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FTNT · Fortinet, Inc.

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$157.54 +3.88 (+2.53%) At close · Aug 26
Market Cap
$112.74B
Shares
733.71M

Price & Indicators

Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$157.54 Open$151.50 Day$149.50–158.44 52W close$75.23–168.29 Avg vol 30d5.0M Short int14.2M · 1.9% float · 3.0d Short vol55% Last earningsJul 29, 2026 DataJun 2022–Aug 2026 Filing10-Q · Jul 30

Raw chart and full-history price indicators begin at the captured split on Jun 23, 2022; bars on opposite sides are not compared.

Up next

Next earnings call
Oct 28, 2026 Est · unconfirmed · in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
Latest filing: 10-Q
filed Jul 30, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Strong Buy
      SellHoldBuy
      Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Excellent Quant / Vol Low
      Market backdrop VIX 15.2 · calm Equity put/call 0.64
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +47%
      above
      Price vs 50-day avg +1%
      above
      RSI (14) 51
      neutral
      MACD trend Negative
      52-week position 88%
      near high
      Volume (OBV) Confirms
      volume backs price
      Momentum
      relative strength
      Very Strong
      1-month return +3%
      trailing
      6-month return +87%
      trailing
      YTD return +98%
      this year
      Relative strength +74%
      vs S&P · 6-mo
      Sentiment
      smart money
      Bullish
      Trend (MA cross) No cross
      50d $156 › 200d $107 — 50d above 200d
      Institutional flow Accumulating
      +18% holders QoQ · +359 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      1.94% of float · ▼ -1.3% MoM · 3.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,570 holders — near 3-yr high, broad support
      Squeeze score 58
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +14%
      Y/Y
      Gross margin 80%
      contracting
      EPS growth +7%
      Y/Y
      Valuation P/E 54.3
      in line
      Buyback $765.8M
      remaining
      Balance sheet $1.5B
      net cash
      Quant / Vol
      risk profile
      Low
      Volatility 40%
      annualized · 1-yr
      Max drawdown −14%
      past year
      ATR 3.8%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Beat or met 8 of last 8
      Latest guidance · from the 8-K filed Jul 29, 2026
      third quarter of 2026
      Revenue Initiated $2.01B – $2.1B
      prior qtr $2.05B midpoint +0.3% QoQ
      Non-GAAP operating margin Non-GAAP Initiated 35% – 37%
      Billings Initiated $2.25B – $2.35B
      Non-GAAP gross margin Non-GAAP Initiated 79% – 81%
      Diluted non-GAAP net income per share Non-GAAP Initiated $0.83 – $0.87
      fiscal year 2026
      Revenue Raised $8.02B – $8.18B
      May 6, 2026 $7.71B – $7.87B changed to Jul 29, 2026 $8.02B – $8.18B
      prior FY $6.8B midpoint +19.1% Y/Y
      Service revenue Raised $5.18B – $5.22B
      May 6, 2026 $5.09B – $5.15B changed to Jul 29, 2026 $5.18B – $5.22B
      Billings Raised $9.35B – $9.55B
      May 6, 2026 $8.8B – $9.1B changed to Jul 29, 2026 $9.35B – $9.55B
      Non-GAAP operating margin Non-GAAP Raised 35% – 37%
      May 6, 2026 33% – 36% changed to Jul 29, 2026 35% – 37%
      Diluted non-GAAP net income per share Non-GAAP Raised $3.41 – $3.47
      May 6, 2026 $3.10 – $3.16 changed to Jul 29, 2026 $3.41 – $3.47
      Non-GAAP gross margin Non-GAAP Maintained 79% – 81%
      May 6, 2026 79% – 81% changed to Jul 29, 2026 79% – 81%
      Prior guidance period ended · from the 8-K filed May 6, 2026
      Billings · second quarter of 2026 $2.09B – $2.19B
      Revenue · second quarter of 2026 $1.83B – $1.93B
      Non-GAAP operating margin · second quarter of 2026 33% – 35%
      Non-GAAP gross margin · second quarter of 2026 79.5% – 80.5%
      Diluted non-GAAP net income per share · second quarter of 2026 $0.72 – $0.76
      Guided vs delivered · last 8 settled
      Revenue second quarter of 2026
      guided $1.83B – $1.93B
      $2.05B Beat +8.9%
      Revenue fourth quarter of 2025
      guided $1.83B – $1.89B
      $1.91B Beat +2.7%
      Revenue fiscal year 2025
      guided $6.72B – $6.78B
      $6.8B Beat +0.7%
      Revenue third quarter of 2025
      guided $1.67B – $1.73B
      $1.72B In line

