1FTNT Stock Overview

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

1FTNT fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	6/6
Financial Health	5/6
Dividends	0/6

Rewards

Earnings are forecast to grow 9.97% per year

Earnings grew by 52% over the past year

Risk Analysis

Shares are highly illiquid

Community vs My Fair Value

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Fortinet, Inc. Competitors

Palo Alto Networks

NasdaqGS:PANW

US$120.2b

ServiceNow

NYSE:NOW

US$194.0b

BIT:REY

€5.7b

Check Point Software Technologies

NasdaqGS:CHKP

US$23.0b

Price History & Performance

Summary of share price highs, lows and changes for Fortinet
Historical stock prices
Current Share Price	US$90.93
52 Week High	US$91.85
52 Week Low	US$91.85
Beta	1.1
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	3.66%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	1FTNT	IT Software	IT Market
7D	n/a	0.9%	4.9%
1Y	n/a	-10.9%	11.4%

Return vs Industry: Insufficient data to determine how 1FTNT performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how 1FTNT performed against the Italian Market.

Price Volatility

Is 1FTNT's price volatile compared to industry and market?
1FTNT volatility
1FTNT Average Weekly Movement	n/a
Software Industry Average Movement	6.7%
Market Average Movement	5.3%
10% most volatile stocks in IT Market	8.6%
10% least volatile stocks in IT Market	3.3%

Stable Share Price: 1FTNT's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: Insufficient data to determine 1FTNT's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2000	14,138	Ken Xie	www.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?
1FTNT fundamental statistics
Market cap	€69.36b
Earnings (TTM)	€1.53b
Revenue (TTM)	€5.23b

45.9x

P/E Ratio

13.5x

P/S Ratio

Is 1FTNT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1FTNT income statement (TTM)
Revenue	US$5.96b
Cost of Revenue	US$1.16b
Gross Profit	US$4.80b
Other Expenses	US$3.05b
Earnings	US$1.75b

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

May 07, 2025

Earnings per share (EPS)	2.27
Gross Margin	80.56%
Net Profit Margin	29.30%
Debt/Equity Ratio	66.6%

How did 1FTNT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/29 06:47
End of Day Share Price	2025/04/29 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 76 analysts. 43 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ellie Bagshaw	Arete Research Services LLP
Shrenik Kothari	Baird
Ishan Majumdar	Baptista Research