Fortinet (FTNT)
Information Technology · Cybersecurity and secure networking platforms
Fortinet is a global cybersecurity leader converging networking and security through its integrated Fortinet Security Fabric platform, powered by proprietary FortiOS and FortiASIC technologies.
What Fortinet does
Fortinet is a cybersecurity company that develops and sells an integrated platform called the Fortinet Security Fabric, which combines secure networking, unified Secure Access Service Edge (SASE), and AI-driven security operations. The company serves enterprises, service providers, and government organizations across over 100 countries, with more than 50 products spanning three solution pillars: Secure Networking, Secure Access, and AI-driven Security Operations. Its core differentiation comes from proprietary technologies including FortiOS (unified operating system), FortiASIC (application-specific integrated circuits for performance), FortiCloud (global cloud infrastructure), and FortiAI (AI/ML-powered threat detection and response).
Themes: ["AI-driven security operations","Secure networking convergence","Zero Trust architecture","Cloud security infrastructure","Endpoint protection and detection","Operational technology (OT) security","Generative AI governance and protection","Encrypted traffic inspection","Security orchestration and automation"]
Fundamentals
- Price$163.73 as of 2026-07-09 close
- Market cap$116.9B as of 2026-07-10
- 1-year return+52.1% as of 2026-07-09 close
- P/E59.82 as of 2026-07-10
- Net margin+27.5% as of 2026-07-10
- Gross margin+80.3% as of 2026-07-10
- ROE+155.7% as of 2026-07-10
- Debt / equity0.50 as of 2026-07-10
- Revenue growth (YoY)+15.8% as of 2026-07-10
- Revenue CAGR (3y)+15.5% SEC XBRL
- Beta1.06 as of 2026-07-10
Key risks (from latest filing)
["Supply chain constraints, including memory chip availability and component sourcing, affecting manufacturing capacity, delivery and inventory management","Market competition and complexity of enterprise sales cycles, particularly with larger customers and government organizations, creating revenue timing unpredictability","Dependency on successful execution of cloud-based and AI solution adoption, including meeting service level agreements and anticipated market demand shifts related to these technologies"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.