Company Profile: Fortinet, Inc. (FTNT)

FTNT insider trades (13 months) →

$128.11 +1.51% vs. previous close · Market cap $94.12B

Today's multi-factor rank: 12 of 461 · see the ranking

Quant500 Scores

Momentum

8.4/10

Value

3.7/10

Growth

5.7/10

Quality

7.4/10

Multifactor

6.3/10

Market and Valuation

Price & Market

Prev Close Price:$126.21

Open:$128.20

Day's Low:$127.00

Day's High:$130.76

Bid / Ask:-

Market Cap:94.12B

Enterprise Value:88.49B

52-Week Range

52-Week Low:$73.55

52-Week High:$197.13

Current position in 52-week range

52w Low-52w High

50-Day Avg:$170.80

200-Day Avg:$128.63

Volume

Volume Today:5,965,128

Avg Volume (3m):4,627,017

Avg Volume (10d):6,965,720

52-Week Change:+48.10%

vs S&P 500, 52 weeks:-

Beta:1.04

Valuation Multiples

P/E (trailing):41.73

Diluted EPS for the last 12 months: the four quarters ended Sep 30, 2026, from the accounts filed with the SEC on Oct 30, 2026. The P/E is the price divided by that EPS.

P/E (forward):32.86

PEG Ratio:1.47

Price / Book:41.88

Price / Sales (TTM):11.94

EV / Revenue:11.23

EV / EBITDA:32.13

Dividends

Current yield:-

Annual Dividend Rate:-

Dividend Trailing:$0.00

Yield Trailing:0.00%

5-Year Avg Yield:-

Payout Ratio:0.00%

Last Ex-Dividend Date:-

Valuation Context

P/E vs sector (indicative)

Most Recent Quarter:-

Fiscal Year (Next):-

Date Filter (Month):

Loading historical OHLCV database...

Financial Statements TTM (Trailing 12 Months)

Income Statement

Total Revenue (TTM):7.88B

Gross Profit:6.29B

EBITDA:2.75B

Net Income (TTM):2.28B

Rev Growth (YoY):+20.50%

Earnings Growth (YoY):+38.70%

Quarterly earnings growth (YoY):+34.10%

Margins

Gross Margin:-

EBITDA Margin:-

Operating Margin:-

Net Margin:-

Per Share

EPS Trailing (TTM):$3.07

Diluted EPS for the last 12 months: the four quarters ended Sep 30, 2026, from the accounts filed with the SEC on Oct 30, 2026. The P/E is the price divided by that EPS.

EPS Forward (Est.):$3.90

Revenue Per Share:$10.69

Cash Per Share:-

Book Value:$3.06

Last Dividend:-

Ex-Dividend Date:-

Last Split:-

Balance Sheet & Liquidity

Total cash:4.80B

Total Debt:560.50M

Net Debt (Debt - Cash):−4.24B (net cash)

Debt / Equity:24.95%

Current Ratio:1.40

Quick Ratio:1.23

Cash Flows

Operating Cash Flow:3.69B

Free Cash Flow (FCF):2.49B

FCF Yield (FCF / Market Cap):-

Enterprise Value:88.49B

EV / Revenue:11.23

EV / EBITDA:32.13

Profitability

ROE (Return on Equity):153.08%

ROA (Return on Assets):15.22%

P/E (trailing):41.73

P/E (forward):32.86

Price / Book:41.88

PEG Ratio:1.47

52-Week Change:+48.10%

S&P 500 change, 52 weeks:+11.37%

Historical Evolution (Last 4 Years)

Income Statement

Balance Sheet

Cash Flow

EPS and Earnings Per Share

Key EPS Metrics

EPS Trailing (TTM):$3.07

Diluted EPS for the last 12 months: the four quarters ended Sep 30, 2026, from the accounts filed with the SEC on Oct 30, 2026. The P/E is the price divided by that EPS.

EPS Forward (Est.):$3.90

P/E (forward):32.86

PEG Ratio:1.47

Growth and Margins

Earnings Growth YoY:-

Quarterly Earnings Growth YoY:-

Rev Growth YoY:-

Net Margin:-

Gross Margin:-

EBITDA Margin:-

Per Share

Revenue Per Share:$10.69

Cash Per Share:-

Book Value:$3.06

Cash Flows (TTM)

