Fortinet, Inc. (FTNT) is a Technology stock trading at $164.45 (as of 2026-07-15), with a market capitalization of $120.48B and a trailing P/E of 61.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Fortinet provides integrated, automated cybersecurity solutions, including FortiGate security (firewall, intrusion prevention, anti-malware, VPN, and more), and also sells secure switching and access products (FortiSwitch and FortiAP), generating revenue from product sales and from related service offerings such as security subscriptions and support.
Fortinet’s profit engine combines product revenue (hardware and software licenses for security and networking functions) with service revenue (including security subscription and support), and its latest-quarter profitability reflects that mix, with 80.3% gross margin and 31.4% operating margin (2026-03-31).
| Product | $0.7B |
| Service | $1.2B |
Business quality (Exceptional): Clear, product plus service revenue structure is visible in the provided data, with strong recent margins. However, the KPI choices here are based on revenue line items rather than a deeper operating metric like retention or usage, which limits insight into demand durability.
Valuation: At 56× earnings, FTNT trades 76% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.
| Price | $164.45 |
| Market Cap | $120.48B |
| P/E Ratio | 61.6 |
| EV / EBITDA | 50.2 |
| Price / Book | 121.74 |
| Price / Sales | 16.95 |
| FCF Yield | 2.0% |
| DCF Value (model) | $84.73 |
| DCF Upside vs Price | -48.5% |
| Revenue (TTM) | $6.80B |
| Net Margin | 27.3% |
| Revenue Growth (YoY) | 20.1% |
| EPS Growth (YoY) | 28.6% |
| FCF Growth (YoY) | 26.3% |
| Altman Z-Score | 9.33 (safe) |
| Piotroski F-Score | 6/9 (moderate) |
| Stock P/E | 61.6 |
| Sector P/E (Technology) | 34.5 |
| Industry P/E (Computers) | 31.6 |
| vs Sector | 78.6% |
| vs Industry | 95.3% |
| Top Institutional Holder | VANGUARD GROUP INC ($5.86B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Technology |
| Industry | Computers |
| CEO | Ken Xie |
| Employees | 14,556 |
| Country | US |
| IPO Date | 2009-11-18 |
Data as of 2026-07-15.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.