CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Ryan Brothwell, Financial Journalist. Data refreshed daily. Not financial advice.
Fortinet, Inc. (FTNT) is currently trading at $184.05, above its 50-day and 200-day moving averages ($168.86 and $122.92), indicating positive short-to-medium term momentum. The company has demonstrated consistent earnings beats, with the latest quarter exceeding estimates by 20%. However, significant insider selling totaling $216.1 million contrasts with only $34.9 thousand in purchases, signaling a 'Heavy Sell Signal' verdict from insider activity. Wall Street analysts maintain a 'Hold' consensus with a median price target of $165.00, implying a -10.4% downside from the current price. The cybersecurity sector remains competitive, and while Fortinet has a strong market position, the substantial insider divestitures warrant investor attention. The company's revenue growth is projected to be around 19.00% for the current year, slowing to 11.00% next year, indicating a moderation in its rapid expansion phase. Investors should monitor upcoming earnings reports and insider transaction filings closely.
FTNT at a glance
Fortinet, Inc. (FTNT): Hold, 52/100 on CleaRank's AI score.
TrendUp: the price is above both its 50- and 200-day moving averages ($168.86 and $122.92).
InsidersInsiders sold $216.1M and bought $35K over the last 18 months.
ValuationP/E of 65.0 against 34.0 for the Technology sector: a premium to peers (+91%).
As of October 15, 2026, Fortinet, Inc. (FTNT) trades at $184.05. Wall Street's consensus target is $165.00 across 44 analysts. The 14-day RSI (daily closes) is 56, in neutral territory, and the price is above its 50-day simple moving average of $168.86.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from FTNT's own price, earnings and insider-filing history. Tap one to see it in context.
Trading at a significant premium to sector peers (+91%), suggesting market expectations for superior growth or market position.
FTNT Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
In the last 2 quarters, FTNT beat the analyst estimate 2 times; the stock fell in the first session after 1 of those beats.
FTNT earnings surprises and the stock's reaction
Report
EPS estimate
EPS actual
Surprise
First session
5 sessions
Jul 29, 2026
$0.75
$0.90
+20.00%
+0.67%
+7.12%
Mar 18, 2026
$2.51
$2.69
+7.17%
-0.32%
-5.40%
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
As of October 15, 2026, FTNT has beaten the analyst EPS estimate in 2 of its last 2 reported quarters and fell in the first trading session after 1 of those beats; its latest report, on July 29, 2026, came in 20.00% above the estimate and the stock moved +0.67% in the first session.
FTNT Analysis
Company's Health4/5
12-Month Analyst Target-10.35% below price
Median of 44 analysts (12-month)
$165.00
AI Analyst Consensus ScoreHold
Fortinet, Inc. (FTNT) is trading above its 50-day SMA of $168.86 and its 200-day SMA of $122.92, suggesting an overall bullish trend. The 14-day RSI is at 56.15, indicating neutral momentum, neither overbought nor oversold. The MACD at 6.54 also points to a positive, albeit moderate, trend. Volume on the latest trading day was 3.95 million shares, exceeding the average volume of 3.32 million shares by 19%, indicating increased investor interest. Key support levels are seen around the 50-day SMA, while resistance may be encountered near recent highs. The current price of $184.05 is also above the 20-day EMA of $181.85. The technical setup suggests a stable to upward trajectory in the near term, but the significant insider selling could act as a headwind against further price appreciation.
ProTips
Fortinet's stock is trading above its 50-day and 200-day moving averages ($168.86 and $122.92), indicating positive technical momentum, but the RSI is neutral, suggesting a pause or consolidation may be possible.
Key Catalysts
BearishHeavy Insider Selling Activity
Insiders have sold over $216 million worth of Fortinet stock, contrasting with minimal purchases, leading to a 'Heavy Sell Signal' verdict and raising concerns about management's confidence.
Source: Insider Transactions Data
BullishConsistent Earnings Beats
Fortinet has a history of exceeding analyst EPS estimates, with the latest quarter showing a 20% surprise, indicating strong operational performance.
Source: Earnings Data
NeutralModerating Revenue Growth Projections
While current year revenue growth is projected at 19.00%, next year's growth is expected to slow to 11.00%, which could impact investor sentiment if not managed effectively.
Source: Wall Street Revenue Estimates
Market Outlook
Fortinet, Inc. (FTNT) is expected to maintain its market position in cybersecurity, with projected revenue growth of 19.00% for the current year. The company's strong profit margins and return on equity significantly outpace sector averages, providing a solid fundamental underpinning. However, the outlook is tempered by a 'Heavy Sell Signal' from insider transactions and a Wall Street median price target that implies downside risk. A slowdown in revenue growth to 11.00% next year could also impact sentiment. Investors should monitor competitive pressures and the company's ability to sustain its premium valuation in light of moderating growth and significant insider divestitures.
