Overview Dividends

(FTNT) Fortinet - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US34959E1091

Firewall, Cybersecurity, Networking, Security, Software

FTNT EPS (Earnings per Share)

EPS Growth (3Y CAGR): 27.23%
EPS Trend (3Y Correlation): 88.4%

FTNT Revenue

Revenue Growth (3Y CAGR): 13.54%
Revenue Trend (3Y Correlation): 95.1%

Description: FTNT Fortinet

Fortinet Inc (NASDAQ:FTNT) is a leading cybersecurity company that provides a comprehensive range of solutions, including network security, secure connectivity, and artificial intelligence-driven security operations. The companys product portfolio is designed to address the convergence of networking and security, offering a unified approach to protect against cyber threats.

Key Performance Indicators (KPIs) for Fortinet include revenue growth, customer acquisition, and product innovation. With a strong presence in the cybersecurity market, Fortinet has established itself as a leader in the industry, serving large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. The companys commitment to research and development is evident in its FortiGuard Lab, a cybersecurity threat intelligence and research organization.

From a financial perspective, Fortinets market capitalization stands at approximately $80.9 billion, with a forward P/E ratio of 41.32, indicating a relatively high valuation. However, the companys Return on Equity (RoE) of 161.56% suggests strong profitability. To further evaluate Fortinets stock performance, we can examine its support and resistance levels, which indicate potential price floors at $98.2, $93.3, $77.3, and $59.0.

To assess the stocks potential for future growth, we can analyze its technical indicators, such as the Simple Moving Averages (SMA). With the SMA20 and SMA50 indicating a stable trend, and the SMA200 at $96.89, the overall trend appears bullish. Additionally, the Average True Range (ATR) of 2.69 (2.57%) suggests moderate volatility.

FTNT Stock Overview

Market Cap in USD	58,945m
Sub-Industry	Systems Software
IPO / Inception	2009-11-18

FTNT Stock Ratings

Growth Rating	55.4%
Fundamental	91.1%
Dividend Rating	-
Return 12m vs S&P 500	-10.4%
Analyst Rating	3.47 of 5

FTNT Dividends

Currently no dividends paid

FTNT Growth Ratios

Growth Correlation 3m	-72.1%
Growth Correlation 12m	27.6%
Growth Correlation 5y	77.3%
CAGR 5y	17.43%
CAGR/Max DD 3y	0.45
CAGR/Mean DD 3y	1.62
Sharpe Ratio 12m	0.67
Alpha	0.16
Beta	0.505
Volatility	35.54%
Current Volume	4978.2k
Average Volume 20d	6127.7k
Stop Loss	77.8 (-3.1%)
Signal	0.42

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (1.94b TTM) > 0 and > 6% of Revenue (6% = 380.3m TTM)

FCFTA 0.19 (>2.0%) and ΔFCFTA -0.44pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 24.76% (prev 21.56%; Δ 3.20pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.23 (>3.0%) and CFO 2.40b > Net Income 1.94b (YES >=105%, WARN >=100%)

Net Debt (-2.37b) to EBITDA (2.35b) ratio: -1.01 <= 3.0 (WARN <= 3.5)

Current Ratio 1.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (774.8m) change vs 12m ago 0.64% (target <= -2.0% for YES)

Gross Margin 81.50% (prev 78.09%; Δ 3.41pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 67.81% (prev 68.76%; Δ -0.96pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 117.6 (EBITDA TTM 2.35b / Interest Expense TTM 19.4m) >= 6 (WARN >= 3)

Altman Z'' 2.76

(A) 0.15 = (Total Current Assets 6.35b - Total Current Liabilities 4.78b) / Total Assets 10.64b

(B) 0.03 = Retained Earnings (Balance) 364.4m / Total Assets 10.64b

(D) 0.04 = Book Value of Equity 344.5m / Total Liabilities 8.58b

Total Rating: 2.76 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 91.14

1. Piotroski 5.50pt = 0.50

2. FCF Yield 3.67% = 1.84

3. FCF Margin 32.07% = 7.50

4. Debt/Equity 0.48 = 2.39

5. Debt/Ebitda 0.42 = 2.36

6. ROIC - WACC (= 67.71)% = 12.50

7. RoE 120.7% = 2.50

8. Rev. Trend 95.15% = 7.14

9. EPS Trend 88.41% = 4.42

What is the price of FTNT shares?

