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NASDAQ · Technology · Profile

Fortinet, Inc. (FTNT) stock profile and business model

What Fortinet, Inc. does, how the business earns money, and how valuation, peers, ownership, and risk shape the TECHi profile.

Section freshness

Price Sep 4, 4:00 PM EDT · Statements Jun 29, 8:00 PM EDT

Investor profile snapshot

FTNT live price, business model and key metrics

Start with the live market print, then use this profile to connect Fortinet, Inc.'s operating model with revenue, margins, peer context, and investor risk.

Market closedLatest regular-session print

$156.29

-$0.0700(-0.04%)4:00 PM ET - vs previous closei

Quote as of Sep 4, 2026, 4:00 PM EDT

NASDAQ market is closed. Showing the latest available regular-session trade from Sep 4, 2026, 4:00 PM EDT.

Market data source

Today51%
$154.00L Sep 4 '26$158.47H Sep 4 '26
52-week82%
$73.55$173.89
Long-term ranges5Y, 10Y, Since first print
5Y87%
$42.61L Nov 3 '22$173.89H Aug 27 '26
10Y90%
$5.70L Dec 22 '16$173.89H Aug 27 '26
Since first print90%
$1.47L Jul 13 '10$173.89H Aug 27 '26

1Y · USD · 255 pts

$156.29

+103.16%Open summary
Market-data preview · Sep 25 to Sep 261-year price range
FTNT one-year price chartServer-rendered SVG chart showing FTNT price history.
1Y High$173.891Y Low$73.55

FTNT one-year SVG chart preview from 2025-09-02 to 2026-09-04.

Live price

$156.29

Live during market hours

Market cap

$114.67B

Equity scale

Analyst view

Hold

Target $162.29 (+3.84% implied)

Company · Profile

About Fortinet, Inc. (FTNT)

Sector, leadership, and how Fortinet, Inc. earns its revenue.

FTNT logo

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.

Sector
Technology
Industry
Software - Infrastructure
Country
US
Founded
2006
Employees
15,472
CEO
Ken Xie
Exchange
NASDAQ

Business identity

Fortinet, Inc. company facts and operating footprint

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.

Sector
Technology
Industry
Software - Infrastructure
Founded
2006
Employees
15,472
CEO
Ken Xie
Country
US
Exchange
NASDAQ
Registration and filing identifiersShow
Asset type
Common Stock
Fiscal year end
December
Latest quarter
Jun 30, 2026
CIK
0001262039

Key metrics

FTNT valuation, revenue and margin profile

Full statistics
Market cap
$114.67B
Equity scale
Revenue TTM
$7.53B
Trailing twelve months
Net margin
28.17%
Profit after expenses
Revenue growth
25.64%
Latest YoY quarter
Free cash flow
$965.60M
Reported in USD

Margin quality snapshot

Gross margin80.20%
Operating margin32.44%
Net margin28.17%

Competitors

FTNT competitors and peer context

TickerCompanyPriceMove
MSFTMicrosoft Corp.$499.70-2.04%
ORCLOracle Corp.$158.78+3.08%
CRWDCrowdStrike Holdings$213.10-0.87%
NOWServiceNow Inc.$141.26-2.97%

Risk heatmap

FTNT business risks investors should monitor

Valuation sensitivity

High

55.23x

A premium multiple leaves less room for execution misses or slower growth.

Balance-sheet flexibility

Monitor

D/E 0.32 · CR 1.28

Debt load and near-term liquidity shape how much strategic patience the company has.

Growth durability

Monitor

25.64%

Latest YoY revenue growth is the first check on whether the business model is still expanding.

Market sensitivity

Monitor

Beta 1.06

Higher beta can amplify drawdowns when rates, earnings expectations, or sector appetite shift.

Regulatory and operating pressure

Elevated

Technology

Platform rules, AI governance, export controls, and supply-chain constraints can move product timing, margins, or addressable markets.

FTNT ownership and registration profile

Float shares
618.90M
Insider ownership
17.36%
Institutional ownership
71.69%
Address
899 Kifer Road, Sunnyvale, CA, 94086, US

Size & scale

Market cap
$114.67B
Enterprise value
$112.23B
Shares outstanding
733.71M
Currency
USD

Frequently asked

Common questions.

What does Fortinet, Inc. do?

The FTNT Profile page keeps the available company description, sector, industry, leadership, headquarters, workforce, and product context together.

Where does TECHi source the FTNT profile?

Profile fields come from the unified company record and provider data; unavailable identity fields remain blank rather than inferred.