Fortinet, Inc. FTNT
Fortinet, Inc. (FTNT) earns a Piotroski F-score of 6/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $6.8B at a 27.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.65 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-07-31 | Susquehanna | Neutral (main) |
| 2026-07-30 | Citigroup | Neutral (main) |
| 2026-07-30 | Piper Sandler | Neutral (main) |
| 2026-07-30 | RBC Capital | Sector Perform (main) |
| 2026-07-30 | Morgan Stanley | Equal-Weight (main) |
| 2026-07-30 | Stifel | Hold (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 6/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.083 |
| Retained earnings / assets | -0.049 |
| EBIT / assets | 0.201 |
| Equity / liabilities | 0.135 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| FTNT | Fortinet, Inc. | 6/9 | 1.88 | 59.8 | +14.2% |
| XRX | Xerox Holdings Corp | 3/9 | — | — | +12.9% |
| LOGI | LOGITECH INTERNATIONAL S.A. | 6/9 | 8.37 | 16.3 | +6.3% |
| PANW | Palo Alto Networks Inc | 4/9 | 1.09 | 218.6 | +14.9% |
| IMMR | IMMERSION CORP | 5/9 | 3.87 | 51.4 | +11.2% |
| CRSR | Corsair Gaming, Inc. | 6/9 | 2.15 | — | +11.9% |
| SSYS | STRATASYS LTD. | 2/9 | -1.42 | — | -3.7% |
About Fortinet, Inc.
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
FAQ
Is FTNT financially healthy?
Fortinet, Inc.'s Piotroski F-score is 6/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.
Does FTNT pay a dividend?
No, Fortinet, Inc. does not currently pay a dividend.
How profitable is FTNT?
In FY2025, Fortinet, Inc. had a net margin of 27.3% and a return on equity of 149.8%.
Is FTNT overvalued or undervalued?
Fortinet, Inc. trades at about 66.5× trailing earnings — above its 10-year norm (10-year range 33.6×–255.8×, median 49.9×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for FTNT?
The average Wall-Street price target for Fortinet, Inc. is $160.86, about 0.0% above the recent price, from 37 analysts (consensus: hold).
Is FTNT a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on Fortinet, Inc.: a Piotroski F-score of 6/9, an Altman Z″ in the grey zone, a P/E of about 59.8×. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.