Latest market price
179.99
+7.01+4.05%
FTNTQT73Fortinet, Inc.·NASDAQ
179.99+4.05%
Earnings
Up 4.1% — Earnings due 2026-10-28 — pre-report positioning.
Medium confidence
TA
Loading chart...
Screen all →
Snapshot
IndexS&P 500, NDXP/E63.38EPS (ttm)2.84Insider Own10.86%Shs Outstand733.71MPerf Week6.42%
Market Cap132.06BForward P/E47.65EPS next Y3.78Insider Trans-0.68%Shs Float618.91MPerf Month0.74%
Enterprise Value128.49BPEG28.42EPS next Q-Inst Own87.35%Short Float2.02%Perf Quarter18.12%
Income2.12BP/S17.54EPS this Y28.18%Inst Trans0.00%Short Ratio2.65Perf Half Y113.41%
Sales7.53BP/B85.15EPS next Y9.38%ROA19.53%Short Interest12.50MPerf YTD126.66%
Book/sh2.11P/C32.45EPS next 5Y2.23%ROE187.95%52W High197.12 -8.69%Perf Year112.60%
Cash/sh5.55P/FCF42.37EPS past 3/5Y31.86% 33.18%ROIC32.78%52W Low73.55 144.72%Perf 3Y212.10%
Dividend Est.-EV/EBITDA45.89Sales past 3/5Y15.47% 21.26%Gross Margin80.38%Volatility4.00% 3.38%Perf 5Y185.43%
Dividend TTM-EV/Sales17.07EPS Y/Y TTM25.66%Oper. Margin32.43%ATR (14)6.90Perf 10Y2784.46%
Dividend Ex-Date-Quick Ratio1.19Sales Y/Y TTM26.39%Profit Margin28.17%RSI (14)53.13Recom2.67
Dividend Gr. 3/5Y-Current Ratio1.28EPS Q/Q40.63%SMA20-0.76%Beta0.98Target Price163.64
Payout0.00%Debt/Eq0.81Sales Q/Q25.64%SMA505.54%Rel Volume0.71Prev Close172.98
Employees15,472LT Debt/Eq0.40EarningsOct 28SMA20042.57%Avg Volume4.47MPrice179.99
IPO DateNov 18, 2009Option/ShortYes / YesEPS/Sales Surpr.20.58% 8.44%Net Debt/EBITDA-0.87Volume3,159,393Change4.05%
Analyst Ratings
DateActionAnalystRatingTarget
Oct-21-26ReiteratedArete Research$104 → $117
Oct-20-26ReiteratedTruist SecuritiesBuy$183 → $200
Oct-15-26ReiteratedUBSNeutral$180 → $200
Oct-15-26ReiteratedMizuhoUnderperform$125 → $160
Oct-12-26ReiteratedBarclaysEqual Weight$190 → $210
Oct-12-26ReiteratedRBC CapitalSector Perform$185 → $205
Sep-17-26ReiteratedBernsteinMarket Perform$83 → $145
Sep-10-26ReiteratedWedbushOutperform$155
Jul-31-26ReiteratedSusquehannaNeutral$115 → $160
Jul-30-26ReiteratedRobert W. Baird$140 → $165
Latest News· Times ET
Oct-23-26
Oct-21-26
Oct-20-26
Oct-19-26
Oct-17-26
Company

Fortinet, 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.

Ownership
Total institutional ownership87.35%

Per-holder 13F data hasn't been ingested for this ticker yet.

Financial Statements
DataTimeframe
Line Item (USD, M)
TTM
—
FY 2025
12/31/2025
FY 2024
12/31/2024
FY 2023
12/31/2023
FY 2022
12/31/2022
FY 2021
12/31/2021
FY 2020
12/31/2020
FY 2019
12/31/2019
FY 2018
12/31/2018
Total Revenue7,5286,8005,956——————
Cost of Goods Sold Incl. D&A1,4781,3031,158——————
Gross Profit6,0505,4974,798——————
Selling, General and Administrative Excl. Other2,7552,5812,283——————
Research and Development846816717——————
Other Operating Expense1219-5——————
Operating Income2,4412,0821,803——————
Interest Expense172020——————
Unusual Expense
—————————
Non-Operating Income (Expense)200231246——————
Net Income Before Taxes2,6232,2922,029——————
Income Taxes503439284——————
Consolidated Net Income2,1211,8531,745——————
Net Income From Continuing Operations2,1201,8531,745——————
Net Income2,1211,8531,745——————
EPS (Recurring)2.862.442.28——————
EPS (Basic, Before Extraordinaries)2.862.442.28——————
EPS (Diluted)2.842.432.26——————
EBITDA2,8002,4652,201——————
Other After Tax Adjustments
—————————
Stock Option Compensation Expense
—————————
Price To Earnings Ratio63.3832.6841.81——————
Price To Sales Ratio17.608.6812.12——————
Gross Margin80.3780.8480.56——————
Operating Margin32.4330.6230.27——————
Net Margin28.1727.2529.30——————
Shares Outstanding736743764——————
Market Capitalization132,47359,00272,183——————
Operating Lease Expense
—————————
Unlock full historical data
See years of past statements with Premium.
Unlock with Premium
Insider Trading Volume
$212.68$173.83$134.99$96.15$57.30● Close Price0.00M10.57M21.14M31.71M42.28MUSD Trades VolumeOctNovDec2026FebMarAprMayJunJulAugSepOct
Insider Trading
InsiderRelationshipDateTransactionCost#SharesValue ($)#Shares TotalSEC Form 4
STAVRIDIS JAMES G.DirectorSep 30 '26Option Exercise0.00459017,648Oct 01
Hu Jean X.DirectorSep 30 '26Option Exercise0.00459039,508Oct 01
Hsieh MingDirectorSep 30 '26Option Exercise0.00459010,056Oct 01
Sim JudithDirectorSep 30 '26Option Exercise0.004590130,001Oct 01
GOLDMAN KENNETH ADirectorSep 30 '26Option Exercise0.00459023,928Oct 01
Kan Derek T.DirectorSep 30 '26Option Exercise0.004590459Oct 01
Napolitano JanetDirectorSep 30 '26Option Exercise0.0045904,733Oct 01
Ohlgart ChristianeChief Financial OfficerSep 24 '26Sale180.00488,64010,345Sep 25
Whittle JohnCHIEF OPERATING OFFICERSep 15 '26Sale168.742,835478,37896,987Sep 16
Whittle JohnCHIEF OPERATING OFFICERSep 15 '26Option Exercise62.112,835176,08299,822Sep 16
Whittle JohnCHIEF OPERATING OFFICERSep 14 '26Sale165.4453,8658,911,43096,987Sep 16
Whittle JohnCHIEF OPERATING OFFICERSep 14 '26Option Exercise62.1153,8653,345,555150,852Sep 16
Ohlgart ChristianeChief Financial OfficerAug 04 '26Sale164.5938763,69610,393Aug 04
Xie KenPRESIDENT & CEOAug 03 '26Option Exercise22.90155,0003,549,50053,133,854Aug 04
Xie MichaelVP, ENGINEERING & CTOAug 03 '26Sale162.633,121507,5749,918,360Aug 04
QuoTrend signals describe historical patterns and statistics — educational information, not investment advice or a recommendation to buy or sell. Past performance doesn’t guarantee future results. Every figure traces to QuoTrend data. Historical patterns — not a prediction or advice.