Insider buying last 90 days
No open-market insider purchases were filed for FTNT in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every FTNT insider filing, plotted on the chart in Gekko.Open FTNT in Gekko
NASDAQ: FTNT
Fortinet (FTNT) Stock Analysis & Forecast
Nov 4 close
$129.39+1.28 (+1.0%)
Gekko Brief
Nov 4 closeFortinet closed at $129.39 on 4 November 2026, +1% on the day. The price sits between the 50-day ($169.84) and 200-day ($129.17) moving averages, inside a 52-week range of $73.55 to $197.13. The GekkoIndex reads 73.2, in the Buying zone, up 13.7 points over five sessions. Gekko Fair Value is $123.16, so the price is 5.1% above it.
The next earnings report is due on 4 February 2027, 91 days away (after close). Over the last 8 reports the company beat the earnings estimate 8 times, with an average move of 11% across the report. Over the last 30 days there was 1 unusual options signal. Seasonally, the next 20 trading days from this point averaged +4.1% over the last 5 years, rising in 3 of them.
28 firms rate the stock: 6 buy, 18 hold and 4 sell, with a consensus target of $145.96. A typical daily move is about 8.1%, and a typical 20-day move about 5.9%. On the swing-trade checklist, 4 items read supportive and 1 reads as a headwind (fair value).
A plain summary of the figures as of the Nov 4, 2026 close.
Fortinet price vs fair value
Close $129.39200-day averageGekko Fair Value $123.16
Fortinet quick facts
- Market cap
- $94.94B
- P/E ratio
- 44.4
- Forward P/E
- 35.2
- EPS, TTM
- $2.84
- Revenue, TTM
- $7.88B
- Profit margin
- 29%
- Dividend yield
- —
- Beta
- 1.04
- Volume
- 5.76M avg 5.38M
- 1-year return
- +47.8%
- Typical daily move
- ±8.1%
- Typical 20-day move
- ±5.9%
- 50-day average
- $169.84
- 200-day average
- $129.17
- Next earnings
- Feb 4 after close
- Shares outstanding
- 734.7M
Fortinet swing-trade checklist
Fortinet scores 4 supportive, 1 mixed and 1 headwind across the 6 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
4 supportive1 mixed1 headwind
- Trendmixed
Averages disagree
Close $129.39 sits between the 50-day ($169.84) and 200-day ($129.17) averages, or the averages disagree.
See the chart - GekkoIndexsupportive
73.2, Buying
Reading 73.2 is in the Buying zone.
See the GekkoIndex - Fair valueheadwind
5.1% above
Price is 5.1% above Gekko Fair Value (more than 5% above).
See fair value - Smart moneysupportive
Leans bullish
Last 30 days: 1 unusual options signal.
See smart money - Earnings risksupportive
Reports in 91 days
Next report Feb 4, 2027, 91 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitysupportive
+4.1% on average
From this point in the calendar, the next 20 trading days averaged +4.1% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
Fortinet stock chart and price history
Fortinet closed at $129.39 on Nov 4, 2026, +47.8% over the past year, inside a 52-week range of $73.55 to $197.13.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −32.4%
- 3 months
- −19.2%
- 6 months
- +43.8%
- 1 year
- +47.8%
The full FTNT chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open FTNT in Gekko
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About Fortinet
Fortinet designs and sells cybersecurity technology that blends hardware and software to guard networks, devices, and information for clients spread across the Americas, Europe, the Middle East, Africa, and Asia Pacific. Its flagship line, FortiGate, pulls together firewall protection, intrusion detection, malware defense, VPN access, application controls, web filtering, spam blocking, and network acceleration into a single platform. Around this central product sit tools for secure switching, wireless networking, centralized monitoring, email and web application security, sandbox-based threat analysis, endpoint defense, and identity verification through multi-factor authentication.
Revenue comes from a mix of product sales, ongoing security subscriptions, support contracts, consulting work, and training services. Fortinet reaches buyers both through its own sales channels and via outside partners, and its customer base spans telecommunications, government, finance, education, retail, manufacturing, healthcare, and other technology-driven fields. The company also has a business tie with Linksys.
Fortinet operates out of Sunnyvale, California, having started operations in 2000. Its stock trades on the NASDAQ under the ticker FTNT.
- Listed
- NASDAQ
- Sector
- Technology services
- Industry
- Information technology services
- Website
- fortinet.com
Fortinet GekkoIndex: the smart money zone
Fortinet’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 73.2, in the Buying zone, up 13.7 points over five sessions.
