Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) 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. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
Analyst Perspectives | Analyst price targets for Fortinet range from $85 to $135, reflecting mixed views on the company's ability to navigate market challenges and capitalize on growth opportunities |
Growth Opportunities | Delve into Fortinet's anticipated revenue boost from the upcoming refresh cycle, with projections of 4-5% additional top-line growth in the second half of 2025 and beyond |
Market Positioning | Explore Fortinet's competitive edge through custom ASIC technology and integrated solutions, despite facing challenges from potential US tariffs on Taiwan-based manufacturing |
Cybersecurity Giant | Fortinet's strong financial health and impressive growth trajectory in the cybersecurity market, with a focus on core FortiGate products and expanding SASE and SecOps offerings |
Metrics to compare | FTNT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipFTNTPeersSector | |
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P/E Ratio | 41.1x | −13.4x | 11.4x | |
PEG Ratio | 0.71 | 0.41 | 0.01 | |
Price / Book | 39.3x | 14.3x | 2.4x | |
Price / LTM Sales | 12.6x | 14.7x | 2.0x | |
Upside (Analyst Target) | 7.1% | 13.7% | 25.1% | |
Fair Value Upside | Unlock | −9.6% | 8.5% | Unlock |