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COMPANY WORKBOOK · FTNT

Fortinet, Inc.

Cloud, Software & Data · Software - Infrastructure

$175.23+3.17%
84/100
Overall
MARKET CAP127.86B
FORWARD P/E43.86
PEG RATIO1.866
REVENUE GROWTH25.6%
OPERATING MARGIN33.6%
52W RANGE$75.23$175.23
ChartScoreRelative StrengthFinancialsThesisFiles
INTERACTIVE PRICE CHART

Trend and moving averages

RELATIVE PERFORMANCE

FTNT versus SPY and SMH

Indexed to 100
LIVE MODEL SCORE

Cross-sectional ranking

Momentum91
Technicals94
Fundamentals79
Thematic Fit68

Scores are percentile-ranked against the current Young Bull universe and stored by date in PostgreSQL.

YOUNG BULL THESIS

Cloud, Software & Data

This company is available as a market-data workbook. Young Bull has not added a manual investment thesis for it yet.

MODEL READ

Overall score: 83.5. Last ranked 2026-09-22.

QUARTERLY FUNDAMENTALS

Revenue and earnings power

TRAILING P/E60.27
PRICE / SALES16.8
EV / EBITDA43.33
BOOK VALUE2.114
GROSS MARGIN80.2%
PROFIT MARGIN28.2%
RETURN ON EQUITY117.4%
FREE CASH FLOW2.27B
COMPANY SNAPSHOT

What it does

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge 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. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

PRIMARY SOURCES

Files and filings