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FTFTNT

Fortinet, Inc.

$FTNT·$143B·Software - Infrastructure·Technology
$169.13-7.0%YTD+138.5%1Y+117.6%
Price updated 12m 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 28Oct 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
-3.3%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.

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.

Fortinet (FTNT) Stock Dips While Market Gains: Key Factszacks.com·1d agoFortinet Shares Jump with Earnings on Horizonfxempire.com·2d agoWhy Fortinet Stock Slumped on Wednesdayfool.com·2d agoNET vs. FTNT: Which Cybersecurity Stock Should You Buy Right Now?zacks.com·2d agoWhy Fortinet (FTNT) is a Top Growth Stock for the Long-Termzacks.com·2d ago

In themes

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

AI InfrastructureCybersecurity

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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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