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FTNT Overview

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ET
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Intellectia

Loading chart...

High
85.050
Open
84.285
VWAP
83.62
Vol
5.83M
Mkt Cap
62.30B
Low
81.620
Amount
487.48M
EV/EBITDA(TTM)
23.19
Total Shares
739.92M
EV
59.43B
EV/OCF(TTM)
22.94
P/S(TTM)
9.42
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.
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Events Timeline

(ET)
2026-03-10
09:20:00
Fortinet Launches FortiOS 8.0 to Enhance Security Architecture
select
2026-03-10
09:10:00
Fortinet Unveils Major Innovations in Security Operations Platform at Accelerate 2026
select
2026-03-06 (ET)
2026-03-06
14:00:00
Trump Signs Executive Order to Combat Cybercrime
select
link
2026-02-20 (ET)
2026-02-20
15:30:00
Google Plans to Invest $100M in Fluidstack to Expand AI Chip Market
select
2026-02-20
13:10:00
Anthropic Launches Claude Code Security for Code Safety
select
link

News

Fool
7.5
03:06 AMFool
Palo Alto Networks: A Leader in Cybersecurity Market
  • Growing Market Demand: Security budgets tend to increase after each hacking incident, with the recent breach of Mexico's government highlighting this trend, thereby driving demand for high-end cybersecurity platforms, positioning Palo Alto Networks as a key beneficiary in the market.
  • Acquisition Strategy Enhances Competitiveness: The completion of the CyberArk acquisition on February 11 fills a critical gap in identity security, allowing clients to source more solutions from a single vendor, which strengthens the company's market position and pricing power.
  • Deepening Customer Relationships: With a net retention rate of 119% among existing clients on Palo Alto's platform, indicating increased annual spending, particularly as subscription revenue from remote and cloud access security products exceeds $1.5 billion, showcasing strong customer loyalty and revenue growth.
  • Robust Financial Performance: The company has averaged a free cash flow margin of 38% over the past three years, with management targeting a 40% margin by fiscal 2028; despite a current P/FCF ratio of 32.5, the company remains a compelling long-term investment opportunity for investors.
NASDAQ.COM
7.5
03:04 AMNASDAQ.COM
Significant Trend of Consolidation in Cybersecurity Spending
  • Accelerating Market Consolidation: As security buyers consolidate their spending with fewer vendors, Palo Alto Networks enhances its position as a one-stop security platform by acquiring CyberArk, filling critical gaps in identity security and likely attracting more clients to centralize their purchases, thereby boosting revenue and market share.
  • Sustained Cash Flow Growth: With free cash flow margins averaging around 38% over the past three years, management aims to increase this to 40% by fiscal 2028, indicating strong cash flow performance under multi-year contracts that supports future investments and acquisitions.
  • Strong Customer Retention: The net retention rate for existing clients on Palo Alto's platform stands at 119%, demonstrating that clients are increasing their spending on the platform, which further solidifies relationships and is expected to drive future revenue growth.
  • AI-Driven Revenue Growth: The product line securing remote and cloud access generates over $1.5 billion in subscriptions, while the AI-powered threat detection software has surpassed $500 million in revenue, showcasing the positive impact of technological innovation on business growth.
NASDAQ.COM
6.5
03-10NASDAQ.COM
Surge in Demand for Cybersecurity Solutions Amid Industry Trends
  • Growing Cybersecurity Demand: The significant rise in data breaches has led to a surge in demand for cybersecurity products, prompting companies like Palo Alto Networks, CrowdStrike, Fortinet, and Okta to seek comprehensive IT security solutions, thereby enhancing their business growth prospects.
  • Accelerated Digital Transformation: As sectors such as education, entertainment, and healthcare increasingly rely on technology, the demand for cybersecurity solutions continues to rise, particularly with the advent of 5G and IoT, which heightens the risk of cyberattacks and further fuels the need for security products.
  • Macroeconomic Challenges Impacting Investment: Global economic slowdowns and geopolitical tensions may lead enterprises to delay significant investments in large IT products, potentially negatively affecting the security market and its growth outlook in the short term.
  • High Operating Costs Squeeze Profits: To remain competitive, security companies are continuously investing in research and development and marketing, and while these elevated operating expenses may compress profit margins in the near term, they also lay the groundwork for future market share growth.
CNBC
7.5
03-10CNBC
Kevin Mandia's Startup Armadin Raises $190 Million in Funding
  • Successful Funding: Kevin Mandia's startup Armadin has raised nearly $190 million in a funding round led by Accel, with participation from notable investors like Google Ventures, providing strong financial backing for further development in the cybersecurity sector.
  • AI Implementation: Armadin focuses on creating autonomous AI agents that can rapidly scan for cyber threats, with Mandia stating that this technology allows tasks that previously took days to be completed in mere minutes, significantly enhancing the efficiency and responsiveness of cybersecurity defenses.
  • Team Expansion: Since its founding in September, Armadin has hired over 60 employees and begun collaborations with Fortune 100 companies, indicating a rapid scaling of operations and increased market competitiveness within a short timeframe.
  • Market Trend: As the complexity and speed of cyberattacks continue to rise, more tech companies are adopting AI-driven tools, and Mandia's venture aligns with this trend, aiming to enhance cybersecurity capabilities through innovative technology.
CNBC
8.5
03-09CNBC
OpenAI Acquires Cybersecurity Startup Promptfoo to Enhance AI Security
  • Acquisition Announcement: OpenAI has announced the acquisition of cybersecurity startup Promptfoo, which will enhance the security and governance capabilities of its Frontier platform, addressing the complexities of modern AI systems despite not disclosing the deal terms.
  • Team Integration: The team from Promptfoo will join OpenAI, with CEO Ian Webster stating that this integration will accelerate the enhancement of security and governance capabilities to tackle the challenges posed by AI agents connecting to real data and systems.
  • Open Source Continuation: OpenAI will continue to develop Promptfoo's open-source project, which allows developers to test various AI-related prompts and agents, comparing the performance of large language models, thereby fostering innovation in the AI sector.
  • Funding Background: Promptfoo raised $18.4 million in Series A funding in July 2025, achieving a post-valuation of $85.5 million, indicating its potential and market appeal in the cybersecurity domain.
Newsfilter
8.5
03-06Newsfilter
Surge in Investment for Post-Quantum Cryptography
  • Market Transformation Acceleration: With 97% of organizations planning to invest in post-quantum cryptography over the next 24 months, the urgency for migrating away from outdated encryption standards indicates a significant enhancement in cybersecurity capabilities across enterprises.
  • Economic Loss Estimates: The Citi Institute estimates that a quantum cyberattack could result in indirect economic losses of between $2 trillion and $3.3 trillion for a top-five U.S. bank, equivalent to 10% to 17% of U.S. GDP, highlighting the growing demand for post-quantum security solutions.
  • Technological Platform Innovation: QSE Corp. has launched a modular platform that integrates proprietary quantum entropy and zero-knowledge architecture, designed to protect sensitive data from both current and future cyber threats, thereby enhancing security for enterprises and governments.
  • International Collaboration Expansion: QSE renewed its agreement with India's Muthoot Group, covering approximately 14,000 user licenses, and secured a three-year security deal with three Brazilian government clients, further strengthening its global market presence.
Wall Street analysts forecast FTNT stock price to rise
24 Analyst Rating
Wall Street analysts forecast FTNT stock price to rise
3 Buy
18 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
70.00
Averages
84.18
High
100.00
Current: 0.000
sliders
Low
70.00
Averages
84.18
High
100.00
Wells Fargo
Underweight
initiated
$64
AI Analysis
2026-03-02
Reason
Wells Fargo
Price Target
$64
AI Analysis
2026-03-02
initiated
Underweight
Reason
Wells Fargo initiated coverage of Fortinet with an Underweight rating and $64 price target. The firm believes Fortinet's hardware-centricity "could prove unfavorable once firewall refresh winds down." The company has execution risk as it mixes away from hardware-centric markets long term, which is not fully priced into the shares, the analyst tells investors in a research note.
Freedom Capital
Almas Almaganbetov
Buy
to
Hold
downgrade
$90
2026-02-17
Reason
Freedom Capital
Almas Almaganbetov
Price Target
$90
2026-02-17
downgrade
Buy
to
Hold
Reason
Freedom Capital analyst Almas Almaganbetov downgraded Fortinet to Hold from Buy with an unchanged price target of $90. The firm cites valuation for the downgrade following the Q4 beat.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for FTNT
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Valuation Metrics

