Equites Radar

FTNT · Fortinet, Inc.

Software - InfrastructureUnited StatesAnalyst view: Hold

$152.37

-1.58% last session

End-of-day data · updated 2026-07-28

Mildly bullish3 bullish · 1 bearish technical signals
Consensus: Hold (2.70 from 37 analysts)
To mean target: -12.7%

Market cap

$112B

Enterprise value

$109B

Trailing P/E

59.1

Forward P/E

44.4

Dividend yield

Beta

1.09

Avg volume

6M

Employees

15K

2D change

5D change

0.55%

10D change

-5.71%

30D change

0.68%

60D change

10.44%

MTD change

-4.15%

YTD change

91.89%

Analyst Outlook

Consensus ratingHold
Recommendation mean (1–5)2.70
Covering analysts37
Mean price target$133.00
Low price target$75.00
Upside to mean target-12.7%

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

Technical Analysis

RSI (14)45.7
50-day MA$147.82
200-day MA$99.46
Price vs 50-day MA+1.5%
Price vs 200-day MA+50.8%
MACD histogram-2.30
Volume vs 3-month avg1.0×
52w low $74.3952w high $166.83

Analyst sentiment over time — FTNT

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

Investment Bank Ratings as of 2026-07-28

Latest call per bank · past 12 months

Citigroup

Neutral

$165

+8.3% vs price
▲ raised from $115Maintains · 2026-07-22

Morgan Stanley

Equal-Weight

$133

-12.7% vs price
▲ raised from $80.00Upgrade · 2026-07-21

Wells Fargo

Underweight

$120

-21.2% vs price
▲ raised from $70.00Maintains · 2026-07-20

Barclays

Equal-Weight

$170

+11.6% vs price
▲ raised from $155Maintains · 2026-07-13

HSBC

Reduce

$0.00

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

Bank of America

Buy

$180

+18.1% vs price
▲ raised from $130Maintains · 2026-06-08

UBS

Neutral

$115

-24.5% vs price
▲ raised from $90.00Maintains · 2026-05-07

JP Morgan

Underweight

$75.00

-50.8% vs price
▲ raised from $73.00Maintains · 2026-05-07

RBC Capital

Sector Perform

$107

-29.8% vs price
▲ raised from $90.00Maintains · 2026-05-07

Jefferies

Hold

$80.00

-47.5% vs price
▼ cut from $85.00Maintains · 2025-11-06

Recent rating actions

DateFirmActionRatingPrice target
2026-07-28Evercore ISI GroupMaintainsIn-Line$100 $150
2026-07-23Cantor FitzgeraldMaintainsNeutral$110 $165
2026-07-22CitigroupMaintainsNeutral$115 $165
2026-07-21Truist SecuritiesMaintainsBuy$120 $183
2026-07-21Morgan StanleyUpgradeUnderweightEqual-Weight$80.00 $133
2026-07-20Wells FargoMaintainsUnderweight$70.00 $120
2026-07-15MizuhoMaintainsUnderperform$86.00 $125
2026-07-13TD CowenMaintainsBuy$160 $215

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 2026-07-28

  • RSI (14): RSI is 46 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 1.5% above the 50-day MA ($147.82).
  • Price vs 200-day MA: Trading 50.8% above the 200-day MA ($99.46).
  • 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 (-2.30) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($74.39) and high ($166.83).

FTNT Price Chart

Loading chart for FTNT

Fundamentals

Revenue (TTM)$7.0B
EBITDA$2.0B
Free cash flow$2.0B
Operating cash flow$3.0B
Book value / share$1.35
Net debt / EBITDA-1.2
WACC12.0%
Revenue growth20.00%
Earnings growth29.00%

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.