Fortinet is rated a Buy with a $98 price target, implying a 23% upside driven by robust double-digit growth and AI-powered tailwinds. FTNT reported FQ3 2025 revenue of $1.72B (+14% YoY) and EPS of $0.74 (+17% YoY), both beating analyst estimates and demonstrating strong demand. The company achieved 18% product revenue growth, a 37% non-GAAP operating margin, and rapid expansion in AI-driven security operations, supporting its premium valuation.
Fortinet remains a Buy despite a 20% stock drop, with strong fundamentals and attractive valuation compared to peers. FTNT's shift to recurring services, leadership in SASE and AI security, and robust margins support long-term growth potential. Current market negativity is driven by short-term sales slowdown and lawsuit headlines, but core business and guidance remain solid.
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| - Industry | - Sector | Ken Xie CEO | XMUN Exchange | US34959E1091 ISIN |
| US Country | 14,556 Employees | - Last Dividend | 23 Jun 2022 Last Split | 18 Nov 2009 IPO Date |
Fortinet, Inc. is a global provider of comprehensive cybersecurity and network security solutions, aimed at converging networking and security across various platforms. The company's commitment lies in safeguarding organizations worldwide against cyber threats through its wide array of secure networking solutions. Established in 2000, Fortinet has its headquarters located in Sunnyvale, California, and extends its services to enterprise clients, communication and security service providers, government entities, as well as small and medium-sized businesses.