The current forward P/E ratio for Fortinet Inc (FTNT.O) is 27.43, compared to its 5-year average forward P/E of 43.95. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
43.95
Current PE
27.43
Overvalued PE
56.64
Undervalued PE
31.27

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
31.54
Current EV/EBITDA
21.23
Overvalued EV/EBITDA
38.88
Undervalued EV/EBITDA
24.21

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
9.87
Current PS
7.93
Overvalued PS
11.85
Undervalued PS
7.90

Financials

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Whales Holding FTNT

M
More Investment House Ltd.
Holding
FTNT
+33.06%
3M Return
V
Van Eck Associates Corporation
Holding
FTNT
+16.75%
3M Return
S
SAMA Foreign Holdings
Holding
FTNT
+15.12%
3M Return
I
Inspire Investing, LLC
Holding
FTNT
+6.25%
3M Return
H
Hudson River Trading LLC
Holding
FTNT
+3.52%
3M Return
Ö
ÖKoworld Lux S.A.
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FTNT
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Frequently Asked Questions

What is Fortinet Inc (FTNT) stock price today?

The current price of FTNT is 84.2 USD — it has increased 0.47

What is Fortinet Inc (FTNT)'s business?

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.

What is the price predicton of FTNT Stock?

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 is84.18 USD with a low forecast of 70.00 USD and a high forecast of 100.00 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.

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

Fortinet Inc revenue for the last quarter amounts to 1.91B USD, increased 14.75

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

Fortinet Inc. EPS for the last quarter amounts to 0.68 USD, decreased 0.00

How many employees does Fortinet Inc (FTNT). have?

Fortinet Inc (FTNT) has 15109 emplpoyees as of March 11 2026.

What is Fortinet Inc (FTNT) market cap?

Today FTNT has the market capitalization of 62.30B USD.