Fortinet, Inc. (FTNT)Technology | Software - Infrastructure | Sunnyvale, United States | NasdaqGS
174.50 USD
-7.42
(-4.076%) ⇩
(Oct. 16, 2026, 10:11 a.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 2:10 a.m. EDT
Fortinet demonstrates exceptional operational quality with a 117% return on equity and robust 25.6% revenue growth, supported by a fortress balance sheet holding net cash. However, the valuation is aggressive with a trailing P/E of nearly 69x, and analyst consensus targets suggest a potential pullback. Momentum remains strong as the stock trades near its 52-week high, backed by bullish options flow targeting higher strikes, though significant put volume indicates hedging against volatility. The available data does not include a multi-year price trajectory to confirm the market's long-term reassessment of the business, so the long-term rating relies primarily on the strength of current fundamentals. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.042651 |
| AutoARIMA | 0.052096 |
| AutoETS | 0.052230 |
| MSTL | 0.052295 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 47% |
| H-stat | 0.87 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.434 |
| Excess Kurtosis | -0.94 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 36.194 |
| Revenue per Share | 10.138 |
| Market Cap | 128,029,360,128 |
| Trailing P/E | 63.92 |
| Forward P/E | 46.19 |
| Beta | 1.04 |
| Profit Margins | 28.17% |
| Website | https://www.fortinet.com |
As of Oct. 10, 2026, 2:10 a.m. EDT: Speculators are positioning for continued upside with significant call volume at strikes above current price (202.5, 225.0, 250.0), while maintaining substantial put protection at lower strikes (160-185). Implied volatility is elevated, reflecting expectations for a volatile move in either direction.
| Attribute | Value |
|---|---|
| 52 Week Change | 1.1801295 |
| Address1 | 909 Kifer Road |
| All Time High | 197.13 |
| All Time Low | 1.472 |
| Ask | 182.06 |
| Ask Size | 1 |
| Audit Risk | 1 |
| Average Analyst Rating | 2.8 - Hold |
| Average Daily Volume10 Day | 3,400,890 |
| Average Daily Volume3 Month | 4,502,443 |
| Average Volume | 4,502,443 |
| Average Volume10Days | 3,400,890 |
| Beta | 1.037 |
| Bid | 166.53 |
| 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 | 174.495 |
| Current Ratio | 1.282 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 182.9383 |
| Day Low | 172.1106 |
| Debt To Equity | 36.194 |
| Display Name | Fortinet |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,793,217,600 |
| Earnings Call Timestamp Start | 1,793,217,600 |
| Earnings Growth | 0.439 |
| Earnings Quarterly Growth | 0.378 |
| Earnings Timestamp | 1,793,217,600 |
| Earnings Timestamp End | 1,793,217,600 |
| Earnings Timestamp Start | 1,793,217,600 |
| Ebitda | 2,595,800,064 |
| Ebitda Margins | 0.34485 |
| Enterprise To Ebitda | 50.066 |
| Enterprise To Revenue | 17.265 |
| Enterprise Value | 129,961,648,128 |
| Eps Current Year | 3.45154 |
| Eps Forward | 3.77746 |
| Eps Trailing Twelve Months | 2.73 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 408 235 7737 |
| Fifty Day Average | 169.2142 |
| Fifty Day Average Change | 5.280792 |
| Fifty Day Average Change Percent | 0.031207737 |
| Fifty Two Week Change Percent | 118.012955 |
| Fifty Two Week High | 197.13 |
| Fifty Two Week High Change | -22.63501 |
| Fifty Two Week High Change Percent | -0.11482275 |
| Fifty Two Week Low | 73.55 |
| Fifty Two Week Low Change | 100.94499 |
| Fifty Two Week Low Change Percent | 1.3724675 |
| Fifty Two Week Range | 73.55 - 197.13 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,258,554,600,000 |
| Float Shares | 618,909,478 |
| Forward Eps | 3.77746 |
| Forward P E | 46.193737 |
| Free Cashflow | 2,265,587,456 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 15,472 |
| Fullday Change | -7.4150085 |
| Fullday Change Percent | -4.076196 |
| Fullday Price | 174.495 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.80204004 |
| Gross Profits | 6,037,300,224 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.17362 |
| Held Percent Institutions | 0.71467 |
| Implied Shares Outstanding | 733,713,653 |
| 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 | 128,029,360,128 |
| Market State | REGULAR |
| 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 | 127,856,941,171 |
| Number Of Analyst Opinions | 37 |
| Open | 182.35 |
| Operating Cashflow | 3,396,100,096 |
| Operating Margins | 0.33595002 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Peg Ratio | 2.03 |
| Phone | 408 235 7700 |
| Previous Close | 181.91 |
| Price Eps Current Year | 50.55569 |
| Price Hint | 2 |
| Price To Book | 82.542564 |
| Price To Sales Trailing12 Months | 17.008444 |
| Profit Margins | 0.28173 |
| Quick Ratio | 1.141 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.79545 |
| Region | US |
| Regular Market Change | -7.4150085 |
| Regular Market Change Percent | -4.076196 |
| Regular Market Day High | 182.9383 |
| Regular Market Day Low | 172.1106 |
| Regular Market Day Range | 172.1106 - 182.9383 |
| Regular Market Open | 182.35 |
| Regular Market Previous Close | 181.91 |
| Regular Market Price | 174.495 |
| Regular Market Time | 1,792,159,911 |
| Regular Market Volume | 689,183 |
| Return On Assets | 0.14166 |
| Return On Equity | 1.17442 |
| Revenue Growth | 0.256 |
| Revenue Per Share | 10.138 |
| Sand P52 Week Change | 0.16207206 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 733,713,653 |
| Shares Percent Shares Out | 0.017 |
| Shares Short | 12,503,836 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 13,556,993 |
| Short Name | Fortinet, Inc. |
| Short Percent Of Float | 0.020599999 |
| Short Ratio | 2.94 |
| Source Interval | 15 |
| State | CA |
| Symbol | FTNT |
| Target High Price | 225.0 |
| Target Low Price | 104.0 |
| Target Mean Price | 167.22974 |
| 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 | 2.73 |
| Trailing P E | 63.91758 |
| Trailing Peg Ratio | 1.9161 |
| Triggerable | 1 |
| Two Hundred Day Average | 123.42665 |
| Two Hundred Day Average Change | 51.068344 |
| Two Hundred Day Average Change Percent | 0.41375458 |
| Type Disp | Equity |
| Volume | 689,183 |
| Website | https://www.fortinet.com |
| Zip | 94,086 |