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Fortinet provides AI-powered cybersecurity and secure networking hardware that protects AI data centers and infrastructure.

Snapshot
Country USA USA
ExchangeNasdaq
AI Layer infraapp
Category 5.40 Cybersecurity Vertical
Sentiment 58.0%
USD Mkt Cap114.51B
USD Revenue7.53B
USD Net Income2.12B
P/E55.34
fwd P/E41.31
PEG1.72
Price 3M+6.7%
Price 6M+86.4%
Price 1Y+95.2%
Price 2Y+108.8%
USD Share Price155.55
Price History
Price & Size
Price 156.07 USD
Market Cap 114.51B USD
Shares Outstanding 733.71M
Shares Float 618.91M
52w Low 73.55 USD
52w High 173.89 USD
Avg Volume 5.27M
Valuation
P/E (trailing) 55.3x
P/E (forward) 41.3x
P/B 73.83x
Enterprise Value 111.00B USD
Book Value / Share 2.11 USD
PEG Ratio 1.72x
P/S 15.21x
EV / Revenue 14.75x
EV / EBITDA 42.76x
Income
Revenue 7.53B USD
Revenue / Share 10.14 USD
EBITDA 2.60B USD
Net Income 2.12B USD
EPS (trailing) 2.82 USD
EPS (forward) 3.78 USD
Margins & Profitability
Gross Margin 80.2%
Operating Margin 33.6%
Profit Margin 28.2%
EBITDA Margin 34.5%
Return on Equity 117.4%
Return on Assets 14.2%
Growth
Revenue Growth 25.6%
Earnings Growth 43.9%
Cash & Debt
Total Cash 4.07B USD
Total Debt 561.40M USD
Free Cash Flow 2.27B USD
Operating Cash Flow 3.40B USD
Debt / Equity 0.36x
Current Ratio 1.28x
Quick Ratio 1.14x
Dividend
Payout Ratio 0.0%
Risk
Beta 1.06
Analyst Consensus
Target (Mean) 163.12 USD
Target (Median) 165.00 USD
Target (High) 220.00 USD
Target (Low) 102.00 USD
Recommendation hold
# Analysts 36
Identifiers
ISINUS34959E1091
CUSIP34959E109
FIGIBBG000BCMNX9
SEDOLB5B2Z16
Sentiment 58.0%
Positive drivers

Fortinet has expanded its AI-enhanced cybersecurity offerings, attracting positive analyst coverage and upgrades. Strong customer adoption of its FortiAI platform contributed to revenue growth in the period. Institutional investors increased positions amid broader AI sector interest.

Neutral / mixed

The company delivered earnings in line with consensus estimates without major surprises. Broader market volatility in tech stocks created mixed trading patterns for FTNT. Regulatory developments in data privacy remained stable without significant impact.

Negative drivers

Intensifying competition from larger cloud providers eroded some market share expectations. Concerns over valuation multiples persisted given elevated forward P/E ratios. Potential slowdown in enterprise IT spending due to economic uncertainty weighed on outlook.

Bottom line

Overall sentiment for Fortinet is mildly positive, anchored by AI product momentum but offset by competitive and macroeconomic headwinds.