Fortinet (FTNT03) Stock Overview

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

FTNT03 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Earnings are forecast to grow 10.06% per year

Earnings have grown 28.5% per year over the past 5 years

Risk Analysis

Shares are highly illiquid

FTNT03 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 Price	US$2.60
52 Week High	US$2.80
52 Week Low	US$2.60
Beta	1.09
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	-7.14%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	FTNT03	TH Software	TH Market
7D	n/a	-6.9%	1.1%
1Y	n/a	-25.4%	37.0%

Return vs Industry: Insufficient data to determine how FTNT03 performed against the TH Software industry.

Return vs Market: Insufficient data to determine how FTNT03 performed against the TH Market.

Price Volatility

Is FTNT03's price volatile compared to industry and market?
FTNT03 volatility
FTNT03 Average Weekly Movement	n/a
Software Industry Average Movement	7.2%
Market Average Movement	4.1%
10% most volatile stocks in TH Market	10.2%
10% least volatile stocks in TH Market	1.9%

Stable Share Price: FTNT03's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine FTNT03's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2000	15,311	Ken Xie	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.

Fortinet, Inc. Fundamentals Summary

How do Fortinet's earnings and revenue compare to its market cap?
FTNT03 fundamental statistics
Market cap	฿3.96t
Earnings (TTM)	฿65.73b
Revenue (TTM)	฿239.10b

60.3x

P/E Ratio

16.6x

P/S Ratio

Is FTNT03 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FTNT03 income statement (TTM)
Revenue	US$7.11b
Cost of Revenue	US$1.40b
Gross Profit	US$5.71b
Other Expenses	US$3.75b
Earnings	US$1.95b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)	2.67
Gross Margin	80.30%
Net Profit Margin	27.49%
Debt/Equity Ratio	50.2%

How did FTNT03 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/17 10:56
End of Day Share Price	2026/07/17 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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 67 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.

Analyst	Institution
Ellie Bagshaw	Arete Research Services LLP
Shrenik Kothari	Baird
Saket Kalia	Barclays