Stock UniverseDerived research view · source repositories remain read-only

Fortinet, Inc. (FTNT)

Cybersecurity / Identity · Technology / Software - Infrastructure
Score Band
Very High
Selection Score
51.79
Global Rank
37
Market Cap
58.48B
Latest Close
144.68
RS Composite
59.78% · G#108

Price Movement

3Y daily adjusted close
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Adjusted close SMA60D
1M
60.84%
3M
72.92%
6M
74.82%
1Y
42.37%
3Y
111.74%
5Y
231.01%
10Y
2014.59%

Volume

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Volume Volume MA20D

Latest volume: 7.12M · 30-day average: 6.43M · Max drawdown over stored range: -38.32%

Research Snapshot

Relative Strength vs SPX

RS Composite59.78%
20D RS33.36%
60D RS64.34%
120D RS68.44%
Global RS Rank108 · 96.78% percentile
Qualified+ RS Rank50 · 96.03% percentile
Group ScopeQualified+
Primary RS Rank1 · 88.89% percentile
Snapshot Date2026-06-05

RS uses adjusted close where available. Global RS Rank is recalculated from the current non-low pool. Group RS Rank is recalculated inside the company’s own actionable band group.

Research Links

StockAnalysis
Yahoo Finance
Perplexity Finance
Finviz
Seeking Alpha
WhaleWisdom
FinanceCharts
SEC EDGAR Search
SEC Company Search

Official company website and investor-relations URLs are not inferred unless a reliable dynamic source is added.

Classification

Primary Rank4 / 10
Primary Percentile70.00
Score Notesmarket-cap support, industry-tailwind, category-leader

Gemini Deep Research

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Manual Estimates

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Forward Valuation

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SEC TTM Fundamentals

PeriodFiledRevenueGross ProfitOperating IncomeNet IncomeEPS DilutedOperating Cash FlowCapital ExpenditureFree Cash FlowShares DilutedGross MarginOperating MarginNet MarginOCF MarginFCF MarginCash + ST Inv.Total Debt
TTM through 2026-03-312026-05-087.11B5.71B2.21B1.95B2.584.98B368.90M4.61B756M80.30%31.10%27.49%70.09%64.90%2.22B496.80M

SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

TTM Valuation

PeriodEPS DilutedP/ERevenue / ShareP/SFCF / ShareP/FCF MultipleOCF / ShareP/CF Multiple
TTM through 2026-03-31$2.5856.0x$9.4015.4x$6.1023.7x$6.5922.0x

Shares Diluted: 756M. SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

Financial Statement Metrics

MetricFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue3342.24417.45304.85955.86799.6
Revenue Growth (YoY)28.824%32.17%20.089%12.272%14.168%
Gross Profit2559.23332.54067.64798.25470.7
Operating Income645.89651236.51798.82074.3
Free Cash Flow1203.81449.41731.41879.22225.8
Free Cash Flow Per Share1.4411.82.1972.4352.911
EPS (Diluted) GAAP0.731.061.462.262.42
EPS Growth25.862%45.205%37.736%54.795%7.08%
EPS Non-GAAP
Gross Margin76.572%75.44%76.678%80.563%80.456%
Operating Margin19.323%21.845%23.309%30.202%30.506%
Profit Margin18.156%19.407%21.637%29.303%27.257%
Free Cash Flow Margin36.018%32.811%32.638%31.552%32.734%
Shares Outstanding (Diluted)835.3805.3788.2771.9764.6
Shares Change (YoY)-0.358%-3.592%-2.123%-2.068%-0.946%

SEC Quarterly Fundamentals

Revenue + Operating Margin
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Revenue Operating Margin
Quarter Filed Revenue Gross Margin Operating Income Op Margin Net Income Net Margin EPS Diluted Shares Diluted Cash + ST Inv. Total Debt Confidence
2026 Q12026-05-081.85B80.29%580.00M31.36%534.50M28.90%0.72742.80M2.22B496.80Mprocessed
2025 Q42026-02-251.91B79.57%625.60M32.84%506.00M26.56%0.68747.80M2.50B496.60Mprocessed
2025 Q32025-11-071.72B80.77%547.30M31.73%473.90M27.47%0.62761.20M2.00B496.50Mprocessed
2025 Q22025-08-081.63B80.68%458.00M28.10%440.10M27.00%0.57772.70M3.37B496.30Mprocessed
2025 Q12025-05-081.54B80.96%453.80M29.47%433.40M28.15%0.56776.80M3.60B496.20Mprocessed
2024 Q42025-02-211.66B81.06%574.10M34.58%526.20M31.70%0.68775.20M2.88B994.30Mprocessed
2024 Q32024-11-081.51B82.53%470.90M31.22%539.90M35.80%0.70771.90M2.49B993.80Mprocessed
2024 Q22024-08-081.43B80.83%437.20M30.48%379.80M26.48%0.49769.90M2.20B993.30Mprocessed
2024 Q12024-05-061.35B77.48%321.20M23.73%299.30M22.12%0.39770.50M1.93B992.80Mprocessed
2023 Q42024-02-261.42B77.68%385.40M27.23%310.90M21.97%0.40772.30M1.40B992.30Mprocessed
2023 Q32023-11-071.33B76.20%303.20M22.72%322.90M24.19%0.41791.20M2.19B991.80Mprocessed
2023 Q22023-08-071.29B77.12%279.00M21.58%266.30M20.60%0.33795.90M2.38B991.30Mprocessed
2023 Q12023-05-081.26B75.62%273.50M21.67%247.70M19.62%0.31793.40M2.30B990.90Mprocessed
2022 Q42023-02-241.28B76.83%357.80M27.89%313.80M24.46%0.40791.80M1.68B990.40Mprocessed
2022 Q32022-11-071.15B75.38%265.50M23.10%231.60M20.15%0.29798.60M964.00M989.90Mprocessed
2022 Q22022-08-051.03B75.65%195.30M18.96%173.50M16.84%0.21810.10M710.00M989.40Mprocessed
2022 Q12022-05-06954.80M73.42%151.00M15.81%138.40M14.50%0.84164.20M923.50M988.90Mprocessed
2021 Q42022-02-25963.60M76.31%214.90M22.30%199.00M20.65%1.19167.10M1.32B988.40Mprocessed
2021 Q32021-11-08867.20M75.65%166.40M19.19%163.10M18.81%0.97167.70M1.85B988.00Mprocessed
2021 Q22021-08-02801.10M76.67%147.50M18.41%137.50M17.16%0.82167.10M3.11B987.50Mprocessed

SEC processed quarterly CSV. Compact derived quarterly view from SEC processed CSV. Source files remain read-only in the SEC repository. EPS is as filed and may not be split-adjusted across older periods. StockAnalysis Financial Statement Metrics remain unchanged above.