FTNT

Fortinet, Inc.
NasdaqGSUSDEQUITY Technology DELAYED
Last price
191.35
▲ 7.22 (3.92%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
184.28
Prev close
184.13
Day high
192.41
Day low
186.50
Volume
4.24M
Market cap
$140.34B
P/E (TTM)
65.06
52W range
73.55 – 192.41

Day trading desk

Current session · delayed
Gap from prior close
+0.08%
Prior close 184.13
VWAP
190.17
+0.62% from price
Relative volume
1.61×
Unusually busy
Session range
4.49%
184.14 – 192.41
Position in range
87%
Near session high
ATR (14D)
6.14
3.21% of price
Prior day high
184.63
PDH
Prior day low
179.41
PDL
Bid / ask spread
—
Quote not published
Session volume
7.43M
Avg 4.62M

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

Price return · vs SPY
Returnvs SPY
1W
+8.70% +6.8%
1M
+22.38% +21.2%
3M
+22.05% +17.5%
6M
+128.46% +110.3%
YTD
+140.86% +126.6%
1Y
+122.95% +106.5%
3Y
+225.95% +143.7%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on FTNT 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

6m · Form 4 rollup
Net shares
+7.31M
Net buying
Buy transactions
23
7.86M shares
Sell transactions
14
542.66K shares
Net transactions
+37
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
127.39M
Total on file
Bought 7.86MSold 542.66K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 15, 26
WHITTLE JOHN
Chief Operating Officer
SELL 56.70K $9.39M Direct
Sep 15, 26
WHITTLE JOHN
Chief Operating Officer
CONVERSION 56.70K $3.52M Direct
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
WHITTLE JOHN
Chief Operating Officer
— 4.57K — Direct
Jul 31, 26
XIE MICHAEL
Chief Technology Officer
— 6.31K — Direct
Jul 31, 26
OHLGART CHRISTIANE MARGRIT
Chief Financial Officer
— 1.63K — 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 11, 26
HSIEH MING
Director
— 650 — Direct
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.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
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 Sale
XIE KENNETH QING
Chief Executive Officer 57.82M Sale
XIE MICHAEL
Chief Technology Officer 55.92M Sale

Fundamentals

TTM · reported
Market cap$140.34B
Enterprise value$136.83B
Revenue (TTM)$7.53B
Gross profit$6.04B
EBITDA$2.60B
Net income$2.12B
EPS (TTM)$2.94
Free cash flow$2.27B
Total cash$4.07B
Total debt$561.40M
Book value / share$2.11
Shares outstanding733.71M
Float618.91M
Short % of float2.26%
Dividend yield0.00%
Beta (5Y)1.04

Valuation & profitability ratios

Account required
Trailing P/E65.06
Forward P/E50.63
PEG ratio2.03
Price / sales—
Price / book90.48
EV / revenue18.18
EV / EBITDA52.71
Gross margin80.20%
Operating margin33.60%
Profit margin28.17%
Return on equity117.44%
Return on assets14.17%
Debt / equity36.19
Current ratio1.28
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
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 2.452.281.471.08 +7.5%
Diluted EPS 2.422.261.461.06 +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 758.00M764.40M778.60M791.40M -0.8%
Diluted shares 764.60M771.90M788.20M805.30M -0.9%

Options analytics

Account required
Put / call volume
0.21
Call-heavy session
Put / call open interest
0.63
Positioning, not flow
Max pain
177.50
-7.2% from spot
ATM implied vol
48.6%
Nearest strike to spot
Skew (10% OTM)
-1.6%
Calls bid over puts
Call volume
3.16K
Contracts, this expiry
Put volume
678
Contracts, this expiry
Heaviest call OI
187.50
821 contracts
Heaviest put OI
165.00
216 contracts

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.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.750.90 +20.5%
Mar 2026 0.620.82 +32.6%
Dec 2025 0.740.81 +8.9%
Sep 2025 0.630.74 +16.9%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.86 38 $2.06B +19.6%
Next quarter 0.88 38 $2.16B +13.4%
Current year 3.45 41 $8.12B +19.4%
Next year 3.78 42 $9.04B +11.4%

Analyst targets & ownership

Account required
Mean target$164.32
High target$220.00
Low target$104.00
Implied upside-14.13%
Analyst count36
ConsensusHOLD
Strong buy / Buy1 / 8
Hold30
Sell / Strong sell3 / 2
Held by insiders17.36%
Held by institutions71.42%
Institutions holding2.26K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
179.70
+6.48% from price
SMA 20
173.77
+10.07% from price
SMA 50
165.06
+15.88% from price
SMA 100
156.16
+22.54% from price
SMA 200
119.64
+59.87% from price
EMA 12
179.06
+6.86% from price
EMA 26
172.99
+10.61% from price
EMA 50
166.08
+15.22% from price
RSI (14)
72.2
Overbought
MACD (12,26,9)
6.07
Hist 1.16
ATR (14)
6.14
3.21% of price
Realised vol 30D
49.0%
Annualised
Bollinger upper
190.64
20, 2σ
Bollinger lower
156.90
20, 2σ
50 / 200 cross
Golden
165.06 vs 119.64
Trend bias
Above 200
+59.87%

Options chain

Account required
Expiry
Spot 191.35
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.93
Less volatile than market
Correlation to SPY
0.28
Largely independent
Realised vol 30D
49.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-14.3%
Peak to trough
Max drawdown 5Y
-38.3%
Peak to trough
ATR 14
6.14
3.21% of price
Beta (reported)
1.04
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
13.72M
Prior 14.20M
Change vs prior
-3.4%
Shorts covering
% of float
2.26%
Normal
% of shares out
1.87%
Against total outstanding
Days to cover
3.2
Liquid
Float
618.91M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

657 on file
DateFirm ActionFromTo
Sep 17, 26 Bernstein MAINTAINED Market Perform Market Perform
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

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split5:1
Split dateJun 23, 2022

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.