FTNT Fortinet, Inc.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 18-month channel rising
Price is between the lines.
- 18-month channel
- US$81.37 – US$189.93 · rising, +46% a year
- Price in channel
- 50% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$189.93
- Turns bearish below
- US$81.37
- Published levels
- Buy and target are not from this channel — see below.
What broke this trend
- The fall
- -30% from US$194.689 Oct 2026 → 30 Oct 2026
- Whose problem it was
- This company4 of 16 Software - Infrastructure peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 0%of what it lost
- What the record says
- 95% of 39 comparable falls came back, typically in 80 days measured on its own peer group
Fell -30% (9 Oct 2026 → 30 Oct 2026); regained 0% so far; company-specific.
Reported at the time: Amerx Initiates Coverage On Fortinet with Overweight Rating, Announces Price Target of $240 — 8 Oct 2026
Price history, with the path projected 3 months forward
Updated 5:31 AM ET (30 h ago)
- Daily close
- Upper trend line (18 months)
- Lower trend line (18 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy now
US$136.02
last close · 30 Oct 2026
Our target
US$199.40
by 28 Jan 2027
Projected move
46.6%
gross, before costs
Last close is our buy.
Target: the projected upper line.
This move size: reached in 26% of 22 past stretches, typically in 90 days. (0.28% per day)
- Upper line touches
- 4
- Lower line touches
- 4
- Fit confidence
- 59%
- Fitted
- 1 Nov 2026
Company information
About Fortinet, Inc.
Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie
- Employees
- 15,472
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$118.75B
- Enterprise value
- —
- Beta
- 1.06
- Avg volume
- 5.86M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 73.55-173.89
- Exchange
- NASDAQ
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.