FO8.F
Fortinet, Inc.
FrankfurtEUREQUITY
Technology
DELAYED
Last price
128.62
▼ 1.44 (1.11%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
128.62
Prev close
130.06
Day high
128.62
Day low
128.62
Volume
2
Market cap
$94.37B
P/E (TTM)
53.15
52W range
62.91 – 148.18
Day trading desk
Gap from prior close
-1.11%
Prior close 130.06
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
128.62 – 128.62
Position in range
—
—
ATR (14D)
3.53
2.74% of price
Prior day high
130.94
PDH
Prior day low
126.86
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 328
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-10.27%
-8.9%
1M
-5.63%
-9.4%
3M
+12.18%
+9.1%
6M
+101.28%
+90.2%
YTD
+88.21%
+75.9%
1Y
+87.68%
+67.7%
3Y
+129.68%
+55.5%
5Y
+144.15%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on FO8.F open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
127.38M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 4, 26 | OHLGART CHRISTIANE MARGRIT Chief Financial Officer |
SELL | 387 | $63.70K | Direct |
| Aug 3, 26 | XIE KENNETH QING Chief Executive Officer |
SELL | 161.48K | $26.27M | Direct |
| Aug 3, 26 | XIE KENNETH QING Chief Executive Officer |
CONVERSION | 168.09K | $3.55M | Direct |
| Aug 3, 26 | XIE MICHAEL Chief Technology Officer |
SELL | 3.12K | $507.57K | Direct |
| Jul 31, 26 | OHLGART CHRISTIANE MARGRIT Chief Financial Officer |
— | 1.63K | — | Direct |
| Jul 31, 26 | XIE MICHAEL Chief Technology Officer |
— | 6.31K | — | Direct |
| Jul 31, 26 | WHITTLE JOHN Chief Operating Officer |
— | 4.57K | — | Direct |
| Jun 11, 26 | HSIEH MING Director |
— | 650 | — | Direct |
| Jun 11, 26 | NAPOLITANO JANET ANN Director |
— | 650 | — | Direct |
| Jun 11, 26 | SIM JUDITH KOON LIEN Director |
— | 650 | — | Direct |
| Jun 11, 26 | STAVRIDIS JAMES G Director |
— | 650 | — | Direct |
| Jun 11, 26 | GOLDMAN KENNETH ALLEN Director |
— | 650 | — | Direct |
| Jun 11, 26 | HU JEAN X Director |
— | 650 | — | Direct |
| Jun 4, 26 | XIE MICHAEL Chief Technology Officer |
STOCK | 5.25K | $0 |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
GOLDMAN KENNETH ALLEN |
Director | 43.72K | Conversion of Exercise of derivative security |
HSIEH MING |
Director | 62.87K | Conversion of Exercise of derivative security |
HU JEAN X |
Director | 39.05K | Conversion of Exercise of derivative security |
NEUKOM WILLIAM H |
Director | 302.60K | Conversion of Exercise of derivative security |
OHLGART CHRISTIANE MARGRIT |
Chief Financial Officer | 10.39K | Sale |
SIM JUDITH KOON LIEN |
Director | 129.54K | Conversion of Exercise of derivative security |
STAVRIDIS JAMES G |
Director | 17.19K | Conversion of Exercise of derivative security |
WHITTLE JOHN |
Chief Operating Officer | 96.99K | Conversion of Exercise of derivative security |
XIE KENNETH QING |
Chief Executive Officer | 57.82M | Conversion of Exercise of derivative security |
XIE MICHAEL |
Chief Technology Officer | 55.92M | Sale |
Fundamentals
Market cap$94.37B
Enterprise value$90.86B
Revenue (TTM)$7.53B
Gross profit$6.04B
EBITDA$2.60B
Net income$2.12B
EPS (TTM)$2.42
Free cash flow$2.27B
Total cash$4.07B
Total debt$561.40M
Book value / share$1.81
Shares outstanding733.71M
Float618.90M
Short % of float—
Dividend yield—
Beta (5Y)1.06
Valuation & profitability ratios
Trailing P/E53.15
