The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FTNT

Concerning the House

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.

United States · www.fortinet.com

The Long Run

FY 2012–2025 · 14 years

LineLatestCAGRTrend
Revenue$5.30B+24.0%
Gross profit$5.47B+27.2%
Operating income$1.24B+27.0%
Net income$1.15B+25.1%
Cash from ops$2.26B+26.8%
Quotation

$165.44

+4.60 (+2.9%)

52w hi$168.29
52w lo$75.23
Vol3.94M
As ofAug 13
The Verdict

Buy

Our score +0.76

Short+0.56
Medium+0.97
Long+0.74

computed 2026-08-12

By the Numbers

Fortinet, Inc.

Technology · Software - Infrastructure

Market cap$121.39B
Enterprise value$114.50B
Trailing P/E58.46x
Forward P/E44.01x
EV / EBITDA44.11x
P / S (ttm)16.13x
Profit margin28.2%
Return on equity117.4%
Revenue growth+25.6%
Earnings growth+43.9%
Debt / equity36.19
Risk Metrics
Beta vs SPX1.13
Corr SPX0.45
Annual vol40.8%
Annual ret+52.4%
Sharpe1.28
Max DD-35.1%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.28
Sector+0.14
Technical+0.41
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-12

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$162.64$165.75$160.14$165.443.94M
Aug 12$161.48$165.11$160.00$160.843.85M
Aug 11$163.24$163.92$160.74$161.894.16M
Aug 10$159.90$167.19$159.64$164.215.73M
Aug 7$165.02$165.50$158.56$159.644.83M