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FTNT

Fortinet, Inc.

FTNT

NASDAQ·Technology·Software - Infrastructure·Mkt cap $116.5B

$157.76

-0.77%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$70.12 - $159.80

P/E

60.91

Fwd P/E

53.68

Beta

1.11

Div Yield

0.00%

Avg Vol

6.4M

Shares Out

732.6M

Mkt Cap

$116.5B

Price action

Price chart

Up 55.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Integrated security platform
  • Advanced machine learning capabilities
  • Comprehensive product portfolio
  • Strong enterprise customer base

Bear Case

2 risks

  • Average volatility.
  • High premium - requires strong execution

Growth

Stable outlook

Increasing cybersecurity threats

Value

High premium - requires strong execution

Momentum

Hot

+92.6% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 30, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of $0.82 vs $0.62 consensus (+32.5% surprise). Revenue of $1.8B vs $1.7B expected (+6.7%). Beat on both top and bottom lines.

EPS beat +32.5%
Rev beat +6.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+32.5%

Next: Apr 30, 2026

Revenue trend · last 8Q

+17%

+14%

+14%

+14%

+15%

+20%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.4B

$1.5B

$1.7B

$1.5B

$1.6B

$1.7B

$1.9B

$1.8B

Margins · last 8Q

Gross

80.3%

Operating

31.4%

Profit

28.9%

Wall Street consensus

21 analysts · 24% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

24%

Hold

12

57%

Sell

4

19%

Median Price Target

$115.00

-27.1% vs $157.76

Low $70.00
Median $115.00
High $125.00

Latest: HSBC · Jun 29, 2026

12 analysts covering

vs Industry

How FTNT stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.