Fortinet, Inc. (FTNT)Technology | Software - Infrastructure | Sunnyvale, United States | NasdaqGS
85.26 USD
+2.66
(3.220%)
⇧
(April 21, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | April 18, 2026, 10:50 p.m. EDT
Fortinet is a classic value trap and a poor short-term play due to negative earnings growth (-1.1% and -3.8% quarterly), weakening analyst sentiment (downgraded to Hold on margin pressure), and a weak technical setup below its 50-day average despite recent price spikes. While it holds a solid competitive moat in security software, the financial metrics are currently broken, and the options flow confirms active betting on a decline. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.025223 |
| AutoARIMA | 0.025234 |
| AutoETS | 0.025249 |
| AutoTheta | 0.034198 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 79% |
| H-stat | 0.28 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.402 |
| Excess Kurtosis | 0.26 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 85.802 |
| Revenue per Share | 8.97 |
| Market Cap | 63,403,442,176 |
| Trailing P/E | 35.23 |
| Forward P/E | 25.76 |
| Beta | 1.00 |
| Profit Margins | 27.26% |
| Website | https://www.fortinet.com |
As of April 18, 2026, 10:50 p.m. EDT: Speculators are heavily positioning for downside protection in the near term, evidenced by massive option volume and Open Interest (OI) in April and early May puts out of the money (OTM), particularly at strikes $73, $76, and $79. In contrast, call volume is elevated but more concentrated on established resistance levels ($85-$90) with lower relative volume in OTM strikes compared to the puts. The short-term implied volatility skew for out-of-the-money puts suggests a bearish sentiment, while the April 17 data shows a significant imbalance where call volume is limited to near-the-money, failing to outweigh the heavy put positioning.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.12103093 |
| Address1 | 909 Kifer Road |
| All Time High | 114.82 |
| All Time Low | 1.472 |
| Ask | 85.38 |
| Ask Size | 12 |
| Audit Risk | 1 |
| Average Analyst Rating | 2.8 - Hold |
| Average Daily Volume10 Day | 6,341,150 |
| Average Daily Volume3 Month | 6,702,304 |
| Average Volume | 6,702,304 |
| Average Volume10Days | 6,341,150 |
| Beta | 0.998 |
| Bid | 85.15 |
| Bid Size | 12 |
| Board Risk | 7 |
| Book Value | 1.666 |
| City | Sunnyvale |
| Compensation As Of Epoch Date | 1,735,603,200 |
| Compensation Risk | 7 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 85.26 |
| Current Ratio | 1.172 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 85.68 |
| Day Low | 82.1 |
| Debt To Equity | 85.802 |
| Display Name | Fortinet |
| Earnings Call Timestamp End | 1,778,099,400 |
| Earnings Call Timestamp Start | 1,778,099,400 |
| Earnings Growth | -0.011 |
| Earnings Quarterly Growth | -0.038 |
| Earnings Timestamp | 1,778,097,600 |
| Earnings Timestamp End | 1,778,097,600 |
| Earnings Timestamp Start | 1,778,097,600 |
| Ebitda | 2,226,299,904 |
| Ebitda Margins | 0.32742 |
| Enterprise To Ebitda | 27.204 |
| Enterprise To Revenue | 8.907 |
| Enterprise Value | 60,565,184,512 |
| Eps Current Year | 2.9795 |
| Eps Forward | 3.30966 |
| Eps Trailing Twelve Months | 2.42 |
| 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 | 81.727 |
| Fifty Day Average Change | 3.5330048 |
| Fifty Day Average Change Percent | 0.04322935 |
| Fifty Two Week Change Percent | -12.103092 |
| Fifty Two Week High | 109.33 |
| Fifty Two Week High Change | -24.07 |
| Fifty Two Week High Change Percent | -0.22015914 |
| Fifty Two Week Low | 70.12 |
| Fifty Two Week Low Change | 15.139999 |
| Fifty Two Week Low Change Percent | 0.21591556 |
| Fifty Two Week Range | 70.12 - 109.33 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,258,554,600,000 |
| Float Shares | 622,357,125 |
| Forward Eps | 3.30966 |
| Forward P E | 25.760956 |
| Free Cashflow | 1,746,974,976 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 15,109 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.80456 |
| Gross Profits | 5,470,700,032 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.17434 |
| Held Percent Institutions | 0.71758 |
| Implied Shares Outstanding | 743,648,102 |
| 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 | 63,403,442,176 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_2689126 |
| Most Recent Quarter | 1,767,139,200 |
| Net Income To Common | 1,853,400,064 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 63,100,683,158 |
| Number Of Analyst Opinions | 34 |
| Open | 82.23 |
| Operating Cashflow | 2,590,599,936 |
| Operating Margins | 0.32766 |
| Overall Risk | 5 |
| Payout Ratio | 0.0 |
| Peg Ratio | 2.01 |
| Phone | 408 235 7700 |
| Pre Market Change | 0.51999664 |
| Pre Market Change Percent | 0.60989517 |
| Pre Market Price | 85.78 |
| Pre Market Time | 1,776,848,717 |
| Previous Close | 82.6 |
| Price Eps Current Year | 28.61554 |
| Price Hint | 2 |
| Price To Book | 51.17647 |
| Price To Sales Trailing12 Months | 9.324584 |
| Profit Margins | 0.27257 |
| Quick Ratio | 1.048 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 2.7619 |
| Region | US |
| Regular Market Change | 2.66 |
| Regular Market Change Percent | 3.22034 |
| Regular Market Day High | 85.68 |
| Regular Market Day Low | 82.1 |
| Regular Market Day Range | 82.1 - 85.68 |
| Regular Market Open | 82.23 |
| Regular Market Previous Close | 82.6 |
| Regular Market Price | 85.26 |
| Regular Market Time | 1,776,801,600 |
| Regular Market Volume | 5,151,422 |
| Return On Assets | 0.12866001 |
| Return On Equity | 1.3571601 |
| Revenue Growth | 0.148 |
| Revenue Per Share | 8.97 |
| Sand P52 Week Change | 0.3140242 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 5 |
| Shares Outstanding | 739,923,583 |
| Shares Percent Shares Out | 0.0255 |
| Shares Short | 18,901,077 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 17,699,855 |
| Short Name | Fortinet, Inc. |
| Short Percent Of Float | 0.031 |
| Short Ratio | 3.08 |
| Source Interval | 15 |
| State | CA |
| Symbol | FTNT |
| Target High Price | 120.0 |
| Target Low Price | 64.0 |
| Target Mean Price | 89.0 |
| Target Median Price | 90.0 |
| Total Cash | 3,582,500,096 |
| Total Cash Per Share | 4.842 |
| Total Debt | 1,061,800,000 |
| Total Revenue | 6,799,600,128 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.42 |
| Trailing P E | 35.231403 |
| Trailing Peg Ratio | 2.0703 |
| Triggerable | 1 |
| Two Hundred Day Average | 83.8759 |
| Two Hundred Day Average Change | 1.3841019 |
| Two Hundred Day Average Change Percent | 0.016501782 |
| Type Disp | Equity |
| Volume | 5,151,422 |
| Website | https://www.fortinet.com |
| Zip | 94,086 |