Business Description
ISIN : US34959E1091
Share Class Description:
FTNT: Ordinary SharesTotal Employee Number:
15,472Financial Strength
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 8.19 | |||||
Equity-to-Asset | 0.14 | |||||
Debt-to-Equity | 0.32 | |||||
Debt-to-EBITDA | 0.18 | |||||
Interest Coverage | 135.68 | |||||
Piotroski F-Score | 5/9 | |||||
Altman Z-Score | 9.05 | |||||
Beneish M-Score | -2.85 | |||||
WACC vs ROIC | ||||||
Growth Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 17.5 | |||||
3-Year EBITDA Growth Rate | 33.9 | |||||
3-Year EPS without NRI Growth Rate | 32.4 | |||||
3-Year FCF Growth Rate | 17.4 | |||||
Future 3-5Y EPS without NRI Growth Rate Estimate Industry Rank | 15.52 | |||||
Future 3-5Y Total Revenue Growth Rate Estimate | 13.74 |
Momentum Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 45.43 | |||||
9-Day RSI | 47.57 | |||||
14-Day RSI | 48.92 | |||||
3-1 Month Momentum % | 11.61 | |||||
6-1 Month Momentum % | 90.8 | |||||
12-1 Month Momentum % | 98.66 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 1.28 | |||||
Quick Ratio | 1.19 | |||||
Cash Ratio | 0.84 | |||||
Days Inventory | 99.31 | |||||
Days Sales Outstanding | 68.05 | |||||
Days Payable | 59.69 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Average Share Buyback Ratio | 1.7 | |||||
Shareholder Yield % | 2.62 |
Profitability Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 80.2 | |||||
Operating Margin % | 32.44 | |||||
Net Margin % | 28.17 | |||||
EBITDA Margin % | 37.19 | |||||
FCF Margin % | 41.41 | |||||
OCF Margin % | 45.12 | |||||
ROE % | 161.3 | |||||
ROA % | 20.74 | |||||
ROIC % | 23.5 | |||||
3-Year ROIIC % | 19.32 | |||||
ROC (Joel Greenblatt) % | 161.79 | |||||
ROCE % | 48.76 | |||||
Years of Profitability over Past 10-Year | 10 | |||||
Moat Score | 8 | |||||
Tariff Resilience Score | 8 |
GF Value Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
PE Ratio | 55.57 | |||||
Forward PE Ratio | 41.64 | |||||
PE Ratio without NRI | 48.27 | |||||
Shiller PE Ratio | 131.53 | |||||
Price-to-Owner-Earnings | 45.79 | |||||
PEG Ratio | 1.27 | |||||
PS Ratio | 15.66 | |||||
PB Ratio | 74.45 | |||||
Price-to-Tangible-Book | 95.08 | |||||
Price-to-Free-Cash-Flow | 37.77 | |||||
Price-to-Operating-Cash-Flow | 34.67 | |||||
EV-to-EBIT | 42.5 | |||||
EV-to-Forward-EBIT | 31.03 | |||||
EV-to-EBITDA | 40.09 | |||||
EV-to-Forward-EBITDA | 28.62 | |||||
EV-to-Revenue | 14.91 | |||||
EV-to-Forward-Revenue | 12.1 | |||||
EV-to-FCF | 36.01 | |||||
Price-to-GF-Value | 1.49 | |||||
Price-to-Projected-FCF | 4.23 | |||||
Price-to-DCF (Earnings Based) | 1.55 | |||||
Price-to-DCF (FCF Based) | 1.21 | |||||
Price-to-Median-PS-Value | 1.63 | |||||
Price-to-Peter-Lynch-Fair-Value | 1.94 | |||||
Price-to-Graham-Number | 14.32 | |||||
Earnings Yield (Greenblatt) % | 2.35 | |||||
FCF Yield % | 2.69 | |||||
Forward Rate of Return (Yacktman) % | 21.59 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
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Fortinet Inc Executives
DetailsAnalyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 7,527.4 | ||
| EPS (TTM) ($) | 2.84 | ||
| Beta | 0.8224 | ||
| 3-Year Sharpe Ratio | 0.84 | ||
| 3-Year Sortino Ratio | 2.31 | ||
| Volatility % | 63.04 | ||
| 14-Day RSI | 48.92 | ||
| 14-Day ATR ($) | 6.942605 | ||
| 20-Day SMA ($) | 158.93 | ||
| 12-1 Month Momentum % | 98.66 | ||
| 52-Week Range ($) | 73.55 - 173.8899 | ||
| Shares Outstanding (Mil) | 733.71 |
Piotroski F-Score Details
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 5 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Fortinet Inc Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
Fortinet Inc Stock Events
| Event | Date | Price ($) | ||
|---|---|---|---|---|
| Annual report for 2026 | 2027-02-25 | In 169 days | ||
| Fourth quarter earnings conference call for 2026 | 2027-02-05 16:30 | In 150 days | ||
| Fourth quarter earnings results for 2026 | 2027-02-05 | In 149 days | ||
| Third quarter earnings conference call for 2026 | 2026-11-05 16:30 | In 58 days | ||
| Third quarter earnings results for 2026 | 2026-11-05 | In 57 days | ||
| Goldman Sachs Communacopia + Technology Conference | 2026-09-08 | 156.29 (+1.03%) | ||
| Rosenblatt Technology Summit: The Age of AI | 2026-08-17 10:00 | 160.01 (-3.46%) | ||
| Second quarter earnings conference call for 2026 | 2026-07-29 16:30 | 149.98 (-1.72%) | ||
| Second quarter earnings results for 2026 | 2026-07-29 | 149.98 (-1.72%) | ||
| General meeting for 2026 | 2026-06-12 10:00 | 145.06 (+2.87%) |
Fortinet Inc Frequently Asked Questions
Guru Commentaries on NAS:FTNT
Fortinet's strong performance in Q2/2026, with stock gains between 88% and 113%, reflects its position as a key player in the cybersecurity sector amidst rising AI demand. The company beat expectations on results and outlook, with management highlighting an increasingly complex threat environment intensified by AI as a driving force for growth. This aligns with our investment case that leading cybersecurity firms like Fortinet will play an even more critical role in cyber defense, countering fears that AI tools would displace them. We believe growth rates at Fortinet will accelerate for years to come.
Fortinet Inc (FTNT) was one of our strongest performers this quarter, and we continue to hold this position, actively buying it back if called away, as we still view it as having attractive value relative to peers. The AI investment theme remains powerful, and Fortinet is well positioned to benefit from the ongoing developments in this area. We believe that the Equity Income strategy is well positioned to take advantage of current market conditions, which bodes well for Fortinet's future performance.
Fortinet, Inc. (FTNT) is the worldwide market share leader in network security firewalls (by units). During the quarter, the company posted solid results, but also said they were much further along the refresh cycle than investors were expecting. This resulted in significant share pressure as revenue growth estimates for 2026 and 2027 were revised lower. The market's reaction reflects concerns about the company's future growth trajectory amidst a challenging environment for software companies.
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