Fortinet, Inc.
FTNTTechnologyNASDAQSoftware - Infrastructure · Last scanned May 28, 2026
Scan Results
Daily timeframe1 of 4 indicators bearish as of May 27
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. With a market capitalization of $93.73B, it sits in large-cap territory. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains.
Market Cap
$93.73B
Beta
0.92
P/E (TTM)
49.59
P/E (Fwd)
37.35
EPS (TTM)
$2.58
EPS (Fwd)
$3.43
ROE
132.4%
ROA
13.6%
Cash
$3.29B
Total Debt
$567.2M
Free CF
$1.81B
52W Change
25.4%
Annual Financials
Cash vs Debt
With $3.29B in cash and $567.2M in debt, FTNT maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $1.81B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 132.4%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 13.6% further supports the picture of efficient asset utilization. Revenue has grown from $4.42B (2022) to $6.80B (2025), reflecting a 54% increase over the period.
With cash comfortably exceeding debt, FTNT has financial flexibility that may help navigate uncertain periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing FTNT.