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Fortinet Inc Stock , FTNT

101.65 -0.40 -0.39%
03:59:59 PM EDT 6/10/2025 BTT
News Analyst Data Analyst Opinions Insider Activity Dividend Calendar

On Monday 06/09/2025 the closing price of the Fortinet Inc share was $102.05 on BTT. Compared to the opening price on Monday 06/09/2025 on BTT of $104.93, this is a drop of 2.82%. Fortinet Inc's market capitalization is $64.02 B by 765.42 M shares outstanding.
Is Fortinet stock a Buy, Sell or Hold? Fortinet stock has received a consensus rating of hold. The average rating score is and is based on 37 buy ratings, 49 hold ratings, and 4 sell ratings.
What was the 52-week low for Fortinet stock? The low in the last 52 weeks of Fortinet stock was 53.44. According to the current price, Fortinet is 190.21% away from the 52-week low.
What was the 52-week high for Fortinet stock? The high in the last 52 weeks of Fortinet stock was 114.83. According to the current price, Fortinet is 88.52% away from the 52-week high.
What are analysts forecasts for Fortinet stock? The 90 analysts offering price forecasts for Fortinet have a median target of 78.80, with a high estimate of 135.00 and a low estimate of 49.00. The median estimate represents a 129.00 difference from the last price of 101.65.

Fortinet Stock Snapshot

101.66
Bid
10.00
Bid Size
106.70
Ask
100.00
Ask Size
6/10/2025
Date
3:59 PM
Time
23.00
Volume
102.05
Prev. Close
0.00
Open
77.79 B
Market Cap in USD
765.42 M
Number of Shares
765.42 M
Total Number of Shares
53.44
52 Week Low
114.83
52 Week High
101.65
0.00
Dividend in USD
0.00
Dividend Yield
41.79
P/E Ratio
83.03
Free Float in %
2.26
EPS in USD
1.95
Book Value per Share in USD
2.93
Cash Flow per Share in USD

Historical Prices for Fortinet

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Date Open Close Daily High Daily Low
Price change over selected period: 0% 0

Fortinet Analyst Data

Total Analysts: 90
Buy Ratings: 37 Neutral Ratings: 49 Sell Ratings: 4
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 49.00 Median: 78.80 Highest: 135.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.

Fortinet Analyst Opinions

  • All
  • Buy
  • Hold
  • Sell
Date Analyst Rating Price
05/08/25 UBS
Maintained Hold $105
05/08/25 RBC Capital Markets
Maintained Hold $105
05/08/25 Wells Fargo & Co
Maintained Hold $95
05/08/25 Stifel, Nicolaus & Co., Inc.
Maintained Buy $95
05/06/25 Baird Patrick & Co
Maintained Hold $113
04/24/25 Cantor Fitzgerald
Maintained Hold $100
04/23/25 ROTH Capital Partners, LLC
Maintained Hold $103
04/16/25 Morgan Stanley
Maintained Buy $105
04/01/25 Stephens Inc.
Maintained Hold $108
03/31/25 Jefferies & Company Inc.
Maintained Hold $105
03/18/25 Morgan Stanley
Maintained Buy $123
02/10/25 Susquehanna Financial Group, LLLP
Maintained Hold $110
02/07/25 RBC Capital Markets
Maintained Hold $115
02/07/25 Cantor Fitzgerald
Maintained Hold $115
02/07/25 Goldman Sachs
Maintained Buy $130
02/07/25 Guggenheim
Maintained Hold
02/07/25 Stifel, Nicolaus & Co., Inc.
Maintained Buy $115
02/07/25 Wells Fargo & Co
Maintained Hold $105
02/07/25 Piper Sandler
Maintained Buy $135
02/07/25 Rosenblatt
Maintained Buy $125
02/07/25 Needham & Company, LLC
Maintained Hold
02/04/25 Cantor Fitzgerald
Maintained Hold $110
02/03/25 Baird Patrick & Co
Downgraded to Hold $112
01/24/25 Guggenheim
Maintained Hold
07/30/24 Citigroup Corp.
Maintained Hold $65
07/29/24 Guggenheim
Downgraded to Hold
07/17/24 Morgan Stanley
Maintained Buy $69
07/11/24 Barclays Capital
Maintained Hold $70
06/25/24 Guggenheim
Maintained Buy $81
06/11/24 Rosenblatt
Maintained Buy $85
06/11/24 Needham & Company, LLC
Maintained Hold
05/22/24 Wedbush Morgan Securities Inc.
Maintained Buy $78
05/06/24 Susquehanna Financial Group, LLLP
Maintained Hold $65
05/03/24 J.P. Morgan
Maintained Hold $63
05/03/24 HSBC
Maintained Sell $54
05/03/24 Wells Fargo & Co
Maintained Hold $62
05/03/24 RBC Capital Markets
Maintained Hold $68
05/03/24 Morgan Stanley
Maintained Buy $73
05/03/24 Evercore
Maintained Hold $67
05/03/24 BMO Capital Markets
Maintained Buy $70
05/03/24 Cantor Fitzgerald
Maintained Hold $55
05/03/24 Barclays Capital
Maintained Hold $75
05/03/24 Piper Sandler
Maintained Hold $70
05/03/24 Rosenblatt
Maintained Buy $85
05/03/24 Mizuho
Maintained Hold $66
05/03/24 Needham & Company, LLC
Maintained Hold
05/03/24 Baird Patrick & Co
Maintained Buy $75
05/01/24 Wedbush Morgan Securities Inc.
Maintained Buy $86
04/18/24 Jefferies & Company Inc.
Maintained Hold $70
04/17/24 Cantor Fitzgerald
Maintained Hold $65

