FTNT

Fortinet, Inc.
$175.11
+4.18 (+2.45%)
Mkt Cap 124.00B
Volume 1,593,468
52W Range 70.12-197.13
Sector Technology
Beta 1.04
EPS (TTM) 2.86 USD
P/E Ratio 59.09
Revenue (TTM) 7.53B USD
Rev Growth (5Y) +21.3%
EPS Growth (5Y) +32.4%
AlphaVal · Fair Value
What we estimate one share is worth
$134.40
Overvalued moderate signal
25.7% above fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
A+
Platform & Compounding FCF
96.0 / 100 composite
A platform business that compounds free cash flow — graded A–F vs. similar companies.

Company Description

Track Record

Showing latest 4 periods • Swipe for more
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 6.80B 5.96B 5.30B 4.42B 3.34B 2.59B 2.16B 1.80B 1.49B 1.28B 1.01B 770.36M
Net Income 1.85B 1.75B 1.15B 857.30M 606.80M 488.50M 331.70M 334.90M 31.40M 32.20M 7.99M 25.34M
EPS 2.44 2.28 1.47 1.08 0.74 0.60 0.39 0.39 0.04 0.04 0.01 0.03
Free Cash Flow 2.23B 1.88B 1.73B 1.45B 1.20B 957.80M 715.80M 585.90M 459.10M 278.50M 245.19M 164.38M
FCF / Share 3.00 2.46 2.22 1.83 1.48 1.17 0.84 0.69 0.53 0.32 0.29 0.20
Operating CF 2.59B 2.26B 1.94B 1.73B 1.50B 1.08B 808.00M 638.90M 594.40M 345.70M 282.55M 196.58M
Total Assets 10.39B 9.76B 7.26B 6.23B 5.92B 4.04B 3.88B 3.08B 2.26B 2.14B 1.79B 1.42B
Total Debt 996.30M 994.30M 992.30M 990.40M 988.40M 0 0 0 0 0 0 0
Cash & Equiv 2.50B 2.88B 1.40B 1.68B 1.32B 1.06B 1.22B 1.11B 811.00M 709.00M 543.28M 283.25M
Book Value 1.24B 1.49B (463.40M) (281.60M) 781.70M 856.00M 1.34B 1.01B 589.40M 837.68M 755.38M 675.97M
Return on Equity 1.50 1.17 N/A N/A 0.78 0.57 0.25 0.33 0.05 0.04 0.01 0.04
FTNT News
Diversify Advisory Services LLC Purchases 4,660 Shares of Fortinet, Inc. $FTNT
Oct 21, 2026 12:19 AM · defenseworld.net
Can Fortinet's SASE Momentum Propel the Stock to New Highs?
Oct 20, 2026 06:50 AM · zacks.com
CBTS and Fortinet Launch Fully Managed Secure Networking Service for Growing Mid-Market Organizations
Oct 20, 2026 05:00 AM · businesswire.com
CWA Asset Management Group LLC Buys 57,379 Shares of Fortinet, Inc. $FTNT
Oct 19, 2026 11:29 PM · defenseworld.net
Dan Ives Sees Cybersecurity Spending Doubling: 5 Stocks That Could Benefit
Oct 19, 2026 12:23 PM · benzinga.com
4,147 Shares in Fortinet, Inc. $FTNT Bought by Onyx Bridge Wealth Group LLC
Oct 19, 2026 12:56 AM · defenseworld.net
IFP Advisors Inc Purchases 5,549 Shares of Fortinet, Inc. $FTNT
Oct 19, 2026 12:18 AM · defenseworld.net
Fortinet, Inc. $FTNT Shares Newly Purchased by B. Riley Wealth Advisors Inc.
Oct 16, 2026 11:57 PM · defenseworld.net
As AI Supercharges Hackers, Cybersecurity Stocks Split Into Platforms and Point Solutions
Oct 16, 2026 08:00 PM · fool.com
3 Reasons Why Growth Investors Shouldn't Overlook Fortinet (FTNT)
Oct 16, 2026 09:45 AM · zacks.com