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Fortinet (FTNT)
NASDAQ:FTNT
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Fortinet (FTNT) Price & Analysis

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FTNT Stock Chart & Stats


Bulls Say, Bears Say

Bulls Say
Financial PerformanceFTNT had RPO of $6.642B, showing an increase of 12.2% year-over-year and 2.3% quarter-over-quarter.
Market PositionFortinet is well positioned to consolidate wallet share in the convergence of security and networking, evidenced by its new position in the Gartner MQ for SASE.
Revenue GrowthSecurity subscriptions generated $644.4M in revenue, which is 39.5% of the total and increased by 15.3% year-over-year.
Bears Say
Earnings DisappointmentFortinet's subscription revenue and free cash flow did not meet expectations, further impacting the stock sentiment negatively.
Revenue ExpectationsThe expectation of a large firewall refresh as a significant revenue catalyst has not materialized, leading to a downgrade in stock rating.
Stock PerformanceFTNT is down 16% after hours due to Fortinet's comment about being 40-50% through the 2026 cohort of firewall refresh customers, with minimal upside to billings and revenue.

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 $60.13B.
      When is Fortinet’s upcoming earnings report date?
      Fortinet’s upcoming earnings report date is Oct 30, 2025 which is in 77 days.
        How were Fortinet’s earnings last quarter?
        Fortinet released its earnings results on Aug 06, 2025. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05.
          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 0.63.
              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?
                Fortinet reported an EPS of $0.64 in its last earnings report, beating expectations of $0.59. Following the earnings report the stock price went down -22.034%.
                  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 highlighted Fortinet's strong growth in revenue and billings, driven by Unified SASE and SecOps, as well as its recognition as a leader in the industry. However, challenges remain with service revenue growth deceleration and foreign exchange impacts. Despite these challenges, the overall sentiment is positive, given the strong performance and future growth potential.View all FTNT earnings summaries

                  FTNT Revenue Breakdown

                  41.01%41.01%40.23%18.76%
                  41.01% Americas
                  40.23% EMEA
                  18.76% APAC
                  tipranks

                  FTNT Stock 12 Month Forecast

                  Average Price Target

                  $88.70
                  ▲(11.81% Upside)
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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            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 37,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 45, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 3</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":100.88,"date":1738368000000,"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 24,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 31, 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                  Ownership Overview

                  14.31%14.87%1.40%42.61%
                  14.31% Insiders
                  1.40% Other Institutional Investors
                  42.61% Public Companies and Individual Investors
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