Forward P/E28.71
PEG ratio2.06
Price / sales—
Price / book71.11
EV / revenue12.07
EV / EBITDA35.00
Gross margin80.20%
Operating margin33.60%
Profit margin28.17%
Return on equity117.44%
Return on assets14.17%
Debt / equity36.19
Current ratio1.28
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $6.80B | $5.96B | $5.30B | $4.42B | +14.2% |
| Operating revenue | $6.80B | $5.96B | $5.30B | $4.42B | +14.2% |
| Cost of revenue | $1.33B | $1.16B | $1.24B | $1.08B | +14.8% |
| Gross profit | $5.47B | $4.80B | $4.07B | $3.33B | +14.0% |
| Research & development | $815.50M | $716.80M | $613.80M | $512.40M | +13.8% |
| Selling, general & admin | $2.58B | $2.28B | $2.22B | $1.86B | +13.1% |
| Total operating expense | $3.39B | $2.99B | $2.83B | $2.36B | +13.1% |
| Operating income | $2.08B | $1.80B | $1.24B | $969.60M | +15.6% |
| Net interest income | $142.20M | $135.20M | $98.70M | -$600.00K | +5.2% |
| Pre-tax income | $2.28B | $2.06B | $1.33B | $955.50M | +10.9% |
| Tax provision | $439.10M | $283.90M | $143.80M | $30.80M | +54.7% |
| Net income | $1.85B | $1.75B | $1.15B | $857.30M | +6.2% |
| Net income to common | $1.85B | $1.75B | $1.15B | $856.60M | +6.2% |
| Basic EPS | 2.45 | 2.28 | 1.47 | 1.08 | +7.5% |
| Diluted EPS | 2.42 | 2.26 | 1.46 | 1.06 | +7.1% |
| EBIT | $2.30B | $2.08B | $1.35B | $973.50M | +10.8% |
| EBITDA | $2.45B | $2.20B | $1.47B | $1.08B | +11.5% |
| Basic shares | 758.00M | 764.40M | 778.60M | 791.40M | -0.8% |
| Diluted shares | 764.60M | 771.90M | 788.20M | 805.30M | -0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $2.50B | $2.88B | $1.40B | $1.68B | -13.2% |
| Cash & short-term investments | $3.58B | $4.07B | $2.44B | $2.21B | -11.9% |
| Accounts receivable | $1.69B | $1.46B | $1.40B | $1.26B | +15.6% |
| Inventory | $399.50M | $315.50M | $484.80M | $264.60M | +26.6% |
| Total current assets | $5.90B | $5.97B | $4.43B | $3.81B | -1.2% |
| Property, plant & equipment | $1.62B | $1.35B | $1.04B | $898.50M | +20.0% |
| Goodwill & intangibles | $354.70M | $350.40M | $161.80M | $184.00M | +1.2% |
| Total assets | $10.39B | $9.76B | $7.26B | $6.23B | +6.4% |
| Total current liabilities | $5.03B | $4.06B | $3.72B | $3.08B | +24.0% |
| Current debt | $499.70M | — | — | — | — |
| Long-term debt | $496.60M | $994.30M | $992.30M | $990.40M | -50.1% |
| Total debt | $996.30M | $994.30M | $992.30M | $990.40M | +0.2% |
| Total liabilities | $9.15B | $8.27B | $7.72B | $6.51B | +10.7% |
| Retained earnings | -$507.90M | -$117.10M | -$1.86B | -$1.55B | -333.7% |
| Shareholder equity | $1.24B | $1.49B | -$463.40M | -$281.60M | -17.2% |
| Working capital | $866.20M | $1.91B | $709.30M | $732.00M | -54.7% |
| Net tangible assets | $882.80M | $1.14B | -$625.20M | -$465.60M | -22.8% |
| Shares issued | 743.00M | 767.00M | 761.00M | 781.50M | -3.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $1.85B | $1.75B | $1.15B | $856.60M | +6.2% |
| Depreciation & amortisation | $152.00M | $122.80M | $113.40M | $104.30M | +23.8% |
| Stock-based compensation | $279.50M | $257.90M | $249.00M | $217.30M | +8.4% |
| Change in working capital | $55.80M | -$20.60M | $126.10M | $233.00M | +370.9% |
| Operating cash flow | $2.59B | $2.26B | $1.94B | $1.73B | +14.7% |
| Capital expenditure | -$364.80M | -$378.90M | -$204.10M | -$281.20M | +3.7% |
