Fortinet, Inc.

  • Market Cap: Large Cap
  • Industry: Computers - Software & Consulting
  • ISIN: US34959E1091
USD
85.18
2.24 (2.7%)
  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

2.59 M

Shareholding (Mar 2025)

FII

24.51%

Held by 493 FIIs

DII

45.68%

Held by 89 DIIs

Promoter

0.04%

How big is Fortinet, Inc.?

22-Jun-2025

As of Jun 18, Fortinet, Inc. has a market capitalization of $78.75 billion, with net sales of $6.14 billion and net profit of $1.88 billion over the latest four quarters.

As of Jun 18, Fortinet, Inc. has a market capitalization of 78,746.04 million, classifying it as a Large Cap company.<BR><BR>As of Jun 18, the sum of Net Sales for the latest four quarters is 6,142.20 million, while the sum of Net Profit for the same period is 1,879.30 million.<BR><BR>As of Dec 24, the reporting period shows Shareholder's Funds at 1,493.80 million and Total Assets at 9,763.10 million.

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What does Fortinet, Inc. do?

22-Jun-2025

Fortinet, Inc. is a network security company that offers cyber security solutions for enterprises, service providers, and government organizations. As of March 2025, it reported net sales of $1.54 billion and a net profit of $433 million, with a market cap of approximately $78.75 billion.

Overview: <BR>Fortinet, Inc. is a network security company that provides cyber security solutions to enterprises, service providers, and government organizations, operating within the Computers - Software & Consulting industry and classified as a large-cap company.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 1,540 Million (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 433 Million (Quarterly Results - Mar 2025) <BR>Market-cap: USD 78,746.04 Million (Large Cap)<BR><BR>Key Metrics: <BR>P/E: 43.00 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.93 <BR>Return on Equity: 95.20% <BR>Price to Book: 40.12<BR><BR>Contact Details: <BR>Address: 899 Kifer Rd, SUNNYVALE CA: 94086-5205 <BR>Tel: 1 408 2357700 <BR>Website: https://www.fortinet.com/

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Should I buy, sell or hold Fortinet, Inc.?

22-Jun-2025

Who are in the management team of Fortinet, Inc.?

22-Jun-2025

As of March 2022, the management team of Fortinet, Inc. includes CEO and Founder Ken Xie, President and CTO Michael Xie, Lead Independent Director William Neukom, and several Independent Directors: Kenneth Goldman, Kelly Ducourty, Ming Hsieh, and Jean Hu. They are responsible for guiding the company's strategic direction and operations.

As of March 2022, the management team of Fortinet, Inc. includes:<BR><BR>- Mr. Ken Xie, who serves as the Chairman of the Board, Chief Executive Officer, and Founder.<BR>- Mr. Michael Xie, who is the President, Chief Technology Officer, and Director.<BR>- Mr. William Neukom, who is the Lead Independent Director.<BR>- Mr. Kenneth Goldman, who is a Director.<BR>- Ms. Kelly Ducourty, who is an Independent Director.<BR>- Mr. Ming Hsieh, who is also an Independent Director.<BR>- Ms. Jean Hu, who serves as an Independent Director.<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

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Is Fortinet, Inc. overvalued or undervalued?

21-Oct-2025

As of October 17, 2025, Fortinet, Inc. is considered very attractive with a P/E ratio of 43 and a PEG ratio of 0.79, indicating it may be undervalued compared to peers like IBM and Cisco, despite a year-to-date return of -11.69%, while its five-year return of 217.17% suggests strong long-term growth potential.

As of 17 October 2025, the valuation grade for Fortinet, Inc. moved from expensive to very attractive, indicating a shift towards a more favorable assessment. Based on the current metrics, the company appears undervalued. The P/E ratio stands at 43, while the PEG ratio is notably lower at 0.79, suggesting that the stock may be undervalued relative to its growth prospects. Additionally, the EV to EBITDA ratio of 37.22 further supports this valuation perspective.<BR><BR>In comparison with peers, Fortinet's P/E ratio of 32.08 is significantly lower than that of International Business Machines Corp., which has a P/E of 82.85, indicating that Fortinet may offer better value. Cisco Systems, Inc. also presents a fair valuation with a P/E of 23.85, reinforcing the notion that Fortinet is positioned attractively in its industry. Despite a year-to-date return of -11.69% compared to the S&P 500's 13.30%, Fortinet's five-year return of 217.17% highlights its potential for long-term growth.

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Is Fortinet, Inc. technically bullish or bearish?

05-Nov-2025

As of October 31, 2025, Fortinet, Inc. shows a mildly bullish technical trend, supported by weekly indicators, despite mixed signals and underperformance year-to-date compared to the S&P 500, while outperforming over the 3- and 5-year periods.

As of 31 October 2025, the technical trend for Fortinet, Inc. has changed from sideways to mildly bullish. The weekly MACD and KST indicators are both mildly bullish, supporting this stance, while the monthly MACD and KST are mildly bearish, indicating some caution. The weekly RSI is bullish, but the monthly RSI shows no signal. Moving averages on a daily basis are mildly bearish, which contrasts with the overall mildly bullish weekly and monthly Dow Theory signals. <BR><BR>In terms of performance, Fortinet has underperformed the S&P 500 year-to-date with a return of -9.80% compared to the S&P 500's 16.30%, but it has outperformed over the 3-year and 5-year periods, with returns of 85.54% and 279.06%, respectively, versus 76.66% and 109.18% for the benchmark. Overall, the technical stance is mildly bullish, but mixed signals suggest caution.

