Fortinet, Inc.

NasdaqGS:FTNT 株式レポート

時価総額：US$115.5b

Fortinet 過去の業績

過去 基準チェック /36

Fortinetは、平均年間27.5%の収益成長を遂げていますが、 Software業界の収益は、年間 成長しています。収益は、平均年間31.8% 16.7%収益成長率で 成長しています。 Fortinetの自己資本利益率は136.7%であり、純利益率は28.2%です。

主要情報

27.50%

収益成長率

28.97%

EPS成長率

Software 業界の成長17.33%
収益成長率16.70%
株主資本利益率136.72%
ネット・マージン28.17%
前回の決算情報30 Jun 2026

最近の業績更新

Recent updates

Seeking Alpha • 22h

Fortinet's Next Test Is Sustained Growth

Summary Fortinet remains a Buy, driven by robust billings growth, accelerating product sales, and strong margin performance across its hybrid security model. FTNT's deferred revenue reached $7.68B, with management guiding for 25% billings growth and 19% revenue growth, underpinned by recurring service contracts. Operating leverage is evident: non-GAAP operating margin hit 38%, adjusted free cash flow margin reached 49%, and free cash flow more than tripled year-over-year. Valuation is demanding but justified by industry-leading margins, resilient service revenue, and a cash-heavy balance sheet supporting continued buybacks and growth. Read the full article on Seeking Alpha
ナラティブ更新 • Sep 03

FTNT: AI Security Tailwinds Will Eventually Struggle Against Rich Expectations

Fortinet's analyst fair value estimate has moved up from $92.30 to $102.00 as analysts point to stronger billings trends, higher modeled revenue growth and margins, and AI related demand as key supports for higher long term assumptions and future P/E expectations. Analyst Commentary Recent research on Fortinet highlights strong interest from Wall Street, with many firms lifting their price targets after Q2 results and management meetings.
ナラティブ更新 • Aug 17

FTNT: AI Security Demand And Data Center Spending Will Drive Future Upside

Analysts have raised their Fortinet fair value estimate from $161.85 to $220.00 as they factor in stronger AI-related demand, faster billings and product growth, firmer services trends, higher profit margin assumptions, and a higher future P/E multiple supported by recent research updates across the Street. Analyst Commentary Recent Street research on Fortinet points to a broadly constructive tone, with many bullish analysts citing strong execution in core firewall products, robust billings, and traction in AI related security demand.
ナラティブ更新 • Aug 03

FTNT: AI Hardware Cycle And Demand Uncertainty Will Pressure Future Returns

Fortinet's updated fair value estimate rises from $77.37 to $92.30 as analysts lift price targets across the board, citing stronger Q2 billings and product trends, improved profitability assumptions, and expanding demand for AI driven security and networking. Analyst Commentary Wall Street research on Fortinet has turned more constructive on near term fundamentals, with many firms raising price targets after the Q2 report.
ナラティブ更新 • Jul 24

Fortinet, compounding Cyber Security Player.

Aequitas has increased future PE multiple from 30.0x to 35.0x, increased discount rate from 8.4% to 14.0% and increased timeframe from 3 years to 5 years. Aequitas now holds a position in Fortinet.
ナラティブ更新 • Jul 20

FTNT: AI Security Hype Will Confront Overvaluation And Execution Setbacks

The analyst price target for Fortinet has been raised by about $6, reflecting updated assumptions for slightly higher long term growth and profitability, supported by recent Street research citing stronger cyber demand tied to AI urgency and ongoing product and services momentum. Analyst Commentary Recent Street research on Fortinet reflects an active debate around how much AI driven security demand and data center spending could support the company, with many bullish analysts lifting price targets while a smaller group highlights valuation and execution risks.
新しいナラティブ • Jul 17

FTNT Is The Cybersecurity Powerhouse A Buy?

