Fortinet, Inc. (FTNT)
| Market Cap | 102.06B +56.2% |
| Revenue (ttm) | 7.88B +20.2% |
| Net Income | 2.28B +21.8% |
| EPS | 3.06 +26.0% |
| Shares Out | 733.71M |
| PE Ratio | 45.44 |
| Forward PE | 37.11 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,361,134 |
| Open | 127.96 |
| Previous Close | 174.08 |
| Day's Range | 127.40 - 139.44 |
| 52-Week Range | 73.55 - 197.13 |
| Beta | 1.04 |
| Analysts | Hold |
| Price Target | 151.51 (+8.92%) |
| Earnings Date | Oct 28, 2026 |
About FTNT
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and O... [Read more]
Financial Performance
In 2025, Fortinet's revenue was $6.80 billion, an increase of 14.17% compared to the previous year's $5.96 billion. Earnings were $1.85 billion, an increase of 6.20%.
Financial StatementsAnalyst Summary
According to 43 analysts, the average rating for FTNT stock is "Hold." The 12-month stock price target is $151.51, which is an increase of 8.92% from the latest price.
News
Thursday's First Moves: FTNT Falls After Earnings, CAT Tumbles, LLY Rises
Fortinet (FTNT) shares sunk after earnings as the cybersecurity company's product revenue slowed. Caterpillar (CAT) showed a similar slowing story in its earnings despite posting a beat.
Fortinet price target lowered to $140 from $163 at Scotiabank
Scotiabank lowered the firm’s price target on Fortinet (FTNT) to $140 from $163 and keeps a Sector Perform rating on the shares. The firm intends to await on the sidelines,…
Fortinet price target lowered to $130 from $160 at Deutsche Bank
Deutsche Bank analyst Brad Zelnick lowered the firm’s price target on Fortinet (FTNT) to $130 from $160 and keeps a Hold rating on the shares.
Fortinet price target lowered to $165 from $205 at RBC Capital
RBC Capital analyst Dan Bergstrom lowered the firm’s price target on Fortinet (FTNT) to $165 from $205 and keeps a Sector Perform rating on the shares. Demand remains strong, but…
Fortinet Stock Sinks. Analysts Say a Key Revenue Driver May Have Peaked.
Fortinet reports better-than-expected third-quarter earnings. But red flags are emerging.
Fortinet price target lowered to $190 from $225 at TD Cowen
TD Cowen lowered the firm’s price target on Fortinet (FTNT) to $190 from $225 and keeps a Buy rating on the shares. The firm updated its model following Q3 results…
Fortinet price target lowered to $140 from $155 at Wedbush
Wedbush analyst Steven Wahrhaftig lowered the firm’s price target on Fortinet (FTNT) to $140 from $155 and keeps a Neutral rating on the shares. The firm notes Fortinet reported its…
Fortinet price target lowered to $175 from $195 at Rosenblatt
Rosenblatt lowered the firm’s price target on Fortinet (FTNT) to $175 from $195 and keeps a Buy rating on the shares post the earnings report. The firm says the company’s…
Fortinet price target lowered to $186 from $203 at BTIG
BTIG lowered the firm’s price target on Fortinet (FTNT) to $186 from $203 and keeps a Buy rating on the shares. The company’s Q3 results were strong and beat consensus…
Fortinet price target lowered to $145 from $185 at Cantor Fitzgerald
Cantor Fitzgerald lowered the firm’s price target on Fortinet (FTNT) to $145 from $185 and keeps a Neutral rating on the shares. Fortinet accelerated billings growth to 29% and raised…
Fortinet price target lowered to $118 from $160 at Mizuho
Mizuho analyst Gregg Moskowitz lowered the firm’s price target on Fortinet (FTNT) to $118 from $160 and keeps an Underperform rating on the shares.
Fortinet price target lowered to $140 from $175 at Stifel
Stifel lowered the firm’s price target on Fortinet (FTNT) to $140 from $175 and keeps a Hold rating on the shares.
Fortinet price target lowered to $165 from $190 at Goldman Sachs
Goldman Sachs lowered the firm’s price target on Fortinet (FTNT) to $165 from $190 and keeps a Buy rating on the shares. Fortinet’s product revenue growth slowed to 37% from…
Cybersecurity Stocks PANW, CRWD, and NTSK Fall 7% in Pre-Market — Here’s Why
Shares of cybersecurity companies Palo Alto Networks ($PANW), CrowdStrike ($CRWD), and Netskope ($NTSK) fell about 7% in Thursday’s pre-market session. This came after Fortinet ($FTNT) released its th...
Fortinet price target lowered to $140 from $185 at Citi
Citi lowered the firm’s price target on Fortinet (FTNT) to $140 from $185 and keeps a Neutral rating on the shares post the Q3 report. The firm says Fortinet is…
Fortinet price target lowered to $140 from $175 at Piper Sandler
Piper Sandler lowered the firm’s price target on Fortinet (FTNT) to $140 from $175 and keeps a Neutral rating on the shares. The firm notes shares are indicated about 25%…
Fortinet Stock (FTNT) Sinks Despite Q3 Beat; Analysts Cut Price Targets
Fortinet ($FTNT) stock plunged more than 26% in Thursday’s pre-market trading despite reporting better-than-expected revenue and earnings and raising its full-year guidance. Analysts blamed the slowdo...
Fortinet price target lowered to $190 from $225 at TD Cowen
TD Cowen lowered the firm’s price target on Fortinet (FTNT) to $190 from $225 and keeps a Buy rating on the shares following the Q3 report. The company’s total billings…
Software stocks slide as Fortinet, ServiceNow fail to meet lofty investor expectations
Shares of software companies tumbled in premarket trading on Thursday following disappointing results from Fortinet and ServiceNow, deepening worries about AI disruption that has plagued the sector.
Fortinet downgraded to Neutral at BofA after ‘disappointing slowdown
As previously reported, BofA downgraded Fortinet (FTNT) to Neutral from Buy with a price target of $140, down from $220. Q3 Product and Services revenue fell short in Q3, while…
Fortinet downgraded to Neutral from Buy at BofA
BofA downgraded Fortinet (FTNT) to Neutral from Buy with a $140 price target
Fortinet's stock is taking a dive after earnings. Here's why.
Cybersecurity stocks are broadly falling as growth slows significantly in one of Fortinet's business segments.
Fortinet Earnings Call Transcript: Q3 2026
Q3 billings rose 29% and revenue 20%, driven by product, SASE, OT and AI demand. Full-year billings and revenue guidance increased, while service revenue recognition lagged strong billings due to delayed activations.
Fortinet Earnings release: Q3 2026
Fortinet released its Q3 2026 earnings on October 28, 2026, summarizing the period's financial results.