As of September 18, 2025, the stock is trading at USD 80.29 with a total of 4,978,222 shares traded.
Over the past week, the price has changed by +1.02%, over one month by -0.58%, over three months by -21.96% and over the past year by +6.19%.

Is Fortinet a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Fortinet (NASDAQ:FTNT) is currently (September 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 91.14 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of FTNT is around 74.05 USD . This means that FTNT is currently overvalued and has a potential downside of -7.77%.

Is FTNT a buy, sell or hold?

Fortinet has received a consensus analysts rating of 3.47. Therefor, it is recommend to hold FTNT.

Strong Buy: 9
Buy: 7
Hold: 27
Sell: 0
Strong Sell: 2

What are the forecasts/targets for the FTNT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	90.1	12.2%
Analysts Target Price	90.1	12.2%
ValueRay Target Price	82	2.2%

Last update: 2025-09-04 04:38

FTNT Fundamental Data Overview

Market Cap USD = 58.95b (58.95b USD * 1.0 USD.USD)
CCE Cash And Equivalents = 4.56b USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 30.6474
P/E Forward = 27.7008
P/S = 9.3004
P/B = 28.6085
P/EG = 1.873
Beta = 1.079
Revenue TTM = 6.34b USD
EBIT TTM = 2.28b USD
EBITDA TTM = 2.35b USD
Long Term Debt = 496.3m USD (from longTermDebt, last quarter)
Short Term Debt = 499.0m USD (from shortTermDebt, last quarter)
Debt = 995.3m USD (Calculated: Short Term 499.0m + Long Term 496.3m)
Net Debt = -2.37b USD (from netDebt column, last quarter)
Enterprise Value = 55.38b USD (58.95b + Debt 995.3m - CCE 4.56b)
Interest Coverage Ratio = 117.6 (Ebit TTM 2.28b / Interest Expense TTM 19.4m)
FCF Yield = 3.67% (FCF TTM 2.03b / Enterprise Value 55.38b)
FCF Margin = 32.07% (FCF TTM 2.03b / Revenue TTM 6.34b)
Net Margin = 30.60% (Net Income TTM 1.94b / Revenue TTM 6.34b)
Gross Margin = 81.50% ((Revenue TTM 6.34b - Cost of Revenue TTM 1.17b) / Revenue TTM)
Tobins Q-Ratio = 160.7 (set to none) (Enterprise Value 55.38b / Book Value Of Equity 344.5m)
Interest Expense / Debt = 0.46% (Interest Expense 4.60m / Debt 995.3m)
Taxrate = 13.99% (283.9m / 2.03b)
NOPAT = 1.96b (EBIT 2.28b * (1 - 13.99%))
Current Ratio = 1.33 (Total Current Assets 6.35b / Total Current Liabilities 4.78b)
Debt / Equity = 0.48 (Debt 995.3m / last Quarter total Stockholder Equity 2.06b)
Debt / EBITDA = 0.42 (Net Debt -2.37b / EBITDA 2.35b)
Debt / FCF = 0.49 (Debt 995.3m / FCF TTM 2.03b)
Total Stockholder Equity = 1.61b (last 4 quarters mean)
RoA = 18.23% (Net Income 1.94b, Total Assets 10.64b )
RoE = 120.7% (Net Income TTM 1.94b / Total Stockholder Equity 1.61b)
RoCE = 108.5% (Ebit 2.28b / (Equity 1.61b + L.T.Debt 496.3m))
RoIC = 75.45% (NOPAT 1.96b / Invested Capital 2.60b)
WACC = 7.75% (E(58.95b)/V(59.94b) * Re(7.87%)) + (D(995.3m)/V(59.94b) * Rd(0.46%) * (1-Tc(0.14)))
Shares Correlation 3-Years: -45.45 | Cagr: -0.27%
Discount Rate = 7.87% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 80.90% ; FCFE base≈1.85b ; Y1≈2.19b ; Y5≈3.43b
Fair Price DCF = 76.53 (DCF Value 58.64b / Shares Outstanding 766.3m; 5y FCF grow 19.93% → 3.0% )
EPS Correlation: 88.41 | EPS CAGR: 27.23% | SUE: 1.12 | # QB: 16
Revenue Correlation: 95.15 | Revenue CAGR: 13.54% | SUE: 0.47 | # QB: 0

Additional Sources for FTNT Stock

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