Fortinet, Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD
105.30
+2.14 (2.07%)
May 27, 2025, 2:08 PM - Market open
2.07%
Market Cap 80.60B
Revenue (ttm) 6.14B
Net Income (ttm) 1.88B
Shares Out 765.42M
EPS (ttm) 2.43
PE Ratio 43.35
Forward PE 41.64
Dividend n/a
Ex-Dividend Date n/a
Volume 2,046,417
Open 104.20
Previous Close 103.16
Day's Range 104.17 - 106.06
52-Week Range 54.57 - 114.82
Beta 1.17
Analysts Buy
Price Target 104.38 (-0.87%)
Earnings Date May 7, 2025

About FTNT

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity ga... [Read more]

Sector Technology
IPO Date Nov 18, 2009
Country United States
Stock Exchange NASDAQ
Ticker Symbol FTNT
Full Company Profile

Financial Performance

In 2024, Fortinet's revenue was $5.96 billion, an increase of 12.27% compared to the previous year's $5.30 billion. Earnings were $1.75 billion, an increase of 52.05%.

Financial Statements

Analyst Forecast

According to 32 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $104.38, which is a decrease of -0.87% from the latest price.

Price Target
$104.38
(-0.87% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Fortinet Named a Challenger in the 2025 Gartner® Magic Quadrant™ for Security Service Edge

Fortinet recognized in 11 Gartner® Magic Quadrant™ reports, including for Single-Vendor SASE, SD-WAN, and Security Service Edge, and we believe these recognitions highlight the strength of the Fortine...

4 days ago - GlobeNewsWire

Liquid Networx Wins Fortinet's Unified SASE Partner of the Year Award

SAN ANTONIO--(BUSINESS WIRE)-- #Fortinet--Liquid Networx, a premier cybersecurity and managed services provider, announced today that it was named Fortinet's Unified SASE Partner of the Year. The Fort...

4 days ago - Business Wire

Fortinet Inc (FTNT) Annual JPMorgan Global Technology, Media and Communications Conference (Transcript)

Fortinet Inc (NASDAQ:FTNT) Annual JPMorgan Global Technology, Media and Communications Conference May 13, 2024 2:30 PM ET Company Participants John Whittle - Chief Operating Officer Christiane Ohlgar...

13 days ago - Seeking Alpha

Why Fortinet Stock Is Today's Worst S&P 500 Performer

The cybersecurity stock fell despite beating earnings expectations.

19 days ago - Barrons

Fortinet, Inc. (FTNT) Q1 2025 Earnings Call Transcript

Fortinet, Inc. (NASDAQ:FTNT) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Aaron Ovadia - Senior Director of Investor Relations Ken Xie - Founder, Chairman and CEO Keit...

19 days ago - Seeking Alpha

Fortinet Reports First Quarter 2025 Financial Results

Highlights Total revenue of $1.54 billion , up 14% year over year Product revenue of $459 million, up 12% year over year Billings of $1.60 billion, up 14% year over year 1 Unified SASE ARR 2 up 26% an...

19 days ago - GlobeNewsWire

Fortinet Expands Hybrid Mesh Firewall Portfolio with FortiGate 700G

New FortiGate series delivers scalable, high-performance security for the modern campus, now enhanced with FortiOS post-quantum capabilities and FortiAI-Protect for advanced threat detection and GenAI...

20 days ago - GlobeNewsWire

Fortinet: Buy For Their Diversified And SASE Segment Growth

Fortinet (FTNT) is a leader in cybersecurity, excelling in firewall units and rapidly growing in the SASE market, making it a strong buy. FTNT's robust financial performance includes a 400% gain over ...

21 days ago - Seeking Alpha

Chris Verrone says cybersecurity stocks have more room to run

'Fast Money' trader Chris Verrone charts the next moves in the cybersecurity space.