Fortinet Estimates* in USD

  2025 2026 2027 2028 2029
Revenue 6,759 7,600 8,536 10,279 11,128
Dividend 0.00 0.00 0.00 - 0.00
Dividend Yield (in %) 0.00 % 0.00 % 0.00 % 0.00 % 0.00 %
EPS - 2.77 3.16 2.70 2.92
P/E Ratio 41.45 36.65 32.13 37.59 34.75
EBIT 2,218 2,522 2,946 3,243 3,585
EBITDA 2,341 2,686 3,111 - 4,202
Net Profit 1,925 2,176 2,504 2,190 2,422
Net Profit Adjusted 1,921 2,176 2,504 2,238 2,484
Pre-Tax Profit - 2,683 3,155 - 3,664
Pre-Tax Profit Reported 2,116 2,442 2,959 - -
EPS (Non-GAAP) ex. SOE 2.18 2.51 - - -
EPS (GAAP) 2.21 2.50 2.99 - 2.20
Gross Income 5,432 6,104 6,896 7,451 8,257
Cash Flow from Investing -408 -351 -429 - -
Cash Flow from Operations 2,553 2,860 3,365 - -
Cash Flow from Financing -271 -317 -328 - -
Cash Flow per Share 3.28 3.75 4.42 - 4.51
Free Cash Flow 2,176 2,503 2,958 3,325 3,648
Free Cash Flow per Share 2.38 2.65 1.38 1.38 1.33
Book Value per Share 4.36 6.76 9.53 - 12.75
Net Debt -5,042 -7,386 -10,097 -19,425 -23,381
Research & Development Exp. 755 842 967 1,067 1,161
Capital Expenditure 388 376 422 - 422
Selling, General & Admin. Exp. 2,498 2,826 3,240 - -
Shareholder’s Equity 3,305 5,422 7,713 - 13,413
Total Assets 12,249 15,396 18,825 - -
  Previous Quarter
ending 03/31/25 		Current Quarter
ending 06/30/25 		Next Quarter
ending 09/30/25 		Current Year
ending 12/31/25 		Next Year
ending 12/31/26
Earnings Estimates
No. of Analysts - 37 37 15 2
Average Estimate - 0.590 USD 0.613 USD 3.163 USD 2.704 USD
Year Ago - 0.497 USD 0.706 USD - -
Publish Date - 8/6/2025 10/30/2025 - -
Revenue Estimates
No. of Analysts - - - 38 37
Average Estimate - - - 6,759 USD 7,600 USD
Year Ago - - - 5,956 USD -
Publish Date - - - - -
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Income Statements in Mio. USD

