Index NDX, S&P 500
P/E 33.46
EPS (ttm) 2.43
Insider Own 17.37%
Shs Outstand 742.90M
Perf Week -0.47%
Market Cap 60.43B
Forward P/E 27.63
EPS next Y 2.94
Insider Trans -0.61%
Shs Float 614.48M
Perf Month 1.18%
Enterprise Value 58.30B
PEG 2.44
EPS next Q 0.74
Inst Own 68.64%
Short Float 3.27%
Perf Quarter -3.51%
Income 1.87B
P/S 9.22
EPS this Y 13.68%
Inst Trans -4.67%
Short Ratio 3.39
Perf Half Y -18.66%
Sales 6.55B
P/B 82.12
EPS next Y 9.17%
ROA 20.57%
Short Interest 20.07M
Perf YTD 2.33%
Book/sh 0.99
P/C 19.35
EPS next 5Y 11.31%
ROE 228.04%
52W High 114.82 -29.23%
Perf Year -18.19%
Cash/sh 4.20
P/FCF 29.79
EPS past 3/5Y 46.01% 42.92%
ROIC 152.13%
52W Low 70.12 15.89%
Perf 3Y 56.99%
Dividend Est. -
EV/EBITDA 26.86
Sales past 3/5Y 21.24% 22.46%
Gross Margin 80.87%
Volatility 2.22% 2.45%
Perf 5Y 167.62%
Dividend TTM -
EV/Sales 8.89
EPS Y/Y TTM 22.52%
Oper. Margin 30.86%
ATR (14) 2.11
Perf 10Y 1364.14%
Dividend Ex-Date -
Quick Ratio 0.94
Sales Y/Y TTM 14.78%
Profit Margin 28.58%
RSI (14) 55.23
Recom 2.60
Dividend Gr. 3/5Y - -
Current Ratio 1.03
EPS Q/Q -10.98%
SMA20 3.07%
Beta 1.06
Target Price 86.60
Payout 0.00%
Debt/Eq 1.35
Sales Q/Q 14.38%
SMA50 1.12%
Rel Volume 1.27
Prev Close 81.51
Employees 14138
LT Debt/Eq 0.68
Earnings Feb 05 AMC
SMA200 -9.28%
Avg Volume 5.93M
Price 81.26
IPO Nov 18, 2009
Option/Short Yes / Yes
EPS/Sales Surpr. 17.24% 1.21%
Trades
Volume 7,499,086
Change -0.31%
Date
Action
Analyst
Rating Change
Price Target Change
Jan-29-26 Upgrade
Rosenblatt
Neutral → Buy
$100
Jan-23-26 Upgrade
TD Cowen
Hold → Buy
$100
Dec-17-25 Downgrade
JP Morgan
Neutral → Underweight
$75
Nov-12-25 Downgrade
Daiwa Securities
Outperform → Neutral
$86
Sep-02-25 Downgrade
Morgan Stanley
Equal-Weight → Underweight
$67
Aug-14-25 Downgrade
Erste Group
Buy → Hold
Aug-08-25 Upgrade
DZ Bank
Hold → Buy
$85
Aug-07-25 Reiterated
BMO Capital Markets
Market Perform
$110 → $90
Aug-07-25 Downgrade
TD Cowen
Buy → Hold
$105
Aug-07-25 Downgrade
Rosenblatt
Buy → Neutral
$85
Aug-07-25 Downgrade
Piper Sandler
Overweight → Neutral
$90
Aug-07-25 Downgrade
Morgan Stanley
Overweight → Equal-Weight
$78
Aug-07-25 Downgrade
KeyBanc Capital Markets
Overweight → Sector Weight
May-08-25 Reiterated
BMO Capital Markets
Market Perform
$122 → $110
May-06-25 Downgrade
DZ Bank
Hold → Sell
$95
Apr-23-25 Initiated
Roth Capital
Neutral
$103
Apr-01-25 Initiated
Stephens
Equal-Weight
$108
Mar-18-25 Resumed
Morgan Stanley
Overweight
Feb-26-25 Resumed
Deutsche Bank
Buy
Feb-03-25 Downgrade
Robert W. Baird
Outperform → Neutral
$105 → $112
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Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.
