FTNT · Fortinet, Inc.
Technology NMS United States fortinet.com ↗
BULLISH HOLD
Val Gro Qua Mom Sta Cap P/S15.79 P/E Fwd P/E44.73 PEG3.50 52W –  RSI Target$136.11 (-11.2%) Beta1.09 Div
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RSI (14)
Pattern Overlays
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Software - Infrastructure Sunnyvale, United States 15,311 employees
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
52-Week Range
52W Low 52W High
Position in Range
RSI (14)
0 · Oversold RSI 50 Overbought · 100
Signal Neutral
EMA Price Levels
Volume Analysis
Momentum Dashboard
Trend Strength
Detected Patterns
4Bullish
0Bearish
0Neutral
▲ Double Bottom — Two lows ~$76.22 — bullish reversal confirmed
▲ Bull Flag — Breakout after +10% pole — bullish continuation
▲ Bull Flag — Breakout after +56% pole — bullish continuation
▲ Bull Flag — Breakout after +20% pole — bullish continuation

View overlays on the price chart via Chart tab → Pattern Overlays.

EPS — History & Forecast
Estimate Beat Miss Forecast
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Revenue — History & Forecast
Revenue Forecast
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EPS Beat Rate
100% 8/8 quarters
Wall Street Consensus
HOLD
11
28
5
BuyHoldSell
Price Target Range
$136.11 -11.2% upside
Low $86 High $215
Consensus Current price
Wall Street Analyst Ratings
FirmRatingChangeActionDate
Evercore ISI Group In-Line ↔ Maintain 2026-07-28
Cantor Fitzgerald Neutral ↔ Maintain 2026-07-23
Citigroup Neutral ↔ Maintain 2026-07-22
Truist Securities Buy ↔ Maintain 2026-07-21
Morgan Stanley Equal-Weight Underweight Equal-Weight ▲ Upgrade 2026-07-21
Wells Fargo Underweight ↔ Maintain 2026-07-20
Mizuho Underperform ↔ Maintain 2026-07-15
TD Cowen Buy ↔ Maintain 2026-07-13
Barclays Equal-Weight ↔ Maintain 2026-07-13
BTIG Buy ↔ Maintain 2026-07-10
HSBC Reduce Hold Reduce ▼ Downgrade 2026-06-30
B of A Securities Buy ↔ Maintain 2026-06-08
Susquehanna Neutral ↔ Maintain 2026-05-08
UBS Neutral ↔ Maintain 2026-05-07
JP Morgan Underweight ↔ Maintain 2026-05-07
Scotiabank Sector Perform ↔ Maintain 2026-05-07
RBC Capital Sector Perform ↔ Maintain 2026-05-07
Piper Sandler Neutral ↔ Maintain 2026-05-07
Stephens & Co. Equal-Weight ↔ Maintain 2026-05-07
Rosenblatt Buy ↔ Maintain 2026-05-07
BMO Capital Market Perform ↔ Maintain 2026-05-04
Freedom Broker Hold Buy Hold ▼ Downgrade 2026-02-17
Wedbush Outperform ↔ Reiterate 2026-02-06
Jefferies Hold ↔ Maintain 2025-11-06
Baird Neutral ↔ Maintain 2025-11-06
Evercore ISI Group 2026-07-28
In-Line ↔ Maintain
Cantor Fitzgerald 2026-07-23
