FTNT$79.03
$78.7513
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AI FTNT Summary
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Powered by LiveAIOverall Analysis
BuyFortinet exhibits strong fundamentals and positive thematic alignment in cybersecurity, though current technical indicators suggest some short-term caution. Its robust growth, profitability, and solid balance sheet make it an attractive long-term investment.
Thematic
Fortinet is a key player in the growing cybersecurity market, benefiting from increased digital transformation, remote work trends, and rising cyber threats. Its integrated platform approach (SASE, SD-WAN) aligns well with evolving enterprise needs.
Fundamental
Fortinet demonstrates strong revenue and earnings growth, excellent profitability, and a healthy balance sheet with significant cash reserves. The P/E ratio is relatively high, reflecting market confidence in its growth prospects.
Technical
The stock shows a long-term uptrend but has recently experienced a price decline, with several short-term indicators suggesting potential for further consolidation or a bearish trend in the immediate future.
| Factor | Score |
|---|---|
| Cybersecurity Market Growth | 95 |
| Network Convergence (SASE/SD-WAN) | 90 |
| AI in Cybersecurity | 85 |
| Global Expansion | 75 |
| Competitive Landscape | 70 |
| Factor | Score |
|---|---|
| Valuation | 60 |
| Profitability | 92 |
| Growth | 80 |
| Balance Sheet Health | 85 |
| Cash Flow | 90 |
| Earnings Consistency | 88 |
| Factor | Score |
|---|---|
| Trend Analysis | 50 |
| Momentum | 50 |
| Support and Resistance | 65 |
| Volume Trends | 70 |
| Short-Term Oscillators | 75 |
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Powered by LiveAIBullish Points (6)
Consistent EPS Beats
Fortinet has a strong track record of beating earnings per share (EPS) estimates, consistently surprising positively in the last few quarters (e.g., Q4 2024: +22.13%, Q3 2024: +39.32%). This indicates robust operational execution and effective cost management.
Strong Top-Line Expansion
Fortinet has demonstrated significant revenue growth, with reported revenues growing from $3.34B in 2021 to $5.96B in 2024. The net margin has also improved over the same period from 18.2% to 29.3%, indicating efficient conversion of revenue into profit.
Bearish Points (6)
Elevated Valuation Metrics
The trailing P/E ratio of 43.12 and P/S ratio of 17.0 are relatively high, particularly the P/S ratio in its quarterly data (47.9 for Q1 2025). This suggests that the market has high growth expectations, and any misstep in earnings or growth could lead to a significant price correction.
Short-Term Weakness Indicators
Several short-term technical indicators across 1-minute, 5-minute, and 30-minute intervals suggest 'Sell' signals (e.g., EMAs). This indicates potential downward pressure on the stock price in the immediate term.
Calendar
August 2025
7
Next Earnings Date
H: $0.63
A: $0.59
L: $0.57
H: 1.66B
A: 1.63B
L: 1.62B
Profile
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Seasonals
Price Target
109.44 USD
The 39 analysts offering 1 year price forecasts for FTNT have a max estimate of 135.00 and a min estimate of 83.00.
Debt Level and Coverage
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Valuation - Summary
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Related Companies
Powered by LiveAIWeight: 98
Direct and strong competitor across network, cloud, and endpoint security, often vying for the same enterprise deals as Fortinet.
Weight: 95
Core competitor in traditional network security appliances (firewalls) and cloud security platforms, directly overlapping with Fortinet's traditional strengths.
Weight: 92
Major player in enterprise networking with a significant and growing security portfolio, including firewalls, SASE, and endpoint security, competing for network infrastructure and security spend.
Weight: 90
Leader in cloud-native security, Secure Access Service Edge (SASE), and zero-trust network access, offering a modern alternative to traditional perimeter security that Fortinet provides.