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Buy
      1 · 3 · 3
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      +47% Bullish
      Price vs 50-day avg
      +1% Bullish
      RSI (14)
      51 Neutral
      MACD trend
      Negative Bearish
      52-week position
      88% Bullish
      Volume (OBV)
      Confirms Neutral
      Market signals — smart money & positioning
      Bullish · 3 of 6
      Trend (MA cross) No cross
      50d $156 › 200d $107 — 50d above 200d
      Institutional flow Accumulating
      +18% holders QoQ · +359 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      1.94% of float · ▼ -1.3% MoM · 3.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Multi-yr high
      1,570 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      Range low $75 Now $158 · 88% Range high $168
      vs 200-day avg +47% vs 50-day avg +1%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      GAAP → non-GAAP reconciliation
      GAAP Free cash flow 965.6M
      +30.3M Real estate related purchases
      = Adjusted free cash flow 995.9M
      GAAP → non-GAAP reconciliation
      GAAP Net cash provided by operating activities 1.04B
      -78M Purchases of property and equipment
      = Free cash flow 965.6M
      Non-GAAP gross margin non-GAAP 80.9% Three Months Ended June 30, 2026 —
      Non-GAAP gross profit non-GAAP $1.66B Three Months Ended June 30, 2026 —
      GAAP → non-GAAP reconciliation
      GAAP GAAP gross profit 1.64B
      +8.7M Stock-based compensation
      +5.8M Amortization of acquired intangible assets
      = Non-GAAP gross profit 1.66B
      GAAP → non-GAAP reconciliation
      GAAP GAAP net income 606.3M
      +80.8M Stock-based compensation
      +9.9M Amortization of acquired intangible assets
      -1.3M Gain on intellectual property matters
      -30.7M Tax adjustment (a)
      = Non-GAAP net income 665M
      GAAP → non-GAAP reconciliation
      GAAP GAAP net income per share, diluted $0.82
      +$0.08 Non-GAAP adjustments to net income per share
      = Non-GAAP net income per share, diluted $0.9
      GAAP → non-GAAP reconciliation
      GAAP GAAP operating income 689.3M
      +80.8M Stock-based compensation
      +9.9M Amortization of acquired intangible assets
      -1.3M Gain on intellectual property matters
      = Non-GAAP operating income 778.7M
      Unified SASE & SecOps billings 24% full year 2025 —
      Unified SASE billings 40% the fourth quarter —

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      Software - Infrastructure — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      FTNT
      Fortinet, Inc.
      this stock
      		$112.74B +98.4% +14.2% 54.3 1.9%
      MSFT
      Microsoft Corp
      		 $3.67T +2.6% +6.9% 27.5 0.9%
      ORCL
      Oracle Corp
      		 $428.01B -23.6% +17.3% 25.5 1.7%
      PLTR
      Palantir Technologies Inc.
      		 $426.54B -0.1% +56.2% 151.7 2.8%
      PANW
      Palo Alto Networks Inc
      		 $276.48B +84.2% +29.0% 278.1 2.8%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      1,570
      % held
      70.6%
      Net QoQ
      +26.5M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      897
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      14.2M
      Days to cover
      3.0d
      Change
      -186.5K sh
      View
      Short Volume
      Short vol %
      55%
      As of
      Aug 26, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      145.3K
      Value
      $22.3M
      As of
      Jul 30, 2026
      View
      Off-Exchange
      Off-exchange %
      37.8%
      Week of
      Jul 20, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Sell
      Member
      Dan Newhouse
      Amount
      $1.0K–$15.0K
      Traded
      Jul 10, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $6.8B
      Net income (FY)
      $1.9B
      EPS diluted
      $2.42
      View
      Buybacks
      Authorized
      $10.3B
      Remaining
      $765.8M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      10-Q
      Filed
      Jul 30, 2026
      This year
      8
      View
      Proposed Sales
      Value
      $63.2K
      Shares
      387
      Filed
      Aug 4, 2026
      View
      Earnings & Events
      Earnings Calls Upcoming
      Next call
      Oct 6, 2026
      Last call
      Jul 29, 2026
      View
      Investor Relations
      Upcoming events
      13
      View

      Performance

      Raw-price comparisons begin at the captured split on Jun 23, 2022; windows that need an earlier baseline remain unavailable.

      5D 20D 120D MTD YTD
      FTNT +3.1% +2.8% +86.6% -2.7% +98.4%
      SPY -0.4% +5.0% +12.4% +2.6% +12.3%
      vs SPY +3.5% -2.2% +74.2% -5.3% +86.1%

      Capital returns

      Buyback program · as of Jun 30, 2026
      Authorized
      $10.25B
      Spent (derived)
      $9.48B
      Remaining
      $765.80M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1262039 CUSIP 34959E109 13F (30d) 1107 filings 1104 filers Visit website Investor relations

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