73.2Buying
Up 13.7 points over five sessions, from the Neutral zone.
Reading for Nov 4, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying (current zone) | 26 | +5.1% | +8.5% | ||
| Accumulation | 190 | +1.4% | +4.9% | ||
| Neutral | 420 | +0.2% | +2.7% | ||
| Distribution | 55 | +1.9% | +4.2% | ||
| Selling | 6 | Too few readings yet | |||
Average FTNT share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.0% over 20 days. Past behaviour doesn’t guarantee future results.
Buying zone: Smart money likely accumulating heavily. About the five zones →
See every daily GekkoIndex reading plotted over the FTNT price, zone by zone.Track FTNT in Gekko
Is Fortinet stock overvalued? Gekko Fair Value
Fortinet trades 5.1% above Gekko Fair Value of $123.16, so the shares are overvalued on Gekko’s estimate.
Gekko’s own estimate of what Fortinet shares are worth, recalculated every trading day.
$123.16
Gekko Fair Value, Nov 4, 2026
5.1% Overvalued
At the end of Aug 2026 the price was 34.3% above the estimate.
Gekko Fair ValueShare price, month end
Gekko Fair Value on every chart, with the gap to price updating daily.Open FTNT in Gekko
Fortinet insider and Congress trading
No open-market insider purchases were filed for Fortinet, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in FTNT were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for FTNT, plotted on the chart in Gekko.Open FTNT in Gekko
Buybacks
Fortinet has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $149.8M
- As a share of market cap
- 0.16%
- Trailing four quarters
- $2.86B
From company filings.
Unusual options activity last 30 days
1signal, 89% of the flagged premium in calls.
Latest: Bullish flow on Oct 30, $5.12M in unusual premium.
Hedge funds and billionaires quarter ended Jun 30
1of the funds Gekko tracks holds FTNT.
0added0opened1trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko
Fortinet earnings: next date and track record
Fortinet reports on Feb 4, 2027, after the close (91 days away), and beat the EPS estimate in 8 of its last 8 reports.
Next earnings report
Feb 4, 2027
Expected after the close, 91 days away
- EPS estimate
- $0.94
- Revenue estimate
- $2.20B
8 of 8reports beat the EPS estimate
±11%average move across the report
4 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Oct 28, 2026 AI summary
- What they said
- Fortinet reported strong Q3 2026 results with billing growth of 29%, total revenue up 20%, and product revenue surging 37% year-over-year. The company raised its 2026 billing guidance for the third time this year. Key growth drivers include SASE firewall billing up 31%, new AI security product launches including FortiGuard Inline AI Security Services and FortiAIGate, and expansion of the FortiLink SASE services platform targeting existing hardware installed base.
- Guidance
- Management raised full-year 2026 billing guidance for the third time, signaling continued strong momentum. Fourth quarter guidance was to be provided by CFO Christiane Ohlgart. Management expressed confidence in sustained high recurring revenue growth and strong cash generation.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Oct 28, 2026 | $0.91 est $0.86 | $2.08B est $2.06B | −24.8% |
| Jul 29, 2026 | $0.81 est $0.66 | $2.05B est $1.89B | +2.8% |
| May 6, 2026 | $0.82 est $0.62 | $1.85B est $1.73B | +20.1% |
| Feb 5, 2026 | $0.81 est $0.74 | $1.91B est $1.86B | +2.0% |
| Nov 5, 2025 | $0.74 est $0.63 | $1.72B est $1.70B | −5.5% |
| Aug 6, 2025 | $0.64 est $0.59 | $1.63B est $1.63B | −21.7% |
| May 7, 2025 | $0.58 est $0.53 | $1.54B est $1.54B | −8.8% |
| Feb 6, 2025 | $0.74 est $0.60 | $1.66B est $1.59B | +2.5% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Fortinet stock forecast and analyst price targets
Analysts’ average 12-month price target for Fortinet is $145.96, +12.8% from the last close, from 28 firms rating the stock in the last 90 days.
$145.96consensus 12-month target, +12.8% from the last close
Now $129.39Avg $145.96
Low $110High $200
Each firm’s latest rating in the last 90 days: 28 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Nov 3 | Daiwa | $150 | +15.9% |
| Oct 30 | Citi | $140 | +8.2% |
| Oct 30 | Freedom Capital Markets | $150 | +15.9% |
| Oct 30 | Wells Fargo | $115 | −11.1% |
| Oct 30 | Robert W. Baird | $150 | +15.9% |
+8.5%average 20-day move after past Buying readings
+4.1%average move over the next 20 trading days in the last 5 years
±8.1%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Fortinet seasonality: the next 20 trading days
Over the next 20 trading days from Nov 4, Fortinet averaged +4.1% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +8.2% | 3 of 5 |
| Next 10 trading days | +4.9% | 4 of 5 |
| Next 15 trading days | +5.4% | 3 of 5 |
| Next 20 trading days | +4.1% | 3 of 5 |
| Next 30 trading days | +6.6% | 3 of 5 |
For scale, FTNT’s typical 20-trading-day move in either direction is about 5.9%.
