Fortinet, Inc.
General ticker "FTNT" information:
- Sector: Information Technology
- Industry: Software - Infrastructure
- Capitalization: $71.5B (TTM average)
Fortinet, Inc. follows the US Stock Market performance with the rate: 60.3%.
Estimated limits based on current volatility of 2.9%: low 176.64$, high 187.02$
Factors to consider:
- Earnings expected soon, date: 2026-10-28 amc
- Company included in S&P500 list
- Company included in NASDAQ-100 index
- Total employees count: 15109 (+6.9%) as of 2025
- US accounted for 29.9% of revenue in the fiscal year ended 2024-12-31
- Top business risk factors: Economic downturns and volatility, Supply chain disruptions, Market competition, Labor/talent shortage/retention, Regulatory and compliance
- Current price 64.8% above estimated high
- Earnings for 6 months up through Q2 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2025-12-31 to 2027-12-31
- 2025-12-31 to 2026-12-31 estimated range: [68.15$, 102.66$]
- 2026-12-31 to 2027-12-31 estimated range: [70.61$, 105.64$]
Financial Metrics affecting the FTNT estimates:
- Positive: with PPE of 29.2 at the end of fiscal year the price was neutral
- Positive: 22.58 < Operating profit margin, % of 30.62
- Positive: 2.37 < Operating cash flow per share per price, % of 4.31
- Positive: 0.90 < Industry operating cash flow per share per price (median), % of 2.04
- Negative: Inventory ratio change, % of 38.75 > 4.02
- Negative: Industry earnings per price (median), % of 0.46 <= 2.08
- Negative: Investing cash flow per share per price, % of -1.00 <= -0.14
Short-term FTNT quotes
Relationship graph
Long-term FTNT plot with estimates
Financial data
| YTD | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating Revenue | $5,309.40MM | $5,955.80MM | $6,799.60MM |
| Operating Expenses | $4,068.30MM | $4,152.40MM | $4,717.60MM |
| Operating Income | $1,241.10MM | $1,803.40MM | $2,082.00MM |
| Non-Operating Income | $92.60MM | $225.70MM | $210.50MM |
| Interest Expense | $21.00MM | $20.00MM | $20.10MM |
| R&D Expense | $613.80MM | $716.80MM | $815.50MM |
| Income(Loss) | $1,333.70MM | $2,029.10MM | $2,292.50MM |
| Taxes | $143.80MM | $283.90MM | $439.10MM |
| Other Income(Loss) | $-42.10MM | $-29.40MM | $10.30MM |
| Net Income(Loss)* | $1,147.80MM | $1,745.20MM | $1,853.40MM |
| Stockholders Equity | $-463.40MM | $1,493.80MM | $1,237.50MM |
| Inventory | $484.80MM | $315.50MM | $399.50MM |
| Assets | $7,258.90MM | $9,763.10MM | $10,389.20MM |
| Operating Cash Flow | $1,935.50MM | $2,258.10MM | $2,590.60MM |
| Capital expenditure | $204.10MM | $378.90MM | $364.80MM |
| Investing Cash Flow | $-649.30MM | $-727.40MM | $-599.10MM |
| Financing Cash Flow | $-1,570.40MM | $-50.10MM | $-2,371.50MM |
| Earnings Per Share** | $1.47 | $2.28 | $2.49 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.