FTNT Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

1.86B

+12.02%

0.742

+0.33%

1.72B

+11.8%

0.650

+12.08%

1.81B

+11.05%

0.689

+7.67%

Estimates Revision

The market is revising Upward the revenue expectations for Fortinet, Inc. (FTNT) for FY2025, with the revenue forecasts being adjusted by 0.05% over the past three months. During the same period, the stock price has changed by -9.29%.

Revenue Estimates for FY2025

Revise Upward

+0.05%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+6.83%

In Past 3 Month

Stock Price

Go Down

-9.29%

In Past 3 Month

25 Analyst Rating

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 85.22 USD with a low forecast of 67.00 USD and a high forecast of 101.00 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.

4 Buy

19 Hold

2 Sell

Hold

Current: 0.000

Low

67.00

Averages

85.22

High

101.00

Current: 0.000

Low

67.00

Averages

85.22

High

101.00

Piper Sandler

Rob Owens

Neutral

maintain

$85 -> $90

2026-01-05

New

Reason

Piper Sandler

Rob Owens

Price Target

$85 -> $90

2026-01-05

New

maintain

Neutral

Reason

Piper Sandler analyst Rob Owens raised the firm's price target on Fortinet to $90 from $85 and keeps a Neutral rating on the shares. The firm says 2025 proved to be a tough year for its Security & Infrastructure Software coverage, with the average name showing negative performance and only four names outperforming the NASDAQ. Piper is cautiously optimistic for a better year in 2026, with many names entering the year at interesting valuation levels setup well to be longer-term GenAI winners, despite monetization at the software layer not yet occurring at scale.

Morgan Stanley

Underweight

maintain

$66 -> $70

2025-12-18

Reason

Morgan Stanley

Price Target

$66 -> $70

2025-12-18

maintain

Underweight

Reason

Morgan Stanley raised the firm's price target on Fortinet to $70 from $66 and keeps an Underweight rating on the shares. Cybersecurity names were largely flat on the year, with platforms being up about 30%, on average, and the rest of the space being down about 12%, the analyst tells investors. The firm continues to see platforms as the "easiest way to play cyber" and expects them to continue to outperform, but believes other opportunities remain, the analyst tells investors in a year-ahead note for the group.

JPMorgan

Neutral -> Underweight

downgrade

$85 -> $75

2025-12-17

Reason

JPMorgan

Price Target

$85 -> $75

2025-12-17

downgrade

Neutral -> Underweight

Reason

JPMorgan downgraded Fortinet to Underweight from Neutral with a price target of $75, down from $85. The company is facing headwinds as platform consolidation trends continue into 2026, the analyst tells investors in a research note. JPMorgan sees risk to Fortinet's growth, saying larger platform vendors are better positioned to "dominate" the company's markets. It believes Fortinet's growth will remain dependent upon the company's ability to take hardware market share. As such, the firm sees better share upside opportunities elsewhere in the sector.

Daiwa

Outperform -> Neutral

downgrade

$86

2025-11-12

Reason

Daiwa

Price Target

$86

2025-11-12

downgrade

Outperform -> Neutral

Reason

Daiwa downgraded Fortinet to Neutral from Outperform with an $86 price target.

Mizuho

Underperform

downgrade

$75 -> $72

2025-11-06

Reason

Mizuho

Price Target

$75 -> $72

2025-11-06

downgrade

Underperform

Reason

Mizuho lowered the firm's price target on Fortinet to $72 from $75 and keeps an Underperform rating on the shares. The firm has more questions regarding the company's growth profile following the earnings report.

Jefferies

Hold

downgrade

$85 -> $80

2025-11-06

Reason

Jefferies

Price Target

$85 -> $80

2025-11-06

downgrade

Hold

Reason

Jefferies lowered the firm's price target on Fortinet to $80 from $85 and keeps a Hold rating on the shares. Services revenue missed consensus "again" and Service revenue is now expected to rebound in the second half of 2026, which the firm calls "a disappointing extension" from prior commentary indicating Q4 stabilization. The firm sees a "downside floor" of $65 per share, the analyst noted.

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 43.85. 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.

5Y Average PE

43.85

Current PE

27.43

Overvalued PE

56.35

Undervalued PE

31.35

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.

5Y Average EV/EBITDA

31.34

Current EV/EBITDA

21.23

Overvalued EV/EBITDA

38.64

Undervalued EV/EBITDA

24.05

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.

5Y Average PS

9.80

Current PS

7.93

Overvalued PS

11.78

Undervalued PS

7.82

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

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

Sold

Bought

Hedge Fund

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

Sold

Bought

Congress Trading

Congress areSelling! The selling amount has increased103.13%over the last month.

Sold

Bought

Insider

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

Sold

Bought

FTNT News & Events

Events Timeline

No data

News

5.0

01-07Fool

Cybersecurity Industry Attracts Investor Interest for 2026 and Beyond

5.0

01-07NASDAQ.COM

Cybersecurity Industry Attracts Investor Interest for 2026 and Beyond

4.5

01-03NASDAQ.COM

Chip Stocks Rally While Nasdaq Declines Amid Mixed Market Performance

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Frequently Asked Questions

What is Fortinet Inc (FTNT) stock price today?

The current price of FTNT is 78.185 USD — it has increased 0.17 % in the last trading day.

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?

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

Fortinet Inc revenue for the last quarter amounts to 1.72B USD, increased 14.38 % YoY.

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

Fortinet Inc. EPS for the last quarter amounts to 0.62 USD, decreased -11.43 % YoY.

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

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

Fortinet Inc (FTNT) has 14138 emplpoyees as of January 09 2026.

What is Fortinet Inc (FTNT) market cap?

Today FTNT has the market capitalization of 58.04B USD.