Insider Trading
Relationship
Date
Transaction
Cost
#Shares
Value ($)
#Shares Total
SEC Form 4
STAVRIDIS JAMES G. Director Dec 31 '25 Option Exercise 0.00 649 0 15,890 Dec 31 08:07 PM Hsieh Ming Director Dec 31 '25 Option Exercise 0.00 649 0 61,385 Dec 31 08:05 PM Napolitano Janet Director Dec 31 '25 Option Exercise 0.00 649 0 2,975 Dec 31 08:04 PM Sim Judith Director Dec 31 '25 Option Exercise 0.00 649 0 128,243 Dec 31 08:03 PM Hu Jean X. Director Dec 31 '25 Option Exercise 0.00 649 0 37,750 Dec 31 08:02 PM GOLDMAN KENNETH A Director Dec 31 '25 Option Exercise 0.00 649 0 22,170 Dec 31 08:01 PM Xie Ken PRESIDENT & CEO Nov 03 '25 Option Exercise 16.90 150,000 2,534,700 51,550,364 Nov 04 07:39 PM Xie Ken PRESIDENT & CEO Nov 01 '25 Option Exercise 0.00 16,832 0 51,408,711 Nov 04 07:39 PM Xie Ken PRESIDENT & CEO Nov 03 '25 Sale 86.51 158,485 13,710,381 51,391,879 Nov 04 07:39 PM Ohlgart Christiane Chief Financial Officer Nov 01 '25 Option Exercise 0.00 685 0 7,078 Nov 04 07:38 PM Ohlgart Christiane Chief Financial Officer Nov 04 '25 Sale 86.50 110 9,515 6,724 Nov 04 07:38 PM Xie Michael VP, ENGINEERING & CTO Nov 01 '25 Option Exercise 0.00 7,035 0 10,499,053 Nov 04 07:37 PM Xie Michael VP, ENGINEERING & CTO Nov 03 '25 Sale 86.53 3,546 306,825 10,492,018 Nov 04 07:37 PM Whittle John CHIEF OPERATING OFFICER Nov 01 '25 Option Exercise 0.00 4,615 0 78,570 Nov 04 07:25 PM MARGRIT CHRISTIANE OHLGART Officer Nov 04 '25 Proposed Sale 87.52 110 9,627 Nov 04 04:33 PM MICHAEL XIE Director Nov 03 '25 Proposed Sale 86.43 3,546 306,481 Nov 03 04:32 PM KEN QING XIE Director Nov 03 '25 Proposed Sale 86.43 158,485 13,697,859 Nov 03 04:32 PM Hsieh Ming Director Sep 30 '25 Option Exercise 0.00 649 0 60,736 Oct 02 04:22 PM Hu Jean X. Director Sep 30 '25 Option Exercise 0.00 649 0 37,101 Oct 02 04:20 PM Sim Judith Director Sep 30 '25 Option Exercise 0.00 649 0 127,594 Oct 02 04:14 PM GOLDMAN KENNETH A Director Sep 30 '25 Option Exercise 0.00 649 0 21,521 Oct 02 04:13 PM STAVRIDIS JAMES G. Director Sep 30 '25 Option Exercise 0.00 649 0 15,241 Oct 02 04:11 PM Napolitano Janet Director Sep 30 '25 Option Exercise 0.00 649 0 2,326 Oct 02 04:10 PM Xie Michael VP, ENGINEERING & CTO Aug 01 '25 Option Exercise 0.00 7,035 0 10,210,645 Aug 05 06:26 PM Xie Michael VP, ENGINEERING & CTO Aug 04 '25 Sale 98.48 476,596 46,936,043 9,730,560 Aug 05 06:26 PM Whittle John CHIEF OPERATING OFFICER Aug 01 '25 Option Exercise 0.00 4,616 0 76,245 Aug 05 06:25 PM Xie Ken PRESIDENT & CEO Aug 04 '25 Option Exercise 16.90 150,000 2,534,700 51,550,365 Aug 05 06:23 PM Xie Ken PRESIDENT & CEO Aug 01 '25 Option Exercise 