FTNT

— Fundamental Stock Analysis and Report Card

Technology : Software - Infrastructure

Located in Sunnyvale, CA, US. Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Growth

Revenue, earnings and profitability.

Strong revenue growth and earnings can attract investors, driving the stock price up. Profitability indicates the company's efficiency and sustainability, which impacts investor confidence. Poor performance in these areas can lead to a decrease in stock price.

Revenue History

Earnings History

Margins

Gross Margin TTM
80.67%
EBITDA Margin TTM
37.82%
Net Margin TTM
27.49%
Earnings Per Share TTM
2.65
Statements

Income & Cash Flow analysis.

An income statement shows what a company earned and spent over a period — revenue at the top, costs and expenses in between, and net income at the bottom. A cash flow statement tracks the actual cash moving in and out, across operations, investing, and financing. Read together, they show whether reported earnings are backed by real cash.

Fortinet, Inc.
Select Period:
Q1 2026
Total ($)
Q1 2026
Margin (%)
Revenue
1.8b
+309.9m
+20.1%
Gross Income
1.5b
+238.5m
+19.1%
80%
-0.7pp
-0.8%
EBITDA
794.8m
+234.8m
+41.9%
43%
+6.6pp
+18.1%
Operating Income
580.0m
+126.2m
+27.8%
31%
+1.9pp
+6.4%
Net Income
534.5m
+101.1m
+23.3%
29%
+0.7pp
+2.7%
Earnings Per Share
0.72
+0.2
+28.6%
Operating Cash Flow
1.1b
+213.8m
+24.8%
58%
+2.2pp
+3.9%
Free Cash Flow
1.0b
+209.7m
+26.3%
54%
+2.7pp
+5.2%
Research & Development
214.0m
+15.4m
+7.8%
12%
-1.3pp
-10.3%
Recommendations

What are the analysts saying?

Analyst Consensus aggregates Wall Street recommendations into buy/hold/sell counts, while the Fundamental Scorecard grades the company on six financial ratios (P/B, P/E, D/E, ROA, ROE, DCF) plus an overall score. The two measure different things and can point in different directions.

Analyst Consensus
Fundamental Scorecard
Recent Upgrades & Downgrades
RBC Capital
5 months ago