FTNT

Fortinet Inc

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Advanced Chart

99.900

-1.81(-1.780%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

102.600

Open

102.265

VWAP

101.03

Vol

4.31M

Mkt Cap

76.47B

Low

99.670

Amount

435.64M

EV/EBITDA(TTM)

31.19

Total Shares

763.94M

74.06B

EV/OCF(TTM)

32.33

P/S(TTM)

12.81

Fortinet, Inc. is engaged in cybersecurity, driving the convergence of networking and security. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. It also operates Fortinet Training Institute.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

1.88B

+13.15%

0.691

-6.64%

1.71B

+13.62%

0.616

-2.16%

1.63B

+13.36%

0.591

+3.74%

Estimates Revision

The market is revising Downward the revenue expectations for Fortinet, Inc. (FTNT) for FY2025, with the revenue forecasts being adjusted by -0.03% over the past three months. During the same period, the stock price has changed by -4.14%.

Revenue Estimates for FY2025

Revise Downward

-0.03%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.9%

In Past 3 Month

Stock Price

Go Down

-4.14%

In Past 3 Month

27 Analyst Rating

10.11% Upside

Wall Street analysts forecast FTNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTNT is 110.00 USD with a low forecast of 94.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

17 Hold

1 Sell

Moderate Buy

10.11% Upside

Current: 99.900

Low

94.00

Averages

110.00

High

135.00

10.11% Upside

Current: 99.900

Low

94.00

Averages

110.00

High

135.00

Wells Fargo

Equal Weight

maintain

$95 -> $110

2025-07-28

New

Reason

Wells Fargo

Price Target

$95 -> $110

2025-07-28

New

maintain

Equal Weight

Reason

Wells Fargo raised the firm's price target on Fortinet to $110 from $95 and keeps an Equal Weight rating on the shares ahead of quarterly results. The firm's checks suggest modest upside to product revenue and billings, though Wells remains cautious on the FY25 outlook as subscription services growth is expected to decelerate.

Cantor Fitzgerald

Neutral

maintain

$100 -> $110

2025-07-16

Reason

Cantor Fitzgerald

Price Target

$100 -> $110

2025-07-16

maintain

Neutral

Reason

Cantor Fitzgerald raised the firm's price target on Fortinet to $110 from $100 and keeps a Neutral rating on the shares. Cantor's checks on Fortinet suggest improved trends quarter over quarter, with an uptick in close rates and channel incentives driving refresh strength, the analyst tells investors in a research note. The firm expects continued cautious commentary overall, but less-conservative guidance driven by another product beat.

Barclays

Saket Kalia

Equal Weight

maintain

$103 -> $110

2025-07-14

Reason

Barclays

Saket Kalia

Price Target

$103 -> $110

2025-07-14

maintain

Equal Weight

Reason

Barclays analyst Saket Kalia raised the firm's price target on Fortinet to $110 from $103 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the security, design, and vertical software-as-a-service group as part of an earnings preview.

Wells Fargo

Overweight

maintain

$225 -> $235

2025-05-21

Reason

Wells Fargo

Price Target

$225 -> $235

2025-05-21

maintain

Overweight

Reason

Wells Fargo raised the firm's price target on Palo Alto Networks (PANW) to $235 from $225 and keeps an Overweight rating on the shares. The firm notes the company reported solid results, with strong upside to net new ARR. Product and Subs revenue growth was higher than both Check Point (CHKP) and Fortinet (FTNT), and free cash flow margin remains intact.

Wolfe Research

Joshua Tilton

Peer Perform

initiated

2025-05-12

Reason

Wolfe Research

Joshua Tilton

Price Target

2025-05-12

initiated

Peer Perform

Reason

Wolfe Research analyst Joshua Tilton initiated coverage of Fortinet with a Peer Perform rating.