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iScoreScore
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Strong Sell
Sell
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Strong Buy

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Dashboard
1

Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 2,227.94%

  • Healthy long term growth as Net Sales has grown by an annual rate of 21.90% and Operating profit at 36.35%
  • Company has a low Debt to Equity ratio (avg) at times
2

The company has declared Positive results for the last 4 consecutive quarters

3

With ROE of 95.20%, it has a fair valuation with a 40.92 Price to Book Value

4

High Institutional Holdings at 73.75%

5

Underperformed the market in the last 1 year

stock-summaryMojo Parameters
Mojo Parameters
Stock DNA
stock-summary
Industry

Computers - Software & Consulting

stock-summary
Market cap

USD 61,577 Million (Large Cap)

stock-summary
P/E

43.00

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-1.73

stock-summary
Return on Equity

93.15%

stock-summary
Price to Book

29.89

Revenue and Profits:
Net Sales:
1,630 Million
(Quarterly Results - Jun 2025)
Net Profit:
440 Million
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
11.23%
0%
11.23%
6 Months
-17.2%
0%
-17.2%
1 Year
-10.61%
0%
-10.61%
2 Years
62.28%
0%
62.28%
3 Years
58.89%
0%
58.89%
4 Years
40.64%
0%
40.64%
5 Years
237.77%
0%
237.77%

Fortinet, Inc. for the last several years.

Risk Adjusted Returns v/s stock-summary
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
Icon
No corporate action available
stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
21.90%
EBIT Growth (5y)
36.35%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.93
Sales to Capital Employed (avg)
4.29
Tax Ratio
15.27%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
73.75%
ROCE (avg)
0
ROE (avg)
2,227.94%
Valuation key factors
Factor
Value
P/E Ratio
43
Industry P/E
Price to Book Value
40.92
EV to EBIT
39.73
EV to EBITDA
37.22
EV to Capital Employed
-41.99
EV to Sales
12.46
PEG Ratio
0.79
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
95.20%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
No Trend
Mildly Bullish
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Domestic Funds

Domestic Funds

Held in 174 Schemes (29.73%)

Foreign Institutions

Held by 493 Foreign Institutions (24.51%)

Strategic Entities with highest holding

Highest Public shareholder

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 13.64% vs 10.95% in Jun 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Jun 2025 is 15.88% vs 42.62% in Jun 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Jun'25",
        "Jun'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,630.00",
          "val2": "1,434.30",
          "chgp": "13.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "495.00",
          "val2": "465.20",
          "chgp": "6.41%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "4.60",
          "val2": "5.00",
          "chgp": "-8.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "11.30",
          "val2": "-0.20",
          "chgp": "5,750.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "440.10",
          "val2": "379.80",
          "chgp": "15.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "280.20%",
          "val2": "304.00%",
          "chgp": "-2.38%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'24",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Dec 2024 is 12.27% vs 20.09% in Dec 2023",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is 52.05% vs 33.99% in Dec 2023",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "5,955.80",
          "val2": "5,304.80",
          "chgp": "12.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,921.60",
          "val2": "1,349.90",
          "chgp": "42.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "20.00",
          "val2": "21.00",
          "chgp": "-4.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "26.40",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "1,745.20",
          "val2": "1,147.80",
          "chgp": "52.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "302.00%",
          "val2": "233.10%",
          "chgp": "6.89%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]
Quarterly Results Snapshot (Consolidated) - Jun'25 - YoYstock-summary
Jun'25
Jun'24
Change(%)
Net Sales
1,630.00
1,434.30
13.64%
Operating Profit (PBDIT) excl Other Income
495.00
465.20
6.41%
Interest
4.60
5.00
-8.00%
Exceptional Items
11.30
-0.20
5,750.00%
Consolidate Net Profit
440.10
379.80
15.88%
Operating Profit Margin (Excl OI)
280.20%
304.00%
-2.38%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in quarter ended Jun 2025 is 13.64% vs 10.95% in Jun 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Jun 2025 is 15.88% vs 42.62% in Jun 2024

Annual Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
5,955.80
5,304.80
12.27%
Operating Profit (PBDIT) excl Other Income
1,921.60
1,349.90
42.35%
Interest
20.00
21.00
-4.76%
Exceptional Items
26.40
0.00
Consolidate Net Profit
1,745.20
1,147.80
52.05%
Operating Profit Margin (Excl OI)
302.00%
233.10%
6.89%
USD in Million.
Direction Arrows
Net Sales

YoY Growth in year ended Dec 2024 is 12.27% vs 20.09% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Dec 2024 is 52.05% vs 33.99% in Dec 2023

stock-summaryCompany CV
About Fortinet, Inc. stock-summary
stock-summary
Fortinet, Inc.
Computers - Software & Consulting
Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.
Company Coordinates stock-summary
Company Details
899 Kifer Rd , SUNNYVALE CA : 94086-5205
stock-summary
Tel: 1 408 2357700
stock-summary
Registrar Details