FTNT Stock Price Today (October 2026) — Fortinet, Inc. Analysis & Key Metrics 2026-10-08
Fortinet, Inc. (FTNT) is trading at $189.10, down 0.10% today (as of October 2026). The stock continues to show sustained strength above key moving averages, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $164.32 (13.1% downside).
- Volatility is low (24.40% annualized), implying relatively contained price movements for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (25.60% YoY) alongside competitive pressures in the Software - Infrastructure space.
FTNT Stock Analysis: Key Metrics & Valuation (October 2026)
Concise, actionable data for investors
Fortinet, Inc. - Historical Price & Volume
- Price
- Volume
- Latest price
Market Cap
Enterprise Value: $135.24B
P/E Ratio
Forward P/E: 45.47
Revenue Growth
Year over Year
Analyst Target
-13.1% downside from target
Key Investor Questions About FTNT
What investors need to know before buying
Based on current market data, FTNT presents a overbought technical setup with looking solid fundamentals.
- Technicals say: Overbought (RSI 73.17)
- Fundamentals say: Looking solid (debt and growth supportive)
FTNT's growth trajectory depends on its ability to expand within the Software - Infrastructure sector while managing margin pressures.
- Future growth will depend on performance in core Software - Infrastructure operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for FTNT investors include debt exposure and competitive dynamics in the Software - Infrastructure industry.
- $561.40M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Software - Infrastructure.
52-Week Trading Range
Over the past year, FTNT stock traded between $73.55 and $181.37 and currently trades near the high end of that range. Big swings are less likely unless a major catalyst emerges.
Volatility & Risk Profile
With 24.40% annualized volatility and β=0.99, the stock exhibits moderate correlation to market moves—making FTNT suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
High institutional ownership with low short interest suggests steadier hands and low immediate risk.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
Fortinet (FTNT) Stock Sinks As Market Gains: What You Should Know
Fortinet (FTNT) closed at $173.46 in the latest trading session, marking a -2.92% move from the prior day.
Fortinet (FTNT) is Positioned to Benefit From an Expanding Cybersecurity Market and AI Adoption
Emerald Wealth Partners, an independent asset and wealth management firm based in Zurich, released its Q2 2026 investor letter for the “Growth Equity Strategy. A copy of the letter can be downloaded here. The strategy highlighted a strong quarter for the portfolio amid a market rally increasingly shaped by AI-related themes. The strategy generated a […]
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Fortinet (FTNT) Stock Could Be 22% Overvalued On New York Hub Opening
Fortinet has ridden a powerful share price run in recent years, which puts a sharp spotlight on whether the current US$169.84 level is adequately supported by the cash the business can generate. With expectations shaped by both strong historical returns and fresh corporate milestones, the question now is how the stock lines up against its own cash flow potential. Over the past 3 years the stock has returned 191.6%. This raises the stakes on whether that performance is reflected in the...
Fortinet (FTNT) Stock Fair Value Rises After Analysts Lift Targets On Strong Demand
Fortinet’s modeled fair value has shifted from US$119.92 to US$163.13, marking a meaningful reset in how the stock is being valued in this framework. This change lines up with recent research where many firms have lifted price targets, even as a large share of ratings sit at Neutral or similar, reflecting a more even mix of risk and potential reward. As you read on, you will see how this evolving narrative could matter for how you track Fortinet from here. Stay updated as the Fair Value for...
Why Fortinet Stock Zoomed Almost 9% Higher This Week
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Fortinet (FTNT) Stock Declines While Market Improves: Some Information for Investors
Fortinet (FTNT) concluded the recent trading session at $169.41, signifying a -1.84% move from its prior day's close.
Cybersecurity Stock Fortinet Forms Rare Pattern, Flirts With Buy Point
Fortinet stock is trading just below a buy point after a strong week for cybersecurity stocks. Shares are attempting to break above resistance around 170.
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Earnings snapshot
Next report Oct 28, 2026 (after the close)
Frequently Asked Questions
Common investor questions about Fortinet, Inc.
Fortinet, Inc. (FTNT) is currently trading at $189.10. The RSI (14-day) is at 73.2, indicating overbought territory (potentially overheated). Wall Street analysts have a consensus "hold" recommendation. The mean analyst price target of $164.32 implies 13.1% downside from current levels. Volatility is moderate at 24.4% annualized, meaning price movements are relatively contained. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Fortinet, Inc. (FTNT): The trailing P/E ratio is 60.35, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 45.47, lower than the trailing P/E, suggesting analysts expect earnings improvement. The PEG ratio is 2.37, above 2.0, suggesting the stock may be overvalued relative to its expected growth. Price-to-Book is 80.50. Price-to-Sales is 16.59. Valuation should be compared to Software - Infrastructure industry peers for context, as different sectors trade at different multiples.
Based on 36 analysts covering FTNT, the consensus price target is $164.32. This represents a 13.1% downside from the current price of $189.10. The range spans from a low target of $104.00 to a high target of $220.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "hold". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Fortinet, Inc. (FTNT) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for Fortinet, Inc. (FTNT) investors include: 1. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 2. Software - Infrastructure sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Fortinet, Inc.'s (FTNT) current debt and financial health profile: Total debt stands at $561.40M. The debt-to-equity ratio is 0.36x, which is moderate and generally manageable for most companies. The current ratio is 1.28, indicating adequate short-term liquidity. The quick ratio is 1.14. The company holds $4.07B in cash and equivalents. Free cash flow is positive at $2.27B, providing a cushion for debt servicing and shareholder returns.