Fortinet, Inc. (FTNT)

Technology
Software - Infrastructure
United States
Yahoo Finance  •  Trading View  •  Company site
Price
$83.58
▲ 0.50 (0.60%)
Market Cap
$64,044,519,424
Shares: 764,400,000
P/E
41.38
P/B: 48.35
ROE
116.83%
Current Ratio: 1.47
Fundamentals Score
65 (NEUTRAL)

Company Overview

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Headquarters: 909 Kifer Road, Sunnyvale, CA, 94086, United States  |  Employees: 14898  |  Website: fortinet.com
Key Contacts
IR / Phone: 408 235 7700
Exchange: NMS
Industry: Software - Infrastructure
Quick Financial Snapshot
Revenue$5,955,800,000
Net Income$1,745,200,000
Free Cash Flow$1,879,200,000
Book Value / Share$1.95

Balance Sheet & Liquidity

Total Liabilities$8,269,300,000
Total Equity$1,493,800,000
Debt / Equity0.67
Current Ratio1.47
Interest Coverage90.17
Working Capital$1,910,800,000

Valuation Metrics

Core multiples and valuation signals — useful to compare vs peers.

P/E (TTM)41.38
Industry P/EN/A
Forward P/E34.68
P/B48.35
Price / Sales12.13
P / FCF38.43
EV / EBITDA31.95
Graham Number$10.02
DCF (placeholder)
Notes: red items typically indicate expensive multiples relative to fundamentals. Use the "Compare with industry" tool for context.

EPS (Annual)

Financial Performance

Revenue vs Net Income

Free Cash Flow (annual)

Profitability & Efficiency

Gross Margin 80.56%
Operating Margin 30.28%
Net Margin 29.30%
ROIC 27.20%
Asset Turnover 0.61

Automated Fundamental Signals (Score: 65)

Passed
  • EPS shows upward trend
  • EPS CAGR 39.62%
  • Price CAGR 29.63%
  • ROIC 27.2%
  • Gross Margin 80.6%
  • Operating Margin 30.3%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
Failed
  • P/FCF 38.43
  • P/B Ratio 48.35
  • Debt/Equity ratio
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Overvalued)

Price Chart (Candlestick)

Technical Analysis (Score: 50)

RSI (14)48.83
SMA 5081.27
SMA 20096.35
MACD0.37
Signal NEUTRAL
RSI 48.8, SMA trend bearish, momentum 0.9%.

Governance & Management

Governance scores: Audit: 1 | Board: 7 | Compensation: 7 | Shareholder Rights: 5
Executive Team
NameTitle
Mr. Ken Xie Co-Founder, Chairman & CEO (1963)
Mr. Michael Xie Co-Founder, President, CTO & Director (1969)
Mr. John Whittle J.D. Chief Operating Officer (1969)
Ms. Christiane Ohlgart Chief Accounting Officer, CFO and Principal Financial & Accounting Officer (1968)
Aaron Ovadia Senior Director of Investor Relations (—)
Mr. Robert May Executive Vice President of Technology & Product Management (—)
Mr. Joe Sarno Executive Vice President of International Sales (—)
Mr. Carl Windsor Chief Information Security Officer (—)
Governance data last updated: 10/1/2025

Latest News

No news available for this company.

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