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Fortinet (FTNT)
NASDAQ:FTNT
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Fortinet

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FTNT Stock Chart & Stats

$87.52
-$1.40(-1.46%)
At close: 4:00 PM EST
$87.52
-$1.40(-1.46%)

Bulls Say, Bears Say

Bulls Say
Financial PerformanceSolid 3Q results along with an improved 4Q guidance could help the shares recover from recent setbacks.
Revenue GrowthProduct revenue is expected to beat estimates as the focus shifts from core firewall appliances to SASE/Sec Ops solutions.
Stock RepurchaseFortinet repurchased approximately $1.4 billion of stock, taking advantage of a recent share decline.
Bears Say
Cannibalization ConcernsThere is a potential concern about the cannibalization of firewall appliance sales by SASE offerings.
Firewall Refresh ImpactThe firewall refresh is turning out to be smaller than expected, which may lead to a decrease in FY26/FY27 estimates, creating a headwind for the stock.
Valuation PressureDespite a 17% decline in FTNT's stock year-to-date, there is a concern that the risk has not been fully priced in due to a still relatively high FCF multiple.

Fortinet News

FTNT FAQ

What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was $70.12 and its highest was $114.82 in the past 12 months.
    What is Fortinet’s market cap?
    Fortinet’s market cap is $66.23B.
      When is Fortinet’s upcoming earnings report date?
      Fortinet’s upcoming earnings report date is Nov 05, 2025 which is today.
        How were Fortinet’s earnings last quarter?
        Currently, no data Available
        Is Fortinet overvalued?
        According to Wall Street analysts Fortinet’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
          Does Fortinet pay dividends?
          Fortinet does not currently pay dividends.
          What is Fortinet’s EPS estimate?
          Fortinet’s EPS estimate is 0.63.
            How many shares outstanding does Fortinet have?
            Fortinet has 766,266,050 shares outstanding.
              What happened to Fortinet’s price movement after its last earnings report?
              Currently, no data Available
              Which hedge fund is a major shareholder of Fortinet?
              Currently, no hedge funds are holding shares in FTNT

              Company Description

              Fortinet

              Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

              Fortinet (FTNT) Earnings & Revenues

              FTNT Company Deck

              FTNT Earnings Call

              Q2 2025
              0:00 / 0:00
              Earnings Call Sentiment|Positive
              The earnings call presented a generally positive outlook with strong growth in key areas such as Unified SASE, SecOps, and large enterprise deals, alongside recognition in industry rankings. However, there are challenges with decelerating service revenue growth and a decline in operating margin.View all FTNT earnings summaries

              FTNT Revenue Breakdown

              67.95%67.95%32.05%
              67.95% Services
              32.05% Product
              tipranks

              FTNT Stock 12 Month Forecast

              Average Price Target

              $86.96
              ▼(-0.64% Downside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 29,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 37, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":95.32,"date":1733011200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 36,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 37, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 4</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":94.48,"date":1735689600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n         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              Ownership Overview

              15.21%15.02%0.57%40.85%
              15.21% Insiders
              0.57% Other Institutional Investors
              40.85% Public Companies and Individual Investors
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