Fortinet, Inc. (FTNT)Technology | Software - Infrastructure | Sunnyvale, United States | NasdaqGS
166.00 USD
-6.78
(-3.924%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 165.78 -0.22 (-0.220%) ⇩ (Aug. 28, 2026, 7:54 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 3:29 a.m. EDT
The long-term rating reflects a business that has compounded value aggressively over the past nine years, delivering a massive cumulative gain while maintaining robust revenue growth and a fortress balance sheet. The company generates substantial free cash flow and maintains a net cash position, which supports the high valuation multiples. However, the short-term outlook faces a technical hurdle as the price trades slightly below the fifty-day moving average, suggesting a brief consolidation phase before the next leg up. Options flow confirms a bullish sentiment among traders, who are betting on continued appreciation despite the elevated implied volatility. For investors seeking exposure to high-quality infrastructure software, the fundamentals remain compelling, though the valuation requires patience. There is no income component to this investment, so returns rely entirely on capital appreciation. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.151603 |
| MSTL | 0.265488 |
| AutoETS | 0.287182 |
| AutoARIMA | 0.289091 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 7.92 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.397 |
| Excess Kurtosis | -0.67 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 36.194 |
| Revenue per Share | 10.138 |
| Market Cap | 121,796,468,736 |
| Trailing P/E | 61.03 |
| Forward P/E | 44.15 |
| Beta | 1.06 |
| Profit Margins | 28.17% |
| Website | https://www.fortinet.com |
As of Aug. 22, 2026, 3:29 a.m. EDT: Speculators are positioning for upside with call open interest dominating at strikes above the current price (165, 175, 190, 210). Put open interest is concentrated near the money (150-165), creating a support floor. Implied volatility is elevated across the board, indicating heightened expectations for movement. Unusual volume flow appears in deep out-of-the-money calls, suggesting a bullish tailwind.
| Attribute | Value |
|---|---|
| 52 Week Change | 1.2459378 |
| Address1 | 909 Kifer Road |
| All Time High | 173.89 |
| All Time Low | 1.472 |
| Ask | 173.61 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Daily Volume10 Day | 4,055,120 |
| Average Daily Volume3 Month | 5,691,883 |
| Average Volume | 5,691,883 |
| Average Volume10Days | 4,055,120 |
| Beta | 1.058 |
| Bid | 156.68 |
| Bid Size | 1 |
| Board Risk | 7 |
| Book Value | 2.114 |
| City | Sunnyvale |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 8 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 166.0 |
| Current Ratio | 1.282 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 172.8 |
| Day Low | 162.68 |
| Debt To Equity | 36.194 |
| Display Name | Fortinet |
| Earnings Call Timestamp End | 1,785,355,200 |
| Earnings Call Timestamp Start | 1,785,355,200 |
| Earnings Growth | 0.439 |
| Earnings Quarterly Growth | 0.378 |
| Earnings Timestamp | 1,785,355,200 |
| Earnings Timestamp End | 1,793,822,400 |
| Earnings Timestamp Start | 1,793,822,400 |
| Ebitda | 2,595,800,064 |
| Ebitda Margins | 0.34485 |
| Enterprise To Ebitda | 45.569 |
| Enterprise To Revenue | 15.714 |
| Enterprise Value | 118,288,269,312 |
| Eps Current Year | 3.45061 |
| Eps Forward | 3.75956 |
| Eps Trailing Twelve Months | 2.72 |
| 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 | 157.0072 |
| Fifty Day Average Change | 8.992798 |
| Fifty Day Average Change Percent | 0.05727634 |
| Fifty Two Week Change Percent | 124.59378 |
| Fifty Two Week High | 173.89 |
| Fifty Two Week High Change | -7.8899994 |
| Fifty Two Week High Change Percent | -0.045373507 |
| Fifty Two Week Low | 73.55 |
| Fifty Two Week Low Change | 92.45 |
| Fifty Two Week Low Change Percent | 1.2569679 |
| Fifty Two Week Range | 73.55 - 173.89 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,258,554,600,000 |
| Float Shares | 618,902,141 |
| Forward Eps | 3.75956 |
| Forward P E | 44.154102 |
| Free Cashflow | 2,265,587,456 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 15,472 |
| Fullday Change | -6.78 |
| Fullday Change Percent | -3.92406 |
| Fullday Price | 165.78 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.80204004 |
| Gross Profits | 6,037,300,224 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.17361 |
| Held Percent Institutions | 0.71677 |
| Implied Shares Outstanding | 733,713,653 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Is Earnings Date Estimate | 1 |
| 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 | 121,796,468,736 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_2689126 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 2,120,700,032 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 126,771,044,965 |
| Number Of Analyst Opinions | 37 |
| Open | 172.58 |
| Operating Cashflow | 3,396,100,096 |
| Operating Margins | 0.33595002 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Peg Ratio | 2.11 |
| Phone | 408 235 7700 |
| Post Market Change | -0.22000122 |
| Post Market Change Percent | -0.13253085 |
| Post Market Price | 165.78 |
| Post Market Time | 1,787,961,294 |
| Previous Close | 172.78 |
| Price Eps Current Year | 48.107437 |
| Price Hint | 2 |
| Price To Book | 78.524124 |
| Price To Sales Trailing12 Months | 16.180416 |
| Profit Margins | 0.28173 |
| Quick Ratio | 1.141 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -6.78 |
| Regular Market Change Percent | -3.92406 |
| Regular Market Day High | 172.8 |
| Regular Market Day Low | 162.68 |
| Regular Market Day Range | 162.68 - 172.8 |
| Regular Market Open | 172.58 |
| Regular Market Previous Close | 172.78 |
| Regular Market Price | 166.0 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 5,077,849 |
| Return On Assets | 0.14166 |
| Return On Equity | 1.17442 |
| Revenue Growth | 0.256 |
| Revenue Per Share | 10.138 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 733,713,653 |
| Shares Percent Shares Out | 0.0194 |
| Shares Short | 14,198,087 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 14,492,724 |
| Short Name | Fortinet, Inc. |
| Short Percent Of Float | 0.0234 |
| Short Ratio | 2.65 |
| Source Interval | 15 |
| State | CA |
| Symbol | FTNT |
| Target High Price | 220.0 |
| Target Low Price | 86.0 |
| Target Mean Price | 160.86485 |
| Target Median Price | 165.0 |
| Total Cash | 4,069,600,000 |
| Total Cash Per Share | 5.547 |
| Total Debt | 561,400,000 |
| Total Revenue | 7,527,399,936 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.72 |
| Trailing P E | 61.02941 |
| Trailing Peg Ratio | 2.3717 |
| Triggerable | 1 |
| Two Hundred Day Average | 107.6923 |
| Two Hundred Day Average Change | 58.3077 |
| Two Hundred Day Average Change Percent | 0.5414287 |
| Type Disp | Equity |
| Volume | 5,077,849 |
| Website | https://www.fortinet.com |
| Zip | 94,086 |