Fortinet's revenue growth appears to have re-accelerated from roughly 10.9% in mid-2024 to 20.5% year-over-year in the latest quarter, with gross margins holding between 79.0% and 82.5% and operating margin expanding to 33.9%, suggesting durable pricing power and operating leverage.
Price trend, volume and key moving averages
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Revenue growth re-accelerated to 20.5% year-over-year in 2026Q3 with operating margin rising from 28.0% in 2025Q2 to 33.9%, though gross margin near 79.0% may face competitive compression.
Fortinet offers a comprehensive cybersecurity platform covering network security, cloud security, zero-trust access, and security operations.
Fortinet is a well-established American cybersecurity company with a diverse product portfolio including firewalls, endpoint security, and intrusion detection systems.
Fortinet is viewed as a solid growth company, with valuation metrics suggesting fair value if growth and margins are maintained.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.91+5.8% vs $0.86 | $2.1B+0.7% vs $2.1B |
Q3 2026 Jul 29, 2026 | $0.90+20.6% vs $0.75 | $2.0B+8.4% vs $1.9B |
Q2 2026 May 6, 2026 | $0.82+32.5% vs $0.62 | $1.8B+6.7% vs $1.7B |
Q1 2026 Feb 5, 2026 | $0.81+9.0% vs $0.74 | $1.9B+2.4% vs $1.9B |
Boston Trust Walden Corp lowered its position in Fortinet, Inc. (NASDAQ: FTNT) by 33.5% in the undefined quarter, according to its most recent 13F filing with the SEC. The firm owned 186,478 shares of the software maker's stock after selling 94,125 shares during the period. Boston Trust Walden Corp's holdings in Fortinet were
SUNNYVALE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the availability of FortiAIGate on the Equinix Distributed AI Hub, a new validated reference architecture, giving organizations a simpler way to secure and govern AI as models, data, compute, applications, and agents become increasingly distributed.
Fortinet raises its 2026 outlook as AI security and enterprise demand fuel growth, but service revenue delays and rising component costs pose challenges.
Wall Street analysts shifted their stances on some of the market's most closely watched names Wednesday, with surprising cuts hitting stocks many investors still consider safe bets and fresh upgrades landing on names that have struggled all year.
Benchmark FTNT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Fortinet, Inc. (FTNT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $118.84 | $87.07B | 48.91 | 14.17% | 27.26% | 135.72% | — | |
| $313.84 | $213.89B | 196.15 | 14.87% | 2.67% | 1.68% | — | |
| $144.17 | $14.72B | 14.99 | 6.25% | 31.74% | 31.62% | — | |
| $93.85 | $369.9B | 28.18 | 11.77% | 20.95% | 27.39% | 1.75% | |
| $31.51 | $2.29B | 24.24 | 4.47% | 13.71% | 7.42% | — | |
| $216.90 | $220.86B | -1355.63 | 21.71% | 1.08% | 1.27% | — |
Fortinet, Inc. (FTNT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Fortinet, Inc. (FTNT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 28, 2026·SEC
Jul 29, 2026·SEC
Jun 16, 2026·SEC
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Fortinet, Inc. (FTNT) stock FAQ — growth, dividends, profitability & financials explained
Fortinet, Inc. (FTNT) reported $7.88B in revenue over the trailing twelve months. Revenue was $6.80B in fiscal year 2025. That is 4277% more than the $155.4M of fiscal year 2007.
Fortinet, Inc. (FTNT) grew revenue by 14.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. Fortinet, Inc. (FTNT) earned $2.28B in net income over the trailing twelve months (a 29.0% net margin).
Fortinet, Inc. (FTNT) had a return on equity (ROE) of 135.7% in fiscal year 2025. That is well above the market's typical 10-15%.
Fortinet, Inc. (FTNT) generated $3.43B in free cash flow over the trailing twelve months.
