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USTechnology

Fortinet Inc (FTNT)

US · Technology · Software - Infrastructure

$172.58+0.47%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$2.05B
Revenue YoY
+25.6%
Net profit
$606.3M
Profit YoY
+37.8%
EPS
$0.81
EPS estimate
$0.66
Net margin
29.6%

EPS came in at 0.81 against a street estimate of 0.66 — a beat of 22.7%.

Key statistics

Market cap
$126.03B
P/E
60.9
Forward P/E
44.4
P/B
81.54
Book value
$2.11
EPS (TTM)
$2.82
52-week high
$176.10
52-week low
$73.55
50-day MA
$159.72
200-day MA
$112.99
Beta
1.06

Analyst view

Analysts rate Fortinet Inc a hold (16 buy, 27 hold, 2 sell out of 45) with an average price target of $163.12.

From the latest earnings call · 2026-07-29

CONFIDENT Fortinet delivered Q2 2026 results beating guidance on billings (+33%), product revenue (+52%), and margins. Management raised full-year guidance citing durable AI, SASE Firewall, and OT growth trends. Free cash flow tripled to $966M. Q2 2026 Sovereignty theme concentrated in EMEA and public sector globally, playing into Fortinet's market strength in regions and segments. Analysts pressed durability of 50%+ product growth, price increase headwinds, and SASE component mix. Management attributed acceleration to SASE Firewall convergence, AI east-west traffic, and OT infrastructure modernization—all durable multi-year themes. No 2027 numbers provided; management cited data privacy and sovereign SASE as net new opportunities offsetting traditional refresh cycles. 2026-07-29…

Full summary in the app.

Shareholding

Insiders
17.36%
Institutions
71.56%

Largest institutional holders

FundStake
BlackRock Inc8.45%
Vanguard Capital Management, LLC5.42%
State Street Corp3.94%
Amvescap Plc.3.48%
Vanguard Portfolio Management, LLC3.41%
Geode Capital Management, LLC2.38%
Bank of New York Mellon Corp1.82%
NORGES BANK1.70%

Recent filings & reports

DocumentDate
Quarterly report · Q2 2026
FORTINET, INC. – QUARTERLY REPORT SUMMARY (Q2 2026) HEADLINE NUMBERS • Total Revenue (Q2 2026): $2,047.9 million, up 25.6% from $1,630.0 million in
2026-07-30
Results announced · Q3 2026
FORTINET Q2 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Q2 2026 Revenue: $2.05 billion, up 26% year-over-year (exceeded high-end guidance) • Product Re
2026-07-29
Shareholder vote results · Q2 2026
FORTINET, INC. - ANNUAL STOCKHOLDER MEETING SUMMARY HEADLINE NUMBERS • Annual Stockholder Meeting held June 12, 2026 • Attendance: 645,371,440 share
2026-06-16
Quarterly report · Q1 2026
FORTINET, INC. — Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Total Revenue Q1 2026: $1,849.6 million (up 20% vs Q1 2025: $1,539.7 million) - Product r
2026-05-08
Results announced · Q2 2026
FORTINET Q1 2026 EARNINGS SUMMARY HEADLINE NUMBERS • Total revenue: $1.85 billion, up 20% year-over-year • Product revenue: $645 million, up 41% yea
2026-05-06
Proxy statement · Q2 2026
FORTINET, INC. – PROXY STATEMENT SUMMARY FOR RETAIL INVESTORS --- CEO COMPENSATION & CHANGES • Ken Xie (Founder/CEO/Chairman) total compensation fo
2026-04-29
Annual report FY2025
FORTINET, INC. - FORM 10-K SUMMARY FOR RETAIL INVESTORS HEADLINE NUMBERS • Total Revenue (Year Ended December 31, 2025): $6.80 billion • Net Income
2026-02-25
Results announced · Q1 2026
FORTINET Q4 2025 FINANCIAL RESULTS SUMMARY HEADLINE NUMBERS • Q4 2025 revenue: $1.91 billion, up 15% year-over-year • Full year 2025 revenue: $6.80
2026-02-05

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Data updated 2026-09-18.