NASDAQ:FTNT

Fortinet Inc (FTNT)

154.54
-7.31 (4.52%)
as of Sep 2, 2026, 8:00:00 pm Market Open.
84 watching
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Investor Insights
star iconSep 2, 2026, 12:00 am

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

Fortinet Inc (FTNT-Q) has faced a significant downturn in its stock performance and is seen as the weakest player among cybersecurity stocks according to multiple reviews. Despite ongoing growth in the cybersecurity sector and the essential nature of its services, FTNT has struggled, particularly following a notable hack last summer. Currently, the stock appears to be losing critical support at the $80 level, which raises concerns about its long-term viability. Analysts point to a high forward PE ratio of 33x with only 11% projected growth, suggesting that the stock is overvalued. The overall market sentiment reflects caution, with opportunities for better-performing alternatives.

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Consensus
Cautious
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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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