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

+12.03%

0.742

+0.33%

1.72B

+11.81%

0.649

+11.88%

1.81B

+11.07%

0.689

+7.58%

Estimates Revision

The market is revising Upward the revenue expectations for Fortinet, Inc. (FTNT) for FY2025, with the revenue forecasts being adjusted by 0.04% over the past three months. During the same period, the stock price has changed by 0.15%.

Revenue Estimates for FY2025

Revise Upward

+0.04%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+6.86%

In Past 3 Month

Stock Price

Go Up

+0.15%

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: 81.120

Low

67.00

Averages

85.22

High

101.00

Current: 81.120

Low

67.00

Averages

85.22

High

101.00

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.

Baird

Neutral

downgrade

$90 -> $86

2025-11-06

Reason

Baird

Price Target

$90 -> $86

2025-11-06

downgrade

Neutral

Reason

Baird lowered the firm's price target on Fortinet to $86 from $90 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results which showed a strong quarter for product demand but services are still muted.

Piper Sandler

Neutral

downgrade

$90 -> $85

2025-11-06

Reason

Piper Sandler

Price Target

$90 -> $85

2025-11-06

downgrade

Neutral

Reason

Piper Sandler lowered the firm's price target on Fortinet to $85 from $90 and keeps a Neutral rating on the shares. The firm notes quarterly results were solid, but services disappointed and were lowered for the 3rd consecutive quarter due to subscription attach timing and Lacework churn. Product growth impresses, and management holds to a bullish outlook for 2026 and beyond, but Fortinet remains in the "show me" story as comps get more difficult moving forward and historical aspects of longer-term guidance have had a propensity of falling short. While margins hit an all-time Q3 high in the quarter, the discussion of peak margins creeps into the narrative as growth is clearly the focal point, adds the firm.

UBS

Neutral

downgrade

$90 -> $80

2025-11-06

Reason

UBS

Price Target

$90 -> $80

2025-11-06

downgrade

Neutral

Reason

UBS lowered the firm's price target on Fortinet to $80 from $90 and keeps a Neutral rating on the shares. Fortinet's services revenues continued to slide in Q3, the analyst tells investors in a research note.

Valuation Metrics

The current forward P/E ratio for Fortinet Inc (FTNT.O) is 28.98, compared to its 5-year average forward P/E of 43.96. 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

43.96

Current PE

28.98

Overvalued PE

56.34

Undervalued PE

31.57

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

31.36

Current EV/EBITDA

22.45

Overvalued EV/EBITDA

38.62

Undervalued EV/EBITDA

24.09

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

9.79

Current PS

8.37

Overvalued PS

11.78

Undervalued PS

7.81

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

8.0

12-12NASDAQ.COM

Are Options Indicating a Surge in Fortinet Stock?

3.0

12-08NASDAQ.COM

Validea's Leading IT Stocks Inspired by Peter Lynch - December 8, 2025

6.5

12-05Benzinga

These Underperforming Stocks in 2025 Could Be Popular Picks in Early 2026

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Frequently Asked Questions

What is Fortinet Inc (FTNT) stock price today?

The current price of FTNT is 81.12 USD — it has decreased -1.34 % 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 December 15 2025.

What is Fortinet Inc (FTNT) market cap?

Today FTNT has the market capitalization of 61.14B USD.