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.

Fortinet Inc. (FTNT) Stock Price & Market Analysis
FTNT · NASDAQ · Software - Infrastructure
$118.84
▼ -$3.67(-3.00%)4:00 PM ET - vs previous closeQuote as of Nov 6, 2026, 4:00 PM EST
Regular-session close · Nov 6, 2026, 4:00 PM EST.
Long-term rangesAvailable historyHide
Historical range: 2009-11-18–2026-11-06. Earlier trading may not be included.
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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.Technology
Fortinet Inc.
NASDAQ · FTNT · US
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.
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
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Next open: 2026-11-09 · 9:30 AM America/New_York
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