FTNT
Fortinet
Information Technology · Systems Software · US
$144.68
Data: 2026-05-15
✓ ETHICAL PASS

STRONG MOAT
HIGH
Data Confidence: 100.0%
Key Metrics

How this company measures up on the fundamentals that matter

Market Cap
$90.0B
Total market value of the company
47.62
Expensive — high growth expected
35.85
Based on estimated future earnings — lower means cheaper
Rev Growth
+20.1%
Year-over-year revenue change
Profit Margin
27.5%
How much profit the company keeps from each dollar of revenue
132.4%
Return on equity — how efficiently it uses shareholder money
Analyst Target
$106.47
-26% from current price — median analyst estimate
Recommendation
HOLD
Consensus view from 36 analysts covering this stock
About Fortinet

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.

https://www.fortinet.com

Country: United States Employees: 15,311 Industry: Software - Infrastructure
Ethical Screening

Five compliance checks based on AAOIFI standards — all must pass for ethical clearance

Business Activity
PASS
Core business does not involve prohibited activities
Debt Ratio
9.6% PASS
Debt must be below 33% of total assets
Cash Ratio
3.3% PASS
Interest-bearing cash below 33% of assets
Receivables
40.3% PASS
Receivables below 49% of assets
Revenue Purity
2.4% PASS
Non-compliant revenue below 5% — any excess requires purification
Valuation
$68.89
What our model estimates this business is worth per share
-110.0%
Trading above fair value — no margin of safety
Rating
OVERVALUED
Overall assessment combining ethics, valuation, and quality
89.1th
Ranks in the top 11% of our 13,571 screened universe
Ethical Score
79.1
Valuation Score
30.5
Quality Score
92.0
Combined
62.1

Trading at $123, 78% above fair value of $69. Strong competitive moat. 28% profit margins. Passes all ethical screens. Ranks better than 72% of screened stocks.

Quantitative Intelligence

Statistical analysis of price behaviour, risk, and market regime — independent of fundamental data

MARKUP
Price trending up with increasing momentum
1.166
Excellent risk-adjusted returns
0.1215
Suggested allocation is meaningful — the edge justifies a position
1.443
Returns exceed worst-case losses — strong risk profile
Annual Return
50.6%
Historical annualised return based on price data
-35.1%
Largest peak-to-trough decline — the worst it has been
SIDEWAYS
Price consolidating — no clear directional bias
Days in State
12
How long the current regime has persisted — longer means more stable
Market Data

Trading characteristics and market positioning

0.92
Less volatile than the market — more defensive
52W High
$123.33
-17% below the year high
52W Low
$70.12
106% above the year low
Avg Volume
6,194,938
Average daily shares traded — higher means easier to buy and sell
3.4
Days it would take all short sellers to cover — higher means more crowded
Short % Float
3.2%
Low short interest — limited bearish positioning
0.0%
Annual dividend as a percentage of the share price
$2.58
Earnings per share over the last 12 months
Financial Health

Balance sheet strength and cash generation — the foundation of long-term value

0.57
Moderate leverage — manageable
1.15
Adequate but worth monitoring
Quick Ratio
1.03
Like current ratio but excludes inventory — stricter test
Gross Margin
80.3%
Revenue left after cost of goods — higher means pricing power
Operating Margin
31.3%
Profit from core operations before interest and tax
$1.8B
Positive — the business generates more cash than it spends
Revenue (TTM)
$7.1B
Total revenue over the last 12 months
Net Income
$2.0B
Profitable — the bottom line is positive
Analyst Coverage
Analysts
36
Target High
$130.00
Target Median
$106.47
Target Low
$70.00
Recent Insider Activity

SEC Form 4 filings — what company insiders are buying and selling

Date Insider Title Type Shares Value
2026-05-20 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 238 $30,940
2026-05-19 XIE MICHAEL Chief Technology Officer 5,854,588
2026-05-14 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 756 $90,720
2026-05-11 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 238 $27,370
2026-05-07 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 756 $83,160
2026-05-05 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 596 $53,461
2026-05-04 XIE MICHAEL Chief Technology Officer 2,478 $220,281
2026-05-04 XIE KENNETH QING Chief Executive Officer 5,355 $476,035
2026-05-01 XIE KENNETH QING Chief Executive Officer 13,092
2026-05-01 OHLGART CHRISTIANE MARGRIT Chief Financial Officer 4,903
Source: SEC Form 4 filings via public data. View all insider activity at
Insider Intelligence
Explore the Ethical Screener View Track Record

Data sourced from public filings and market feeds. Not financial advice. Updated: 2026-05-15

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