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Fortinet, Inc.LSE:0IR9 Stock Report

Market Cap US$63.7b
Share Price
US$83.44
My Fair Value
US$90.32
7.6% undervalued intrinsic discount
1Y2.8%
7D-0.1%
Portfolio Value
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Fortinet, Inc.

LSE:0IR9 Stock Report

Market Cap: US$63.7b

Fortinet (0IR9) Stock Overview

Provides cybersecurity and convergence of networking and security solutions worldwide. More details

0IR9 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance6/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 3.3% below our estimate of its fair value

Earnings are forecast to grow 8.87% per year

Earnings grew by 47.7% over the past year

Risk Analysis

Volatile share price over the past 3 months compared to the UK market


0IR9 Community Fair Values

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Fortinet, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fortinet
Historical stock prices
Current Share PriceUS$83.44
52 Week HighUS$114.68
52 Week LowUS$70.13
Beta1.1
1 Month Change3.69%
3 Month Change-21.25%
1 Year Change2.82%
3 Year Change56.50%
5 Year Change225.94%
Change since IPO809.73%

Recent News & Updates

Recent updates

Shareholder Returns

0IR9GB SoftwareGB Market
7D-0.1%-1.1%-0.7%
1Y2.8%1.3%10.8%

Return vs Industry: 0IR9 exceeded the UK Software industry which returned 1.3% over the past year.

Return vs Market: 0IR9 underperformed the UK Market which returned 10.8% over the past year.

Price Volatility

Is 0IR9's price volatile compared to industry and market?
0IR9 volatility
0IR9 Average Weekly Movement8.2%
Software Industry Average Movement5.1%
Market Average Movement4.7%
10% most volatile stocks in GB Market10.9%
10% least volatile stocks in GB Market2.6%

Stable Share Price: 0IR9's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: 0IR9's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
200014,898Ken Xiewww.fortinet.com

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) 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.

Fortinet, Inc. Fundamentals Summary

How do Fortinet's earnings and revenue compare to its market cap?
0IR9 fundamental statistics
Market capUS$63.71b
Earnings (TTM)US$1.94b
Revenue (TTM)US$6.34b
33.0x
P/E Ratio
10.1x
P/S Ratio

Is 0IR9 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0IR9 income statement (TTM)
RevenueUS$6.34b
Cost of RevenueUS$1.19b
Gross ProfitUS$5.15b
Other ExpensesUS$3.21b
EarningsUS$1.94b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 05, 2025

Earnings per share (EPS)2.53
Gross Margin81.29%
Net Profit Margin30.60%
Debt/Equity Ratio48.3%

How did 0IR9 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 02:34
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fortinet, Inc. is covered by 72 analysts. 42 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Danny KaplanBarclays