Free Cash Flow:2.49B

Operating Cash Flow:3.69B

EBITDA:2.75B

Total Revenue (TTM):7.88B

Net Income (TTM):2.28B

Fiscal Year (Last):-

EPS Surprise History - Last 4 Quarters

Actual vs. Analyst Estimates · Green = beat expectations · Red = missed

Quarter	Period	Actual EPS	Estimated EPS	Difference	Surprise %	Currency

Ownership Structure

Ownership Distribution

% Insiders:-

% Institutional:-

% Inst. (of Float):-

No. of Institutions:-

Visual distribution

InsidersInstitutionalFree Float

Shares & Short Interest

Shares Outstanding:734,709,741

Float (free shares):619,903,997

Short interest (shares):12,077,511

Short % of float:-

Short Ratio (days to cover):3.12

Short interest, prior month:-

Short Interest Date:-

Governance Score (1=Best, 10=Worst)

Overall risk:-

Audit Risk:-

Board risk:-

Compensation Risk:-

Shareholder rights risk:-

Top Institutional Holders

Position Change: ▲ Increased · ▼ Reduced · = Unchanged

Organization	Report Date	% Shares	No. Shares	Value (USD)	Change %

Top Mutual Funds

Position Change: ▲ Increased ▼ Decreased = Unchanged

Fund	Report Date	% Shares	No. Shares	Value (USD)	Change %

Recent Insider Trades

Executive / Insider	Title	Date	Action	Shares

Options Chain

Expiration Date:

CALLS

Strike	Last	Bid	Ask	Vol.	O.I.	IV

PUTS

Strike	Last	Bid	Ask	Vol.	O.I.	IV

Fortinet, Inc. (FTNT) SEC filings: 10-K, 10-Q and 8-K

Direct links to financial reports filed with the SEC.

Type	Date	Official link
10-Q	2026-10-30	View filing ↗
8-K	2026-10-28	View filing ↗
10-Q	2026-07-30	View filing ↗
8-K	2026-07-29	View filing ↗
8-K	2026-06-16	View filing ↗
SD	2026-05-27	View filing ↗
10-Q	2026-05-08	View filing ↗
8-K	2026-05-06	View filing ↗
ARS	2026-04-29	View filing ↗
10-K	2026-02-25	View filing ↗

Company and Executive 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.

General Information

Headquarters:United States

City:Sunnyvale

Employees:15,540

Sector:Technology

Industry:Software - Infrastructure

Website:-

Key Executives

Name	Title	Age	Total pay
Mr. Ken Xie	Co-Founder, Chairman & CEO	62	1.30M
Mr. Michael Xie	Co-Founder, President, CTO & Director	56	773,876
Ms. Christiane Ohlgart	Chief Accounting Officer, CFO and Principal Financial & Accounting Officer	57	774,515
Mr. John Whittle J.D.	Chief Operating Officer	56	960,000
Mr. Anthony Luscri	Vice President of Investor Relations	-	-
Mr. Anthony James	Executive Vice President of Marketing	-	-
Mr. Robert May	Executive Vice President of Technology & Product Management	-	-
Mr. Joe Sarno	Executive Vice President of International Sales	-	-

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Fortinet, Inc. (FTNT): Quantitative Analysis

Name: Factor scores for Fortinet, Inc. (FTNT)
Creator: Quant500
License: https://quant500.com/legal

Fortinet, Inc. (FTNT) — Technology — Software - Infrastructure. FTNT is in the S&P 500 today. Model factor scores and market data, recalculated every trading day.

So far in 2026, FTNT has returned +61.3% against +11.4% for the S&P 500 (SPY): total return, dividends included on both sides, from Dec 31, 2025 to Nov 3, 2026.

FTNT ranks 12 of 461 on today's multifactor score, and 9 of the 83 Technology companies that score. Its strongest factor is momentum (Z 2.05, ranked 14 of 494); its weakest is value (Z -0.78, ranked 471 of 489). Each factor ranks only the companies with data for it, and the multifactor score only those with all four: that is why the totals differ.

Factor scores

The Z-Score is how many standard deviations the company sits from the index average: 0 is average, positive is better than average, negative is worse.

Factor	Z-Score	Rank
Multifactor	0.770	12 of 461 =
Momentum	2.049	14 of 494 ↑2
Value	-0.780	471 of 489 =
Quality	1.416	13 of 468 ↓1
Growth	0.394	84 of 489

Market data

Metric	Value
Price	$128.11
Market Cap	94.12B
P/E	41.73
Revenue (last 12 months)	7.88B
Price / book	41.88
Book value per share	$3.06
52-week range	$73.55 – $197.13
Dividend yield	0.00%
Beta	1.04
Average volume	4,627,017
Shares outstanding	734.71M
Short interest (% of float)	1.99% (as of Oct 15, 2026)

When does FTNT report earnings? 11 of its last 11, after the close →

What are FTNT insiders doing? 100 transactions filed with the SEC, of them 22 sells, the last one on Sep 30, 2026 →

FTNT latest SEC filings

Annual report (10-K): filed Feb 25, 2026, fiscal year ended Dec 31, 2025 · view the filing on sec.gov
Quarterly report (10-Q): filed Oct 30, 2026, quarter ended Sep 30, 2026 · view the filing on sec.gov
Earnings release (8-K): Oct 28, 2026, after the close · view the 8-K on sec.gov

Filing dates on EDGAR, the SEC's public registry. All FTNT filings on EDGAR.

