Companies /Technology

Fortinet Inc

NASDAQ: FTNT Software - Infrastructure
$126.21
▼ $9.87 (−7.25%) today
Markets closed · 11:34pm ET

24/7 Wall St. View

Price Prediction $158.28 +24.2% Our analysts’ 12-month view: target, optimistic case, and floor. FTNT price prediction → Earnings Beat +6.0% EPS vs. the estimate, revenue, and how the market reacted. FTNT earnings history →

FTNT at a Glance

Valuation
Market cap
$100.0B
P/E ratio
44.5
Profitability
Revenue (TTM)
$7.9B
Profit margin
29.0%
EPS (TTM)
$3.06
Price
52-week range
$74 – $197
24/7 target
$158.28
Street target
$145.71
Earnings
Q3 2026 EPS
$0.91
vs. $0.86 est.
+6.0%

Headquartered in Sunnyvale, CA Fiscal year ends December NASDAQ: FTNT fortinet.com

About Fortinet

Fortinet is a cybersecurity company focused on the convergence of networking and security. It sells an integrated portfolio of more than 50 enterprise-grade products to over one million lifetime customers, including enterprises, service providers and government organizations.

Its core offering is the FortiGate network firewall. FortiGate runs on the single FortiOS operating system and the company's proprietary FortiASIC security processors.

The broader product set includes:
- Switching and wireless access (FortiSwitch, FortiAP).
- Endpoint, email and web application security (FortiClient, FortiEDR, FortiMail, FortiWeb).
- Network access control (FortiNAC).
- Cloud security (FortiCNAPP, FortiCloud).
- Secure access service edge (FortiSASE).
- Management and analytics (FortiManager, FortiAnalyzer).
- The Linksys networking brand.

Revenue comes from product sales (hardware and software) and from services. Services consist mainly of FortiGuard security subscriptions and FortiCare technical support, which create large deferred revenue balances.

The company is increasingly targeting AI security. Recent offerings include the FortiGuard Inline AI Security Service and FortiAIGate, along with partnerships with NVIDIA, Oracle and Microsoft's Sovereign Partner Ecosystem.

FortiGuard Labs provides threat intelligence and research using machine learning and AI. The Fortinet Training Institute delivers cybersecurity training programs. Updated

Revenue by Segment · Q3 2026
  1. Service Revenue63%
  2. Product Revenue37%

Latest Activity

the cybersecurity wars · 5y
$10K invested in each — worth today:
PANW$44.9K4.5×
FTNT$20.7K2.1×

Five years in the cybersecurity wars: $10,000 in Palo Alto Networks is now $44,853, while the same bet on Fortinet sits at $20,678. Same sector, same window, more than double the payoff.

Read more
Biggest movers · At the close
Gainers
  • FVRRFiverr International$9.03+11.7%
  • CAVACava$59.05+8.8%
  • LNGCheniere Energy$320.85+7.8%
  • LLYEli Lilly$1,374.21+6.7%
  • APPSDigital Turbine$10.56+6.5%
Losers
  • NOWServiceNow$110.3-26.5%
  • FTNTFortinet$137.93-20.8%
  • MRVLMarvell Technology$218.95-13.0%
  • GOOGLGoogle$283.7-12.7%
  • GOOGGoogle$282.03-12.4%

ServiceNow closed down 26.53%, the deepest drop across 382 priority names and more than a quarter of its value gone in one session.

Read more
FTNTFortinet
Regular session
$135.75
+6.22%open $127.80

A 6.22% jump to $135.75 follows Q3 results and a fresh $1.2 billion buyback authorization filed with the SEC, adding roughly $6 billion to a $99 billion name in one session. Peers in cybersecurity are not moving with it.

Read more
FTNTFortinet
Regular session
$139.19
+8.91%open $127.80

An 8.91% intraday jump to $139.19 follows a fresh $1.2 billion repurchase authorization from the board, a rare single-day move for a $102 billion security name. Keep an eye on whether the bid holds once the buyback headline fades.

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Biggest movers · On the open
Gainers
  • LLYEli Lilly$1,387.74+7.7%
  • FVRRFiverr International$8.62+6.6%
  • CAVACava$57.35+5.7%
  • MRKMerck &$148+5.0%
  • LNGCheniere Energy$312.37+4.9%
Losers
  • NOWServiceNow$113.7-24.3%
  • FTNTFortinet$131.87-24.3%
  • GOOGLGoogle$281.45-13.4%
  • GOOGGoogle$279.19-13.3%
  • MRVLMarvell Technology$219.79-12.7%

A 32-point gap separates the best and worst names in a 381-stock universe today: ServiceNow and Fortinet both shed roughly 24% while Eli Lilly leads the upside at 7.72%. Positioning set for a quiet session is already wrong.

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Biggest movers · At the close
Gainers
  • VRTVertiv$243.72+16.9%
  • SKHYSK hynix$164.45+13.1%
  • ORCLOracle$145.27+11.3%
  • FNFabrinet$368.47+7.4%
  • SNDKSanDisk$1,400.83+7.4%
Losers
  • BKRBaker Hughes$54.78-7.2%
  • BSXBoston Scientific$42.25-6.3%
  • SANBanco Santander$11.71-6.1%
  • FTNTFortinet$174.37-5.8%
  • GRMNGarmin$272.79-5.7%

Vertiv closed up 16.86% at $243.72, the widest single-name gain across our 382-stock priority list today.

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FTNTFortinet
Buyback expanded$1.2B0.9% of the company · open-ended

Fortinet just added $1.2 billion to its existing repurchase authorization, stacking on top of what was already in place.

Read more
FTNTFortinet
After-hours
$173.33
-6.05%open $184.50

A 6.05% drop to $173.33 is roughly $8 billion of market value off a $127 billion cybersecurity name in a single session. Moves this size are rare here, so the after-hours level is the one to watch into tomorrow's open.

Read more
FTNTFortinet
After-hours
$168.62
-7.53%open $182.35

A 7.53% drop to $168.62 takes roughly $9 billion off a $123.7 billion cybersecurity heavyweight, a rare single-session hit for a name this size. Keep an eye on whether it holds that level into the next open.

Read more
FTNTFortinet
Regular session
$168.40
-7.65%open $182.35

A 7.65% slide to $168.40 erases roughly $10 billion of market value in a single session, an outsized day for a $123.6 billion cybersecurity name. Whether the $182 open gets reclaimed is the level to watch.

Read more

FTNT Coverage

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Frequently Asked Questions

What does Fortinet do?

Fortinet is a cybersecurity company focused on the convergence of networking and security. It sells an integrated portfolio of more than 50 enterprise-grade products to over one million lifetime customers, including enterprises, service providers and government organizations.

What is the FTNT stock price target?

24/7 Wall St.'s 12-month price target for FTNT is $158.28, rated Buy. The Wall Street consensus target is $145.71. FTNT price prediction →