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Fortinet, Inc.

FTNT
USA Nasdaq USD

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

Share Price
123.57USD
Market Cap
90.79BUSD
Revenue
7.88BUSD
Net Income
2.28BUSD
P/E (trailing)
40.4x
Sentiment
58.0%
  • 3M -19.3%
  • 6M +10.3%
  • 1Y +55.1%
  • 2Y +33.6%

Financial data: Yahoo Finance, as of 11-Nov-2026

Price History
Price & Size
Price 123.57 USD
Market Cap 90.79B USD
Shares Outstanding 734.71M
Shares Float 619.87M
52w Low 73.55 USD
52w High 197.13 USD
Avg Volume 4.72M
Valuation
P/E (trailing) 40.4x
P/E (forward) 31.7x
P/B 40.40x
Enterprise Value 86.53B USD
Book Value / Share 3.06 USD
PEG Ratio 1.39x
P/S 11.52x
EV / Revenue 10.98x
EV / EBITDA 31.42x
Income
Revenue 7.88B USD
Revenue / Share 10.69 USD
EBITDA 2.75B USD
Net Income 2.28B USD
EPS (trailing) 3.06 USD
EPS (forward) 3.90 USD
Margins & Profitability
Gross Margin 79.8%
Operating Margin 33.8%
Profit Margin 29.0%
EBITDA Margin 34.9%
Return on Equity 153.1%
Return on Assets 15.2%
Growth
Revenue Growth 20.5%
Earnings Growth 38.7%
Cash & Debt
Total Cash 4.80B USD
Total Debt 560.50M USD
Free Cash Flow 2.49B USD
Operating Cash Flow 3.69B USD
Debt / Equity 0.25x
Current Ratio 1.40x
Quick Ratio 1.23x
Dividend
Yield 0.0%
Payout Ratio 0.0%
Risk
Beta 1.04
Analyst Consensus
Target (Mean) 145.03 USD
Target (Median) 140.00 USD
Target (High) 190.00 USD
Target (Low) 110.00 USD
Analysts' Rating Hold
# Analysts 37
Identifiers
ISINUS34959E1091
CUSIP34959E109
FIGIBBG000BCMNX9
SEDOLB5B2Z16
Sentiment 58.0%

Sentiment is an AI (Grok) reading of market mood over the past 30 days: 0% very negative, 50% neutral, 100% very positive.

Positive drivers

Fortinet highlighted AI-enhanced threat detection in its latest earnings, driving a 12% YoY revenue increase in cloud security subscriptions. Strategic partnerships with hyperscalers expanded enterprise adoption and supported upward analyst revisions.

Neutral / mixed

Sector-wide cybersecurity spending remained steady without major acceleration or contraction. Macroeconomic factors such as interest rate stability contributed to moderate trading volumes aligned with peers.

Negative drivers

Intensifying competition from Palo Alto Networks and CrowdStrike pressured Fortinet's margins in endpoint protection. Hardware supply constraints and delayed product launches weighed on near-term growth expectations.

Bottom line

Market sentiment for FTNT is mildly positive, anchored by AI product momentum but offset by competitive and supply-side headwinds over the 30-day window.