FTNT Fortinet, Inc.
Fortinet, Inc. (FTNT) trend channel, buy level and 3-month target on Trade The Path. Sector: Technology. Listed on NASDAQ. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
In the sell zone, rising on both timeframes
Price has run up to the upper trend line — the level it has repeatedly stalled at.
The next few months are read from the last 18 months, the stretch whose swings the lines actually follow, because the last 12 months alone do not contain enough turns to fit reliably (46% against 56%). The last 12 months stay as context: rising, more than +100% a year. The nearest ceiling overhead is US$176.13, from the last 12 months. What would overturn this: a close below US$80.14 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 18 months read from
- US$80.14 – US$180.45 Rising channel, +17% a year
- 12 months
- US$82.48 – US$176.13 Rising channel, more than +100% a year
- Position in that channel
- 91% 0% at the floor, 100% at the ceiling
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (18 months)
- Lower trend line (18 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has already run past what this setup aims at, so there is nothing left of the move to buy. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$80.16
level as at 17 Sept 2026
Our target
US$199.62
by 16 Dec 2026
Projected move
149.0%
gross, before costs
Price sits between our buy level and our target.
- Upper line touches
- 4
- Lower line touches
- 4
- Fit confidence
- 56%
- Fitted
- 16 Sept 2026
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 pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- 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 statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.