| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
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| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Across the recent three months, 19 analysts have shared their insights on Fortinet (NASDAQ:FTNT), expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 13 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 1 | 0 |
| 3M Ago | 2 | 2 | 13 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $89.21, along with a high estimate of $125.00 and a low estimate of $67.00. A decline of 18.31% from the prior average price target is evident in the current average.
A comprehensive examination of how financial experts perceive Fortinet is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Meta Marshall | Morgan Stanley | Lowers | Underweight | $67.00 | $78.00 |
| Fatima Boolani | Citigroup | Lowers | Neutral | $85.00 | $110.00 |
| Amit Daryanani | Evercore ISI Group | Lowers | In-Line | $78.00 | $105.00 |
| Brian Essex | JP Morgan | Lowers | Neutral | $87.00 | $105.00 |
| Patrick Colville | Scotiabank | Lowers | Sector Outperform | $85.00 | $115.00 |
| Roger Boyd | UBS | Lowers | Neutral | $90.00 | $105.00 |
| Adam Borg | Stifel | Lowers | Hold | $85.00 | $95.00 |
| Andrew Nowinski | Wells Fargo | Lowers | Equal-Weight | $85.00 | $110.00 |
| Dan Bergstrom | RBC Capital | Lowers | Sector Perform | $95.00 | $110.00 |
| Joel Fishbein | Truist Securities | Lowers | Buy | $95.00 | $125.00 |
| Saket Kalia | Barclays | Lowers | Equal-Weight | $90.00 | $110.00 |
| Gregg Moskowitz | Mizuho | Lowers | Underperform | $75.00 | $87.00 |
| Daniel Ives | Wedbush | Lowers | Outperform | $100.00 | $120.00 |
| Keith Bachman | BMO Capital | Lowers | Market Perform | $90.00 | $110.00 |
| Catharine Trebnick | Rosenblatt | Lowers | Neutral | $85.00 | $125.00 |
| Rob Owens | Piper Sandler | Lowers | Neutral | $90.00 | $135.00 |
| Keith Weiss | Morgan Stanley | Lowers | Equal-Weight | $78.00 | $110.00 |
| Andrew Nowinski | Wells Fargo | Raises | Equal-Weight | $110.00 | $95.00 |
| Catharine Trebnick | Rosenblatt | Maintains | Buy | $125.00 | $125.00 |
For valuable insights into Fortinet's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Fortinet analyst ratings.
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3M period, Fortinet showcased positive performance, achieving a revenue growth rate of 13.64% as of 30 June, 2025. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Fortinet's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 27.0%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fortinet's ROE stands out, surpassing industry averages. With an impressive ROE of 21.88%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Fortinet's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.18%, the company showcases efficient use of assets and strong financial health.
Debt Management: Fortinet's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.48.
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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