Key Statistics
Market Cap
135.04B
P/E Ratio
65.04
EPS (TTM)
2.83
Dividend Yield
0.00%
52 Week High
197.13
52 Week Low
73.55
As of October 15, 2026, FTNT trades at $184.05, with a market value of $135.04B and a P/E ratio of 65.04.
Its return on equity stands at an impressive 117.44%, far exceeding the sector median of 13.4%. The company's price-to-sales ratio is 17.94, which is higher than the sector median of 7.5, suggesting a premium valuation relative to its peers. Despite the premium valuation, the company's strong profitability and growth metrics, including a current year revenue growth estimate of 19.00%, support its market position. The current price of $184.05 is trading at a P/E ratio of approximately 65.04, which is considerably higher than the sector median P/E of 34, indicating that the stock is trading at a premium valuation.
Earnings & Growth Analysis
Fortinet, Inc. (FTNT) has a track record of exceeding analyst expectations, as evidenced by its recent earnings reports. The company reported EPS of $0.90 for the quarter reported July 29, 2026, beating the estimate of $0.75 by 20% and resulting in a 0.67% price increase. Prior to that, in March 2026, EPS of $2.69 surpassed the estimate of $2.51 by 7.17%, though the stock saw a slight decline of -0.32%. This pattern of earnings beats suggests strong operational execution and effective cost management.
Key Risks
The stock's premium valuation, with a P/E ratio of approximately 65.04 and a price-to-sales ratio of 17.94, is considerably higher than sector averages, exposing it to potential downside if growth expectations are not met.
Technical Indicators i
RSI (14-day)
56.15
MACD (12, 26)
6.54
SMA (50-day)
168.86
SMA (200-day)
122.92
Technical RatingBullish
RSI
Neutral
SMA Cross
Bullish
Price vs SMA
Bullish
MACD
Bullish
Golden Cross in effect with the 50-day SMA ($168.86) above the 200-day SMA ($122.92), price action is firmly bullish above key moving averages.
As of October 15, 2026, with FTNT at $184.05, its 14-day RSI is 56.2 (neutral territory), its 50-day simple moving average is $168.86 and its 200-day is $122.92.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.38
Weak correlation
Nasdaq 100 (QQQ)+0.39
Weak correlation
Bitcoin (BTC)+0.17
Weak correlation
Gold (XAU)+0.03
Weak correlation
As of October 15, 2026, FTNT's 1-year correlation of daily returns is +0.38 with S&P 500 (SPY), +0.39 with Nasdaq 100 (QQQ), +0.17 with Bitcoin (BTC) and +0.03 with gold (XAU).
Check Custom Correlation
How does any other asset move with FTNT? One year of daily closes, Pearson correlation.
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FTNT Wall Street View
12-month price targets
Low $104.00Median $165.00 (-10.4%)High $220.00
Ratings
Buy 9Hold 30Sell 53 months ago: 11 of 44 buy
Recent rating actions
Recent analyst rating actions on FTNT
Date
Firm
Action
Rating
Oct 12, 2026
Barclays
Maintains
Equal-Weight
Oct 12, 2026
RBC Capital
Maintains
Sector Perform
Oct 8, 2026
Amerx
Initiates
Overweight
Sep 17, 2026
Bernstein
Maintains
Market Perform
Sep 11, 2026
Wedbush
Assumes
Neutral
Jul 31, 2026
Susquehanna
Maintains
Neutral
As of October 15, 2026, 44 Wall Street analysts cover FTNT: 9 rate it a buy or strong buy, 30 a hold and 5 a sell or strong sell. Their 12-month price targets range from $104.00 to $220.00, with a median of $165.00, 10.4% below the price of $184.05.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
FTNT Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Entry Strategies pick an entry style
Conservative
$182.21
Slight discount to current
Wait for small dip
Aggressive
$184.05
At current price
Enter now if confident
Risk Management
STOP LOSS
$173.54
MAX LOSS
-4.8%
Volatility-Adjusted Stop Loss
Calculated based on RSI (56.2) and current market volatility
These levels come from FTNT's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in FTNT in October 2016 would be worth about $297,238 today, compared with about $36,237 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
FTNT Drawdowns & Recovery
Worst fall, last 10 years
-36.7%
February 2020 to March 2020
Recovery
2 months
back at the old peak by May 2020
From the 10-year high
-5.5%
highest close, October 2026
1-year holds that gained
81%
of every 1-year window
As of October 15, 2026, FTNT's worst peak-to-trough fall over the last 10 years was -36.7% (February 2020 to March 2020); it regained that peak by May 2020, 2 months after the low, and 81% of 1-year holding periods ended with a gain.
From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in FTNT today could grow to about $30,394 by 2036 in the base case, with a 90th-percentile outcome near $162,152 and a 10th-percentile outcome around $5,697. Projections are statistical simulations, not guarantees.
