Fortinet, Inc. FTNT
Strong Cybersecurity sector · Network-security with its own custom chips — strong margins and a large installed base.
▼ Downgraded Insufficient → Strong on 2026-08-10.
🗓 Reports earnings in 74 days (2026-11-04) — calendar context, not a prediction.
Fortinet, Inc. (FTNT) is an established Cybersecurity company, graded Strong on FrontierLab's evidence-based quality rubric (data as of 2026-08-21). Revenue grew 18.8% year-over-year at a 80.4% gross margin. Gross-profits-to-assets is 0.56; Rule of 40 is 51.2. Net share issuance -4.3% YoY (buying back shares). No risk flags are currently noted. Analyst mix: 17 buy / 29 hold / 6 sell.
These sentences are generated from the day's data by deterministic templates.
Key quality signals
| Revenue growth (YoY) | 18.8% |
|---|---|
| Gross margin | 80.4% |
| Gross profits / assets | 0.56 |
| Rule of 40 | 51.2 |
| Net margin | 32.4% |
| Cash runway (months) | — |
| PEG | 4 |
| Price / sales | 14.7 |
Quality checklist
Each line is one quality test behind the grade — ✓ passed · ~ borderline · ✗ failed. Hover a metric in the tables below for what it means.
- ~ Revenue growth — 18.8% (pass ≥ 20%)
- ✓ Gross profits / assets — 0.56 (pass ≥ 0.33)
- · Rule of 40 — 51.2 (context — graded for software only)
- ✓ Gross margin — 80.4% (pass ≥ 72% · Cybersecurity)
- ✓ Cash generation
- ✓ Share dilution — -4.3%
- ~ Competitive moat — Narrow
- ✓ Market size (TAM) — Large
Grade history
- 2026-08-10 — Strong (from Insufficient)
- 2026-07-31 — Insufficient (from Strong)
- 2026-06-10 — Strong (first graded)
Every grade change since FrontierLab began tracking this name — the receipts behind the current grade.
How have Strong-graded names performed?
The forward returns of all Strong-graded names since each grade was recorded — the bucket this name currently sits in, not a forecast of this individual stock.
| Window | Forward record vs the S&P | Median |
|---|---|---|
| ~1 month | 59% of Strong-graded names beat the S&P over 21 sessions (95% CI 41–74%, N=29). | Median excess vs the S&P was +4.2%. |
| ~3 months | building — 13 more sessions needed | |
| ~6 months | building — 76 more sessions needed | |
Scope: these are forward returns vs the S&P among names still covered at each horizon's end, within the curated universe — not a survivorship-clean whole-market backtest. Names later dropped from coverage are counted as attrition (not hidden), and single-session moves beyond ±300% are treated as split/data artifacts and excluded. How this is measured → · Full track record →
How it compares
Coarse same-sector, same-stage context — not a percentile or rank. GP/A is graded on its absolute level, not position.
Fundamentals
| Market cap | $110.64B |
|---|---|
| Stage | Established |
| Share issuance (YoY) | -4.3% · buying back shares |
| Moat | Narrow |
| TAM | LARGE |
| P/E (trailing) | 53.1 |
| EPS (trailing) | $2.84 |
| Burn multiple | — |
| Gross-margin trend (pts) | -1.1 |
| Cash / assets | 0.37 |
| Accruals (%) | -11.9% |
| Net debt / EBITDA | -0.8 |
| Statements as of | Q2 FY2026 · filed 2026-07-30 |
Momentum context — describes the past, not a signal
Low reached Feb 24, 2026 · high reached Aug 4, 2026 — by daily close.
| Price | $150.79 (as of 2026-08-20) |
|---|---|
| Last session move | — |
| % off 52-wk high | -12.4% |
| RSI (14) | 42 |
| Relative volume | 1× |
Insider activity (90 days)
| Cluster buyers | 0 |
|---|---|
| Sellers | 3 |
Insider selling is routine diversification, not a bearish signal.
Analyst mix
| Strong buy | 6 |
|---|---|
| Buy | 11 |
| Hold | 29 |
| Sell | 5 |
| Strong sell | 1 |
Ratings are context, not a price target. "Momentum" = how the mix changed over recent weeks, not a forecast.
From the headlines
High growth leadership noted; presents at technology summit on AI.
- Fortinet (NASDAQ:FTNT) Displays High Growth Leadership and Momentum on CAN SLIM Screen
- Fortinet, Inc. (FTNT) Presents at Rosenblatt's 6th Annual Technology Summit: The Age of AI (Part II) Transcript
AI take — daily, AI-generated
AI leans positive
Best-in-class metrics (80.4% margins, 0.56 GP/A, shrinking dilution) with reasonable PEG of 4 and solid 18.8% growth make this the most balanced risk-reward in the group, though AI narrative is already well-known.
Generated by an AI model from the day's news — an opinion for context only. Not financial advice, not a recommendation, and not a price target.
Similar Cybersecurity names
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Data as of 2026-08-21 08:12 (end-of-day). How grades are computed →