Fortinet, Inc.
General ticker "FTNT" information:
- Sector: Information Technology
- Industry: Software - Infrastructure
- Capitalization: $67.2B (TTM average)
Fortinet, Inc. follows the US Stock Market performance with the rate: 20.9%.
Estimated limits based on current volatility of 2.9%: low 139.63$, high 147.85$
Factors to consider:
- Company included in S&P500 list
- Company included in NASDAQ-100 index
- Total employees count: 15109 (+6.9%) as of 2025
- US accounted for 29.8% 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 48.0% above estimated high
- Earnings for 3 months up through Q1 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: [64.65$, 98.97$]
- 2026-12-31 to 2027-12-31 estimated range: [66.36$, 100.82$]
Financial Metrics affecting the FTNT estimates:
- Negative: with PPE of 29.1 at the end of fiscal year the price was high
- Positive: Operating profit margin, % of 30.61 > 18.39
- Positive: -0.02 < Operating cash flow per share per price, % of 4.33
- Negative: Shareholder equity ratio, % of 11.91 <= 19.24
- Positive: -0.03 < Industry operating cash flow per share per price (median), % of 2.04
- Positive: Return on assets ratio (scaled to [-100,100]) of 15.07 > 6.06
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 | $5,960.40MM | $6,810.00MM |
| Operating Expenses | $4,068.30MM | $4,157.00MM | $4,725.30MM |
| Operating Income | $1,241.10MM | $1,803.40MM | $2,084.70MM |
| Non-Operating Income | $92.60MM | $255.10MM | $197.50MM |
| Interest Expense | $21.00MM | $20.00MM | $20.10MM |
| R&D Expense | $613.80MM | $716.80MM | $815.50MM |
| Income(Loss) | $1,333.70MM | $2,058.50MM | $2,282.20MM |
| 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.