0.00 16,833 0 51,408,712 Aug 05 06:23 PM Xie Ken PRESIDENT & CEO Aug 04 '25 Sale 98.48 158,486 15,607,891 51,391,879 Aug 05 06:23 PM Ohlgart Christiane Chief Financial Officer Aug 01 '25 Option Exercise 0.00 684 0 6,746 Aug 05 06:21 PM Ohlgart Christiane Chief Financial Officer Aug 05 '25 Sale 98.45 110 10,830 6,393 Aug 05 06:21 PM MARGRIT CHRISTIANE OHLGART Officer Aug 05 '25 Proposed Sale 98.55 110 10,840 Aug 05 04:31 PM KEN QING XIE Director Aug 04 '25 Proposed Sale 97.36 158,486 15,430,197 Aug 04 04:23 PM MICHAEL XIE Director Aug 04 '25 Proposed Sale 97.36 476,596 46,401,387 Aug 04 04:23 PM Hu Jean X. Director Jun 12 '25 Option Exercise 0.00 1,130 0 36,452 Jun 13 04:38 PM Hsieh Ming Director Jun 12 '25 Option Exercise 0.00 1,130 0 60,087 Jun 13 04:37 PM Napolitano Janet Director Jun 12 '25 Option Exercise 0.00 1,677 0 1,677 Jun 13 04:36 PM Wilderotter Mary Agnes Director Jun 12 '25 Option Exercise 0.00 1,130 0 5,069 Jun 13 04:33 PM Sim Judith Director Jun 12 '25 Option Exercise 0.00 1,130 0 126,945 Jun 13 04:31 PM GOLDMAN KENNETH A Director Jun 12 '25 Option Exercise 0.00 1,130 0 20,872 Jun 13 04:30 PM STAVRIDIS JAMES G. Director Jun 12 '25 Option Exercise 0.00 1,130 0 14,592 Jun 13 04:28 PM NEUKOM WILLIAM H. Director Jun 12 '25 Option Exercise 0.00 1,130 0 302,601 Jun 13 04:26 PM NEUKOM WILLIAM H. Director Jun 06 '25 Buy 104.22 335 34,912 301,471 Jun 06 08:00 PM Ohlgart Christiane Chief Financial Officer Jun 06 '25 Sale 104.71 1,164 121,883 6,062 Jun 06 07:58 PM MARGRIT CHRISTIANE OHLGART Officer Jun 06 '25 Proposed Sale 103.50 1,164 120,474 Jun 06 04:20 PM KEITH JENSEN Officer May 27 '25 Proposed Sale 103.16 5,670 584,917 May 27 04:37 PM KEITH JENSEN Officer May 20 '25 Proposed Sale 104.75 3,150 329,962 May 20 04:28 PM Whittle John CHIEF OPERATING OFFICER May 01 '25 Option Exercise 0.00 4,614 0 73,919 May 05 06:13 PM Jensen Keith Chief Financial Officer May 01 '25 Option Exercise 0.00 6,289 0 11,025 May 05 06:11 PM Ohlgart Christiane Chief Accounting Officer May 01 '25 Option Exercise 0.00 7,120 0 9,690 May 05 06:10 PM Xie Michael VP, ENGINEERING & CTO May 01 '25 Option Exercise 0.00 7,036 0 11,007,104 May 05 06:09 PM Xie Michael VP, ENGINEERING & CTO May 02 '25 Sale 106.11 3,546 376,274 11,000,068 May 05 06:09 PM Xie Ken PRESIDENT & CEO May 02 '25 Option Exercise 16.90 150,000 2,534,700 51,550,367 May 05 06:08 PM Xie Ken PRESIDENT & CEO May 01 '25 Option Exercise 0.00 16,837 0 51,408,716 May 05 06:08 PM Xie Ken PRESIDENT & CEO May 02 '25 Sale 106.10 158,488 16,814,799 51,391,879 May 05 06:08 PM MICHAEL XIE Director May 02 '25 Proposed Sale 104.21 