Fortinet is one of the world’s largest cybersecurity companies. If a business needs to protect its network, Fortinet is usually on the shortlist.
ナラティブ更新 • Jul 06

FTNT: AI Security Optimism Will Face Test From Execution And Competitive Risks

The updated analyst price target for Fortinet moves from an implied fair value of $89.00 to $113.89, reflecting a shift toward higher expected revenue growth and a richer future P/E multiple, even as some recent research, including downgrades and varied price targets from $102 to $180, points to a more mixed stance on near term execution and sector conditions. Analyst Commentary Recent research on Fortinet reflects a wide spread of views on both upside potential and execution risk, with price targets ranging roughly from US$102 on the cautious end to US$180 at the high end.
ナラティブ更新 • Jun 22

FTNT: AI Security Demand And Data Center Investments Will Drive Future Upside

Analysts have raised the Fortinet fair value estimate by about $21 to $161.85, citing broadly strong Q1 performance, a pipeline that includes SASE and adjacent markets, and management commentary around AI driven demand and data center investments as key supports for higher price targets across the Street. Analyst Commentary Recent research on Fortinet points to a cluster of higher fair value estimates and price targets, with many bullish analysts highlighting execution in core firewall offerings, momentum in SASE and adjacent markets, and increasing interest around AI driven security use cases.
分析記事 • Jun 20

Fortinet (FTNT) Stock Could Be 63% Overvalued After Its Sharp Rally

Fortinet stock performance snapshot Fortinet (FTNT) has drawn investor attention after a strong recent run, with the stock up about 12% over the past month and about 78% over the past 3 months, based on provided returns. Those moves come alongside reported annual revenue of US$7.1b and net income of US$1.9b. These figures give investors concrete reference points as they assess how the cybersecurity company’s valuation lines up with its recent share performance. See our latest analysis for...
ナラティブ更新 • Jun 05

FTNT: Earnings Execution And AI Security Platform Position Will Shape Future Upside

The analyst price target for Fortinet has been revised from $109.27 to $140.34. Analysts attribute this change to updated assumptions for slightly higher revenue growth, a modestly higher profit margin, and a higher future P/E multiple, partly supported by recent sector checks and a series of price target increases across the cybersecurity peer group.
ナラティブ更新 • May 21

FTNT: Hardware Dependence And AI Volatility Will Pressure Future Returns

Fortinet's analyst price target has increased to $77.37 from $67.76, with analysts citing updated assumptions around slightly faster revenue growth, a modestly higher future P/E, and recent broad-based target hikes across the Street, even as some factor in mixed views on margins and ratings. Analyst Commentary Recent research on Fortinet points to a mixed backdrop, with many firms adjusting price targets higher while a minority voice more cautious views around the durability of growth, the business mix and where the stock trades on key valuation metrics.
ナラティブ更新 • May 02

FTNT: Hardware Exposure And Softer 2026 Refresh Cycle Will Pressure Returns

Fortinet's updated analyst price target edges slightly lower to about $68, reflecting modest tweaks to assumptions on fair value, discount rate, growth, margins, and future P/E, as analysts balance recent target hikes from several firms with more cautious views on hardware exposure and execution risk. Analyst Commentary Recent research on Fortinet reflects a split view, with some firms lifting price targets or turning more constructive, while others point to risks tied to hardware exposure, execution and valuation.
ナラティブ更新 • Apr 15

FTNT: AI Security Platform And Share Buybacks Will Drive Future Upside

Analysts have nudged their fair value estimate for Fortinet to $89.00, reflecting a blend of tempered revenue growth expectations, a slightly higher assumed discount rate, and modestly stronger margin and P/E assumptions that align with the recent mix of target hikes and a few cautious downgrades across the Street. Analyst Commentary Recent research on Fortinet presents a mixed picture, with several firms adjusting price targets and ratings around concerns on hardware exposure, execution, and the broader cybersecurity sector reaction to AI developments, while others point to what they view as attractive entry points and constructive setups into earnings.
ナラティブ更新 • Mar 31

FTNT: Hardware Dependence And Softer 2026 Refresh Expectations Will Restrain Returns

Analysts have nudged Fortinet's implied fair value to about $68, reflecting modest tweaks to growth, margin, and discount rate assumptions. Recent price target moves balance concerns over hardware dependence and firewall refresh cycles with views that broader cybersecurity demand remains intact despite AI related volatility.
ナラティブ更新 • Mar 17