FTNT Stock Price Prediction: 2030
CleaRank's simulation projects a price near $287 for FTNT by 2030 in the base case, from $184 today (1.6x over 4 years). The 10th-percentile path ends near $99.58. These are outcomes of a Monte Carlo simulation run on FTNT's historical return distribution, not price targets, and they assume no dividends are reinvested.
FTNT simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$121
$206
$349
2028
$109
$230
$486
2029
$103
$257
$643
2030
$99.58
$287
$828
2031
$98.21
$321
$1,048
Method: a lognormal simulation of FTNT's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
As of October 15, 2026, FTNT insiders reported 26 open-market sales worth $216.1M and 1 open-market purchase worth $35K over the last 18 months; grants and option exercises are not counted.
Recent insider transactions in FTNT
Date
Insider
Type
Shares
Value
Sep 15, 2026
WHITTLE JOHN
Chief Operating Officer
Sell
56.7K
$9.4M
Sep 15, 2026
WHITTLE JOHN
Chief Operating Officer
Option
56.7K
$3.5M
Aug 4, 2026
OHLGART CHRISTIANE MARGRIT
Chief Financial Officer
Sell
387
$63.7K
Aug 3, 2026
XIE KENNETH QING
Chief Executive Officer
Sell
161.5K
$26.3M
Aug 3, 2026
XIE MICHAEL
Chief Technology Officer
Sell
3.1K
$507.6K
Aug 3, 2026
XIE KENNETH QING
Chief Executive Officer
Option
168.1K
$3.5M
Jul 31, 2026
OHLGART CHRISTIANE MARGRIT
Chief Financial Officer
Grant
1.6K
-
Jul 31, 2026
WHITTLE JOHN
Chief Operating Officer
Grant
4.6K
-
Jul 31, 2026
XIE MICHAEL
Chief Technology Officer
Grant
6.3K
-
Jun 11, 2026
GOLDMAN KENNETH ALLEN
Director
Grant
650
-
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Frequently Asked Questions
What is Fortinet's (FTNT) long-term outlook?
Fortinet's long-term outlook is supported by its strong profitability and market position in cybersecurity. However, projected revenue growth is expected to moderate from 19.00% this year to 11.00% next year.
What are the key risks for Fortinet (FTNT)?
Key risks for Fortinet include substantial insider selling totaling over $216 million, a premium valuation compared to sector peers, and a Wall Street median price target that implies downside potential. The competitive cybersecurity landscape also presents ongoing challenges.
How does Fortinet's (FTNT) valuation compare to its sector?
Fortinet's valuation is at a premium compared to the Technology sector averages. Its P/E ratio is approximately 65.04 versus the sector median of 34, and its price-to-sales ratio is 17.94 compared to the sector median of 7.5. While its profit margins and ROE are superior, the higher valuation multiples warrant scrutiny.
What is Fortinet's (FTNT) revenue growth forecast?
Fortinet's revenue growth is projected at 19.00% for the current year and is expected to slow to 11.00% next year. For the next quarter, revenue growth is estimated at +13.00% year-over-year.
Is FTNT in an uptrend?
Yes. Fortinet, Inc. (FTNT) trades at $184.05, above both its 50- and 200-day moving averages ($168.86 and $122.92). Its 14-day RSI on daily closes is 56.2, in neutral territory.
Are insiders buying or selling FTNT?
Selling, on balance. In the last 18 months, FTNT's officers, directors and large holders reported 26 sales worth $216.1M and 1 open-market purchase worth $35K. Grants and option exercises are not counted as buying.
What is the analyst price target for FTNT?
As of October 15, 2026, the 44 Wall Street analysts covering FTNT have 12-month targets from $104.00 to $220.00, with a median of $165.00, 10.4% below the current price of $184.05. 9 rate it a buy or strong buy, 30 a hold and 5 a sell or strong sell. Three months ago 11 of 44 rated it a buy.
What is FTNT's biggest drop in the last 10 years?
Fortinet, Inc. (FTNT)'s worst peak-to-trough fall over the last 10 years was -36.7%, from February 2020 to March 2020. It regained that peak by May 2020, 2 months after the low. Over the same period, 81% of 1-year holding periods ended with a gain.
What are FTNT's best and worst months?
Over the last 10 years, May has been FTNT's strongest month on average (+8.27%, rising in 5 of 10 years) and September its weakest (-0.66%, rising in 5 of 10 years). Seasonal averages describe the past and do not predict a given year.
How closely does FTNT move with the stock market?
Over the past year FTNT's daily returns were weakly correlated with the S&P 500 (SPY) (+0.38). Nasdaq 100 (QQQ): +0.39; Bitcoin (BTC): +0.17; Gold (XAU): +0.03. A figure near +1 means the two usually move together; near 0 means little relationship.