3,546 369,529 May 02 04:23 PM KEN QING XIE Director May 02 '25 Proposed Sale 104.21 158,488 16,516,034 May 02 04:22 PM Hu Jean X. Director Mar 31 '25 Option Exercise 0.00 1,130 0 35,322 Apr 01 07:50 PM Wilderotter Mary Agnes Director Mar 31 '25 Option Exercise 0.00 1,130 0 3,939 Apr 01 04:17 PM GOLDMAN KENNETH A Director Mar 31 '25 Option Exercise 0.00 1,130 0 19,742 Apr 01 04:13 PM STAVRIDIS JAMES G. Director Mar 31 '25 Option Exercise 0.00 1,130 0 13,462 Apr 01 04:12 PM Sim Judith Director Mar 31 '25 Option Exercise 0.00 1,130 0 125,815 Apr 01 04:11 PM NEUKOM WILLIAM H. Director Mar 31 '25 Option Exercise 0.00 1,130 0 301,136 Apr 01 04:09 PM Hsieh Ming Director Mar 31 '25 Option Exercise 0.00 1,130 0 58,957 Apr 01 04:08 PM GOLDMAN KENNETH A Director Mar 12 '25 Sale 100.00 2,000 200,000 18,612 Mar 12 07:33 PM Xie Michael VP, ENGINEERING & CTO Mar 11 '25 Sale 98.17 326,784 32,079,517 11,000,068 Mar 11 08:28 PM GOLDMAN KENNETH A Director Mar 10 '25 Sale 99.32 1,000 99,320 20,612 Mar 11 08:27 PM Xie Ken PRESIDENT & CEO Mar 10 '25 Option Exercise 16.90 150,000 2,534,700 51,597,879 Mar 11 08:26 PM Xie Ken PRESIDENT & CEO Mar 10 '25 Sale 96.93 206,000 19,967,936 51,391,879 Mar 11 08:26 PM MICHAEL XIE Director Mar 11 '25 Proposed Sale 96.04 326,784 31,384,335 Mar 11 04:23 PM GOLDMAN KENNETH A Director Mar 10 '25 Proposed Sale 99.77 3,000 299,320 Mar 10 05:30 PM KEN QING XIE Director Mar 10 '25 Proposed Sale 101.28 206,000 20,863,680 Mar 10 04:25 PM NEUKOM WILLIAM H. Director Mar 06 '25 Buy 106.33 328 34,878 300,006 Mar 06 04:48 PM Jensen Keith Chief Financial Officer Feb 26 '25 Option Exercise 43.29 17,660 764,579 22,396 Feb 27 04:50 PM Jensen Keith Chief Financial Officer Feb 26 '25 Sale 109.18 17,660 1,928,064 4,736 Feb 27 04:50 PM Jensen Keith Chief Financial Officer Feb 19 '25 Sale 113.56 23,500 2,668,563 4,736 Feb 20 07:15 PM Xie Michael VP, ENGINEERING & CTO Feb 18 '25 Option Exercise 9.81 473,050 4,641,567 11,326,852 Feb 19 06:00 PM KEITH JENSEN Officer Feb 19 '25 Proposed Sale 114.26 41,160 4,702,942 Feb 19 04:29 PM Xie Ken PRESIDENT & CEO Feb 11 '25 Option Exercise 9.81 41,667 408,837 51,451,633 Feb 13 04:17 PM Xie Ken PRESIDENT & CEO Feb 12 '25 Option Exercise 9.81 41,667 408,837 51,470,600 Feb 13 04:17 PM Xie Ken PRESIDENT & CEO Feb 11 '25 Sale 108.75 22,700 2,468,700 51,428,933 Feb 13 04:17 PM Xie Ken PRESIDENT & CEO Feb 12 '25 Sale 106.61 22,721 2,422,367 51,447,879 Feb 13 04:17 PM KEN QING XIE Director Feb 12 '25 Proposed Sale 108.33 22,721 2,461,366 Feb 12 04:36 PM KEN QING XIE Director Feb 11 '25 Proposed Sale 109.55 22,700 2,486,785 Feb 11 04:32 PM