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Fortinet (FTNT)
NASDAQ:FTNT

Fortinet (FTNT) Price & Analysis

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FTNT Stock Chart & Stats

$82.76
-$1.40(-1.46%)
At close: 4:00 PM EST
$82.76
-$1.40(-1.46%)

Bulls Say, Bears Say

Bulls Say
Capital ReturnsAn increased share buyback program signals management confidence in cash generation and could support the stock by reducing available float and reinforcing investor sentiment.
Hardware-driven ProfitabilityOutperformance in hardware sales, combined with cost discipline and proprietary architecture, is improving operating margins and boosting GAAP profitability versus peers.
Unified SASE AdoptionUnified SASE adoption and a rise in large platform deals are driving broad demand across virtual and hardware products, supporting billings growth and stronger upfront revenue recognition.
Bears Say
Competitive And Execution PressureA normalizing firewall market and competition from larger vendors require sustained above-market execution, otherwise market share and growth targets could be at risk.
Services Revenue LagServices and software attach rates are trailing product cycles, creating a risk that recurring revenue will not accelerate enough to sustain growth once the hardware cycle slows.
Supply Chain And Component RiskPersistent component shortages such as memory could necessitate further price increases or constrain shipments, which may suppress demand and complicate margin recovery.

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 $61.54B.
      When is Fortinet’s upcoming earnings report date?
      Fortinet’s upcoming earnings report date is Apr 30, 2026 which is in 80 days.
        How were Fortinet’s earnings last quarter?
        Fortinet released its earnings results on Feb 05, 2026. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.743 by $0.067.
          Is Fortinet overvalued?
          According to Wall Street analysts Fortinet’s price is currently Undervalued. 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 0.62.
              How many shares outstanding does Fortinet have?
              Fortinet has 743,648,130 shares outstanding.
                What happened to Fortinet’s price movement after its last earnings report?
                Fortinet reported an EPS of $0.81 in its last earnings report, beating expectations of $0.743. Following the earnings report the stock price went up 4.852%.
                  Which hedge fund is a major shareholder of Fortinet?
                  Currently, no hedge funds are holding shares in FTNT
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    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

                    Q4 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call emphasized strong top-line growth, robust product acceleration, leadership in secure networking and Unified SASE, impressive margins and record cash generation, alongside disciplined capital returns and confident guidance for 2026. Headwinds discussed were manageable operational issues—memory/component pricing, short-term services revenue timing, and some quarterly volatility in SecOps billings—plus modest FX and debt-repayment effects. Overall the positive execution, market leadership, and reaffirmed multi-year targets materially outweigh the near-term operational and cost pressures.View all FTNT earnings summaries

                    FTNT Revenue Breakdown

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

                    FTNT Stock 12 Month Forecast

                    Average Price Target

                    $88.14
                    ▲(6.50% Upside)
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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 24,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 31, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":108.01,"date":1740787200000,"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 17,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 30, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":96.67,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n        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style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":86.43,"date":1761955200000,"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 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 39, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":81.82,"date":1764547200000,"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 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 39, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 4</span>\n      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                    Ownership Overview

                    15.75%14.28%0.57%39.68%
                    15.75% Insiders
                    0.57% Other Institutional Investors
                    39.68% Public Companies and Individual Investors
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