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82.53 USD
P/E
32.31
EPS
2.42
P/B
46.94
ROE
135.72
Beta
1.04
Target Price
89.06 USD
Fortinet, Inc. logo

Fortinet, Inc.

🧾 Earnings Recap – Q3 2025

Fortinet reported strong third-quarter 2025 results, with total billings growing 14% year-over-year to $1.81 billion, driven by robust demand across its cybersecurity solutions, particularly in Unified SASE and SecOps.

  • Unified SASE billings surged 19%, with FortiSASE achieving over 100% growth, positioning Fortinet as a SASE market leader.
  • Total revenue rose 14% to $1.72 billion, reflecting strong sales performance globally, particularly in EMEA and APAC.
  • The number of large enterprise deals exceeding $1 million climbed by 26%, highlighting Fortinet's expanding footprint among larger clients.
  • SecOps billing increased 33%, fueled by growing adoption of AI-driven security solutions as part of its comprehensive cybersecurity portfolio.
  • Fortinet's operational technology solutions also saw more than 30% billing growth, showcasing its strength in critical infrastructure security.
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Key Metrics
Earnings dateMay 6, 2026
P/E32.31
EPS2.42
Book Value1.67
Price to Book46.94
Debt/Equity85.80
% Insiders17.433%
Growth
Revenue Growth0.15%
Earnings Growth-0.01%
Estimates
Forward P/E23.63
Forward EPS3.31
Target Mean Price89.06

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Fortinet, Inc. Logo Fortinet, Inc. Analysis (FTNT)

United States Information Technology Official Website Stock

Is Fortinet, Inc. a good investment? Fortinet, Inc. (FTNT) is currently trading at 82.53 USD. Market analysts have a consensus price target of 89.06 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 32.31. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Fortinet, Inc. is expected to release its next earnings report on May 6, 2026. The market consensus estimate for Forward EPS is 3.31.

Investor FAQ

Does Fortinet, Inc. pay a dividend?

No, it does not currently pay a dividend.

What asset class is Fortinet, Inc.?

Fortinet, Inc. is classified as a Stock. You can compare it against 2 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be May 6, 2026. The company currently has a trailing EPS of 2.42.

Company Profile

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.

Exchange Ticker
NMS (United States) FTNT
LSE (United Kingdom) 0IR9.L

Dividends

Historical Split Corporate Actions

Split Date Split Ratio to 1
June 2, 2011 2.000000
June 23, 2022 5.000000
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