FTNT: Hardware Reliance And Softer 2026 Refresh Cycle Will Pressure Returns

Analysts have modestly adjusted the Fortinet price target to $68.00, reflecting a slightly higher discount rate and fine tuned views on revenue growth, profit margins, and future P/E assumptions amid mixed research commentary on hardware exposure and valuation across the Street. Analyst Commentary Recent research on Fortinet has been mixed, with a cluster of price target changes and rating moves that highlight both valuation sensitivities and execution questions around the current hardware mix and future growth profile.
ナラティブ更新 • Mar 03

FTNT: Hardware Dependence And Fading Refresh Cycle Will Pressure Future Returns

We are trimming our Fortinet fair value estimate to $68.00 from $70.25 as analysts factor in slower expected revenue growth, ongoing firewall hardware refresh risk, and a lower future P/E multiple around 25.6x, partly offset by a higher projected profit margin near 25.7%. Analyst Commentary Recent research has highlighted a more cautious tone around Fortinet, with several bearish analysts flagging risks around hardware reliance, growth sustainability, and valuation.
ナラティブ更新 • Feb 17

FTNT: Earnings Execution And Buybacks Will Support Future Upside

Analysts have nudged their fair value estimate for Fortinet higher by about $1 to roughly $109, reflecting a mix of tempered revenue growth expectations, slightly higher assumed P/E multiples, and firmer profit margin assumptions that align with the wave of recent price target increases across the Street. Analyst Commentary Bullish analysts have been active on Fortinet, with a cluster of recent research updates pointing to higher price targets, rating upgrades, and a more constructive stance on the share setup into upcoming results.
ナラティブ更新 • Feb 03

FTNT: Earnings Execution And China Risk Insulation Will Support Future Upside

The analyst price target for Fortinet edges up to about $108 from roughly $108 previously, as analysts balance mixed rating actions and trimmed Street targets against slightly firmer assumptions on revenue growth, discount rate and future P/E in updated models. Analyst Commentary Recent research on Fortinet reflects a mixed backdrop, but there are clear pockets of optimism that speak to how some on the Street are framing the risk and reward.
ナラティブ更新 • Jan 20

FTNT: Hardware Refresh Caution Will Contrast With Stronger Margins And Buybacks

Analysts have nudged their implied fair value for Fortinet lower from about $110 to $108, as a reduced future P/E assumption and more cautious views on hardware refresh demand offset still solid revenue and billings metrics reflected in recent research updates. Analyst Commentary Recent research has been mixed, but there are still clear pockets of optimism around Fortinet that center on execution, earnings quality, and how those feed into valuation support.
ナラティブ更新 • Jan 05

FTNT: AI Data Center Security Partnerships Will Drive Future Upside Potential

Analysts have trimmed their price targets on Fortinet toward the high $80s to low $100s, with the updated fair value estimate holding near $87.04 as they factor in recent Q3 metrics such as 18% Product revenue growth, 14% Billings growth, and slightly refined assumptions for discount rate, revenue growth, margins, and future P/E. Analyst Commentary Recent Street research has shifted to a more balanced stance on Fortinet, with price targets clustering in the high $80s to low $100s range and at least one downgrade to a neutral rating.
ナラティブ更新 • Dec 19

FTNT: AI Data Center Push And Legal Overhang Will Shape Shares

Analysts have slightly lowered their price target on Fortinet, trimming fair value by about $0.40 to roughly $87.04. They cited a more cautious stance following recent downgrades and tempered growth expectations, despite solid Q3 metrics and improved guidance.
ナラティブ更新 • Dec 05

FTNT: Firewall Cycle, AI Initiatives And Lawsuit Will Shape Stock Path

Analysts have modestly reduced their price target on Fortinet to about $87 per share. This reflects more cautious views on the stock's risk profile and future earnings multiples, despite solid recent revenue and margin performance.
ナラティブ更新 • Nov 21

FTNT: Firewall Refresh Cycle Maturity Will Influence Stock Performance Ahead

Analysts have slightly lowered their fair value estimate for Fortinet to $87.45 from $88.30, citing modestly reduced growth projections and tempered expectations following recent industry downgrades and updates to price targets. Analyst Commentary Recent street research on Fortinet reflects a mix of cautious and optimistic outlooks, as analysts assess the company's performance and future prospects in light of industry trends and earnings results.
ナラティブ更新 • Nov 07

