NASDAQ:FTNT

Fortinet Inc (FTNT)

151.91
-3.14 (2.03%)
as of Jul 23, 2026, 3:35:00 pm Market Open.
85 watching
0
Investor Insights
star iconJul 22, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

Fortinet Inc (FTNT) has been facing significant challenges in the cybersecurity space, particularly due to concerns surrounding artificial intelligence and recent market downturns. Despite being a strong narrative on paper, the stock has experienced downward re-rating and negative sentiment from investors, indicating more sellers than buyers. Technically, the stock has seen troubling signs as it hovers around a crucial support level of $80, which, if breached, could signify further declines. Additionally, with a forward price-to-earnings ratio of 33x against an 11% growth rate, the stock's PEG ratio suggests overvaluation, exacerbated by its recent performance below the 200-day moving average. Overall, experts seem increasingly cautious about FTNT, labeling it as one of the weaker cybersecurity stocks in a market that remains uncertain.

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Consensus
Negative
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Valuation
Overvalued
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Similar
CRWD
TOP PICK

In his momentum portfolio. Growing sales and its order book at a 30% pace, which is a leading indicator of future demand. Growing earnings even faster. Pricey at 40x earnings, but justified given the great secular growth ahead. Trading below its historic average. Sees good and accelerating growth ahead, because of the imperative of cybersecurity. No dividend.

(Analysts’ price target is $70.90)
BUY
Palo Alto vs. Fortinet The cybersecurity business is growing 9% annually. Palo is moving towards a higher-margin subscription business, which translates into 25% earnings growth each year. A concern though is that Palo became profitable only in the last quarter. So, he prefers Fortinet which has been profitable since 2016.
BUY
Today, an analyst overweight call with a target of $76 They re-affirmed their guidance to grow 20% over 5 years, and have huge free cash flow while margins are 36%. It's in a really important industry, cybersecurity, and is relatively cheap though none in this space is cheap.
COMMENT
Cybersecurity space has been the place to be this year. Integrated, automated cybersecurity around the world. Lots of competition. See his Top Picks. (Analysts’ price target is $69.75)
BUY
It trades at 12x price to sales which is reasonable. They projects their billings by 2025 to reach $10 billion while the street sees $8.5 billion. It's in a rapidly growing space.
TOP PICK
Need to scale in to. A favourite in cybersecurity. Broad and integrated cybersecurity solutions. Global. Hardware and software licenses. Market's moved down, but this one hasn't come off a lot. 12-month target of $345. Average analyst target of $415. Buy some here around $270, but leave room to buy rest at $250 and 225. No dividend. (Analysts’ price target is $357.00)
COMMENT
Among the 10 top performers on the S&P of 2021 #4, up 142%. This did well because of cybersecurity demand. It's not cheap at 72c earnings. He prefers Crowstrike, Cloudflare or Palo Alto. Also, Fortinet isn't that proprietary and he doesn't expect them to repeat 2021's performance.
PAST TOP PICK
(A Top Pick Jun 21/21, Up 53%) Look at their upcoming earnings report closely; see if they maintain revenue growth and grab more market share in cybersecurity. After a fantastic run, the valuation is getting a little rich. Don't buy it here. Wait and see about earnings. If those disappoint, take some profits.
COMMENT

He owns a little bit of FTNT still. A cyber security company that has been aggressive on the sales and marketing side. However, in this space he would prefer CYBR.

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