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FTNT logo

Fortinet, Inc. Stock Price

NasdaqGS:FTNT Community·US$115.5b Market Cap
  • 7 Narratives written by author
  • 0 Comments on narratives written by author
  • 642 Fair Values set on narratives written by author
Author Program NEWCreate Narrative

FTNT Share Price Performance

US$157.22
77.74 (97.81%)
​
US$125.56
Fair Value
US$157.22
77.74 (97.81%)
25.2% overvalued intrinsic discount
US$125.56
Fair Value
Price US$157.22
rdiab US$125.56
AnalystConsensusTarget US$119.92
AnalystHighTarget US$220.00
Fri, 17 Jul 26
Fair ValueUS$125.56
Share Pricen/a

FTNT Community Narratives

RD
rdiab's
Fair Value
·
Fair Value US$125.56 25.2% overvalued intrinsic discount

FTNT Is The Cybersecurity Powerhouse A Buy?

2users have liked this narrative
0users have commented on this narrative
11users have followed this narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget's
Fair Value
·
Fair Value US$119.92 31.1% overvalued intrinsic discount

Digital Transformation Will Expand Integrated Cybersecurity Solutions

1users have liked this narrative
0users have commented on this narrative
226users have followed this narrative
AN
AnalystHighTarget
AnalystHighTarget's
Fair Value
·
Fair Value US$220 28.5% undervalued intrinsic discount

Accelerating Digitization And IoT Trends Will Expand Cybersecurity Markets

0users have liked this narrative
0users have commented on this narrative
7users have followed this narrative
FTNT logo
Fortinet
25.2% overvalued intrinsic discount

FTNT Is The Cybersecurity Powerhouse A Buy?

View narrative
RD
rdiab
Published 17 Jul
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FTNT logo
Fortinet
34.6% overvalued intrinsic discount

Fortinet, compounding Cyber Security Player.

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AE
Aequitas
Updated 24 Jul
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FTNT logo
Fortinet
45.6% overvalued intrinsic discount

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

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OS
oscargarcia
oscargarcia
Updated 7 Aug 2025
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FTNT logo
Fortinet
58.8% overvalued intrinsic discount

The Architect of Integrated, High-Performance Security

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BL
BlackJesus
BlackJesus
Published 9 Aug 2025
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FTNT logo
Fortinet
28.5% undervalued intrinsic discount

Accelerating Digitization And IoT Trends Will Expand Cybersecurity Markets

View narrative
AN
AnalystHighTarget
AnalystHighTarget
Updated 17 Aug
Read Narrative
FTNT logo
Fortinet
31.1% overvalued intrinsic discount

Digital Transformation Will Expand Integrated Cybersecurity Solutions

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 20 Jul
Read Narrative
FTNT logo
Fortinet
54.1% overvalued intrinsic discount

Overvaluation And Regulatory Challenges Will Undermine Cybersecurity Markets

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AN
AnalystLowTarget
AnalystLowTarget
Updated 3 Sep
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Trending Discussion

No trending discussion available.

Recently Updated Narratives

AE
FTNT logo

Fortinet, compounding Cyber Security Player.

Fair Value: US$116.84 34.6% overvalued intrinsic discount
5 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
RD
FTNT logo

FTNT Is The Cybersecurity Powerhouse A Buy?

Fair Value: US$125.56 25.2% overvalued intrinsic discount
11 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative
BL
BlackJesus
FTNT logo

The Architect of Integrated, High-Performance Security

Fair Value: US$99.03 58.8% overvalued intrinsic discount
14 fair values setusers have set this as their fair value
0 commentsusers have commented on this narrative
0 likesusers have liked this narrative

Snowflake Analysis

Flawless balance sheet with acceptable track record.

0 Risks
2 Rewards
View Full Analysis

Fortinet, Inc. Key Details

US$7.5b

Revenue

US$1.5b

Cost of Revenue

US$6.0b

Gross Profit

US$3.9b

Other Expenses

US$2.1b

Earnings

Last Reported Earnings
Jun 30, 2026
Next Reporting Earnings
n/a
2.89
80.20%
28.17%
32.0%
View Full Analysis

About FTNT

Founded
2000
Employees
15472
CEO
Ken Xie
WebsiteView website
www.fortinet.com

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.

Recent FTNT News & Updates

Seeking Alpha • Sep 09

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
User avatar
Narrative Update • 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.

Recent updates

No updates

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