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FTNT

STRONG BUYFLAG

Fortinet, Inc. · Technology · United States · $111.6B · Avg Vol: $863M/d

80
StockRank
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Q
79
V
20
M
76
P/E (TTM)
62.4x
ROE
132.4%
D/E
0.6x
Dividend %
AI CONVICTION THESIS

Fortinet has strong quality Q79 and momentum M74 with a buyback on file, but value at V22 is below the calibrated floor, so stage one fails. Insider selling is separately adverse.

COMPANY DESCRIPTION

Fortinet, Inc. is a global provider of high-performance cybersecurity solutions, offering an integrated platform encompassing firewalls, endpoint security, and secure access products, most notably its FortiGate network security platform. The company's competitive edge lies in its proprietary Security Fabric architecture, which delivers comprehensive, high-performance protection and simplified management across diverse IT environments. Fortinet holds a strong market position as a leader in network security appliances for enterprise clients.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue4.4B5.3B6.0B6.8B15.5%7.1B7.8B8.6B12.7%
EPS1.081.472.282.4531.4%2.572.803.0411.5%
Shares781.5M761.0M767.0M743.0M-4.9%732.6M
Debt990.4M992.3M994.3M996.3M0.2%567.2M
Equity-281.6M-463.4M1.5B1.2B-17.2%
Op CF1.7B1.9B2.3B2.6B14.4%2.8B
Inv CF763.9M-649.3M-727.4M-599.1M
Fin CF-2.1B-1.6B-50.1M-2.4B
Loading 1Y...
PRICE (1Y)+4.2%
144150155161167Jun 12Jul 7Jul 27
SMA 50SMA 200
Close
$152.38
RSI (14)
42.6
52W High
$170.35
From 52W High
0.9%

SCORE BREAKDOWN

Quality
79
ROIC
43.0%97.7
ROE
132.4%99.6
GP/Assets
55.0%90.6
Op. Margin
31.3%93.4
FCF/Assets
17.5%92.5
Piotroski
659.2
Int. Cover
50.0x84.6
D/E Ratio
0.57x25.0
Current Ratio
1.15x16.9
Value
20
P/E (TTM)
62.4x27.6
EV/EBITDA
48.6x19.6
P/FCF
61.6x28.4
P/B
119.0x0.8
P/S
16.5x10.3
Div Yield
N/A
Momentum
76
52W High %
89%92.7
RS 6M
79%93.2
SMA 50/200
1.49x88.9
EPS Rev 4W
+0.1%82.1
EPS Rev 12W
+3.6%69.2
EPS Improve
+33%29.1
Q Growth
23%52.6

FUNDAMENTALS

Market Cap
$111.6B
P/E (Forward)
46.8x
Gross Margin
80.3%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of FTNT are excluded.

TickerCompanyMkt CapStockRankSignal
FTNTFortinet, Inc.(you)$111.6B80STRONG BUY
XYZBlock, Inc.$45.9B81STRONG BUY
PANW.MXPalo Alto Networks, Inc.$243.6B75BUY
TWLO.MXTwilio Inc.$27.8B79BUY
CRWD.MXCrowdStrike Holdings, Inc.$176.8B55HOLD
CPAYCorpay, Inc.$24.2B86STRONG BUY
VRSNVeriSign, Inc.$25.3B87STRONG BUY
PLTRPalantir Technologies Inc.$294.7B63HOLD
NTAPNetApp, Inc.$32.9B94STRONG BUY
NET.MXCloudflare, Inc.$81.0B49HOLD

Peer medians: ROE 6.7% · P/E 31.4x · Gross margin 33.0%

Fortinet, Inc. (FTNT) — Stock Score Summary

Fortinet, Inc. (FTNT) has a MoatMap StockRank of 80/100 based on Quality (79/100), Value (20/100), and Momentum (76/100) factor scores. The current signal is STRONG BUY. Fortinet has strong quality Q79 and momentum M74 with a buyback on file, but value at V22 is below the calibrated floor, so stage one fails. Insider selling is separately adverse.

Fortinet, Inc. is a global provider of high-performance cybersecurity solutions, offering an integrated platform encompassing firewalls, endpoint security, and secure access products, most notably its FortiGate network security platform. The company's competitive edge lies in its proprietary Security Fabric architecture, which delivers comprehensive, high-performance protection and simplified management across diverse IT environments. Fortinet holds a strong market position as a leader in network security appliances for enterprise clients.

Key Financial Metrics

Price$152.38
Market Cap$111.6B
P/E (TTM)62.40
P/E (Forward)46.78
Price/Book118.96
Return on Equity132.4%
Return on Invested Capital43.0%
Debt/Equity0.57x
Gross Margin80.3%
Operating Margin31.3%
Revenue Growth20.1%
Free Cash Flow$1.8B

Fortinet, Inc. operates in the Software - Infrastructure industry, part of the Technology sector (United States).

Frequently Asked Questions

What is Fortinet, Inc.’s (FTNT) StockRank?
MoatMap’s StockRank for Fortinet, Inc. (FTNT) is 80/100, with a Strong Buy signal. It is a composite of Quality (79), Value (20), and Momentum (76) factor ranks across MoatMap’s 20,000+ stock universe.
Does Fortinet, Inc. have an economic moat?
Fortinet, Inc. (FTNT) has a Quality factor score of 79/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Fortinet, Inc. a buy, hold, or sell?
MoatMap’s current signal for Fortinet, Inc. (FTNT) is Strong Buy, based on a StockRank of 80/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Fortinet, Inc. in?
Fortinet, Inc. (FTNT) operates in the Technology sector, specifically the Software - Infrastructure industry (United States).