Fortinet Inc FTNT
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Fortinet Inc is a large-cap company in the Technology sector (Software - Infrastructure), with a market value of $132.8B, based in the USA.
It employs about 15,472 people and has been listed since Nov 18, 2009.
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 OT Security, which protect the engineered systems that underpin infrastructure and supply chains.
Cheap or expensive? relatively cheap
Its price-to-earnings (P/E) is 63.3 versus 5004.7 for 4 direct peers — relatively cheap.
Revenue is growing 26% versus the same quarter last year.
On analysts' next-year forecasts the multiple drops to 45.0 — they expect higher earnings.
The average analyst price target is 164.32, 9% below the current price (their view, not ours).
The stock sits at 98% of its one-year range (0% = the low, 100% = the high).
The risks
- No risk flags were detected from the data we have.
Strengths
- ✅ Profitable — 30 of every 100 dollars of revenue stays as profit.
- ✅ Generates free cash flow — profit becomes cash in the bank.
- ✅ Buys back its shares (4% fewer shares in a year).
- ✅ More cash than debt.
- ✅ Revenue is growing 26% a year.
What changed this week
Over the past week the stock rose 4.3% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
It set a new one-year high this week.
This week's news
- Why Fortinet (FTNT) Outpaced the Stock Market Today finance.yahoo.com · 2026-10-02
- Fortinet to Announce Third Quarter 2026 Financial Results finance.yahoo.com · 2026-10-02
- Stock Market Today: S&P Climbs To Start October, Micron Gains; Barbie Maker Soars On Deal News finance.yahoo.com · 2026-10-01
- Top 3 Cybersecurity Stocks To Watch In October 2026 finance.yahoo.com · 2026-10-01
- PANW Stock Rises 21% in a Month: Should You Hold or Book Profits? finance.yahoo.com · 2026-10-01
- Fortinet Launches P.A.U.S.E., a Free National Campaign Helping Canadians Stop and Think Before AI-Driven Scams Succeed finance.yahoo.com · 2026-10-01
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.