Fortinet, Inc. (FTNT)
| Market Cap | 80.87B |
| Revenue (ttm) | 6.14B |
| Net Income (ttm) | 1.88B |
| Shares Out | 765.42M |
| EPS (ttm) | 2.43 |
| PE Ratio | 43.49 |
| Forward PE | 41.81 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,864,115 |
| Open | 102.68 |
| Previous Close | 105.66 |
| Day's Range | 102.62 - 106.12 |
| 52-Week Range | 54.57 - 114.82 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 107.86 (+2.08%) |
| Earnings Date | Aug 6, 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]
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 StatementsAnalyst Summary
According to 31 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price target is $107.86, which is an increase of 2.08% from the latest price.
News
Fortinet: SASE Subscription Fuels Margins
We rate Fortinet a Strong Buy with a $148 price target, driven by a subscription-led mix shift and unified platform momentum. Accelerating SASE and AI-powered SecOps adoption, plus a dominant firewall...
Fortinet: Highly Profitable, Founder-Led, And With Industry Tailwinds
The cybersecurity industry enjoys robust growth, with remote work, cloud, and AI providing strong tailwinds for Fortinet. Fortinet is led by its founders, who have a proven track record and a substant...
Fortinet to Announce Second Quarter 2025 Financial Results
SUNNYVALE, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will h...
Fortinet Recognized as the Overall Leader for the Third Time in a Row in the Westlands Advisory IT/OT Network Protection Platform Navigator 2025™ Report
Fortinet earns top ranking in both Strategic Direction and Capability Fortinet earns top ranking in both Strategic Direction and Capability
Fortinet Named a Leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure for the Second Year in a Row
Fortinet wired and WLAN solutions have long been integrated into the Fortinet Security Fabric, delivering a proven, AI-powered platform that converges networking and security to reduce complexity, mit...
Final Trades: Crowdstrike, Leidos Holdings, Fortinet and the BUG
The Investment Committee react to the news out of Qatar and give you their top stocks to watch for the second half.
Fortinet Strengthens Code-to-Cloud Security with CNAPP Enhancements and Launches Expanded Solution Availability in AWS Marketplace
SUNNYVALE, Calif., June 17, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced powerful...
Fortinet Unveils New AI-Powered Workspace Security Suite to Protect the Modern Enterprise
SUNNYVALE, Calif., June 04, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced enhancem...
Fortinet, Inc. (FTNT) Bank of America Global Technology Conference (Transcript)
Fortinet, Inc. (NASDAQ:FTNT) Bank of America Global Technology Conference June 3, 2025 12:20 PM ET Company Participants Ken Xie - CEO Christiane Ohlgart - CFO Conference Call Participants Tal Liani -...
Fortinet's Sticky Firewall Offerings Trigger Further Upside Potential - Initiate Buy
Fortinet's sticky firewall offerings have been exemplified by the robust performance metrics, as the increased adoption/cross-selling trigger higher ARRs and backlog. This is on top of the expanding p...
Spectrotel Achieves Expert Level in Fortinet's Engage Partner Program
NEPTUNE, N.J., May 29, 2025 (GLOBE NEWSWIRE) -- Spectrotel, a leading provider of Managed Network Services, today announced that it has achieved Expert-level partner status within Fortinet's Engage Pa...
Fortinet: Poised For Further Upside
Fortinet offers robust long-term growth potential with a strong recurring revenue base and critical cybersecurity positioning, despite short-term hardware demand volatility. Proprietary ASIC technolog...
BCI Wins Fortinet's Growth Partner of the Year Award
RIDGELAND, Miss.--(BUSINESS WIRE)--BCI Wins Fortinet's Growth Partner of the Year Award.
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...
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...
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...
Why Fortinet Stock Is Today's Worst S&P 500 Performer
The cybersecurity stock fell despite beating earnings expectations.
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...
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...
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...
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 ...
Chris Verrone says cybersecurity stocks have more room to run
'Fast Money' trader Chris Verrone charts the next moves in the cybersecurity space.
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...
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 ...