2024 2023 2022 2021 2020 2019 2018
Sales 5,955.80 5,304.80 4,417.40 3,342.20 2,594.40 2,156.20 1,801.20
Change of sales in % 12.27 20.09 32.17 28.82 20.32 19.71 20.49
Gross profit on sales 4,698.50 4,048.70 3,309.20 2,540.70 2,020.30 1,647.00 1,348.10
Gross profit on sales change in % 16.05 22.35 30.25 25.76 22.67 22.17 21.88
Operating income 1,798.80 1,236.50 965.00 645.80 491.60 344.20 231.00
Operating income change in % 45.48 28.13 49.43 31.37 42.82 49.00 106.35
Income before tax 2,058.50 1,333.70 955.50 628.40 541.70 379.20 250.90
Income before tax change in % 54.35 39.58 52.05 16.01 42.85 51.14 102.35
Income after tax 1,745.20 1,147.80 857.30 606.80 488.50 326.50 332.20
Income after tax change in % 52.05 33.89 41.28 24.22 49.62 -1.72 958.00

Balance Sheet in Mio. USD

2024 2023 2022 2021 2020 2019 2018
Total liabilities 8,269.30 7,722.30 6,509.60 5,120.70 3,188.50 2,563.60 2,067.80
Long-term liabilities per share 5.49 5.26 4.39 3.46 1.67 1.27 0.96
Equity 1,493.80 -463.40 -281.60 798.40 856.00 1,321.90 1,010.20
Equity change in % - -64.56 -136.02 -8.68 -35.24 30.86 71.40
Balance sheet total 9,763.10 7,258.90 6,228.00 5,919.10 4,044.50 3,885.50 3,078.00
Balance sheet total change in % 34.50 16.55 5.22 46.35 4.09 26.23 36.32

Key Data in USD

2024 2023 2022 2021 2020 2019 2018
Sales per share 7.72 6.73 5.49 4.00 3.09 2.46 2.07
P/E ratio (year end quote, basic EPS) 41.79 40.19 45.92 98.97 50.99 57.23 36.93
P/E ratio (year end quote, diluted EPS) 41.79 40.19 45.92 98.97 50.99 57.23 36.93
Dividend yield in % 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity ratio in % 15.30 -6.38 -4.52 13.49 21.16 34.02 32.82
Debt ratio in % 84.70 106.38 104.52 86.51 78.84 65.98 67.18

Fortinet Insider Activity

Name Date shares traded shares held Price type (sell/buy) option
Xie Michael 05/21/2025 1,926,562.00 7,573,438.00 n/a Sell No
Xie Michael 05/21/2025 1,926,562.00 19,825,614.00 n/a Buy No
Xie Michael 05/21/2025 1,926,562.00 17,899,052.00 n/a Buy No
Xie Ken 05/01/2025 120,952.00 51,391,879.00 106.24 Sell No
Xie Ken 05/01/2025 37,536.00 51,512,831.00 105.64 Sell No
Xie Michael 05/01/2025 2,780.00 11,000,068.00 106.24 Sell No
Xie Michael 05/01/2025 766.00 11,002,848.00 105.66 Sell No
Xie Ken 05/01/2025 150,000.00 51,550,367.00 16.90 Buy No
Whittle John 04/30/2025 2,290.00 71,629.00 104.21 Sell No
Ohlgart Christiane 04/30/2025 2,464.00 7,226.00 104.21 Sell No
Xie Ken 04/30/2025 8,349.00 51,400,367.00 104.21 Sell No
Xie Michael 04/30/2025 3,490.00 11,003,614.00 104.21 Sell No
Whittle John 04/30/2025 1,180.00 70,485.00 n/a Buy No
Whittle John 04/30/2025 1,608.00 72,093.00 n/a Buy No
Whittle John 04/30/2025 1,826.00 73,919.00 n/a Buy No
Ohlgart Christiane 04/30/2025 2,738.00 9,690.00 n/a Buy No
Ohlgart Christiane 04/30/2025 4,382.00 6,952.00 n/a Buy No
Xie Ken 04/30/2025 4,557.00 51,408,716.00 n/a Buy No
Xie Ken 04/30/2025 6,260.00 51,404,159.00 n/a Buy No
Xie Ken 04/30/2025 6,020.00 51,397,899.00 n/a Buy No
Xie Michael 04/30/2025 2,764.00 11,004,862.00 n/a Buy No
Xie Michael 04/30/2025 2,242.00 11,007,104.00 n/a Buy No
Xie Michael 04/30/2025 2,030.00 11,002,098.00 n/a Buy No
GOLDMAN KENNETH A 03/30/2025 1,130.00 19,742.00 n/a Buy No
Wilderotter Mary Agnes 03/30/2025 1,130.00 3,939.00 n/a Buy No