Neutral ↔ Maintain
Citigroup 2026-07-22
Neutral ↔ Maintain
Truist Securities 2026-07-21
Buy ↔ Maintain
Morgan Stanley 2026-07-21
Equal-Weight (from Underweight) ▲ Upgrade
Wells Fargo 2026-07-20
Underweight ↔ Maintain
Mizuho 2026-07-15
Underperform ↔ Maintain
TD Cowen 2026-07-13
Buy ↔ Maintain
Barclays 2026-07-13
Equal-Weight ↔ Maintain
BTIG 2026-07-10
Buy ↔ Maintain
HSBC 2026-06-30
Reduce (from Hold) ▼ Downgrade
B of A Securities 2026-06-08
Buy ↔ Maintain
Susquehanna 2026-05-08
Neutral ↔ Maintain
UBS 2026-05-07
Neutral ↔ Maintain
JP Morgan 2026-05-07
Underweight ↔ Maintain
Scotiabank 2026-05-07
Sector Perform ↔ Maintain
RBC Capital 2026-05-07
Sector Perform ↔ Maintain
Piper Sandler 2026-05-07
Neutral ↔ Maintain
Stephens & Co. 2026-05-07
Equal-Weight ↔ Maintain
Rosenblatt 2026-05-07
Buy ↔ Maintain
BMO Capital 2026-05-04
Market Perform ↔ Maintain
Freedom Broker 2026-02-17
Hold (from Buy) ▼ Downgrade
Wedbush 2026-02-06
Outperform ↔ Reiterate
Jefferies 2025-11-06
Hold ↔ Maintain
Baird 2025-11-06
Neutral ↔ Maintain
Profitability
Gross Margin 80.30%TTM
Op. Margin 31.28%TTM
ROE 132.39%TTM
Rev. Growth 20.10%YoY
Free Cash Flow 1.81BTTM
FCF Yield TTM
Balance Sheet
Debt / Equity 57.31MRQ
Current Ratio 1.15MRQ
Cash 3.29BMRQ
Total Debt 567.20MMRQ
Net Debt MRQ
How FTNT Makes Its Money
Cash Flow Breakdown
Quarterly Metrics
QuarterRevenueRev YoYGross Profit Op. IncomeNet IncomeNet YoY Gross %Op %Net %
Full Key Statistics
Valuation
Market Cap112.26B
Enterprise Value109.53B
Trailing P/E59.39
Forward P/E44.73
PEG Ratio (5yr)3.50
Price/Sales (ttm)15.79
Price/Book (mrq)113.66
EV/Revenue15.41
EV/EBITDA46.38
Share Statistics
Avg Vol (3m)6.19M
Shares Outstanding732.65M
Float617.65M
% Held by Insiders17.39%
% Held by Institutions72.08%
Short Ratio2.36
Short % of Float2.39%
Profitability
Gross Margin80.30%
Operating Margin (ttm)31.28%
Profit Margin27.49%
Return on Assets (ttm)13.59%
Return on Equity (ttm)132.39%
Income Statement
Revenue (ttm)7.11B
Revenue Growth (yoy)20.10%
Gross Profit (ttm)5.71B
EBITDA2.36B
Net Income (ttm)1.95B
Diluted EPS (ttm)2.58
EPS Growth (yoy)28.60%
Balance Sheet
Total Cash (mrq)3.29B
Total Debt (mrq)567.20M
Debt / Equity (mrq)57.31
Current Ratio (mrq)1.15
Book Value / Share1.35
Operating CF (ttm)2.80B
Free Cash Flow (ttm)1.81B
Trading & Dividends
Beta (5Y)1.09
50-Day MA147.82
200-Day MA99.46
Fwd Dividend YieldN/A
Payout Ratio0.00%
Ownership Breakdown
Institutional 72.08% Insider 17.39% Public 10.5%
Short Interest 2.39% of float
Low
Institutional 13F Holdings

Famous investors who disclosed a position in FTNT in their latest SEC 13F filing.

