Price Alert

Fortinet Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD

77.25

-2.08 (-2.62%)

At close: Aug 14, 2025, 3:59 PM

77.80

0.71%

After-hours: Aug 14, 2025, 07:59 PM EDT

Fortinet Statistics

Share Statistics

Fortinet has 765.42M shares outstanding. The number of shares has increased by 0.07% in one year.

Shares Outstanding	765.42M
Shares Change (YoY)	0.07%
Shares Change (QoQ)	-0.46%
Owned by Institutions (%)	65.49%
Shares Floating	637.35M
Failed to Deliver (FTD) Shares	2,597
FTD / Avg. Volume	0.05%

Short Selling Information

The latest short interest is 18.55M, so 2.42% of the outstanding shares have been sold short.

Short Interest	18.55M
Short % of Shares Out	2.42%
Short % of Float	2.92%
Short Ratio (days to cover)	3.94

Valuation Ratios

The PE ratio is 41.38 and the forward PE ratio is 26.85. Fortinet's PEG ratio is 0.75.

PE Ratio	41.38
Forward PE	26.85
PS Ratio	12.13
Forward PS	7.6
PB Ratio	48.35
P/FCF Ratio	38.43
PEG Ratio	0.75

Financial Ratio History

Enterprise Valuation

Fortinet has an Enterprise Value (EV) of 70.42B.

EV / Sales	11.82
EV / EBITDA	31.99
EV / EBIT	31.18
EV / FCF	37.47

Financial Position

The company has a current ratio of 1.47, with a Debt / Equity ratio of 0.72.

Current Ratio	1.47
Quick Ratio	1.39
Debt / Equity	0.72
Debt / EBITDA	0.45
Debt / FCF	0.53
Interest Coverage	90.17

Financial Efficiency

Return on Equity is 116.83% and Return on Invested Capital is 27.05%.

Return on Equity	116.83%
Return on Assets	17.88%
Return on Invested Capital	27.05%
Revenue Per Employee	$409.16K
Profits Per Employee	$119.9K
Employee Count	14,556
Asset Turnover	0.61
Inventory Turnover	3.67

Taxes

Income Tax	283.9M
Effective Tax Rate	13.99%

Stock Price Statistics

The stock price has increased by 6.01% in the last 52 weeks. The beta is 1.08, so Fortinet's price volatility has been higher than the market average.

Beta	1.08
52-Week Price Change	6.01%
50-Day Moving Average	101.72
200-Day Moving Average	98.7
Relative Strength Index (RSI)	16.38
Average Volume (20 Days)	5,304,670

Income Statement

In the last 12 months, Fortinet had revenue of 5.96B and earned 1.75B in profits. Earnings per share was 2.28.

Revenue	5.96B
Gross Profit	4.8B
Operating Income	1.8B
Net Income	1.75B
EBITDA	2.2B
EBIT	2.08B
Earnings Per Share (EPS)	2.28

Full Income Statement

Balance Sheet

The company has 2.88B in cash and 994.3M in debt, giving a net cash position of 1.88B.

Cash & Cash Equivalents	2.88B
Total Debt	994.3M
Net Cash	1.88B
Retained Earnings	-117.1M
Total Assets	10.64B
Working Capital	1.57B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 2.26B and capital expenditures -378.9M, giving a free cash flow of 1.88B.

Operating Cash Flow	2.26B
Capital Expenditures	-378.9M
Free Cash Flow	1.88B
FCF Per Share	2.46

Full Cash Flow Statement

Margins

Gross margin is 80.56%, with operating and profit margins of 30.28% and 29.3%.

Gross Margin	80.56%
Operating Margin	30.28%
Pretax Margin	34.07%
Profit Margin	29.3%
EBITDA Margin	36.96%
EBIT Margin	30.28%
FCF Margin	31.55%

Dividends & Yields

FTNT does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	2.42%
FCF Yield	2.6%

Dividend Details

Analyst Forecast

The average price target for FTNT is $95, which is 27.4% higher than the current price. The consensus rating is "Hold".

Price Target	$95
Price Target Difference	27.4%
Analyst Consensus	Hold
Analyst Count	31

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$57
Lynch Upside	-23.58%
Graham Number	10.02
Graham Upside	-86.57%

Stock Splits

The last stock split was on Jun 23, 2022. It was a forward split with a ratio of 5:1.

Last Split Date	Jun 23, 2022
Split Type	forward
Split Ratio	5:1

Scores

Altman Z-Score	5.51
Piotroski F-Score	6