Fortinet, Inc. (FTNT) stock
Close on Nov 11, 2026Market cap $94.12BP/E 41.6Yield –
Fortinet, Inc. grew revenue 20.2% to $7.88B over the twelve months to Sep 30, 2026. Operating income rose 27.8% to $2.60B, moving the operating margin from 31.0% to 33.0%. Free cash flow was $3.43B, up 69.2% from a year earlier. At the latest close the market valued the company at $94.12B, 41.6 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $94.12B
- P/E ratio
- 41.6
- Price to sales
- 11.94
- Price to book
- 41.89
- Dividend yield
- –
- Free cash flow yield
- 3.65%
Fundamentals
- Revenue
- $7.88B
- Net income
- $2.28B
- EPS, diluted
- $3.08
- Free cash flow
- $3.43B
- Book value per share
- $3.03
- Diluted shares
- 743M
Trading
- Next earnings
- Feb 4, 2027 (estimated, after the close)
- Previous close
- $123.57
- Open
- $127.11
- Day's range
- $126.33 – $130.34
- Volume
- 5,092,809
- Average volume (20 days)
- 6,412,343
- Index membership
- S&P 500, Nasdaq-100 (since Feb 2022), Russell 1000, Russell 3000
- Beta (5 years)
- 1.38
- 52-week range
- $73.55 – $197.13
- RSI (14 days)
- 32.6
- Volatility (1 year)
- 49.0%
- Relative volume
- 1.03×
- WACC
- 11.8%
On 2 of our idea lists: Mega-cap growers, Buyback cannibals
Index membership is inferred from the holdings of funds that track each index (VOO, IVV, SPYM, QQQ, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2010, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | FTNT | S&P 500 | Difference | FTNT per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -34.2% | -2.4% | −31.8 pts | ||
| 3 months | -20.9% | -1.2% | −19.7 pts | ||
| Year to date | +61.3% | +12.3% | +49.0 pts | ||
| 1 year | +53.1% | +12.4% | +40.7 pts | ||
| 3 years | +152.1% | +78.8% | +73.3 pts | +36.1% | +21.4% |
| 5 years | +90.1% | +75.2% | +15.0 pts | +13.7% | +11.9% |
| 10 years | +1910.4% | +311.1% | +1599.3 pts | +35.0% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Fortinet filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
About Fortinet
Computer Peripheral Equipment, NEC
Fortinet provides cybersecurity and converged networking solutions designed to protect people, devices, and data across modern IT environments. Its integrated architecture, the Fortinet Security Fabric, spans secure networking, unified secure access service edge, and artificial intelligence-driven security operations. Key offerings include network firewalls, ethernet switches, wireless access points, connectivity gateways, endpoint protection, and operational technology security platforms. The company also supplies threat intelligence subscriptions, security services, and technical support. Fortinet serves government organizations, communication and security service providers, and enterprises across industries such as financial services, retail, healthcare, manufacturing, technology, education, and telecommunications.
Company profile, executives and historyFortinet stock: common questions
What is Fortinet's stock price?
FTNT closed at $128.10 on Nov 11, 2026, up 3.67% on the day. Over the past 52 weeks it traded between $73.55 and $197.13.
What is Fortinet's market cap?
Fortinet was worth $94.12B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is FTNT's P/E ratio?
FTNT trades at 41.6 times earnings, based on diluted earnings per share of $3.08 over the twelve months to Sep 30, 2026.
How much revenue does Fortinet make?
Fortinet reported revenue of $7.88B for the twelve months to Sep 30, 2026, up 20.2% from a year earlier.
Does Fortinet pay a dividend?
No. Fortinet has not paid a cash dividend over the last twelve months.
When does Fortinet report earnings next?
Fortinet is expected to report Q4 FY2026 results on Feb 4, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has FTNT stock performed over the past year?
Including dividends, FTNT returned +53.1% over the past year, against +12.4% for the S&P 500.
How many FTNT shares are sold short?
12M shares were sold short at the latest FINRA report, 1.82% of the float, or 1.9 days of average trading volume.
Who are Fortinet's competitors?
Companies most similar to Fortinet by business, industry and size include PANW, NTAP, ANET, XRX, FFIV.
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