Fortinet, Inc. (FTNT)Technology | Software - Infrastructure | Sunnyvale, United States | NasdaqGS
166.83 USD
+6.21
(3.866%)
⇧
(July 14, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 6:21 a.m. EDT
Fortinet presents a compelling dichotomy between exceptional business fundamentals and a skeptical market valuation. The company is delivering robust growth with revenue expanding over 20 percent annually and earnings surging nearly 29 percent, all backed by a fortress balance sheet and industry-leading return on equity. The price trajectory confirms this quality, having recovered strongly from a 2024 decline to post a massive gain in 2025, with no signs of a multi-year structural deterioration. Despite this operational excellence, the stock trades at a premium valuation that has caused analyst consensus targets to trail the current price significantly, creating a tension between the intrinsic value of the business and the market's risk appetite. While the technicals and options flow suggest momentum is building, the lack of a dividend and the wide gap between price and analyst expectations warrant caution for short-term traders, even as the long-term investment case remains strong. |
| Model | MAE |
|---|---|
| MSTL_74_115 ✓ | 0.414944 |
| MSTL_74 | 0.422577 |
| AutoTheta | 0.435964 |
| MSTL_115 | 0.441459 |
| AutoETS | 0.442772 |
| AutoARIMA | 0.442772 |
| MSTL | 0.447149 |
Forecast horizon: 60 days | Selected: MSTL_74_115
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 12.89 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.032 |
| Excess Kurtosis | -1.07 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 57.31 |
| Revenue per Share | 9.471 |
| Market Cap | 122,227,728,384 |
| Trailing P/E | 64.41 |
| Forward P/E | 48.70 |
| Beta | 1.09 |
| Profit Margins | 27.49% |
| Website | https://www.fortinet.com |
As of July 11, 2026, 6:21 a.m. EDT: Speculators are positioning for continued upside with heavy call volume targeting 165 to 170 strikes, indicating a bullish bias for the near term. However, significant put volume and implied volatility spikes at lower strikes (145 to 155) suggest investors are actively hedging downside risk or protecting against a potential sharp correction.
| Attribute | Value |
|---|---|
| 52 Week Change | 0.5307348 |
| Address1 | 909 Kifer Road |
| All Time High | 167.27 |
| All Time Low | 1.472 |
| Ask | 173.31 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Analyst Rating | 2.8 - Hold |
| Average Daily Volume10 Day | 5,068,830 |
| Average Daily Volume3 Month | 6,227,327 |
| Average Volume | 6,227,327 |
| Average Volume10Days | 5,068,830 |
| Beta | 1.09 |
| Bid | 156.34 |
| Bid Size | 1 |
| Board Risk | 7 |
| Book Value | 1.348 |
| City | Sunnyvale |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 8 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 166.83 |
| Current Ratio | 1.153 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 167.27 |
| Day Low | 158.06 |
| Debt To Equity | 57.31 |
| Display Name | Fortinet |
| Earnings Call Timestamp End | 1,785,355,200 |
| Earnings Call Timestamp Start | 1,785,355,200 |
| Earnings Growth | 0.286 |
| Earnings Quarterly Growth | 0.233 |
| Earnings Timestamp | 1,785,355,200 |
| Earnings Timestamp End | 1,785,355,200 |
| Earnings Timestamp Start | 1,785,355,200 |
| Ebitda | 2,361,400,064 |
| Ebitda Margins | 0.33215 |
| Enterprise To Ebitda | 50.606 |
| Enterprise To Revenue | 16.809 |
| Enterprise Value | 119,500,029,952 |
| Eps Current Year | 3.15804 |
| Eps Forward | 3.42591 |
| Eps Trailing Twelve Months | 2.59 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 408 235 7737 |
| Fifty Day Average | 135.7634 |
| Fifty Day Average Change | 31.066605 |
| Fifty Day Average Change Percent | 0.22882901 |
| Fifty Two Week Change Percent | 53.07348 |
| Fifty Two Week High | 167.27 |
| Fifty Two Week High Change | -0.44000244 |
| Fifty Two Week High Change Percent | -0.0026304922 |
| Fifty Two Week Low | 70.12 |
| Fifty Two Week Low Change | 96.71 |
| Fifty Two Week Low Change Percent | 1.379207 |
| Fifty Two Week Range | 70.12 - 167.27 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,258,554,600,000 |
| Float Shares | 617,651,900 |
| Forward Eps | 3.42591 |
| Forward P E | 48.696552 |
| Free Cashflow | 1,813,049,984 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 15,311 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.80304 |
| Gross Profits | 5,709,199,872 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.17386 |
| Held Percent Institutions | 0.72247005 |
| Implied Shares Outstanding | 732,648,391 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,655,942,400 |
| Last Split Factor | 5:1 |
| Long Business Summary | 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. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. |
| Long Name | Fortinet, Inc. |
| Market | us_market |
| Market Cap | 122,227,728,384 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_2689126 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 1,954,499,968 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 117,677,984,562 |
| Number Of Analyst Opinions | 37 |
| Open | 158.06 |
| Operating Cashflow | 2,804,400,128 |
| Operating Margins | 0.31282 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Peg Ratio | 3.55 |
| Phone | 408 235 7700 |
| Pre Market Change | 1.550003 |
| Pre Market Change Percent | 0.92909133 |
| Pre Market Price | 168.38 |
| Pre Market Time | 1,784,112,475 |
| Previous Close | 160.62 |
| Price Eps Current Year | 52.82707 |
| Price Hint | 2 |
| Price To Book | 123.76112 |
| Price To Sales Trailing12 Months | 17.19217 |
| Profit Margins | 0.27491 |
| Quick Ratio | 1.034 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.75 |
| Region | US |
| Regular Market Change | 6.21001 |
| Regular Market Change Percent | 3.86627 |
| Regular Market Day High | 167.27 |
| Regular Market Day Low | 158.06 |
| Regular Market Day Range | 158.06 - 167.27 |
| Regular Market Open | 158.06 |
| Regular Market Previous Close | 160.62 |
| Regular Market Price | 166.83 |
| Regular Market Time | 1,784,059,201 |
| Regular Market Volume | 4,685,098 |
| Return On Assets | 0.13586001 |
| Return On Equity | 1.32392 |
| Revenue Growth | 0.201 |
| Revenue Per Share | 9.471 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 732,648,391 |
| Shares Percent Shares Out | 0.020599999 |
| Shares Short | 15,056,605 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 16,866,836 |
| Short Name | Fortinet, Inc. |
| Short Percent Of Float | 0.0249 |
| Short Ratio | 2.12 |
| Source Interval | 15 |
| State | CA |
| Symbol | FTNT |
| Target High Price | 215.0 |
| Target Low Price | 70.0 |
| Target Mean Price | 116.75676 |
| Target Median Price | 110.0 |
| Total Cash | 3,294,899,968 |
| Total Cash Per Share | 4.497 |
| Total Debt | 567,200,000 |
| Total Revenue | 7,109,499,904 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.59 |
| Trailing P E | 64.41313 |
| Trailing Peg Ratio | 3.6237 |
| Triggerable | 1 |
| Two Hundred Day Average | 95.47095 |
| Two Hundred Day Average Change | 71.359055 |
| Two Hundred Day Average Change Percent | 0.7474426 |
| Type Disp | Equity |
| Volume | 4,685,098 |
| Website | https://www.fortinet.com |
| Zip | 94,086 |