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FTNT

Fortinet, Inc.
$163.73 +7.02 (+4.48%) At close · Jul 9
Market Cap
$115.40B
Shares
732,648,391

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$163.73 Open$153.27 Day$152.25–164.01 52W$70.12–164.01 Avg vol 30d6.7M Short int15.1M · 2.1% float · 2.0d Short vol42% Last earningsMay 6, 2026 DataJan 2020–Jul 2026 Filing10-Q · May 8
Up next
Next earnings call
Aug 5, 2026 Est · unconfirmed · in 4 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
filed May 8, 2026
AI Brief

TL;DR.

Bullish
    Bearish

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

      Equibles Rating blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol High
      Market backdrop VIX 15 · calm Equity put/call 0.55
      Technical
      price trend
      Buy
      50 / 200-day cross No cross
      Price vs 200-day avg +73%
      above
      Price vs 50-day avg +23%
      above
      RSI (14) 68
      neutral
      MACD trend Negative
      52-week position 100%
      near high
      Volume (OBV) Confirms
      volume backs price
      Momentum
      relative strength
      Very Strong
      1-month return +18%
      trailing
      6-month return +114%
      trailing
      YTD return +106%
      this year
      Relative strength +105%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $133 › 200d $95 — 50d above 200d
      Institutional flow Distributing
      81 of 1,326 funds reported for Jun 30 · net -1.5M sh shares · +22 new
      Insider flow Distributing
      Net -$43.7M over 90 days · 100% sells
      Short interest Falling
      2.06% of float · ▼ -19.9% MoM · 2.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      1,326 holders — mid 3-yr range
      Squeeze score 43
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +14%
      Y/Y
      Gross margin 80%
      contracting
      EPS growth +7%
      Y/Y
      Valuation P/E 61.1
      in line
      Buyback $765.8M
      remaining
      Balance sheet $1.5B
      net cash
      Quant / Vol
      risk profile
      High
      Volatility 46%
      annualized · 1-yr
      Max drawdown −31%
      past year
      ATR 3.9%
      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
      Latest guidance · from the 8-K filed May 6, 2026
      second quarter of 2026
      Revenue Initiated $1.83B – $1.93B
      prior qtr $1.85B midpoint +1.6% QoQ
      Billings Initiated $2.09B – $2.19B
      Non-GAAP gross margin Non-GAAP Initiated 79.5% – 80.5%
      Non-GAAP operating margin Non-GAAP Initiated 33% – 35%
      Diluted non-GAAP net income per share Non-GAAP Initiated $0.72 – $0.76
      fiscal year 2026
      Revenue Initiated $7.71B – $7.87B
      prior FY $6.8B midpoint +14.6% Y/Y
      Service revenue Initiated $5.09B – $5.15B
      Billings Initiated $8.8B – $9.1B
      Non-GAAP gross margin Non-GAAP Initiated 79% – 81%
      Non-GAAP operating margin Non-GAAP Initiated 33% – 36%
      Diluted non-GAAP net income per share Non-GAAP Initiated $3.10 – $3.16

      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
      +73% Bullish
      Price vs 50-day avg
      +23% Bullish
      RSI (14)
      68 Neutral
      MACD trend
      Negative Bearish
      52-week position
      100% Bullish
      Volume (OBV)
      Confirms Neutral
      Market signals — smart money & positioning
      Bearish · 2 of 6
      Trend (MA cross) No cross
      50d $133 › 200d $95 — 50d above 200d
      Institutional flow Distributing
      81 of 1,326 funds reported for Jun 30 · net -1.5M sh shares · +22 new
      Insider flow Distributing
      Net -$43.7M over 90 days · 100% sells
      Short interest Falling
      2.06% of float · ▼ -19.9% MoM · 2.0 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      1,326 holders — mid 3-yr range
      Price context
      position in its 52-week range
      52-wk low $70 Now $164 · 100% 52-wk high $164
      vs 200-day avg +73% vs 50-day avg +23%

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

      Key metrics

      the company's own KPIs, from its earnings releases, calls, and filings
      Metric Latest Period YoY
      Free cash flow non-GAAP $1.01B first quarter
      Non-GAAP operating margin non-GAAP 36% first quarter
      AI-driven security operations billings growth 23% Q1 FY2026 call
      FortiSASE penetration of large enterprise customers 18% Q1 FY2026 call
      secure networking billings growth 32% Q1 FY2026 call
      total billings $2.09B Q1 FY2026 call
      unified SASE billings growth 31% Q1 FY2026 call
      Unified SASE & SecOps billings 24% Full Year 2025
      Unified SASE billings 40% Q4 2025

      Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file

      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
      $115.40B +106.2% +14.2% 61.1 2.1%
      MSFT
      Microsoft Corp
      $2.84T -20.3% +6.9% 22.8 1.2%
      ORCL
      Oracle Corp
      $402.81B -25.8% +17.3% 24.0 1.5%
      PLTR
      Palantir Technologies Inc.
      $301.98B -27.4% +16.7% 141.5 3.6%
      PANW
      Palo Alto Networks Inc
      $265.78B +83.7% +29.0% 267.3 3.1%

      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 Reducing
      Holders
      1,344
      % held
      66.9%
      Reported
      81 of 1,326
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      813
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      15.1M
      Days to cover
      2.0d
      Change
      -3.7M sh
      View
      Short Volume
      Short vol %
      42%
      As of
      Jul 10, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      266
      Value
      $38.6K
      As of
      Jun 12, 2026
      View
      Off-Exchange
      Off-exchange %
      36.2%
      Week of
      Jun 15, 2026
      Off-exch Lit
      View
      Smart Money
      Insider Trades Net selling
      Net (90d)
      -$43.7M
      Buyers / Sellers
      0 / 4
      Buyers Sellers
      View
      Congressional Trades Sell
      Member
      Gilbert Cisneros
      Amount
      $1.0K–$15.0K
      Traded
      Apr 14, 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
      8-K
      Filed
      Jun 16, 2026
      This year
      6
      View
      Proposed Sales
      Value
      $581.6K
      Shares
      3.9K
      Filed
      Jun 3, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      May 6, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      FTNT +3.0% +18.3% +114.3% +6.6% +106.2%
      SPY +0.8% +2.0% +8.9% +0.7% +10.2%
      vs SPY +2.2% +16.3% +105.4% +5.9% +96.0%

      Capital returns

      Buyback program · as of May 7, 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) 151 filings 86 filers Visit website Investor relations