Fortinet, Inc.

NasdaqGS:FTNT Stok Raporu

Piyasa değeri: US$98.1b

Fortinet Geçmiş Kazanç Performansı

Geçmiş kriter kontrolleri 3/6

Fortinet yıllık ortalama 28.5% oranında kazançlarını artırırken, Software sektöründe kazançlar growing at 22.5% annual. Gelirler growing yılda ortalama 17.3% oranında artmaktadır. Fortinet'in özkaynak karlılığı 197.5% ve net marjı 27.5%'dir.

Anahtar bilgiler

28.46%

Kazanç büyüme oranı

29.86%

EPS büyüme oranı

Software Sektör Büyümesi17.33%
Gelir büyüme oranı17.32%
Özkaynak getirisi197.48%
Net Marj27.49%
Son Kazanç Güncellemesi31 Mar 2026

Yakın geçmiş performans güncellemeleri

Recent updates

Anlatı Güncellemesi • 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.
Seeking Alpha • May 19

Fortinet: AI Driven Security Demand Continues To Accelerate

Summary Fortinet delivered a strong Q1, with revenue up 20% YoY to $1.85B, beating consensus by 6.7%. Billings grew 31% YoY and deferred revenue reached $7.35B, underscoring robust demand and revenue visibility. Operating leverage improved margins; GAAP operating margin rose to 31.4%, and net income increased 23.3% YoY. I maintain a Buy rating with a $145 price target, reflecting a 17.8% upside, supported by AI-driven demand and disciplined capital allocation. Read the full article on Seeking Alpha
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Yeni Anlatı • Mar 15

Fortinet, Inc. (FTNT): Navigating the Firewall Refresh Cycle and the SASE AI Pivot

Fortinet, Inc. (FTNT) concluded the March 13, 2026, trading session at $83.44 USD on the NASDAQ.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Anlatı Güncellemesi • 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.
Analiz Makalesi • Aug 20

Fortinet, Inc. (NASDAQ:FTNT) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

NasdaqGS:FTNT 1 Year Share Price vs Fair Value Explore Fortinet's Fair Values from the Community and select yours The...
Yeni Anlatı • 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.
Anlatı Güncellemesi • 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).
Analiz Makalesi • Aug 08

Fortinet, Inc. Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next

NasdaqGS:FTNT 1 Year Share Price vs Fair Value Explore Fortinet's Fair Values from the Community and select yours...
Anlatı Güncellemesi • 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.
Analiz Makalesi • Aug 01

Is It Too Late To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?

Fortinet, Inc. ( NASDAQ:FTNT ) saw significant share price movement during recent months on the NASDAQGS, rising to...
Analiz Makalesi • Jul 19

Here's Why Fortinet (NASDAQ:FTNT) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analiz Makalesi • Jul 02

A Look At The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Fortinet fair value estimate is US$110 With US$102 share...
Seeking Alpha • Apr 25

Fortinet: Three Major Growth Catalysts

Summary Fortinet, a leading cybersecurity firm, offers comprehensive security solutions and is poised for growth with strong profit margins and a solid balance sheet. Key growth catalysts include the rise of SASE, a global firewall upgrade wave, and increasing demand for end-to-end security solutions. Fortinet's technological edge and unique positioning in government security make it a compelling investment in the cybersecurity sector. With strong fundamentals and strategic advantages, Fortinet is well-positioned to benefit from emerging trends and generate increased revenue per customer. Read the full article on Seeking Alpha
Seeking Alpha • Feb 26

Fortinet: Capitalizing On Hardware Firewall Upgrades For Future Growth

Summary Hardware firewalls remain crucial for legacy on-premise infrastructure, edge computing needing real-time responses, and remote areas with unreliable internet. Fortinet should benefit from a massive upgrade cycle for its hardware firewall in 2026 and 2027. Inventory-related charges normalized in 2024, making earnings per share growth look slower in 2025. The company is a cybersecurity industry leader and has solid competitive advantages. FTNT stock remains a buy for growth investors. Read the full article on Seeking Alpha
Seeking Alpha • Jan 22