| Investing cash flow | -$599.10M | -$727.40M | -$649.30M | $763.90M | +17.6% |
| Share buybacks | -$2.29B | -$600.00K | -$1.50B | -$1.99B | -381,533.3% |
| Financing cash flow | -$2.37B | -$50.10M | -$1.57B | -$2.13B | -4,633.5% |
| Free cash flow | $2.23B | $1.88B | $1.73B | $1.45B | +18.4% |
| End cash position | $2.50B | $2.88B | $1.40B | $1.68B | -13.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $2.05B | $1.85B | $1.91B | $1.72B | $1.63B | — | +10.7% |
| Operating revenue | $2.05B | $1.85B | $1.91B | $1.72B | $1.63B | — | +10.7% |
| Cost of revenue | $404.70M | $364.50M | $389.20M | $331.70M | $314.90M | — | +11.0% |
| Gross profit | $1.64B | $1.49B | $1.52B | $1.39B | $1.32B | — | +10.6% |
| Research & development | $225.00M | $214.00M | $205.00M | $202.40M | $209.50M | — | +5.1% |
| Selling, general & admin | $730.20M | $692.50M | $686.60M | $644.90M | $648.90M | — | +5.4% |
| Total operating expense | $953.90M | $905.10M | $890.20M | $845.90M | $857.10M | — | +5.4% |
| Operating income | $689.30M | $580.00M | $625.60M | $547.30M | $458.00M | — | +18.8% |
| Net interest income | $30.00M | $28.70M | $27.90M | $34.50M | $40.40M | — | +4.5% |
| Pre-tax income | $720.20M | $656.60M | $650.80M | $594.80M | $517.30M | — | +9.7% |
| Tax provision | $115.00M | $122.00M | $144.80M | $120.70M | $77.10M | — | -5.7% |
| Net income | $606.30M | $534.50M | $506.00M | $473.90M | $440.10M | — | +13.4% |
| Net income to common | $606.30M | $534.50M | $506.00M | $473.90M | $440.10M | — | +13.4% |
| Basic EPS | 0.83 | 0.72 | 0.68 | — | 0.57 | 0.56 | +15.3% |
| Diluted EPS | 0.82 | 0.72 | 0.68 | — | 0.57 | 0.56 | +13.9% |
| EBIT | $723.40M | $660.80M | $655.20M | $601.00M | $521.90M | — | +9.5% |
| EBITDA | $764.80M | $700.60M | $694.70M | $639.40M | $560.20M | — | +9.2% |
| Basic shares | 733.10M | 738.80M | 743.10M | — | 765.50M | 768.30M | -0.8% |
| Diluted shares | 739.90M | 742.80M | 748.00M | — | 772.70M | 776.80M | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.93B | $2.22B | $2.50B | $2.00B | $3.37B | — | +32.0% |
| Cash & short-term investments | $4.07B | $3.29B | $3.58B | $3.12B | $4.56B | — | +23.5% |
| Accounts receivable | $1.46B | $1.49B | $1.69B | $1.17B | $1.22B | — | -2.1% |
| Inventory | $426.30M | $369.60M | $399.50M | $426.60M | $405.20M | — | +15.3% |
| Total current assets | $6.21B | $5.33B | $5.90B | $4.91B | $6.35B | — | +16.4% |
| Property, plant & equipment | $1.70B | $1.69B | $1.62B | $1.61B | $1.54B | — | +0.5% |
| Goodwill & intangibles | $334.50M | $344.40M | $354.70M | $368.50M | $382.20M | — | -2.9% |
| Total assets | $10.86B | $9.88B | $10.39B | $9.36B | $10.64B | — | +9.9% |
| Total current liabilities | $4.84B | $4.62B | $5.03B | $4.79B | $4.78B | — | +4.7% |
| Current debt | — | — | $499.70M | $499.40M | $499.00M | $498.70M | — |
| Long-term debt | $496.90M | $496.80M | $496.60M | $496.50M | $496.30M | — | +0.0% |
| Total debt | $496.90M | $496.80M | $996.30M | $995.90M | $995.30M | — | +0.0% |
| Total liabilities | $9.31B | $8.89B | $9.15B | $8.63B | $8.58B | — | +4.7% |
| Retained earnings | -$316.70M | -$782.00M | -$507.90M | -$958.50M | $364.40M | — | +59.5% |
| Shareholder equity | $1.55B | $989.70M | $1.24B | $735.10M | $2.06B | — | +56.7% |
