Fortinet began 2026 with solid financial results. The firm's sales grew 20% to $1.85 billion, and its adjusted operating margins expanded 160 basis points to 36%. The firm's newer offerings, secure access service edge, or SASE, and security operations, or SecOps, contributed 34% to total billings.
Fortinet has strong secular tailwinds as endpoint security, cloud security, and the convergence of networking and security are projected to grow rapidly.
Large public cloud vendors often offer their own cybersecurity solutions, which could hamper Fortinet’s growth opportunities.
|
Metric
|
FTNT
|
CRWD
|
PANW
|
|---|---|---|---|
Price/Earnings (Normalized) | 47.58 | 160.29 | 70.83 |
Price/Book Value | 106.08 | 36.19 | 7.83 |
Price/Sales | 15.21 | 32.71 | 18.49 |
Price/Cash Flow | 40.68 | 90.29 | 54.95 |
|
Metric
|
FTNT
|
CRWD
|
PANW
|
|---|---|---|---|
Quick Ratio | 1.03 | 1.33 | 0.73 |
Current Ratio | 1.15 | 1.53 | 0.86 |
Interest Coverage | 117.94 | −5.86 | — |
|
Metric
|
FTNT
|
CRWD
|
PANW
|
|---|---|---|---|
Return on Assets (Normalized) | 22.30% | 10.48% | 9.80% |
Return on Equity (Normalized) | 161.79% | 26.01% | 22.63% |
Return on Invested Capital (Normalized) | 93.95% | 18.88% | 19.49% |
|
1-Day Chart
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Name
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Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
|
Market Cap
|
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United States