
Fortinet, Inc.
FTNTNASDAQTechnologySoftware - Infrastructure
Previous close
$153.51
+$2.72 · +1.80%
FTNT company overview
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AI-powered factor overview
GoAI score
Hold
Wait — insufficient conviction to act
Valuation
48
Fair Value
Momentum
71
Gaining
Sentiment
56
Mixed
Risk resilience
66
Moderate Risk
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Company profile
Company websiteFortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.
- Industry
- Software - Infrastructure
- Sector
- Technology
- Headquarters
- US
- CEO
- Ken Xie
- Listed since
- Nov 18, 2009
- Employees
- 15,472
Market position
Day range
Current $153.51
52-week range
Current $153.51
- Open
- $151.9
- Previous close
- $150.79
- Volume
- 4.05M
- 0.69× average
- Average volume
- 5.88M
- Average daily volume
- Market cap
- 112.63B USD
- Beta
- 1.06
- Market reference 1
- 50-day average
- $156.05
- -1.62% below average
- 200-day average
- $106.18
- +44.58% above average
Financials
Financial snapshot
Latest / TTMValuation & yield
- Enterprise value
- 57.51B USD
- P/E (TTM)
- 53.67×
- P/B (TTM)
- 72.83×
- P/S (TTM)
- 14.96×
- EV / EBITDA
- 23.33×
- Earnings yield
- 3.14%
- Free cash flow yield
- 3.77%
- Dividend yield
- 0.00%
Profitability & efficiency
- Gross margin
- 80.38%
- Operating margin
- 32.43%
- Net margin
- 28.17%
- Return on equity
- 149.77%
- Return on assets
- 17.84%
- Return on invested capital
- 28.75%
Financial health
- Debt / equity
- 0.32×
- Current ratio
- 1.17×
- Altman Z-score
- 8.87
- Piotroski F-score
- 6 of 9
Financial statements
Margin trends
Profitability as a percentage of reported revenue.
Income trends
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 6.8B USD | 5.96B USD | 5.3B USD | 4.42B USD | 3.34B USD |
| Cost of goods sold | 1.3B USD | 1.16B USD | 1.24B USD | 1.08B USD | 783M USD |
| Gross profit | 5.5B USD | 4.8B USD | 4.07B USD | 3.33B USD | 2.56B USD |
| Research and development | 815.5M USD | 716.8M USD | 613.8M USD | 512.4M USD | 424.2M USD |
| Selling, general, and administrative | 2.58B USD | 2.28B USD | 2.22B USD | 1.86B USD | 1.49B USD |
| Operating expenses | 3.42B USD | 2.99B USD | 2.83B USD | 2.36B USD | 1.91B USD |
| Interest income | 162.3M USD | 155.2M USD | 119.7M USD | 17.4M USD | 4.5M USD |
| Interest expense | 20.1M USD | 20M USD | 21M USD | 18M USD | 14.9M USD |
| Depreciation and amortization | 152M USD | 122.8M USD | 113.4M USD | 104.3M USD | 84.4M USD |
| Operating income | 2.08B USD | 1.8B USD | 1.24B USD | 969.6M USD | 650.4M USD |
| Net income | 1.85B USD | 1.75B USD | 1.15B USD | 857.3M USD | 606.8M USD |
Company facts updated Aug 24, 2026.
Earnings
- EPS beat rate
- 100%
- 11 beats, 0 misses, 0 met estimates
- Average EPS surprise
- +19.31%
- 11 comparable reports
- Latest EPS result
- 0.9
- Estimate 0.75 · Beat by 20.64%
EPS: actual versus estimate
Recent quarterly results
Revenue: actual versus estimate
Recent quarterly results
Analyst ratings
Third-party consensus; not a GoAI recommendation.
Rating distribution
68 ratingsRecent analyst actions
FTNT news
FTNT peers
ETFs holding FTNT
Funds reporting this stock among their holdings, ordered by reported position size.
Vanguard Morningstar Total Stock Market ETFVTI3.21B0.14%2.3T USD0.03%$378.24+0.44%
Vanguard S&P 500 ETFVOO2.65B0.16%1.7T USD0.03%$703.71+0.39%
Invesco QQQ Trust, Series 1QQQ2.38B0.49%485.41B USD0.18%$713.44+0.35%
iShares Core S&P 500 ETFIVV1.27B0.14%891.84B USD0.03%$769.31+0.39%
First Trust Nasdaq Cybersecurity ETFCIBR1.24B8.35%15.09B USD0.58%$94.85+1.50%
State Street SPDR S&P 500 ETFSPY1.17B0.14%817.87B USD0.09%$765.72+0.41%
Vanguard Morningstar Growth ETFVUG1.12B0.30%372B USD0.03%$87.50+0.38%
Vanguard Morningstar Mid-Cap ETFVO1.09B0.48%224.7B USD0.03%$82.97+0.53%
Vanguard Morningstar Total Stock Market ETFVTI- Market value
- 3.21B
- Weight
- 0.14%
- AUM
- 2.3T USD
- Expense ratio
- 0.03%
- Price / 1D
- $378.24+0.44%
Vanguard S&P 500 ETFVOO- Market value
- 2.65B
- Weight
- 0.16%
- AUM
- 1.7T USD
- Expense ratio
- 0.03%
- Price / 1D
- $703.71+0.39%
Invesco QQQ Trust, Series 1QQQ- Market value
- 2.38B
- Weight
- 0.49%
- AUM
- 485.41B USD
- Expense ratio
- 0.18%
- Price / 1D
- $713.44+0.35%
iShares Core S&P 500 ETFIVV- Market value
- 1.27B
- Weight
- 0.14%
- AUM
- 891.84B USD
- Expense ratio
- 0.03%
- Price / 1D
- $769.31+0.39%
First Trust Nasdaq Cybersecurity ETFCIBR- Market value
- 1.24B
- Weight
- 8.35%
- AUM
- 15.09B USD
- Expense ratio
- 0.58%
- Price / 1D
- $94.85+1.50%
State Street SPDR S&P 500 ETFSPY- Market value
- 1.17B
- Weight
- 0.14%
- AUM
- 817.87B USD
- Expense ratio
- 0.09%
- Price / 1D
- $765.72+0.41%
Vanguard Morningstar Growth ETFVUG- Market value
- 1.12B
- Weight
- 0.30%
- AUM
- 372B USD
- Expense ratio
- 0.03%
- Price / 1D
- $87.50+0.38%
Vanguard Morningstar Mid-Cap ETFVO- Market value
- 1.09B
- Weight
- 0.48%
- AUM
- 224.7B USD
- Expense ratio
- 0.03%
- Price / 1D
- $82.97+0.53%
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