pretickt

Is FTNT a good stock to buy?

Fortinet, Inc. · end-of-day data as of Nov 13, 2026

Fortinet
FTNT · $93.47B
$127.22-1.8%
Nov 13, 2026 · close
$150$200SepOctNov9:3016:003 months -19.5%Nov 13 · close
▲ 1
  • PT$151.46 +19.1%
Neutral
  • Earnings in83d
  • P/E41.3x
  • RSI33
  • Support-15.9%
  • Resistance+17.9%
  • Off 52w high-35.5%
  • Volume0.5x
  • Bollingerlower half
  • News2.00
  • FCF yield+3.7%
  • P/E vs own-6.3%
  • ConsensusHold · 44
  • Trendsideways
  • Sector→ -15.8%
  • 52w range$74–$197
  • ATR+6.2%
  • Off ATH-35.5%
▼ 5
  • P/E vs sector+40.4%
  • Insiders-$30.68M
  • MAs0 of 4
  • MA20×50Death 7d ago
  • MACD-1.38

Updates with the 15-min delayed price. Not a forecast or investment advice.

Is Fortinet a good stock to buy?

Fortinet is strong on 5 of the 5 questions about the business. The price is about usual: 41.3 times its earnings, near its 3-year median of 40.0 (Nov 13, 2026). pretickt does not say whether to buy or sell.

  1. Demand growing
  2. Advantage hard to copy
  3. Economics very profitable
  4. Execution delivers
  5. Fragility sturdy
  6. Price about usual
DemandDo people want more of what it sells?growing

FTNT sales growth revenue growth

+15%a year, for the last 3 years

Fortinet's sales grew 15% a year for 3 years, to $6.8B in fiscal 2025.

FTNT analysts' forecast revenue estimates

+20%the sales they expect next fiscal year, on the last

Analysts expect Fortinet's sales to grow 20% to $8.17B in fiscal 2026 (33 analysts).

FTNT competitors

pretickt analysis+20%its sales in 12 months, on a year before

Fortinet's sales grew 20% in the 12 months to Sep 30, 2026, faster than Block (+7%), slower than Synopsys (+46%), Cloudflare (+36%) and CrowdStrike (+24%).

FTNT sales by business revenue by segment

39%of its sales from Security Subscription

Security Subscription brought Fortinet 39% of its sales in fiscal 2025; Product 33%.

Advantage moatIs it hard to copy?hard to copy

FTNT margin on each sale gross margin

80%left after making the product

Fortinet kept 80% of each sale after making the product in the 12 months to Sep 30, 2026; its competitors' median is 72%.

EconomicsDoes it make good money?very profitable

FTNT margin after costs profit margin

33%of sales left after running the business

Fortinet's operating margin was 33% in the 12 months to Sep 30, 2026, against 22% in fiscal 2022.

FTNT cash generated free cash flow

$3.43Bcash left after investing, last 12 months

Fortinet generated $3.43B of free cash flow in the 12 months to Sep 30, 2026, more than its reported profit.

FTNT profit per share

+8%in its last fiscal year

Fortinet's earnings per share grew 8% in fiscal 2025, to $2.43.

ExecutionDoes it deliver what it promises?delivers

FTNT earnings vs estimates

8 of 8quarters above the analysts' estimate

Fortinet beat the analysts' profit estimate in each of its last 8 quarters, the latest on Oct 28, 2026.

FTNT insider selling

-$143Msold, net, by its executives in 12 months

Fortinet's executives and directors sold a net $143M of shares in the 12 months to Nov 13, 2026; none bought.

FTNT number of employees

+7%more people in a year

Fortinet had 15,109 employees at the end of fiscal 2025, 7% more than a year before.

FTNT CEO pay

$11.46Mfor fiscal 2025, 89% of it in stock and options

Fortinet paid its CEO $11.46M for fiscal 2025, 89% of it in stock and options.

Fragility risksCould something break it?sturdy

FTNT financial health Altman Z-score

7.6Altman Z-score, safe above 3

Fortinet's Altman Z-score is 7.6 (Nov 13, 2026), above 3, where the safe zone starts.

FTNT quality checks Piotroski score

6 of 9checks passed

Fortinet passes 6 of the 9 Piotroski checks in the 12 months to Sep 30, 2026; it misses on return on assets, gross margin and sales for its assets.

FTNT biggest customers

55%of sales from its 3 biggest customers

Three customers, unnamed in Fortinet's 10-K, made 55% of its sales in fiscal 2025.

FTNT in past recessions

pretickt analysis+19%its sales in the worst one

Fortinet's sales grew through each of the last 2 US recessions (2008–09 and 2020).

Price valuationIs the price reasonable?about usual

FTNT price vs profit P/E ratio

41.3×a year's earnings

Fortinet's P/E ratio is 41.3 (Nov 13, 2026), near its 3-year median of 40.0.

FTNT price vs competitors

pretickt analysis41.3×a year's earnings, against its competitors

Investors pay 41.3 times Fortinet's earnings (Nov 13, 2026), less than for Block (114.3) or Synopsys (79.6).

FTNT analysts' target price target

+19%to their average target

Analysts' average price target for Fortinet is $151, 19% above the Nov 13, 2026 close of $127.22.

FTNT growth priced in fair value

pretickt analysis+11%a year, for ten years, to be worth the price

At $127.22 a share, Fortinet's free cash flow must grow about 11% a year for ten years to be worth the price (Nov 13, 2026).

What is Fortinet's P/E ratio?

Fortinet's P/E ratio is 41.3 (Nov 13, 2026), near its 3-year median of 40.0. Investors pay 41.3 times Fortinet's earnings (Nov 13, 2026), less than for Block (114.3) or Synopsys (79.6).

Who are Fortinet's biggest competitors?

pretickt compares Fortinet with Synopsys, Cloudflare, Block and CrowdStrike. Fortinet's sales grew 20% in the 12 months to Sep 30, 2026, faster than Block (+7%), slower than Synopsys (+46%), Cloudflare (+36%) and CrowdStrike (+24%).

Is Fortinet profitable?

Fortinet's operating margin was 33% in the 12 months to Sep 30, 2026, against 22% in fiscal 2022. Fortinet generated $3.43B of free cash flow in the 12 months to Sep 30, 2026, more than its reported profit.

Are insiders selling Fortinet stock?

Fortinet's executives and directors sold a net $143M of shares in the 12 months to Nov 13, 2026; none bought.

How does Fortinet make money?

Security Subscription brought Fortinet 39% of its sales in fiscal 2025; Product 33%.

How many employees does Fortinet have?

Fortinet had 15,109 employees at the end of fiscal 2025, 7% more than a year before.

Who are Fortinet's biggest customers?

Three customers, unnamed in Fortinet's 10-K, made 55% of its sales in fiscal 2025.

From the companies' statements (FMP), their filings read by pretickt, the analysts and the insiders, as of Nov 13, 2026. Each card says what a fact means for its question, never what to do with the stock: for information only, not investment advice.