Fortinet, Inc. (FTNT) fair value analysis

S&P 500 & Nasdaq · Updated 2026-09-07

Fortinet, Inc. develops and provides cybersecurity solutions including firewalls, intrusion prevention systems, and secure access software designed to protect networks and data. The company serves customers across North America, Europe, the Asia-Pacific region, and other markets worldwide.

Forward Fair Value verdict

Fairly valued

Based on TickrTrends' weekly Forward Fair Value model, FTNT is trading at within about 10% of estimated fair value.

FTNT currently ranks #140 of 199 Technology stocks by discount to Forward Fair Value. It has screened as Fairly valued for 2 consecutive weekly runs.

Last price: $156.29
Sector: Technology
12-month range: $77.88–$163.21

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: A
Leverage: Low
Margin trend: Expanding
Revenue growth: Strong
RSI zone: Neutral
50/200-day trend: Mixed
52-week position: The top quarter of its range
DCF cross-check: Overvalued

What our data shows for FTNT

Our model validated 17 trailing price-to-earnings windows for FTNT, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $77.88–$163.21.
The 14-day relative strength index sits at a neutral 44.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for FTNT
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent FTNT news

TickrTrends' derived news-sentiment signal for FTNT is currently leaning positive, computed from recent coverage.

Fortinet's Next Test Is Sustained Growth (NASDAQ:FTNT) (seekingalpha.com, 2026-09-09)
TickrTrends take: Fortinet operates in the Technology sector and is currently assessed as fairly valued according to TickrTrends metrics. For valuation-focused investors, the key consideration is whether the company can demonstrate sustained revenue and earnings growth that justifies its current price level, or whether growth momentum may slow and warrant a downward repricing. Given the fair valuation designation, investors monitoring this stock should track quarterly results to determine if the company is expanding faster or slower than the market has already priced in.

What people are saying

Follow the FTNT conversation: Stocktwits · Reddit · X

TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — FTNT experienced several shifts in its technical indicators this week. The 50/200-day trend state declined from an uptrend to mixed conditions, while momentum fell from a C rating to none, suggesting reduced directional conviction. On a relative basis, the stock's sector discount rank improved from number 152 to number 140, and the valuation verdict improved from overvalued to fairly valued, indicating a more attractive risk-reward positioning within the Technology sector.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is FTNT stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), FTNT is trading at within about 10% of estimated fair value and screens as fairly valued. The exact fair value and discount are available to subscribers.

What is FTNT's TickrTrends verdict?

FTNT's current verdict is Fairly valued, refreshed with every weekly Forward Fair Value run.

How does FTNT compare to other Technology stocks?

FTNT ranks #140 of 199 Technology stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is FTNT overbought or oversold?

FTNT's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Technology fair-value coverage →

Head-to-head comparisons

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