Equites Radar

FTNT · Fortinet, Inc.

Software - InfrastructureUnited StatesAnalyst view: Hold

$183.33

+1.86% last session

End-of-day data · close of 2026-10-26

Mildly bullish3 bullish · 1 bearish technical signals
Consensus: Hold (2.86 from 37 analysts)
To mean target: -7.6%

Market cap

$135B

Enterprise value

$131B

Trailing P/E

64.8

Forward P/E

48.4

Dividend yield

0.0%

Beta

1.04

Avg volume

4M

Employees

15K

Daily Change %

1.86%

5 Days Change

5.98%

10 Days Change

8.40%

30 Days Change

5.69%

60 Days Change

10.44%

Month to Day Change

2.58%

Year to Day Change

130.87%

Analyst Outlook

Consensus ratingHold
Recommendation mean (1–5)2.86
Covering analysts37
Mean price target$169.45
Low price target$107.00
Upside to mean target-7.6%

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

Technical Analysis

RSI (14)56.3
50-day MA$171.01
200-day MA$126.78
Price vs 50-day MA+7.2%
Price vs 200-day MA+44.6%
MACD histogram-1.26
Volume vs 3-month avg0.7×
52w low $75.2352w high $194.75

Analyst sentiment over time — FTNT

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

Investment Bank Ratings as of 2026-10-23

Latest call per bank · past 12 months

JP Morgan

Underweight

$140

-23.6% vs price
▲ raised from $118Maintains · 2026-10-23

Wells Fargo

Underweight

$160

-12.7% vs price
▲ raised from $135Maintains · 2026-10-15

Barclays

Equal-Weight

$210

+14.5% vs price
▲ raised from $190Maintains · 2026-10-12

RBC Capital

Sector Perform

$205

+11.8% vs price
▲ raised from $185Maintains · 2026-10-12

Citigroup

Neutral

$185

+0.9% vs price
▲ raised from $165Maintains · 2026-07-30

Morgan Stanley

Equal-Weight

$136

-25.8% vs price
▲ raised from $133Maintains · 2026-07-30

HSBC

Reduce

$0.00

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

Bank of America

Buy

$180

-1.8% vs price
▲ raised from $130Maintains · 2026-06-08

UBS

Neutral

$115

-37.3% vs price
▲ raised from $90.00Maintains · 2026-05-07

Jefferies

Hold

$80.00

-56.4% vs price
▼ cut from $85.00Maintains · 2025-11-06

Recent rating actions

DateFirmActionRatingPrice target
2026-10-23JP MorganMaintainsUnderweight$118 → $140
2026-10-20Truist SecuritiesMaintainsBuy$183 → $200
2026-10-15MizuhoMaintainsUnderperform$138 → $160
2026-10-15Wells FargoMaintainsUnderweight$135 → $160
2026-10-13TD CowenMaintainsBuy$215 → $225
2026-10-12BarclaysMaintainsEqual-Weight$190 → $210
2026-10-12RBC CapitalMaintainsSector Perform$185 → $205
2026-10-08AmerxInitiatesOverweight$0.00 → $240

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 2026-10-26

  • neutral: RSI (14): RSI is 56 — neutral momentum, neither overbought nor oversold.
  • bullish: Price vs 50-day MA: Trading 7.2% above the 50-day MA ($171.01).
  • bullish: Price vs 200-day MA: Trading 44.6% above the 200-day MA ($126.78).
  • bullish: MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • bearish: MACD (12,26,9): MACD histogram is negative (-1.26) — short-term momentum is fading.
  • neutral: 52-week range: Price sits between the 52-week low ($75.23) and high ($194.75).

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.