FTNT Stock Summary and Trading Ideas (Fortinet | NASDAQ:FTNT)

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.

Fortinet trades on the NASDAQ stock market under the symbol FTNT.

As of April 15, 2026, FTNT stock price declined to $77.95 with 983,759 million shares trading.

FTNT has a beta of 1.01, meaning it tends to be more sensitive to market movements. FTNT has a correlation of 0.11 to the broad based SPY ETF.

FTNT has a market cap of $57.97 billion. This is considered a Large Cap stock.

Last quarter Fortinet reported $2 billion in Revenue and $.81 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.10.

In the last 3 years, FTNT traded as high as $114.82 and as low as $44.12.

The top ETF exchange traded funds that FTNT belongs to (by Net Assets): VTI, VOO, QQQ, CIBR, IVV.

FTNT has underperformed the market in the last year with a price return of -19.5% while the SPY ETF gained +30.6%. However, in the short term, FTNT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +2.0% vs +1.2% return in SPY. But in the last 2 weeks, FTNT shares have been beat by the market, returning -4.6% compared to an SPY return of +7.1%.

FTNT support price is $76.68 and resistance is $80.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTNT shares will trade within this expected range on the day.