Fortinet Dividend Calendar

Date Name Dividend *yield Currency
2024 Fortinet Inc 0.00 0.00 USD
2023 Fortinet Inc 0.00 0.00 USD
2022 Fortinet Inc 0.00 0.00 USD
2021 Fortinet Inc 0.00 0.00 USD
2020 Fortinet Inc 0.00 0.00 USD
2019 Fortinet Inc 0.00 0.00 USD
2018 Fortinet Inc 0.00 0.00 USD
2017 Fortinet Inc 0.00 0.00 USD
2016 Fortinet Inc 0.00 0.00 USD
2015 Fortinet Inc 0.00 0.00 USD
2014 Fortinet Inc 0.00 0.00 USD
2013 Fortinet Inc 0.00 0.00 USD
2012 Fortinet Inc 0.00 0.00 USD
2011 Fortinet Inc 0.00 0.00 USD
2010 Fortinet Inc 0.00 0.00 USD
2009 Fortinet Inc 0.00 0.00 USD
*Yield of the Respective Date

Fortinet Calendar

Event Estimate Info Date
Annual General Meeting 2.260 USD Annual General Meeting 06/13/2025
Earnings Report 0.590 USD Q2 2025 Earnings Release 08/06/2025
Earnings Report 0.613 USD Q3 2025 Earnings Release 10/30/2025
Earnings Report - Q4 2025 Earnings Release 02/05/2026
Earnings Report 0.630 USD Q1 2026 Earnings Release 04/30/2026

Fortinet Past Events

Event Actual EPS Info Date
Earnings Report 0.560 USD Q1 2025 Earnings Release 05/07/2025
Earnings Report 0.680 USD Q4 2024 Earnings Release 02/06/2025
Earnings Report 0.700 USD Q3 2024 Earnings Release 11/07/2024
Earnings Report 0.490 USD Q2 2024 Earnings Release 08/06/2024
Annual General Meeting 1.460 USD Annual General Meeting 06/14/2024
Earnings Report 0.390 USD Q1 2024 Earnings Release 05/02/2024
Earnings Report 0.400 USD Q4 2023 Earnings Release 02/06/2024
Earnings Report 0.410 USD Q3 2023 Earnings Release 11/02/2023
Earnings Report 0.330 USD Q2 2023 Earnings Release 08/03/2023
Annual General Meeting 1.060 USD Annual General Meeting 06/16/2023
Earnings Report 0.310 USD Q1 2023 Earnings Release 05/04/2023
Earnings Report 0.400 USD Q4 2022 Earnings Release 02/07/2023
Earnings Report 0.290 USD Q3 2022 Earnings Release 11/02/2022
Earnings Report 0.210 USD Q2 2022 Earnings Release 08/03/2022
Annual General Meeting 0.726 USD Annual General Meeting 06/17/2022
Earnings Report 0.168 USD Q1 2022 Earnings Release 05/04/2022
Earnings Report 0.238 USD Q4 2021 Earnings Release 02/03/2022

Fortinet Profile

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Moody’s Daily Credit Risk Score

Risk
  • Low
  • Medium
  • High
6
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Fortinet Management

Name Job
Ken Xie Chairman & Chief Executive Officer
Christiane Ohlgart Chief Financial & Accounting Officer
Carl Windsor Chief Information Security Officer
John Lunsford Gregory Whittle Chief Operating Officer
Robert May EVP-Technology & Product Management
Joe Sarno Executive Vice President-International Sales
Jaime Romero Executive Vice President-Marketing
Trevor Pagliara Executive Vice President-US Sales
Kenneth A. Goldman Independent Director
Jean X. Hu Independent Director
Ming Hsieh Independent Director
James G. Stavridis Independent Director
William H. Neukom Independent Director
Mary Agnes Wilderotter Independent Director
Janet Ann Napolitano Independent Director
Judith Sim Lead Independent Director
Michael Xie President, Director & Chief Technology Officer
Will Cooper Secretary
Marc Asturias Senior Dir-Marketing, LatAm & the Caribbean
Aaron Ovadia Senior Director-Investor Relations
Chris Perna Vice President-Talent Acquisition
Ana Pease Vice President-Talent Management & Operations