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FTFTNT

Fortinet, Inc.

$FTNT·$124B·Software - Infrastructure·Technology
$169.13-7.0%YTD+138.5%1Y+103.4%
Price updated 8h ago·X counts updated 5d ago
FTFTNT
$FTNTFortinet, Inc.
$169.13-7.03%428 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $FTNT on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

428X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $FTNT's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data5 posts analyzed · as of 2026-09-11

Fortinet is bullish on X — CEO & CTO own 13% of the company (real shareholder alignment), selective buybacks signal when shares too cheap, and vulnerability-exploit-window shrinking (a16z data) sharpens security-market TAM. Swings between under- and over-valued per Morningstar.

Read what X is saying about $FTNT

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $FTNT — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersAcceleratingAI verdict · as of 2026-10-02

The move is getting stronger, with heavier trading behind it.

Firewall/cybersecurity leader with founder-CEO ownership — 20% revenue growth and 31% operating margin earned the 123% YTD rip.

Fortinet is the global firewall and unified cybersecurity platform — a FortiGate-centric portfolio competing with Palo Alto Networks and Cisco. The stock is up 123% YTD and 97% of its 52-week range on genuine fundamentals plus the AI-cybersecurity narrative.

  • The P&L is firing on both cylinders: revenue grew 20% YoY to $1.85B last quarter at a 31% operating margin and 81% gross margin — mid-20s growth with 30%+ margins is the exact Palo Alto / CrowdStrike profile, which is why FTNT finally earned the multiple it has.
  • The ownership alignment is the key tell: CEO Ken Xie and CTO Michael Xie together own ~13% of the company — real founder-skin-in-the-game that explains the long track record of selective buybacks (not just automatic ones) when shares look cheap.
  • Insider activity is routine (small director awards), with no significant selling of consequence — governance signal is neutral-to-positive, consistent with a quality-growth stock continuing to compound.

Accelerating holds while enterprise cybersecurity spending stays elevated and FortiGate refresh cycles pull billings forward. A soft Nov 4 earnings print (sub-18% revenue growth), or any specific commentary on OT/SASE competitive pressure from Palo Alto's CyberArk integration, is what cools the move; a FY27 billings guide above $8B is what extends it.

Agrees with X sentimentX bulls citing the 13% founder ownership, selective-buyback signal, and vulnerability-exploit-window-shrinking a16z framing are reading the business correctly — this is a quality compounder where the alignment is genuine and the sector tailwind is real.

What to watch: Nov 4 earnings — billings growth above 18%, FortiGate refresh contribution, SASE/OT segment revenue, and FY27 guide. A sub-18% billings print or specific competitive-pressure commentary is what cools the breakout.

On the calendar: 2026-11-04 — Q3 FY26 earnings

Read the AI verdict on $FTNT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes FortiGate firewalls, SD-WAN, and cloud security products targeting mid-market and enterprise network protection.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $FTNT.

Software - Infrastructure · Technology

No material change from last week — AI infrastructure capex bifurcates the cohort — GPU-cloud providers and AI-native security platforms absorbing enterprise spend, while legacy SaaS faces multiple compression. GPU-cloud platforms and AI-native security tools absorb enterprise spend while legacy SaaS faces multiple compression.

What this means for $FTNT

Partial — Makes FortiGate firewalls, SD-WAN, and cloud security products targeting mid-market and enterprise network protection.; AI infrastructure capex bifurcates the cohort; exposure depends on workload alignment with GPU-cloud and AI-native security architectures.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
+4.2%YTD
-7.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
54.7How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
33.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
31.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
2.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
14.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
156%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
80.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.5Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Jul 29, 2026$0.90$0.75+20.6%
Q1 2026May 6, 2026$0.82$0.62+32.5%
Q4 2025Feb 5, 2026$0.81$0.74+9.0%
Q3 2025Nov 5, 2025$0.74$0.63+17.3%
Next earningsWed, Oct 28·consensus EPS $0.86

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.8B+20.1%80.3%31.4%$0.72$1.0B
Q4 FY25$1.9B+14.8%79.6%32.8%$0.68$577.4M
Q3 FY25$1.7B+14.4%81.5%31.6%$0.63$567.5M
Q2 FY25$1.6B+13.6%81.5%28.0%$0.57$284.1M

Forward consensus

5-year forecast · up to 32 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$8.1B$8.1B – $8.2B$3.45$3.41 – $3.5631
FY27$9.0B$8.6B – $9.7B$3.77$3.52 – $4.4632
FY28$10.0B$9.3B – $11.2B$4.27$3.87 – $5.2622
FY29$11.4B$10.9B – $12.1B$3.55$3.36 – $3.8114
FY30$12.2B$11.7B – $12.9B$3.77$3.57 – $4.0511

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.89%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+9.0%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+49.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 618.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.6% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.045-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellSep 24Christiane OhlgartCFO48 sh$9KSellSep 15John WhittleCOO2.8K sh$478KSellSep 14John WhittleCOO53.9K sh$8.9MSellAug 4Christiane OhlgartCFO387 sh$64KSellAug 3Michael XieCTO3.1K sh$508KSellAug 3Ken XieCEO38.1K sh$6.1MSellJun 3Michael XieCTO3.9K sh$572KSellJun 2Ken XieCEO160.6K sh$23.4MSellMay 21John WhittleCOO146.0K sh$18.7MSellMay 20Christiane OhlgartCFO238 sh$31K
1–10 of 16
+ 44 other (26 exempts · 8 inkinds · 7 awards · 3 gifts) in window

See when $FTNT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsJun 183
AI summary

Derek T. Kan filed an initial Form 3 as a new insider at Fortinet Inc. (FTNT) on June 12, 2026. This is a routine new-insider ownership disclosure filed upon appointment, with no open-market transactions reported.

8-KShareholder voteJun 168-K — Item 5.07: Shareholder vote
AI summary

Fortinet, Inc. (FTNT) reported annual meeting vote results (Item 5.07) in an 8-K filed June 16, 2026. Body unavailable — excerpt cuts off before specific vote tallies or proposal outcomes are disclosed.

+ 9 other (2 10-Qs · 2 earnings 8-Ks · 2 proxys · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

3 Reasons Why Growth Investors Shouldn't Overlook Fortinet (FTNT)zacks.com·15h agoFortinet, Inc. $FTNT Stock: Barlow Wealth Partners LLC Cuts Positiondefenseworld.net·1d agoFortinet (FTNT) Stock Dips While Market Gains: Key Factszacks.com·1d agoFortinet Shares Jump with Earnings on Horizonfxempire.com·3d agoWhy Fortinet Stock Slumped on Wednesdayfool.com·3d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureCybersecurity

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Voices on X · top 5 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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