Equites Radar

FTNT · Fortinet, Inc.

Software - InfrastructureUnited StatesAnalyst view: Hold

$156.07

-1.75% last session

End-of-day data · close of 2026-09-11

Neutral2 bullish · 2 bearish technical signals
Consensus: Hold (2.77 from 36 analysts)
To mean target: +2.7%

Market cap

$115B

Enterprise value

$111B

Trailing P/E

55.2

Forward P/E

41.3

Dividend yield

Beta

1.06

Avg volume

5M

Employees

15K

Daily Change %

-1.75%

5 Days Change

1.64%

10 Days Change

-1.85%

30 Days Change

-1.24%

60 Days Change

-1.10%

Month to Day Change

-1.85%

Year to Day Change

100.04%

Analyst Outlook

Consensus ratingHold
Recommendation mean (1–5)2.77
Covering analysts36
Mean price target$163.12
Low price target$102.00
Upside to mean target+2.7%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)47.5
50-day MA$158.98
200-day MA$111.62
Price vs 50-day MA-1.8%
Price vs 200-day MA+39.8%
MACD histogram-0.54
Volume vs 3-month avg0.5×
52w low $75.2352w high $172.78

Analyst sentiment over time — FTNT

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-07-31

Latest call per bank · past 12 months

Citigroup

Neutral

$185

+16.5% vs price
▲ raised from $165Maintains · 2026-07-30

RBC Capital

Sector Perform

$185

+16.5% vs price
▲ raised from $160Maintains · 2026-07-30

Morgan Stanley

Equal-Weight

$136

-14.4% vs price
▲ raised from $133Maintains · 2026-07-30

Wells Fargo

Underweight

$135

-15.0% vs price
▲ raised from $120Maintains · 2026-07-30

Barclays

Equal-Weight

$190

+19.6% vs price
▲ raised from $170Maintains · 2026-07-30

HSBC

Reduce

$0.00

-100.0% vs price
Downgrade · 2026-06-30

Bank of America

Buy

$180

+13.3% vs price
▲ raised from $130Maintains · 2026-06-08

UBS

Neutral

$115

-27.6% vs price
▲ raised from $90.00Maintains · 2026-05-07

JP Morgan

Underweight

$75.00

-52.8% vs price
▲ raised from $73.00Maintains · 2026-05-07

Jefferies

Hold

$80.00

-49.6% vs price
▼ cut from $85.00Maintains · 2025-11-06

Recent rating actions

DateFirmActionRatingPrice target
2026-07-31SusquehannaMaintainsNeutral$115 $160
2026-07-30CitigroupMaintainsNeutral$165 $185
2026-07-30Piper SandlerMaintainsNeutral$110 $175
2026-07-30RBC CapitalMaintainsSector Perform$160 $185
2026-07-30Morgan StanleyMaintainsEqual-Weight$133 $136
2026-07-30StifelMaintainsHold$102 $175
2026-07-30Wells FargoMaintainsUnderweight$120 $135
2026-07-30Evercore ISI GroupMaintainsIn-Line$150 $165

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-09-11

  • RSI (14): RSI is 48 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 1.8% below the 50-day MA ($158.98).
  • Price vs 200-day MA: Trading 39.8% above the 200-day MA ($111.62).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-0.54) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($75.23) and high ($172.78).

FTNT Price Chart

Loading chart for FTNT

Fundamentals

Revenue (TTM)$8.0B
EBITDA$3.0B
Free cash flow$2.0B
Operating cash flow$3.0B
Book value / share$2.11
Net Debt / EBITDA-1.4
WACC11.0%
Revenue growth26.00%
Earnings growth44.00%

About Fortinet, Inc.

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.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.