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Technology

Fortinet, Inc.(FTNT)

Live Price

Offline

$144.14

-1.96% today

1Y Change

+39.01%

Window

Jun 25, 2025 โ†’ Jun 17, 2026

Market Cap
$66.56B
Revenue Growth
+14.2%
EPS Growth
+7.0%
Dividend Yield
0.0%

Coverage: 246 bars ยท Jun 25, 2025 โ†’ Jun 17, 2026

Research Briefing

A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.

Decision context

Research Snapshot

Fortinet, Inc. (FTNT) is a Technology stock with a market cap of $66.56B and listed on NASDAQ. The stock last traded around $144.14 and up 39.0% across the available one-year price window (Jun 25, 2025 โ†’ Jun 17, 2026). Baseline metrics include revenue growth of +14.2%, EPS growth of +7.0%, a dividend yield of 0.0%. What stands out right now is revenue +14.2%, EPS +7.0%, free cash flow +18.4% with operating margin 31.1% and ROIC 33.9%. Valuation already assumes a fairly strong business story at P/E 34.0 and price/sales 9.4. Overall, the current profile looks closer to a quality compounder than a generic broad-market placeholder. Stock Foundry combines FTNT price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Technology peers on this page.

Sector Context

How this name stacks up against nearby peers on first-pass metrics.

Revenue Growth

Above sector median

+14.2% vs +11.9% peer median

Operating Margin

Above sector median

+31.1% vs +22.0% peer median

P/E

Above sector median

34.0 vs 18.5 peer median

What Changed This Quarter

Latest report context and the signals most likely to have changed the story.

Latest report is on the board

2026 was reported on May 6, 2026, but the surprise data is still limited.

The operating story is still moving forward

Revenue is running at +14.2% and EPS at +7.0%, with operating margin around 31.1%.

Earnings Reaction Memory

How the stock has tended to move after recent reports.

Across the last 3 reported quarters, the stock averaged +11.0% over the next 5 trading days and finished higher after 2 of those reports.

View quarter-by-quarter reaction table
QuarterEPS ฮ”1D5D20D
2026
May 6, 2026
โ€”+20.0%+30.8%+66.4%
2026
Feb 5, 2026
+9.0%+4.9%+6.8%+6.0%
2025
Nov 5, 2025
+17.3%-6.3%-4.5%-0.9%

Benchmark Edge

FTNT vs SPY, QQQ, and Sector ETFs

Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.

Shared 1Y chart + MAX history table

FTNT

โ€”

Normalized return

SPY

--

S&P 500

Excess Return

--

Relative to SPY

FTNT Max Drawdown

-30.90%

Trailing 1Y

SPY Max Drawdown

โ€”

Trailing 1Y

Benchmark comparison is loading or unavailable right now.

Calendar-Year Returns

Uses the longest available daily history for FTNT and SPY.

Calendar-year return history is still loading or unavailable.
Fortinet, Inc. logo

Company Overview

Fortinet, Inc.

NASDAQ Global Select

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Leadership
Ken Xie
IPO Date
Nov 18, 2009
Employees
14.6k
Street Address
899 Kifer Road
Mailing
Sunnyvale, CA, 94086
Region
Sunnyvale, CA, US
Reporting Currency
USD
Investor Line
408 235 7700
Last Updated
Apr 29, 2026
CIK: 0001262039ISIN: US34959E1091CUSIP: 34959E109
Reports in USDSEC Registered

Key Fundamentals

Valuation, growth, profitability, and balance sheet signals.

Valuation

P/E
34.0
EV/EBITDA
26.2
Price/Sales
9.4
Price/Book
67.1

Growth

Revenue
+14.2%
EPS
+7.0%
Free Cash Flow
+18.4%

Profitability

Gross Margin
80.7%
Operating Margin
31.1%
Net Margin
27.5%
ROE
155.7%
ROIC
33.9%

Balance Sheet

Debt/Equity
0.50
Current Ratio
1.15

Earnings Reports

๐Ÿ“… Last reportedMay 6, 2026
PeriodB/MEPSEPS ฮ”RevenueRev ฮ”
โ€”
May 6, 26
โ€”
Est 0.62
โ€”
โ€”
Est 1731811.0B
โ€”
โ€”
Feb 5, 26
โœ“
0.81
Est 0.74
+9.0%
1905000.0B
Est 1859668.0B
+2.4%
โ€”
Nov 5, 25
โœ“
0.74
Est 0.63
+17.3%
1724900.0B
Est 1704258.1B
+1.2%
โ€”
Aug 6, 25
โœ“
0.64
Est 0.59
+8.5%
1630000.0B
Est 1625077.1B
+0.3%
โ€”
May 7, 25
โœ“
0.58
Est 0.53
+9.2%
1539700.0B
Est 1538489.5B
+0.1%
โ€”
Feb 6, 25
โœ“
0.74
Est 0.60
+23.3%
1660100.0B
Est 1592625.8B
+4.2%
โ€”
Nov 7, 24
โœ“
0.63
Est 0.52
+21.1%
1508100.0B
Est 1479699.0B
+1.9%
โ€”
Aug 6, 24
โœ“
0.57
Est 0.41
+39.0%
1434300.0B
Est 1404891.1B
+2.1%
โ€”
May 2, 24
โœ“
0.43
Est 0.38
+13.2%
1353300.0B
Est 1338062.9B
+1.1%
โ€”
Feb 6, 24
โœ“
0.51
Est 0.43
+18.6%
1415100.0B
Est 1409130.4B
+0.4%
โ€”
Nov 2, 23
โœ“
0.41
Est 0.36
+13.9%
1334600.0B
Est 1348830.0B
-1.1%
โ€”
Aug 3, 23
โœ“
0.38
Est 0.34
+11.8%
1292800.0B
Est 1304380.0B
-0.9%
โ€”
May 4, 23
โœ“
0.34
Est 0.29
+17.2%
1262300.0B
Est 1200630.0B
+5.1%
โ€”
Feb 7, 23
โœ“
0.44
Est 0.39
+12.8%
1283000.0B
Est 1295295.6B
-0.9%
โ€”
Nov 2, 22
โœ“
0.33
Est 0.27
+22.2%
1149500.0B
Est 1124558.8B
+2.2%
โ€”
Aug 3, 22
โœ“
0.24
Est 0.22
+9.1%
1030100.0B
Est 1026702.5B
+0.3%

Latest News

No news articles available

Official Releases

Company announcements and filings-style updates.

Official
No official releases available

Next Step

Keep the research moving

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