Analyst Perspectives | Average price target of $109, ranging from $90 to $135, reflects varied outlooks on Fortinet's ability to navigate upcoming product refresh cycles |
Market Opportunities | Delve into Fortinet's expansion in SASE and SecOps markets, with ARR growth of 26% and 30% respectively, signaling promising future prospects |
Growth Challenges | Explore Fortinet's strategic response to slowing billings growth and potential margin pressures, balancing innovation with operational efficiency |
Cybersecurity Leade | Fortinet maintains strong market position with impressive gross profit margins of 81.29%, showcasing resilience in a competitive landscape |

Metrics to compare | FTNT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipFTNTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 50.2x | 46.3x | 12.7x | |
PEG Ratio | 7.90 | 1.31 | 0.01 | |
Price / Book | 99.1x | 31.0x | 2.4x | |
Price / LTM Sales | 13.8x | 12.0x | 2.4x | |
Upside (Analyst Target) | −15.4% | 35.3% | 22.5% | |
Fair Value Upside | Unlock | −8.0% | 2.8% | Unlock |
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.