Fortinet market cap and key statistics
Fortinet’s market cap is $94.94B, with a P/E ratio of 44.4 and revenue of $7.88B over the last twelve months.
Valuation
- Market cap
- $94.94B
- P/E ratio
- 44.4
- Forward P/E
- 35.2
- EPS, TTM
- $2.84
- Gekko Fair Value
- $123.16
Trading
- Volume
- 5.76M
- Avg volume, 20 days
- 5.38M
- 52-week high
- $197.13
- 52-week low
- $73.55
- Shares outstanding
- 734.7M
Financials
- Revenue, TTM
- $7.88B
- Profit margin
- 29%
- Return on equity
- 153.1%
- Quarterly earnings growth, YoY
- +38.7%
Risk and income
- Beta
- 1.04
- Typical daily move
- ±8.1%
- Typical 20-day move
- ±5.9%
Fortinet stock news this week
Coverage of Fortinet this week reads neutral: 3 positive, 10 neutral and 8 negative headlines.
- Fortinet, Inc. (FTNT) Seasonal returns chartYahoo Finance Australia, Nov 4
- Should Twilio Stock Holders Look At Fortinet Instead?Trefis, Nov 4
- Buy, Sell, or Hold? Wednesday's Top Upgrades and Downgrades: Adobe, Apple, Duolingo, Exxon Mobil, Fiserv, Fortinet, Gartner, Lockheed Martin, Skyworks Solutions, Visa and More24/7 Wall St., Nov 4
- Rakuten Investment Management Inc. Acquires New Position in Fortinet, Inc. $FTNTMarketBeat, Nov 4
- Form 4 Fortinet Inc: Ken Xie (Director, President & CEO) For: 1 NovemberInvesting.com UK, Nov 4
- FTNT Q3 Earnings Call Highlights Services Outlook and AI DemandZacks Investment Research, Nov 4
Fortinet peers
Fortinet’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| IBMInternational Business Machines | Neutral | 8.4% below |
| ACNAccenture | Neutral | 14.6% above |
| NETCloudflare | Accumulation | 11.4% below |
| WDAYWorkday | Neutral | 15.9% above |
| CTSHCognizant Technology Solutions | Neutral | 18.7% below |
| HPQHP | Accumulation | 6.2% below |
A peer links to its own page where one exists.
Fortinet stock FAQ
What is Fortinet’s market cap?
Fortinet’s market cap is $94.94B at the Nov 4, 2026 close of $129.39, with 734.7M shares outstanding. The shares trade on a P/E ratio of 44.4.
What is the Fortinet stock forecast?
The consensus analyst 12-month price target for Fortinet is $145.96, +12.8% from the last close. Of the 28 firms that rated the stock in the last 90 days, 6 rate it a buy, 18 a hold and 4 a sell. Gekko doesn’t publish price predictions of its own.
Is Fortinet stock overvalued or undervalued?
On Gekko’s estimate Fortinet is overvalued: the Nov 4, 2026 close of $129.39 is 5.1% above Gekko Fair Value of $123.16. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does Fortinet report earnings next?
Fortinet is expected to report on Feb 4, 2027, after the market closes (91 days away). Analysts expect earnings of $0.94 per share on revenue of $2.20B. Fortinet beat the earnings estimate in 8 of its last 8 reports, moving 11% on average across the report.
What is Fortinet’s 52-week high and low?
Fortinet’s 52-week high is $197.13 and its 52-week low is $73.55; it closed at $129.39 on Nov 4, 2026, +47.8% over the past year.
Is Fortinet stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 6 items with data read as supportive (gekkoindex, smart money, earnings risk and seasonality), 1 as mixed (trend) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.
Is there unusual options activity in Fortinet?
Gekko flagged 1 unusual options signal in Fortinet over the last 30 days, with $4.57M of flagged premium in calls and $553K in puts. The latest, bullish flow, was on Oct 30, 2026 with $5.12M in unusual premium. The signal-by-signal table is in Gekko.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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