← All reportsView on Symbol
FTNT

FTNT

Watchlist

Fortinet, Inc.

Technology · NASDAQ

$119.4B mkt cap

Brief updated Today

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and so

Decifer Research·Data summary

FTNT is a watchlist-conviction name in Fortinet

FTNT sits at the intersection of key themes currently active in the market. The scoring engine rates it watchlist based on how well the active market forces line up with its business, plus available fundamental data. Financial metrics and analyst consensus provide additional context.

Why now

The market forces active right now are aligned with the company's core business exposure. The timing reflects the intersection of theme strength and available catalyst data.

Key risks

Data availability limits full scoring across all dimensions. Market forces can reverse rapidly; theme exposure does not guarantee the price follows. Fundamental valuation data may not reflect the most recent quarterly results.

What to watch

Monitor conviction score changes, especially the macro and analyst dimensions. Earnings guidance updates and analyst consensus shifts are the primary near-term catalysts.

27Watchlist Conviction
macro
25/25
analyst
8/38
momentum
15/20
forward catalyst
0/15
valuation
3/23
highs
3/12
news catalyst
6/12
options flow
0/12
peer network
0/8
counter thesis
-6/3
Key financials
Revenue growth (YoY)2564.0%
Gross margin8038.0%
Operating margin3243.0%
Net margin2817.0%
P/E ratio56.2x
Return on equity18795.0%
FCF yield347.0%
Debt / equity0.3x
EV / sales15.5x
Valuation
Analyst consensusHOLD
DCF fair value$77
Next EPS estimate$0.85
Theme exposure
CybersecurityDirect

Fortinet provides integrated security platforms including firewall, SASE, and SD-WAN. Enterprise security consolidation and network perimeter security spend are structural tailwinds.

Macro context
AI Buildout

China's chip tool push shows ASML caught in US-China squeeze

China is accelerating domestic development of semiconductor manufacturing tools, highlighting ASML's position as a key flashpoint in the US-China tech decoupling conflict. This reflects ongoing pressure from US export controls pushing China to self-sufficiency while squeezing Western chip equipment suppliers caught between geopolitical rivals.

6d ago

Reshoring, Robots Will Boost Growth

Reshoring and increased use of robots are expected to boost economic growth by improving productivity and reducing reliance on global supply chains. This trend could have significant implications for various sectors, including manufacturing and employment.

3d ago

AI and Chips Are Turning Malaysia Into Asia’s Growth Standout

Malaysia is experiencing significant economic growth due to its investments in AI and chip manufacturing, making it a standout in Asia. This growth could have implications for trade and investment in the region.

Today

Fed's Williams Says He Does Not See Financial Stability Risks From AI Investment; Says He Is Not Surprised By Volatility In AI Sector

Fed's Williams downplays financial stability risks from AI investment, suggesting the central bank is not currently concerned about systemic risks from the AI sector. This could lead to continued investment and growth in AI-related assets.

Today

Analyst intelligence
29 Buy33 Hold6 Sell
Earnings intelligence

Earnings surprises

+20.6%

2026-07

+32.5%

2026-05

+9.0%

2026-02

+17.3%

2025-11

+8.5%

2025-08

Generated Mon, 03 Aug 2026 17:23:50 GMT by Decifer intelligence engine. For informational purposes only — not investment advice. Decifer Intelligence Hub.