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Fortinet Inc. (FTNT) Stock Price & Market Analysis

FTNT · NASDAQ · Software - Infrastructure

Market closedLatest available session print

$118.84

▼ -$3.67(-3.00%)4:00 PM ET - vs previous close

Quote as of Nov 6, 2026, 4:00 PM EST

Regular-session close · Nov 6, 2026, 4:00 PM EST.

Last session3%
$118.62L Nov 6 '26$126.31H Nov 6 '26
52-week range37%
$73.55L Jan 20 '26$197.13H Oct 13 '26
Long-term rangesAvailable history
Available history(2009-11-18)60%
$1.47L Jul 13 '10$197.13H Oct 13 '26

Historical range: 2009-11-18–2026-11-06. Earlier trading may not be included.

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Data dates

PriceAt closeLast traded

FundamentalsLast checked

AnalystLast checked

NewsLatest item

Reported fundamentals

FTNT financial overview

Annual revenue

USD 6.8B

Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.

Revenue change

+14.2%

Change versus the fiscal year ended Dec 31, 2024.

Net profit margin

27.3%

Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.

These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.

Company · ProfileAbout Fortinet Inc. (FTNT)Sector, leadership, and how Fortinet Inc. earns its revenue.

Fortinet Inc.

NASDAQ · FTNT · US

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 (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Company overview as of Nov 8, 2026.

Sector
Technology
Industry
Software - Infrastructure
Headquarters
Sunnyvale, CA, United States
Country
US
Employees
15,311
CEO
Mr. Ken Xie
Exchange
NASDAQ
Business model & operating resultsExplore business exposure, reported operating measures and the figures behind growth and profitability claims.

Company website ↗

Narrative versus numbers

Demand is expanding

Supporting observation: 20.5%

Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · Source timestamp: Sep 30, 2026

Growth produces accounting profit

Supporting observation: 29.0%

Net margin; the source did not supply a reporting period. Do not compare this reading with the quarterly or fiscal-year figures above. A positive margin does not establish cash generation. · Source timestamp: Nov 8, 2026, 7:43 PM EST

The business generates cash after investment

Supporting observation: USD 881.8M

Latest free cash flow from the statement feed. It is not a forecast and may cover a different period from the fiscal-year figures above. · Source timestamp: Sep 30, 2026

These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.

Operating measures

Revenue
$2.08Bquarter ended Sep 30, 2026
Gross margin
79.0%quarter ended Sep 30, 2026
Operating margin
33.9%quarter ended Sep 30, 2026
EPS
$0.86quarter ended Sep 30, 2026
Capital expenditure
$64.20Mquarter ended Sep 30, 2026
Free cash flow
$881.80Mquarter ended Sep 30, 2026
Free cash flow margin
42.4%quarter ended Sep 30, 2026
Operating cash / net income
1.49×quarter ended Sep 30, 2026
Revenue growth year over year
20.5%quarter ended Sep 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.

Governance & sustainability

Find proxy statements and annual reports

Data sources: Alpha Vantage · Financial Modeling Prep · Finnhub · SEC Companyfacts · Yahoo Finance

Market data is for information only and is not trading advice. Prices and fundamentals may be delayed, reflect an earlier observation, be incomplete, or be revised. Read the data methodology or the full disclaimer.
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