• Pretax Margin: 36.35%
• Return on Equity: 148.79%
• Return on Assets: 18.67%

Debt

• Debt-to-Equity Ratio: 0.25
• Current Ratio: 1.36
• Quick Ratio: 1.29

Sales & Book Value

• Annual Sales: $5.96 billion
• Price / Sales: 13.53
• Cash Flow: $2.58 per share
• Price / Cash Flow: 40.80
• Book Value: $1.95 per share
• Price / Book: 53.98

Miscellaneous

• Outstanding Shares: 765,420,000
• Free Float: 633,764,000
• Market Cap: $80.57 billion
• Optionable: Optionable
• Beta: 1.06