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Upturn AI SWOT - About
FTNT 
Fortinet Inc (FTNT)
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Upturn Advisory Summary
08/28/2025: FTNT (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
45 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $90.42
1 Year Target Price $90.42
| 9 | Strong Buy |
| 7 | Buy |
| 27 | Hold |
| 0 | Sell |
| 2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 10.97% | Avg. Invested days 77 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 60.76B USD | Price to earnings Ratio 31.59 | 1Y Target Price 90.42 |
Price to earnings Ratio 31.59 | 1Y Target Price 90.42 | ||
Volume (30-day avg) 45 | Beta 1.08 | 52 Weeks Range 70.12 - 114.82 | Updated Date 08/28/2025 |
52 Weeks Range 70.12 - 114.82 | Updated Date 08/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.51 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-06 | When After Market | Estimate 0.59 | Actual 0.64 |
Profitability
Profit Margin 30.6% | Operating Margin (TTM) 28.02% |
Management Effectiveness
Return on Assets (TTM) 13.02% | Return on Equity (TTM) 165.17% |
Valuation
Trailing PE 31.59 | Forward PE 31.15 | Enterprise Value 56300765158 | Price to Sales(TTM) 9.59 |
Enterprise Value 56300765158 | Price to Sales(TTM) 9.59 | ||
Enterprise Value to Revenue 8.88 | Enterprise Value to EBITDA 23.07 | Shares Outstanding 766265984 | Shares Floating 649065643 |
Shares Outstanding 766265984 | Shares Floating 649065643 | ||
Percent Insiders 16.87 | Percent Institutions 72.35 |
Upturn AI SWOT
Fortinet Inc
Company Overview
History and Background
Fortinet Inc. was founded in 2000 by brothers Ken and Michael Xie. It became a leading cybersecurity provider, focusing on network security appliances and services. Fortinet went public in November 2009.
Core Business Areas
- Network Security: Fortinet's network security solutions include firewalls, intrusion prevention systems (IPS), and virtual private networks (VPNs) designed to protect network infrastructure.
- Cloud Security: Fortinet provides security solutions for public, private, and hybrid cloud environments, including cloud workload protection and cloud access security broker (CASB) services.
- Security Operations: Fortinet offers security information and event management (SIEM), security orchestration, automation, and response (SOAR), and endpoint detection and response (EDR) solutions to improve threat detection and response capabilities.
- SD-WAN: Fortinetu2019s Secure SD-WAN solution enhances WAN performance while providing integrated security features.
Leadership and Structure
Ken Xie is the Chairman and CEO. The company has a traditional hierarchical structure with departments for sales, marketing, engineering, and finance.
Top Products and Market Share
Key Offerings
- FortiGate Firewalls: FortiGate next-generation firewalls (NGFWs) provide advanced threat protection and network security. Fortinet holds a significant market share in the firewall market. Competitors include Palo Alto Networks (PANW) and Check Point Software (CHKP).
- FortiGuard Security Services: FortiGuard is a suite of security intelligence and threat research services, including intrusion prevention, antivirus, and web filtering. Fortinet is a major player in security intelligence. Competitors include CrowdStrike (CRWD) and Trend Micro (TMICF).
- FortiManager: FortiManager provides centralized management and visibility across Fortinet security devices. No specific revenue data or market share data available publicly. Competitors include Cisco (CSCO) and Juniper Networks (JNPR).
Market Dynamics
Industry Overview
The cybersecurity industry is experiencing rapid growth due to increasing cyber threats, digital transformation, and regulatory compliance requirements.
Positioning
Fortinet is a leading player in the cybersecurity market, known for its broad product portfolio, integrated security platform, and threat intelligence capabilities. It competes with both established vendors and emerging players.
Total Addressable Market (TAM)
The global cybersecurity market is projected to reach hundreds of billions of dollars in the coming years. Fortinet is well-positioned to capture a significant share of this market due to its comprehensive product offerings and strong market presence.
Upturn SWOT Analysis
Strengths
- Broad product portfolio
- Integrated security platform
- Strong threat intelligence
- Global presence
- High-performance security appliances
Weaknesses
- Complexity of product offerings
- High upfront costs for some solutions
- Integration challenges with third-party products
Opportunities
- Growing demand for cloud security
- Expansion into emerging markets
- Increasing adoption of SD-WAN
- Development of new security technologies
Threats
- Intense competition
- Rapidly evolving threat landscape
- Economic downturns
- Security breaches
Competitors and Market Share
Key Competitors
- PANW
- CHKP
- CRWD
- CSCO
Competitive Landscape
Fortinet's advantages include its broad product portfolio, integrated security platform, and strong threat intelligence. Its disadvantages include the complexity of its product offerings and integration challenges with third-party products.
Major Acquisitions
Accops Systems
- Year: 2023
- Acquisition Price (USD millions): 0
- Strategic Rationale: Accops acquisition will allows Fortinet to deliver a comprehensive secure access service edge (SASE) solution that supports the hybrid workforce. Price was not disclosed.
invisiShield
- Year: 2022
- Acquisition Price (USD millions): 0
- Strategic Rationale: invisiShield acquisition enhances Fortinet's security offerings for cloud environments. Price was not disclosed.
Growth Trajectory and Initiatives
Historical Growth: Fortinet has experienced strong revenue growth over the past years, driven by demand for its security solutions and market share gains.
Future Projections: Analysts project continued revenue growth for Fortinet, driven by demand for cloud security, SD-WAN, and security operations solutions.
Recent Initiatives: Recent initiatives include expansion of its cloud security offerings, strategic partnerships, and acquisitions to enhance its product portfolio.
Summary
Fortinet is a strong cybersecurity company with a comprehensive product portfolio and a leading market position. Its integrated security platform and strong threat intelligence provide a competitive advantage. The company faces intense competition and a rapidly evolving threat landscape, but its growth trajectory remains positive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Reports
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fortinet Inc
Exchange NASDAQ | Headquaters Sunnyvale, CA, United States | ||
IPO Launch date 2009-11-18 | Co-Founder, Chairman & CEO Mr. Ken Xie | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 14898 | Website https://www.fortinet.com |
Full time employees 14898 | Website https://www.fortinet.com | ||
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) 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. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
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