FTNT - Fortinet, Inc. | BullzEye View

FTNT

$164.51 2.32 (-1.39%)

After Hours: $164.51 +0.00 (+0.00%)

Last updated: Jul 15, 2026 23:00

52-Week Range

$164.51

$70.12 $164.51 $170.35

Fundamentals Overview

Fortinet, Inc. is near the high of its 52-week range with premium valuation, trading relatively flat today.

Valuation premium

P/E 62.5 PEG 15.62 P/B 122.8 P/S 16.95

Intrinsic value (DCF)

-52.2% downside vs price

Profitability

Net margin 27.5%

Risk (Beta)

1.09 — in line vol

Earnings & growth

EPS $2.63 Rev -2.9% Profit +5.6% vs prior qtr

BullzEye Analysis

Our composite tilts Hold on technicals (e.g. RSI, ADX, trend), fundamentals, sentiment, sector and index context, and risk.

Composite Signal

Sell

Buy

Hold — 52% confidence Risk: Moderate Volatility — Beta 1.09. Diversify and only invest what you can afford to lose.

Supporting (Buy):

Analyst grade: B+ · 3M vs S&P 500: +98.9% · 3M vs Technology sector: +84.2%

Pressures (Sell):

DCF 52.2% downside vs price · Sentiment weakening (2 downgrades)

Not financial advice. For education and research only; do your own research and consider a financial advisor before investing.

Key Stats

Market Cap

$120.53B

P/E (TTM)

62.52

EPS (TTM)

$2.63

Dividend Yield

N/A

52-Week Range

$70.12 - $170.35

Volume vs Avg

N/A

Beta

1.09

About

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network...

Sector: Technology

Headquarters: US

Employees: 15,109

IPO Date: Nov 2009

Website: www.fortinet.com

Beta: 1.09 (More volatile than market)

Ratings & Grades at a Glance

Overall rating: B+. Recent institutional grades: majority downgrades. Current institutional positions: Buy: 9, Equal Weight: 4, Hold: 1, In Line: 1, Market Perform: 2, Neutral: 6, Reduce: 1, Sector Perform: 2, Underperform: 2, Underweight: 2.

Financial story & AI narrative

Open this tab to load the financial story.

Valuation & Ratios

Valuation, liquidity, and profitability metrics are consolidated here (including ratios that previously appeared in the Financials story). Trailing (TTM) vs forward-looking (e.g. DCF) is noted on each line where it matters.

DCF vs price: DCF estimate is $78.64; current price is $164.51. That’s a -52.2% gap. When the gap is large (e.g. >20%), that’s divergence; when they’re close, that’s convergence. Differences can reflect growth expectations, sector premiums, or conservative vs. optimistic assumptions. Use DCF as one input alongside technicals and sentiment.

Metric	Value
Valuation
P/E (TTM)	62.52
DCF value (model)	$78.64 (-52.2% vs price)
PEG (TTM)	15.62
P/B (TTM)	122.8
P/S (TTM)	16.95
P/FCF (TTM)	49.49
Liquidity & enterprise
Current Ratio (TTM)	1.15
Quick Ratio (TTM)	1.07
Cash Ratio (TTM)	0.48
Profitability
ROE (TTM)	N/A
ROA (TTM)	N/A
Revenue growth (YoY)	N/A
Net margin (TTM)	27.49%
Gross margin (TTM)	80.67%
Operating margin (TTM)	31.06%
Debt to equity (TTM)	N/A

Latest News

News loads when you open this tab.

Price Target, Ratings & Grades

Analyst price targets, consensus, rating snapshot, and institutional grades for FTNT.

Analyst Sentiment at a Glance

B+ Sentiment Weakening

Buy 9Equal Weight 4Hold 1In Line 1Market Perform 2Neutral 6Reduce 1Sector Perform 2Underperform 2Underweight 2

1 upgrade, 2 downgrades

Price Target Consensus

Current $164.51

Median $100.00

Consensus $105.57

Low consensus $70.00

High consensus $186.00

Stock Grades (Institutions)

Institution	Action	Previous Grade	New Grade	Date
Barclays	maintain	Equal Weight	Equal Weight	2026-07-13
TD Cowen	maintain	Buy	Buy	2026-07-13
BTIG	maintain	Buy	Buy	2026-07-10
HSBC	downgrade	Hold	Reduce	2026-06-30
Barclays	maintain	Equal Weight	Equal Weight	2026-06-12
TD Cowen	maintain	Buy	Buy	2026-06-08
B of A Securities	maintain	Buy	Buy	2026-06-08
BTIG	maintain	Buy	Buy	2026-05-26
Susquehanna	maintain	Neutral	Neutral	2026-05-08
Barclays	maintain	Equal Weight	Equal Weight	2026-05-08
Citigroup	maintain	Neutral	Neutral	2026-05-08
Rosenblatt	maintain	Buy	Buy	2026-05-07
Evercore ISI Group	maintain	In Line	In Line	2026-05-07
Truist Securities	maintain	Buy	Buy	2026-05-07
JP Morgan	maintain	Underweight	Underweight	2026-05-07
RBC Capital	maintain	Sector Perform	Sector Perform	2026-05-07
Scotiabank	maintain	Sector Perform	Sector Perform	2026-05-07
Piper Sandler	maintain	Neutral	Neutral	2026-05-07
Stephens & Co.	maintain	Equal Weight	Equal Weight	2026-05-07
UBS	maintain	Neutral	Neutral	2026-05-07
BTIG	upgrade	Neutral	Buy	2026-05-07
TD Cowen	maintain	Buy	Buy	2026-05-07
Wells Fargo	maintain	Underweight	Underweight	2026-05-07
Mizuho	maintain	Underperform	Underperform	2026-05-07
BMO Capital	maintain	Market Perform	Market Perform	2026-05-04
Cantor Fitzgerald	maintain	Neutral	Neutral	2026-04-21
Mizuho	maintain	Underperform	Underperform	2026-04-14
Freedom Broker	downgrade	Buy	Hold	2026-02-17
BMO Capital	maintain	Market Perform	Market Perform	2026-02-09
Citigroup	maintain	Neutral	Neutral	2026-02-09