Fortinet, Inc.

NasdaqGS:FTNT 주식 리포트

시가총액: US$115.5b

Fortinet 향후 성장

Future 기준 점검 2/6

Fortinet (는) 각각 연간 13% 및 11.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 11.2% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 39.3% 로 예상됩니다.

핵심 정보

13.0%

이익 성장률

11.15%

EPS 성장률

Software 이익 성장20.5%
매출 성장률11.1%
향후 자기자본이익률39.35%
애널리스트 커버리지

Good

마지막 업데이트02 Sep 2026

최근 향후 성장 업데이트

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
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
새로운 내러티브 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
분석 기사 • 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...
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
내러티브 업데이트 • 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.
새로운 내러티브 • 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.
내러티브 업데이트 • 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).
내러티브 업데이트 • 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.

이익 및 매출 성장 예측

NasdaqGS:FTNT - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/202810,0723,0173,7664,38122
12/31/20279,0322,5403,3623,83842
12/31/20268,1192,2873,0933,52739
6/30/20267,5272,1213,1173,396N/A
3/31/20267,1101,9552,4362,804N/A
12/31/20256,8001,8532,2262,591N/A
9/30/20256,5551,8742,0282,448N/A
6/30/20256,3381,9402,0332,401N/A
3/31/20256,1421,8792,0682,291N/A
12/31/20245,9561,7451,8792,258N/A
9/30/20245,7111,5301,6641,972N/A
6/30/20245,5371,3131,5731,915N/A
3/31/20245,3961,1991,6932,088N/A
12/31/20235,3051,1481,7311,936N/A
9/30/20235,1731,1512,0642,272N/A
6/30/20234,9881,0591,9782,204N/A
3/31/20234,7259671,8232,012N/A
12/31/20224,4178571,4491,731N/A
9/30/20224,0987431,1681,569N/A
6/30/20223,8166741,1021,485N/A
3/31/20223,5876381,2141,580N/A
12/31/20213,3426071,2041,500N/A
9/30/20213,1275551,2531,429N/A
6/30/20212,9115151,1081,251N/A
3/31/20212,7274919301,080N/A
12/31/20202,5944899581,084N/A
9/30/20202,465460837978N/A
6/30/20202,362417855978N/A
3/31/20202,268378N/A926N/A
12/31/20192,163332N/A808N/A
9/30/20192,052396N/A798N/A
6/30/20191,958375N/A753N/A
3/31/20191,875349N/A701N/A
12/31/20181,805335N/A639N/A
9/30/20181,711121N/A616N/A
6/30/20181,63189N/A602N/A
3/31/20181,55362N/A604N/A
12/31/20171,49531N/A594N/A
9/30/20171,44186N/A538N/A
6/30/20171,38365N/A452N/A
3/31/20171,33141N/A375N/A
12/31/20161,27532N/A346N/A
9/30/20161,2094N/A313N/A
6/30/20161,1536N/A302N/A
3/31/20161,0819N/A319N/A
12/31/20151,0098N/A283N/A
9/30/201593717N/A249N/A

애널리스트 향후 성장 전망

수입 대 저축률: FTNT 의 연간 예상 수익 증가율(13%)이 saving rate(3.7%)보다 높습니다.

수익 vs 시장: FTNT 의 연간 수익(13%)이 US 시장(17.4%)보다 느리게 성장할 것으로 예상됩니다.

고성장 수익: FTNT 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.

수익 대 시장: FTNT 의 수익(연간 11.1%)이 US 시장(연간 13.5%)보다 느리게 성장할 것으로 예상됩니다.

고성장 매출: FTNT 의 수익(연간 11.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: FTNT의 자본 수익률은 3년 후 39.3%로 높을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/09/09 04:10
종가2026/09/09 00:00
수익2026/06/30
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

Fortinet, Inc.는 69명의 분석가가 다루고 있습니다. 이 중 42명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Danny KaplanBarclays