FTNT

Fortinet

Fundamental data last updated:March 30, 2026

company profile

SECTOR

Technology

industry

Software - Infrastructure

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/06/26

Business Summary

Fortinet is a cybersecurity company that provides network security solutions, including firewalls, secure networking, and threat intelligence products. It serves enterprises, service providers, and government organizations with integrated security platforms designed to protect digital infrastructure.

VALUATION

P/E

32.4

Market Cap ($M USD)

$57,862

Forward P/E

23.6

PEG

0.8

PRICE TO SALES

8.8

PRICE TO BOOK

46.7

EV / EBITDA

22.5

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

$2.45

Next Year EPS Growth Estimate

$3.31

Next Year Revenue Growth Estimate

10.60%

Return on Equity (ROE)

149.80%

Operating Margin

30.70%

Debt-to-Equity

0.8

Piotroski F-Score

6

Altman Z-Score

5.1

Return on Invested Capital (ROIC)

66.60%%

Current Ratio

1.2

Quick Ratio

Gainseekers Quantitative Analysis

Summary

Fortinet operates in the Technology sector within Software – Infrastructure and trades on the Nasdaq with a market cap of $57,862M. The company has a Price / Earnings ratio of 32.4 and a Forward P/E of 23.6, alongside a PEG Forward of 0.8. It reports Return on Equity of 10.60%, Operating Margin of 149.80%, and Debt / Equity of 30.70%, with the next earnings report due on 05/06/26.

AI Exposure / Tech Reliance

As a Software - Infrastructure company, Fortinet’s business model is closely tied to advanced technology platforms and cybersecurity solutions. Its performance is therefore highly dependent on continued demand for enterprise-grade security and network infrastructure technologies.

The Bull Case

The company’s Forward P/E of 23.6 compared to a current P/E of 32.4 and a PEG Forward of 0.8 may suggest attractive growth-adjusted valuation. Strong Operating Margin of 149.80% and Institutional Ownership of 88.59% indicate profitability and significant institutional confidence.

The Bear Case

The stock trades at a Price / Sales ratio of 8.8 and a Price / Book of 46.7, which could indicate a premium valuation. A TTM Yield of 0.8 with no Dividend Per Share and a Dividend 5-Year Avg of 0 may limit appeal for income-focused investors.

Market Sentiment & Smart Money

Short Interest %

3.10%

Analyst Consensus

2.83

Average Analyst Price Target

$88.59

Institutional Ownership %

71.60%

1-Year Beta

1.17

Insider Buying % (6 Mo)

17.40%%

Distance to 52-Week High

71.50%%

Distance to 52-Week Low

111.50%%