KeyBanc

Eric Heath

Overweight

downgrade

$120 -> $115

2025-05-08

Reason

KeyBanc

Eric Heath

Price Target

$120 -> $115

2025-05-08

downgrade

Overweight

Reason

KeyBanc analyst Eric Heath lowered the firm's price target on Fortinet to $115 from $120 and keeps an Overweight rating on the shares. The firm cites a mixed Q1 as total revenue, product revenue, billings, and margins beat, but services revenue missed. KeyBanc also notes that the company guided Q2 in line.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Fortinet Inc (FTNT.O) is 40.27, compared to its 5-year average forward P/E of 44.46. For a more detailed relative valuation and DCF analysis to assess Fortinet Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

44.46

Current PE

40.27

Overvalued PE

56.43

Undervalued PE

32.48

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

31.33

Current EV/EBITDA

31.90

Overvalued EV/EBITDA

38.64

Undervalued EV/EBITDA

24.01

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

9.68

Current PS

11.52

Overvalued PS

11.77

Undervalued PS

7.59

Financials

Annual

Quarterly

FY2025Q1

YoY :

+13.77%

1.54B

Total Revenue

FY2025Q1

YoY :

+32.32%

447.50M

Operating Profit

FY2025Q1

YoY :

+38.22%

422.80M

Net Income after Tax

FY2025Q1

YoY :

+43.59%

0.56

EPS - Diluted

FY2025Q1

YoY :

+30.94%

796.80M

Free Cash Flow

FY2025Q1

YoY :

+2.72%

80.96

Gross Profit Margin - %

FY2025Q1

YoY :

+7.30%

33.66

FCF Margin - %

FY2025Q1

YoY :

+27.26%

28.15

Net Margin - %

FY2025Q1

YoY :

-24.17%

99.45

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

17.3M

USD

3-6

Months

52.4M

USD

6-9

Months

18.2M

USD

0-12

Months

29.6M

USD

Bought

0-3

34.9K

USD

Months

3-6

34.9K

USD

Months

6-9

35.0K

USD

Months

0-12

35.0K

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

292.8K

Volume

6-9

Months

2.1M

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

375.1K

Volume

Months

6-9

752.2K

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress areSelling! The selling amount has increased669.23%over the last month.

Sold

0-3

Months

282.5K

USD

3-6

Months

8.0K

USD

6-9

Months

8.0K

USD

0-12

Months

75.0K

USD

Bought

0-3

0.0

USD

Months

3-6

32.5K

USD

Months

6-9

16.0K

USD

Months

0-12

65.0K

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

17.3M

USD

3-6

Months

52.4M

USD

6-9

Months

18.2M

USD

0-12

Months

29.6M

USD

Bought

0-3

34.9K

USD

Months

3-6

34.9K

USD

Months

6-9

35.0K

USD

Months

0-12

35.0K

USD

Months

FTNT News & Events

Events Timeline

2025-07-30 (ET)

2025-07-30

09:03:20

Fortinet Fabric-Ready Technology APP surpasses 3,000 integrations

2025-07-22 (ET)

2025-07-22

09:05:11

Fortinet announces expanded innovations within FortiOS system

2025-06-17 (ET)

2025-06-17

12:47:22

IRIB says Israel launches cyberattack against Iran, Bloomberg reports

News

6.0

07-30Yahoo Finance

Fortinet (FTNT) Gets PT Hike—But Can It Deliver Beyond Q2?

3.0

07-30NASDAQ.COM

Validea's Top Information Technology Stocks Based On Peter Lynch - 7/30/2025

7.5

07-30Newsfilter

Fortinet Fabric-Ready Technology Alliance Partner Program Surpasses 3,000 Integrations Across More Than 400 Partners

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287.880

USD

-0.78%

FAQ

What is Fortinet Inc (FTNT) stock price today?

The current price of FTNT is 99.9 USD — it has decreased -1.78 % in the last trading day.

FTNT

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

FTNT News & Events

Events Timeline

News

People Also Watch

FAQ

What is Fortinet Inc (FTNT) stock price today?

What is Fortinet Inc (FTNT)'s business?

What is the price predicton of FTNT Stock?

What is Fortinet Inc (FTNT)'s revenue for the last quarter?

What is Fortinet Inc (FTNT)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for Fortinet Inc (FTNT)'s fundamentals?

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