FTNT: Firewall Refresh Cycle And Market Dynamics Will Shape Medium-Term Prospects

Fortinet's analyst price target has been revised downward, dropping from approximately $90.32 to $88.30. Analysts cite tempered expectations for core firewall growth and evolving revenue and margin forecasts, despite some improvements in guidance.
新しいナラティブ • Aug 09

The Architect of Integrated, High-Performance Security

When compared to other competitors, Fortinet's valuation makes a lot of sense. Fortinet is a model of profitability and operational efficiency.
ナラティブ更新 • Aug 08

Digital Transformation Will Expand Integrated Cybersecurity Solutions

Fortinet’s fair value estimate has been significantly lowered, primarily due to a notable contraction in its forward P/E multiple despite stable revenue growth forecasts, resulting in the consensus price target dropping from $109.88 to $93.46. What's in the News Fortinet announced a major expansion of its FortiCloud platform, introducing FortiIdentity (cloud-native identity management), FortiDrive (secure storage), and FortiConnect (protected communications), all natively integrated with its Security Fabric, furthering its unified platform strategy and supporting hybrid workforces with global infrastructure investments (Key Developments, 2025-08-06).
ナラティブ更新 • Aug 07

The silent guardian of the internet and one of the most profitable names in cybersecurity.

Fortinet delivered yet another textbook beat on both top-line and bottom-line in Q2, still rocking the cybersecurity party. But the market’s stomach for forward guidance is as fickle as my mood before coffee, a slightly cautious outlook = big price pullback.

収支内訳

Fortinet の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NasdaqGS:FTNT 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
30 Jun 267,5272,1212,754846
31 Mar 267,1101,9552,673831
31 Dec 256,8001,8532,581816
30 Sep 256,5551,8742,476802
30 Jun 256,3381,9402,419787
31 Mar 256,1421,8792,328742
31 Dec 245,9561,7452,283717
30 Sep 245,7111,5302,264678
30 Jun 245,5371,3132,234648
31 Mar 245,3961,1992,242636
31 Dec 235,3051,1482,217614
30 Sep 235,1731,1512,155590
30 Jun 234,9881,0592,065568
31 Mar 234,7259671,960539
31 Dec 224,4178571,855512
30 Sep 224,0987431,764496
30 Jun 223,8166741,679470
31 Mar 223,5876381,579452
31 Dec 213,3426071,489424
30 Sep 213,1275551,404401
30 Jun 212,9115151,317383
31 Mar 212,7274911,239358
31 Dec 202,5944891,191341
30 Sep 202,4654601,152324
30 Jun 202,3624171,109304
31 Mar 202,2683781,077289
31 Dec 192,1633321,029277
30 Sep 192,052396973271
30 Jun 191,958375940260
31 Mar 191,875349905254
31 Dec 181,805335875245
30 Sep 181,711121860234
30 Jun 181,63189833229
31 Mar 181,55362804219
31 Dec 171,49531789211
30 Sep 171,44186755201
30 Jun 171,38365739195
31 Mar 171,33141735190
31 Dec 161,27532708183
30 Sep 161,2094684180
30 Jun 161,1536647175
31 Mar 161,0819593167
31 Dec 151,0098540158
30 Sep 1593717488148

質の高い収益: FTNTは 高品質の収益 を持っています。

利益率の向上: FTNTの現在の純利益率 (28.2%)は、昨年(30.6%)よりも低くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: FTNTの収益は過去 5 年間で年間27.5%増加しました。

成長の加速: FTNTの過去 1 年間の収益成長率 ( 9.3% ) は、5 年間の平均 ( 年間27.5%を下回っています。

収益対業界: FTNTの過去 1 年間の収益成長率 ( 9.3% ) Software業界27.2%を上回りませんでした。

株主資本利益率

高いROE: FTNTの 自己資本利益率 ( 136.7% ) は 傑出している と考えられます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/09/09 04:10
終値2026/09/09 00:00
収益2026/06/30
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

シンプリー・ウォールストリート分析モデルを設計・構築した ご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Fortinet, Inc. 42 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。69

アナリスト機関
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Danny KaplanBarclays