Other symbols: CRWDCYBRHACKPANW
21 days ago - CNBC Television

BCI Strengthens National Presence with Strategic Acquisition of Pennsylvania-Based Fortinet Partner Trustlink Technologies

RIDGELAND, Miss.--(BUSINESS WIRE)--BCI continues to make strategic moves, this time by acquiring Trustlink Technologies, a highly respected cybersecurity services and consulting firm in Harrisburg, Pe...

25 days ago - Business Wire

Vodafone Business and Fortinet Expand Global Partnership to Secure Hybrid Work

Vodafone Business expands its converged networking and cybersecurity services powered by the Fortinet Unified SASE solution to new global markets. Vodafone Business has been also designated “Fortinet ...

4 weeks ago - GlobeNewsWire

Fortinet Threat Report Reveals Record Surge in Automated Cyberattacks as Adversaries Weaponize AI and Fresh Techniques

FortiGuard Labs 2025 Global Threat Landscape Report highlights a boom in Cybercrime-as-a-Service on the darknet, fueling a lucrative market for credentials, exploits, and access

4 weeks ago - GlobeNewsWire

Fortinet: Three Major Growth Catalysts

Fortinet: Three Major Growth Catalysts

4 weeks ago - Seeking Alpha

Fortinet Achieves GovRAMP Security Authorization

GovRAMP, formerly known as StateRAMP, authorization highlights Fortinet's ongoing commitment to secure critical government operations and functions with advanced threat intelligence GovRAMP, formerly ...

4 weeks ago - GlobeNewsWire

BCI Reaches Unprecedented Number of Fortinet Certifications and Specializations

RIDGELAND, Miss.--(BUSINESS WIRE)-- #BCI--BCI is thrilled to announce a groundbreaking achievement that highlights our commitment to excellence in cybersecurity. Our team has reached an impressive mil...

5 weeks ago - Business Wire

Fortinet Releases its 2024 Sustainability Report

SUNNYVALE, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its 2024...

5 weeks ago - GlobeNewsWire

Here are this week's 20 best performers as the S&P 500 rallied

Believe it or not, we just completed a good week for the U.S. stock market. The S&P 500 rose 5.7% through Friday's close from a week earlier, with three-quarters of component stocks showing gains.

6 weeks ago - Market Watch

Fortinet Wins 2025 Google Cloud Technology Partner of the Year Award

Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for Google Cloud Customers Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for...

6 weeks ago - GlobeNewsWire

Fortinet Expands FortiAI Across its Security Fabric Platform

New AI capabilities empower organizations to protect against emerging threats, accelerate security and network operations with agentic AI New AI capabilities empower organizations to protect against e...

7 weeks ago - GlobeNewsWire

Palo Alto Networks and 2 More Software Stocks That Can Handle an Economic Slowdown

Of the three stock plays, two are in the cybersecurity business and one is a fintech.

Other symbols: PANWDDOGSNOWINTU
7 weeks ago - Barrons

Fortinet to Announce First Quarter 2025 Financial Results

SUNNYVALE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a confer...

7 weeks ago - GlobeNewsWire

Liquid Networx Secures Major Global Retail Enterprise DLP Deal with Fortinet

SAN ANTONIO--(BUSINESS WIRE)--Liquid Networx, a premier cybersecurity and managed services provider, has partnered with Fortinet, a global leader in cybersecurity solutions, to deploy FortiDLP (Data L...

2 months ago - Business Wire

Exclusive Networks North America Achieves Fortinet's Engage Preferred Services Partner Designation

FREMONT, Calif. , March 26, 2025 /PRNewswire/ -- Exclusive Networks North America, a global leader in cybersecurity, today announced that it has been named an Engage Preferred Services Partner (EPSP) ...

2 months ago - PRNewsWire

Hackers are exploiting Fortinet firewall bugs to plant ransomware

Security researchers have observed hackers linked to the notorious LockBit gang exploiting a pair of Fortinet firewall vulnerabilities to deploy ransomware on several company networks.

2 months ago - TechCrunch

Fortinet Expands Its OT Security Platform to Strengthen Protection for Critical Infrastructure

SUNNYVALE, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has ...

2 months ago - GlobeNewsWire