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Insider Transactions
DateInsiderRoleTransactionSharesValue
2026-06-11 HU JEAN X Director 650
2026-06-11 STAVRIDIS JAMES G Director 650
2026-06-11 GOLDMAN KENNETH ALLEN Director 650
2026-06-11 NAPOLITANO JANET ANN Director 650
2026-06-11 HSIEH MING Director 650
2026-06-11 SIM JUDITH KOON LIEN Director 650
2026-06-04 XIE MICHAEL Chief Technology Officer Stock Gift at price 0.00 per share. 5,250
2026-06-03 XIE MICHAEL Chief Technology Officer Sale at price 144.46 - 148.30 per share. 3,907 $572,144
2026-06-02 XIE KENNETH QING Chief Executive Officer Sale at price 142.37 - 148.94 per share. 160,632 $23,385,059
2026-06-02 XIE KENNETH QING Chief Executive Officer Conversion of Exercise of derivative security at price 22.90 per share. 155,000 $3,549,500
2026-05-21 WHITTLE JOHN Chief Operating Officer Sale at price 128.15 - 129.55 per share. 146,015 $18,749,948
2026-05-21 WHITTLE JOHN Chief Operating Officer Conversion of Exercise of derivative security at price 22.90 - 34.39 per share. 146,015 $4,365,769
2026-05-20 OHLGART CHRISTIANE MARGRIT Chief Financial Officer Sale at price 130.00 per share. 238 $30,940
2026-05-19 XIE MICHAEL Chief Technology Officer Stock Gift at price 0.00 per share. 5,854,588
2026-05-19 GOLDMAN KENNETH ALLEN Director Stock Gift at price 0.00 per share. 1,500
2026-05-14 OHLGART CHRISTIANE MARGRIT Chief Financial Officer Sale at price 120.00 per share. 756 $90,720
2026-05-11 OHLGART CHRISTIANE MARGRIT Chief Financial Officer Sale at price 115.00 per share. 238 $27,370
2026-05-07 OHLGART CHRISTIANE MARGRIT Chief Financial Officer Sale at price 110.00 per share. 756 $83,160
2026-05-05 OHLGART CHRISTIANE MARGRIT Chief Financial Officer Sale at price 89.70 per share. 596 $53,461
2026-05-04 XIE MICHAEL Chief Technology Officer Sale at price 87.04 - 89.61 per share. 2,478 $220,281
2026-05-04 XIE KENNETH QING Chief Executive Officer Sale at price 87.04 - 89.61 per share. 5,355 $476,035
2026-05-01 WHITTLE JOHN Chief Operating Officer 4,572
2026-05-01 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 4,903
2026-05-01 XIE KENNETH QING Chief Executive Officer 13,092
2026-05-01 XIE MICHAEL Chief Technology Officer 6,305
HU JEAN X Director
2026-06-11 650 sh
STAVRIDIS JAMES G Director
2026-06-11 650 sh
GOLDMAN KENNETH ALLEN Director
2026-06-11 650 sh
NAPOLITANO JANET ANN Director
2026-06-11 650 sh
HSIEH MING Director
2026-06-11 650 sh
SIM JUDITH KOON LIEN Director
2026-06-11 650 sh
XIE MICHAEL Chief Technology Officer
Stock Gift at price 0.00 per share.
2026-06-04 5,250 sh
XIE MICHAEL Chief Technology Officer
Sale at price 144.46 - 148.30 per share.
2026-06-03 3,907 sh $572,144
XIE KENNETH QING Chief Executive Officer
Sale at price 142.37 - 148.94 per share.
2026-06-02 160,632 sh $23,385,059
XIE KENNETH QING Chief Executive Officer
Conversion of Exercise of derivative security at price 22.90 per share.
2026-06-02 155,000 sh $3,549,500
WHITTLE JOHN Chief Operating Officer
Sale at price 128.15 - 129.55 per share.
2026-05-21 146,015 sh $18,749,948
WHITTLE JOHN Chief Operating Officer
Conversion of Exercise of derivative security at price 22.90 - 34.39 per share.
2026-05-21 146,015 sh $4,365,769
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
Sale at price 130.00 per share.
2026-05-20 238 sh $30,940
XIE MICHAEL Chief Technology Officer
Stock Gift at price 0.00 per share.
2026-05-19 5,854,588 sh
GOLDMAN KENNETH ALLEN Director
Stock Gift at price 0.00 per share.
2026-05-19 1,500 sh
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
Sale at price 120.00 per share.
2026-05-14 756 sh $90,720
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
Sale at price 115.00 per share.
2026-05-11 238 sh $27,370
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
Sale at price 110.00 per share.
2026-05-07 756 sh $83,160
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
Sale at price 89.70 per share.
2026-05-05 596 sh $53,461
XIE MICHAEL Chief Technology Officer
Sale at price 87.04 - 89.61 per share.
2026-05-04 2,478 sh $220,281
XIE KENNETH QING Chief Executive Officer
Sale at price 87.04 - 89.61 per share.
2026-05-04 5,355 sh $476,035
WHITTLE JOHN Chief Operating Officer
2026-05-01 4,572 sh
OHLGART CHRISTIANE MARGRIT Chief Financial Officer
2026-05-01 4,903 sh
XIE KENNETH QING Chief Executive Officer
2026-05-01 13,092 sh
XIE MICHAEL Chief Technology Officer
2026-05-01 6,305 sh