As Billings Growth Turns Negative, I'm Bearish On Fortinet

Summary With billings growth turning negative for the first time, I'm concerned about Fortinet's long-term performance. As competitors have been able to deploy cloud-based solutions, the company's traditional hardware offerings are lower margin, and less scalable. At a high valuation, I'm concerned that markets will have to re-price the shares over time, leading to major risk of downside. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

Fortinet: Solid Growth But Overvalued After Recent Run

Summary Fortinet is a leading cybersecurity firm with strong fundamentals. The company will benefit from secular global market growth. Despite excellent performance and profitability, Fortinet's valuation appears slightly overvalued, suggesting potential investors should wait for better entry opportunities in the $50-$60 range. The competitive cybersecurity market and high valuation risks could impact Fortinet's future growth and returns, making it a HOLD for now. Read the full article on Seeking Alpha

Gelir ve Gider Dağılımı

Fortinet nasıl para kazanır ve harcar. LTM bazında en son bildirilen kazançlara dayanmaktadır.

Kazanç ve Gelir Geçmişi

NasdaqGS:FTNT Gelir, gider ve kazançlar (USD Millions )
TarihGelirKazançlarG+A GiderleriAr-Ge Giderleri
31 Mar 267,1101,9552,673831
31 Dec 256,8001,8532,581816
30 Sep 256,5551,8742,476802
30 Jun 256,3381,9402,419787
31 Mar 256,1421,8792,328742
31 Dec 245,9561,7452,283717
30 Sep 245,7111,5302,264678
30 Jun 245,5371,3132,234648
31 Mar 245,3961,1992,242636
31 Dec 235,3051,1482,217614
30 Sep 235,1731,1512,155590
30 Jun 234,9881,0592,065568
31 Mar 234,7259671,960539
31 Dec 224,4178571,855512
30 Sep 224,0987431,764496
30 Jun 223,8166741,679470
31 Mar 223,5876381,579452
31 Dec 213,3426071,489424
30 Sep 213,1275551,404401
30 Jun 212,9115151,317383
31 Mar 212,7274911,239358
31 Dec 202,5944891,191341
30 Sep 202,4654601,152324
30 Jun 202,3624171,109304
31 Mar 202,2683781,077289
31 Dec 192,1633321,029277
30 Sep 192,052396973271
30 Jun 191,958375940260
31 Mar 191,875349905254
31 Dec 181,805335875245
30 Sep 181,711121860234
30 Jun 181,63189833229
31 Mar 181,55362804219
31 Dec 171,49531789211
30 Sep 171,44186755201
30 Jun 171,38365739195
31 Mar 171,33141735190
31 Dec 161,27532708183
30 Sep 161,2094684180
30 Jun 161,1536647175
31 Mar 161,0819593167
31 Dec 151,0098540158
30 Sep 1593717488148
30 Jun 1587013438138

Kaliteli Kazançlar: FTNT yüksek kaliteli kazançlar sağlıyor.

Büyüyen Kar Marjı: FTNT 'nin mevcut net kar marjları (27.5%) geçen yılın (30.6%) değerinden daha düşüktür.

Serbest Nakit Akışı ve Kazanç Analizi

Geçmiş Kazanç Büyüme Analizi

Kazanç Eğilimi: FTNT şirketinin kazançları son 5 yılda yılda 28.5% oranında önemli ölçüde arttı.

Büyüme Hızlandırma: FTNT 'un son bir yıldaki kazanç büyümesi ( 4% ) 5 yıllık ortalamasının ( 28.5% /yıl) altındadır.

Kazançlar vs. Sektör: FTNT geçen yılki kazanç büyümesi ( 4% ) Software sektörünün 11.7% performansını geride bırakmadı.

Özkaynak Getirisi

Yüksek ROE: FTNT 'nin Özsermaye Getirisi ( 197.5% ) ödenmemiş olarak değerlendirilmektedir.

Varlık Getirisi

Kullanılan Sermaye Getirisi

Geçmişte güçlü performans gösteren şirketleri keşfedin

7D

1Y

7D

1Y

7D

1Y

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/05/27 20:08
Gün Sonu Hisse Fiyatı2026/05/27 00:00
Kazançlar2026/03/31
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Fortinet, Inc. 69 Bu analistlerden 42, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Saket KaliaBarclays