Fortinet (FTNT)

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Fortinet, Inc. is a global cybersecurity company best known for its network security hardware, software, and subscription services. The company provides protection for enterprises, service providers, government agencies, and small and medium-sized businesses as they manage increasingly distributed IT environments. Its technology portfolio covers secure networking, firewall protection, cloud security, endpoint protection, zero-trust access, and security operations.

Fortinet’s flagship FortiGate firewalls and FortiOS operating system sit at the center of its Security Fabric platform, which is designed to connect multiple security tools into a unified architecture. This platform approach helps customers secure data centers, branch offices, cloud workloads, remote workers, and operational technology environments. The company also offers products for secure SD-WAN, intrusion prevention, email security, identity access, endpoint detection, and security information management.

A significant portion of Fortinet’s business comes from recurring subscriptions and support services, which are sold alongside appliances and software licenses. These services include threat intelligence, security updates, technical support, and advanced protection features. The mix of product sales and recurring security services gives Fortinet exposure to both infrastructure spending and long-term cybersecurity demand.

Headquartered in California, Fortinet serves a large global customer base and competes with other major cybersecurity vendors across network security, cloud security, and managed security markets. Its differentiation rests on high-performance security appliances, broad product integration, and a platform designed to reduce complexity for customers. Demand for Fortinet’s products is shaped by cyber threats, digital transformation, hybrid work, cloud adoption, and the need for enterprises to protect increasingly complex networks.

138.88 USD
135.00 USD
+0.49 (+0.35%)
After-hours

Last updated

Market Cap
101.39B
P/E
51.88
P/FCF
41.63
P/S
14.26
Enterprise Value
99.66B
Sector
Information Technology
Industry
Systems Software
Address
909 KIFER ROAD, SUNNYVALE, CA, 94086
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22 Apr 2026, 00:30 AM
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Industrial Control System (ICS) Security Market to Reach USD 41.82 Billion by 2033 Amid Rising Cyber Threats to Critical Infrastructure | SNS Insider

20 Jan 2026, 11:23 AM
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Fortinet to Announce Fourth Quarter and Full Year 2025 Financial Results

05 Jan 2026, 19:30 PM
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FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

21 Nov 2025, 22:30 PM
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Deadline Alert: Fortinet, Inc. (FTNT) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

18 Nov 2025, 22:30 PM
GlobeNewswire Inc.

Fortinet, Inc. Class Action: Levi & Korsinsky Reminds Fortinet, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 21, 2025 – FTNT

15 Nov 2025, 02:30 AM
GlobeNewswire Inc.

FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

13 Nov 2025, 22:30 PM
GlobeNewswire Inc.

FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

06 Nov 2025, 22:30 PM
GlobeNewswire Inc.

FTNT DEADLINE: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Fortinet, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – FTNT

06 Nov 2025, 05:51 AM
GlobeNewswire Inc.

Fortinet, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before November 21, 2025 to Discuss Your Rights – FTNT

06 Nov 2025, 04:27 AM
GlobeNewswire Inc.

ROSEN, NATIONAL TRIAL ATTORNEYS, Encourages Fortinet, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FTNT

02 Nov 2025, 21:33 PM
GlobeNewswire Inc.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Fortinet, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FTNT

31 Oct 2025, 04:37 AM
GlobeNewswire Inc.

FTNT INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fortinet, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

30 Oct 2025, 21:30 PM
GlobeNewswire Inc.

Fortinet, Inc. INVESTOR ALERT: Kirby McInerney LLP Reminds Fortinet, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit

30 Oct 2025, 03:30 AM
GlobeNewswire Inc.

FORTINET CLASS ACTION REMINDER: Bragar Eagel & Squire, P.C. Reminds Fortinet Investors of the November 21st Deadline

30 Oct 2025, 03:16 AM
Market Cap
101.39B
Enterprise Value
99.66B
P/E
51.88
P/B
102.45
P/S
14.26
EV / EBITDA
36.81
EV / Sales
14.02
EPS
2.67
Dividend Yield
0%
P/FCF
41.63
P/CF
36.15
Free Cash Flow
2.44B
ROE
197.48%
ROA
19.78%
Debt / Equity
0.5
Current Ratio
1.15
Quick Ratio
1.07
Cash
0.48
Avg Volume
6.49M
Fundamentals Snapshot Price
138.39

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 1.85B 1.91B 1.72B 1.63B 1.54B
Gross profit 1.49B 1.52B 1.39B 1.32B 1.25B
Operating income 578.6M 615.2M 547.3M 458M 447.5M
EBITDA 712.6M 745M 831.7M 418.3M 561.3M
Net income 534.5M 506M 473.9M 440.1M 433.4M
Basic EPS 0.72 0.68 0.63 0.57 0.56
Diluted EPS 0.72 0.67 0.62 0.57 0.56

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 9.88B 10.39B 9.36B 10.64B 10.41B
Total liabilities 8.89B 9.15B 8.63B 8.58B 8.44B
Total equity 989.7M 1.24B 735.1M 2.06B 1.96B
Cash & equivalents 2.22B 2.5B 2B 3.37B 3.6B
Current assets 5.33B 5.9B 4.91B 6.35B 6.44B
Current liabilities 4.62B 5.03B 4.79B 4.78B 4.73B

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 1.08B 620.2M 655.2M 451.9M 863.3M
Investing cash flow -5.7M -46.3M -175.8M -266.2M -110.8M
Financing cash flow -1.34B -72.7M -1.85B -414.2M -32.7M
Change in cash -271.5M 499.6M -1.37B -228.1M 720.7M
Kind Filing Date Link
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edgar index 4 — Fortinet, Inc. View Filing
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edgar index 4 — Fortinet, Inc. View Filing
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edgar index 144 — Fortinet, Inc. View Filing