Guides: How to read a Quant500 company page · What the S&P 500 is · P/E ratio explained · 10-K, 10-Q and 8-K · all guides

Frequently asked questions about Fortinet (FTNT)

When does Fortinet report earnings?

Fortinet has no announced date in the Nasdaq public calendar checked (Nov 3, 2026 to Dec 7, 2026). Of its last 12 earnings announcements: 11 after the close (and 1 with no time on the filing) (SEC filings through Oct 28, 2026). FTNT earnings dates and times, quarter by quarter →

What is Fortinet's P/E ratio?

Fortinet's P/E (price over earnings per share for the last twelve months) is 41.7 at the Nov 3, 2026 close. That EPS is the 12-month diluted figure from the SEC, the four quarters ended Sep 30, 2026. The median of the 81 Technology companies with a P/E is 30.4, and the S&P 500's, 23.5: Fortinet is above its sector median. Technology stocks, company by company →

Where does Fortinet rank on Quant500?

In the Nov 3, 2026 multi-factor ranking, Fortinet ranks 12 of 461, and 9 of the 83 Technology companies that score. The ranking orders S&P 500 companies by the average of four factors (momentum, value, quality and growth) and is recalculated every trading day. It is a model output, not investment advice. The full ranking → How it is calculated →

Have Fortinet insiders bought or sold shares?

SEC Form 4 shows no open-market purchase of Fortinet shares from August 2025 through Nov 3, 2026. The latest sale was on Sep 24, 2026, by an officer, for $9k. In total, from August 2025 through Nov 3, 2026: 0 purchases and 22 sales by directors, officers and large shareholders. All FTNT insider trades →

What sector is Fortinet in, and which index?

Fortinet is classified in the Technology sector (industry: Software - Infrastructure), per the data provider's classification (similar to GICS, not identical). It is in the S&P 500 today. It is one of the 85 S&P 500 companies in that sector. Technology stocks →

What is behind these numbers

The concepts on this page, explained from scratch in the Academy. Free, no account.

Valuation multiples: P/E, P/B, EV/EBITDA and their trapsWhy the P/E and the price-to-book in the table above cannot be compared across sectors, and what a low P/E can hide.
Value and momentum: the two that have survived bestWhat the value and momentum scores on this page actually measure, and why they are the two factors that have best survived scrutiny.
Quality and low volatilityWhere the quality score comes from, and why it is the factor with the most competing definitions, all of them called the same thing.
Sales growth: the driver that gets overestimated mostWhat sits behind the growth score and the twelve-month revenue, and why it is the number people extrapolate too far most often.

The whole Academy, course by course →

Data as of Nov 3, 2026. Source: point-in-time SEC fundamentals and closing prices. Method and formulas are on the home page.

Company Profile: Fortinet, Inc. (FTNT)

Market and Valuation

Price & Market

52-Week Range

Volume

Valuation Multiples

Dividends

Valuation Context

Financial Statements TTM (Trailing 12 Months)

Income Statement

Margins

Per Share

Balance Sheet & Liquidity

Cash Flows

Profitability

Historical Evolution (Last 4 Years)

Income Statement

Balance Sheet

Cash Flow

EPS and Earnings Per Share

Key EPS Metrics

Growth and Margins

Per Share

Cash Flows (TTM)

EPS Surprise History - Last 4 Quarters

Ownership Structure

Ownership Distribution

Shares & Short Interest

Governance Score (1=Best, 10=Worst)

Top Institutional Holders

Top Mutual Funds

Recent Insider Trades

Options Chain

CALLS

PUTS

Sentiment Metrics

Expected move

Fortinet, Inc. (FTNT) SEC filings: 10-K, 10-Q and 8-K

Company and Executive Profile

General Information

Key Executives

You have seen the engine room

Fortinet, Inc. (FTNT): Quantitative Analysis

Factor scores

Market data

FTNT latest SEC filings

Frequently asked questions about Fortinet (FTNT)

When does Fortinet report earnings?

What is Fortinet's P/E ratio?

Where does Fortinet rank on Quant500?

Have Fortinet insiders bought or sold shares?

What sector is Fortinet in, and which index?

What is behind these numbers