| Working capital | $1.37B | $709.10M | $866.20M | $127.40M | $1.57B | — | +92.9% |
| Net tangible assets | $1.22B | $645.30M | $882.80M | $366.60M | $1.68B | — | +88.5% |
| Shares issued | 732.65M | 734.00M | 743.00M | 742.90M | 765.42M | — | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $606.30M | $534.50M | $506.00M | $473.90M | $440.10M | +13.4% |
| Depreciation & amortisation | $41.40M | $39.80M | $39.50M | $38.40M | $38.30M | +4.0% |
| Stock-based compensation | $79.30M | $72.50M | $72.50M | $71.80M | $69.10M | +9.4% |
| Change in working capital | $227.20M | $385.80M | -$82.10M | $1.30M | -$159.20M | -41.1% |
| Operating cash flow | $1.04B | $1.08B | $620.20M | $655.20M | $451.90M | -3.1% |
| Capital expenditure | -$78.00M | -$70.60M | -$42.80M | -$87.70M | -$167.80M | -10.5% |
| Investing cash flow | -$184.60M | -$5.70M | -$46.30M | -$175.80M | -$266.20M | -3,138.6% |
| Share buybacks | -$149.80M | -$823.00M | -$57.20M | -$1.83B | -$401.10M | +81.8% |
| Financing cash flow | -$147.90M | -$1.34B | -$72.70M | -$1.85B | -$414.20M | +89.0% |
| Free cash flow | $965.60M | $1.01B | $577.40M | $567.50M | $284.10M | -4.1% |
| End cash position | $2.93B | $2.22B | $2.50B | $2.00B | $3.37B | +32.0% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $2.06B | +19.6% |
| Next quarter | — | — | $2.16B | +13.4% |
| Current year | — | — | $8.12B | +19.4% |
| Next year | — | — | $9.01B | +11.0% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders17.36%
Held by institutions71.68%
Institutions holding2.25K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
136.19
-5.56% from price
SMA 20
137.94
-6.76% from price
SMA 50
136.44
-5.73% from price
SMA 100
115.22
+11.63% from price
SMA 200
92.27
+39.40% from price
EMA 12
135.37
-4.98% from price
EMA 26
136.55
-5.81% from price
EMA 50
132.35
-2.82% from price
RSI (14)
40.0
Neutral
MACD (12,26,9)
-1.18
Hist -1.70
ATR (14)
3.53
2.74% of price
Realised vol 30D
53.8%
Annualised
Bollinger upper
148.14
20, 2σ
Bollinger lower
127.74
20, 2σ
50 / 200 cross
Golden
136.44 vs 92.27
Trend bias
Above 200
+39.40%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.36
Less volatile than market
Correlation to SPY
0.11
Largely independent
Realised vol 30D
53.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-15.6%
Peak to trough
Max drawdown 5Y
-41.9%
Peak to trough
ATR 14
3.53
2.74% of price
Beta (reported)
1.06
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 31, 26 | Susquehanna | MAINTAINED | Neutral | Neutral |
| Jul 30, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Jul 30, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 30, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jul 30, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 30, 26 | Stifel | MAINTAINED | Hold | Hold |
| Jul 30, 26 | Wells Fargo | MAINTAINED | Underweight | Underweight |
| Jul 30, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Jul 30, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Jul 30, 26 | Rosenblatt | MAINTAINED | Buy | Buy |
| Jul 30, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 30, 26 | BTIG | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate—
Forward yield—
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split5:1
Split dateJun 23, 2022
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.