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Fortinet, Inc.

FTNT · NMS
$178.74+2.57%
52W Low: $73.5552W High: $179.35
Current: $178.74  ·  99% of 52-week range
TechnologySoftware - InfrastructureNMS
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Fortinet, Inc. (FTNT) is a technology company in the software - infrastructure industry with $7.53B in trailing revenue trading at a 61.6× trailing P/E — analyst consensus: hold.

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Key Statistics

Market Cap$131.14B
Revenue (TTM)$7.53B
EPS (TTM)$2.90
EPS (Fwd est.)$3.78
Employees15,472
Trailing P/E61.63
Forward P/E47.31
PEG Ratio1.92
Price / Sales17.42
Price / Book84.55
EV / EBITDA49.17
Beta (5Y)1.06

Analyst Consensus

Consensus
Hold
Analyst Price Target
-8.1% downside
Target: $164.32

Annual Revenue & Net Income

RevenueNet Income
'22
$4.42B
$860.00M
'23
$5.30B
$1.15B
'24
$5.96B
$1.75B
'25
$6.80B
$1.85B

Earnings History


QuarterActual EPSEstimateResult
Jul 2026
$0.90
$0.75Beat (+20.5%)
May 2026
$0.82
$0.62Beat (+32.6%)
Feb 2026
$0.81
$0.74Beat (+8.9%)
Nov 2025
$0.74
$0.63Beat (+16.9%)

Next Earnings Report

Fortinet, Inc. is next expected to report earnings on 04 Nov 2026.

Profitability

80.2%
33.6%
28.2%
Gross
Margin
Operating
Margin
Net
Margin
Revenue Growth (YoY)25.6%
Return on Equity117.4%
Return on Assets14.2%

Balance Sheet

Cash & Equivalents$4.07B
Total Debt$560.00M
Net Position$3.51B (net cash)
Free Cash Flow (TTM)$2.27B
Debt / Equity36.19

Share Ownership

Institutions 71.5%
Insiders 17.4%
Public 11.1%

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Frequently Asked Questions

What does Fortinet, Inc. (FTNT) do?
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense acr…
What is FTNT's market cap?
Fortinet, Inc. has a market capitalization of approximately $131.14B.
What is FTNT's P/E ratio?
Fortinet, Inc. trades at a trailing P/E ratio of 61.6x and a forward P/E of 47.3x, which is above the broad market average of ~25x.
How much revenue does FTNT generate?
Fortinet, Inc. generated $7.53B in trailing 12-month revenue.
What do analysts say about FTNT?
The analyst consensus rating for Fortinet, Inc. is hold, with a mean price target of $164.32. That implies -8.1% upside from the current price.
When does FTNT report earnings?
Fortinet, Inc. is next scheduled to report earnings on 04 Nov 2026.
Does FTNT pay a dividend?
Fortinet, Inc. does not currently pay a regular dividend.

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