On 12 Nov 2026 Fortinet closed at $129.54, +63.1% this year; market cap $96.20bn, P/E 42.1.
Information Technology · Systems Software · NASDAQ · United States
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.
| Market cap | $96.20bn |
| P/E (trailing) | 42.1 |
| EPS (TTM) | $3.07 |
| Beta | 1.04 |
| Dividend | $0.00 |
| Dividend yield | 0.00% |
| Ex-dividend date | — |
| Latest report | 28 Oct 2026 |
| Next earnings | 27 Jan 2027 |
| YTD | +63.1% |
| 1Y | +57.7% |
| 3Y | +37.1% |
| 5Y | +13.6% |
| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $6.80bn | $1.85bn | $2.23bn |
| 2024 | $5.96bn | $1.75bn | $1.88bn |
| 2023 | $5.30bn | $1.15bn | $1.73bn |
| 2022 | $4.42bn | $857.30m | $1.45bn |
| 2021 | $3.34bn | $606.80m | $1.20bn |
We publish no single base value for Fortinet. Our valuation methods put it between $184.15 and $191.85 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate. See every method
Call and put prices: our price for each next to the market's.
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Data as of 12 Nov 2026. Not investment advice.