stocksbrew

Fortinet Inc.FTNT

Buy more

Buy more at today's $130, already under our buy price.

  • 7 good· Earnings beat
  • 6 to watch· Thinner margin

$129.60+1.50 (+1.17%)

Price at 3:01 PM ET

After hours · opens in 17h 23mNext open: Friday, Nov 13, 9:30 AM ET

NASDAQ · Technology · Cybersecurity · Large company

The price we'd buy FTNT at comes with a free account

It also has the whole brief, the scorecard and how the call has moved.A free account gets it on three stocks you pick, plus three long research reports a month.

What would change it

Sources

Any one could move it to Keep

Next report

  • below10%

    sales growth

Compared with the S&P 500

  • 16 points

    worse in one day

  • 35 points

    worse in five trading days

+54.9% in a year

Earnings report

The news behind our call

written Sep 22, 9:52 AM ETSep 22, 9:52 AM ET · 5 articles · 5 sources

  • Fortinet grew revenue 26%.

  • Technology stocks are leading a broad market rotation.

What changed

From Yahoo Finance, Caterpillar Inc. via Yahoo Finance, CrowdStrike Holdings, Inc. via Nasdaq and 4 more

  1. Analyst ratings shifted: 1 more buy, 1 fewer hold

    8 buy, 30 hold, 5 sell, against 7 buy, 31 hold, 5 sell the month before.

    Analysts · This month

  2. FTNT raises its 2026 outlook after strong Q3 results, but slowing product growth, margin pressure and a premium valuation make holding the stock prudent.

    Yesterday

  3. Will Fortinet's cash Flow Profile support the stock amid higher Capex?

    Tuesday

  4. Can CrowdStrike's latest AI Integrations Drive Security growth?

    Monday

  5. Fortinet (FTNT) unveiled two new Security Services

    Nov 5

  6. Fortinet (FTNT) stock may be 11% undervalued Following Service outlook cut

    Nov 5

  7. Fortinet and Equinix Secure Distributed AI at Scale

    Nov 5

  8. Avantis U.S. Large Cap Value (AVLV) adds Qualcomm and Texas Instruments on Nov. 3

    Nov 5

Overview

In plain numbers

  • Revenue grew 20% from a year earlier, to $7.9B in the last twelve months.
  • It keeps 33 cents of every revenue dollar as operating profit, up from 19 cents in FY 2021.
  • It turned 44% of revenue into free cash flow: $3.4B in the last twelve months.
  • It holds $4.8B in cash and investments against $560.5M of debt, which leaves $4.2B of net cash.

Key figures

Revenue (TTM)
$7.9B
Revenue growth, 1 year
+20.2%
Net income
$2.3B
EPS (diluted)
$3.06
Gross margin
79.8%
Operating margin
32.9%
Return on equity
153.1%
Return on capital
70.0%
Debt / equity
0.25
Current ratio
1.40
Buyback yield
3.66%

Revenue by business

period ending Sep 30, 2026
  • Services$5.0B · 64%
  • Product$2.9B · 36%

Key facts

Company value
$87.3B
Price / last year's earnings
56.5×
Today's range
124.51130.43
Past year's range
75.23194.75
Yesterday's close
$128.10
Swings vs the market
1.1×about the same

Compare FTNT with

After hours

That's a wrap.

17hrs23min30sec

Market opens Friday, Nov 13 at 9:30 AM ET

Catch up on what moved today