Market Cap: 109.846B; Large Cap
P/E Ratio: 58.11; Fwd: 50.76
EPS (TTM): $2.58
Div. Yield: N/A

FT

FTNTNASDAQ— Fortinet Inc Price & Analysis

Fortinet Inc

TECHNOLOGY — SOFTWARE - INFRASTRUCTURE

$151.35

+$1.42+0.95%

Market Cap: 109.846B; Large Cap
P/E Ratio: 58.11; Fwd: 50.76
EPS (TTM): $2.58
Div. Yield: N/A

Technical Summary

RSI (14)67.60Neutral

SMA (50)$120.96Bullish

SMA (200)$91.63Bullish

MACD7.1827Bearish

Bollinger$138.22 – $152.96Mid

Stochastic84.62Overbought

Theo Outlook

Fortinet (FTNT) presents a bullish thesis with a market capitalization of $110.9 billion, a trailing P/E of 58.89, forward P/E of 51.28, TTM EPS of $2.57, and strong quarterly revenue growth of 20.1% year-over-year alongside 28.6% EPS growth. The cybersecurity leader trades at a premium justified by its 27.5% profit margin and $7.11 billion in TTM revenue, positioning it for continued expansion in a high-demand sector. Key catalysts include robust earnings momentum from its core firewall and endpoint security products, ongoing market expansion in enterprise and cloud security, and analyst consensus with a $113.78 target price supported by 10 strong buy ratings. Recent quarterly results demonstrate sustained demand for Fortinet's integrated security platform amid rising cyber threats. Risks encompass intense competition from larger players like Palo Alto Networks and Cisco, potential regulatory scrutiny in data privacy and export controls, and macroeconomic headwinds from IT spending slowdowns; these are mitigated by Fortinet's 1.11 beta indicating moderate volatility, diversified revenue streams, and proven ability to deliver 20%+ growth through product innovation and global scaling. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Theo Outlook

Fortinet (FTNT) presents a bullish thesis with a market capitalization of $110.9 billion, a trailing P/E of 58.89, forward P/E of 51.28, TTM EPS of $2.57, and strong quarterly revenue growth of 20.1% year-over-year alongside 28.6% EPS growth. The cybersecurity leader trades at a premium justified by its 27.5% profit margin and $7.11 billion in TTM revenue, positioning it for continued expansion in a high-demand sector. Key catalysts include robust earnings momentum from its core firewall and endpoint security products, ongoing market expansion in enterprise and cloud security, and analyst consensus with a $113.78 target price supported by 10 strong buy ratings. Recent quarterly results demonstrate sustained demand for Fortinet's integrated security platform amid rising cyber threats. Risks encompass intense competition from larger players like Palo Alto Networks and Cisco, potential regulatory scrutiny in data privacy and export controls, and macroeconomic headwinds from IT spending slowdowns; these are mitigated by Fortinet's 1.11 beta indicating moderate volatility, diversified revenue streams, and proven ability to deliver 20%+ growth through product innovation and global scaling. Analysis generated by HeyTheo AI based on SEC filings, earnings transcripts, and market data.

Company Overview

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Fundamental Snapshot

Revenue: 7.1095B
EBITDA: 2.3614B
Gross Profit: 5.7092B
Operating Margin: 31.3%
Profit Margin: 27.5%
ROE: 132.4%
Book Value: $1.348
Beta: 1.109
52-Wk High: $151.97
52-Wk Low: $70.12
Avg Volume: 9.0383M
PEG Ratio: 3.382

Frequently Asked Questions

What is Fortinet's business model?

Fortinet develops and sells integrated cybersecurity solutions including firewalls, anti-virus, intrusion prevention, and endpoint security. It generates revenue primarily through product sales, subscriptions, and services with TTM revenue of $7.11 billion and a 27.5% profit margin.

What are Fortinet's main revenue sources?

Revenue comes from hardware firewalls, software subscriptions, and security services. TTM revenue reached $7.11 billion with 20.1% year-over-year quarterly growth, driven by enterprise demand for its Security Fabric platform.

What competitive advantages does Fortinet have?

Trading Data

Open: $150.81
Previous Close: $149.93
Day Range: $147.55 – $152.77
Volume: 9.1688M
Shares Outstanding: 732.648M
Analyst Target: $113.78

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Company Overview

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Fundamental Snapshot

Revenue: 7.1095B
EBITDA: 2.3614B
Gross Profit: 5.7092B
Operating Margin: 31.3%
Profit Margin: 27.5%
ROE: 132.4%
Book Value: $1.348
Beta: 1.109
52-Wk High: $151.97
52-Wk Low: $70.12
Avg Volume: 9.0383M
PEG Ratio: 3.382

Frequently Asked Questions

What is Fortinet's business model?

Fortinet develops and sells integrated cybersecurity solutions including firewalls, anti-virus, intrusion prevention, and endpoint security. It generates revenue primarily through product sales, subscriptions, and services with TTM revenue of $7.11 billion and a 27.5% profit margin.

What are Fortinet's main revenue sources?

Revenue comes from hardware firewalls, software subscriptions, and security services. TTM revenue reached $7.11 billion with 20.1% year-over-year quarterly growth, driven by enterprise demand for its Security Fabric platform.

What competitive advantages does Fortinet have?

Fortinet's advantages include its ASIC-powered high-performance firewalls, broad product integration, and global scale with $110.9 billion market cap. It maintains a 58.89 trailing P/E supported by 28.6% EPS growth and strong analyst ratings.

What are the key risks for FTNT investors?

Key risks include competition from Palo Alto and Cisco, regulatory issues in cybersecurity exports, and macro IT spending cuts. The stock's 1.11 beta and $70.12 52-week low highlight volatility, though mitigated by diversified offerings and 20%+ growth.

What is Fortinet's growth outlook?

Fortinet shows strong growth with 20.1% revenue and 28.6% EPS increases, a $113.78 analyst target, and forward P/E of 51.28. Next earnings are expected around the September 2026 quarter following the March 31, 2026 report, with no dividend yield.

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