OakChart

Fortinet Inc

FTNTTechnology·Software - Infrastructure·USA·Large·NASD·Nov 11 • 3:59 PM ET

128.10+4.53 (3.67%)
2026-11-12 01:35 CET
Market cap
90,788.11 USD m
Revenue, TTM
7,880.90 USD m
Net income, TTM
2,282.30 USD m
Free cash flow, TTM
3,431.30 USD m
EPS diluted, TTM
3.07
P/E
41.71
Compare

Price

FTNT against its 20, 50 and 200-day averages
2050200beat
100.00150.00200.009.2M18.4MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26FTNTclose 128.1020-day 151.8650-day 165.56200-day 130.25128.1052w high

35.0% under the 52-week high of 197.13 on 13 Oct 2026. 52-week low 73.55 on 20 Jan 2026. Last 15 sessions, 57.1% high to low

Volume 1.07× normal · the line is the 50-bar volume average

Profile

FTNT
52-week range, 44% of the way up
73.55197.13

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers, government organizations, and small to medium-sized businesses. Its product portfolio includes network security, secure access service edge, enterprise networking, security operations, application security, and operational technology. The company was founded by Ken Xie and Michael Xie in November 2000 and is headquartered in Sunnyvale, CA.

IndexNDX, S&P 500, RUI
Employees15109
IPONov 18, 2009
Beta1.05
ATR, 14d8.20
Rel volume1.07
Short float1.97%
Insider own17.20%
Inst own72.28%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap94.12B
Enterprise Value89.81B
Income2.28B
Sales7.88B
Book/sh3.06
Cash/sh6.53
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees15109
IPONov 18, 2009

Ratios

P/E41.71
Forward P/E32.93
PEG1.97
P/S11.94
P/B41.88
P/C19.61
P/FCF27.43
EV/EBITDA32.61
EV/Sales11.40
Quick Ratio1.28
Current Ratio1.40
Debt/Eq0.22
LT Debt/Eq0.22
Option/ShortYes / Yes

Earnings

EPS (ttm)3.07
EPS next Y3.89
EPS next Q0.94
EPS this Y29.10%
EPS next Y9.17%
EPS next 5Y16.71%
EPS past 3/5Y31.56% 32.99%
Sales past 3/5Y15.46% 21.25%
EPS Y/Y TTM26.26%
Sales Y/Y TTM20.23%
EPS Q/Q37.46%
Sales Q/Q20.49%
EarningsOct 28 AMC
EPS/Sales Surpr.5.81% 0.71%

Ownership

Insider Own17.20%
Insider Trans-0.55%
Inst Own72.28%
Inst Trans0.08%
ROA21.43%
ROE153.08%
ROIC83.18%
Gross Margin79.75%
Oper. Margin32.91%
Profit Margin28.96%
SMA20-15.65%
SMA50-22.63%
SMA200-1.65%
Trades-

Technical

Shs Outstand734.60M
Shs Float608.34M
Short Float1.97%
Short Ratio2.53
Short Interest11.97M
52W High197.13 -35.02%
52W Low73.55 74.17%
Volatility4.77% 4.80%
ATR (14)8.20
RSI (14)32.57
Beta1.05
Rel Volume1.07
Avg Volume4.74M
Volume5,089,071

Performance

Perf Week-1.00%
Perf Month-32.85%
Perf Quarter-22.57%
Perf Half Y8.85%
Perf YTD61.31%
Perf Year53.12%
Perf 3Y152.07%
Perf 5Y90.13%
Perf 10Y1910.36%
Recom2.91
Target Price146.81
Prev Close123.57
Price128.10
Change %3.67%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Nov 04, 2026UpgradeDDaiwa SecuritiesNeutral → Outperform$150+17.1%
Oct 29, 2026DowngradeBBofA SecuritiesBuy → Neutral$140+9.3%
Oct 21, 2026DowngradeAAreteBuy → Sell$117-8.7%
Sep 11, 2026DowngradeWWedbushOutperform → Neutral$155+21.0%
Jul 30, 2026ReiteratedBBMO Capital MarketsMarket Perform$170 → $185+44.4%
Jul 21, 2026UpgradeMMorgan StanleyUnderweight → Equal-Weight$133+3.8%
Jun 30, 2026DowngradeHHSBC SecuritiesHold → Reduce$102-20.4%
May 19, 2026DowngradeDDZ BankBuy → Hold$125-2.4%
May 07, 2026UpgradeBBTIG ResearchNeutral → Buy$125-2.4%
May 07, 2026ReiteratedBBMO Capital MarketsMarket Perform$100 → $117-8.7%

Peers

Mkt cap
TickerCompanyMkt cap
PANWPalo Alto Networks Inc273.85B
CHKPCheck Point Software Technologies Ltd14.97B
ZSZscaler Inc31.60B
CRWDCrowdstrike Holdings Inc234.54B
NETCloudflare Inc112.11B
CSCOCisco Systems Inc396.69B
NTSKNetskope Inc9.14B
OKTAOkta Inc31.86B
HPEHewlett Packard Enterprise Co66.71B
SSentinelOne Inc8.28B

Insider trading

latest 14 of 90
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Whittle JohnChief Operating OfficerNov 01 '26Option Exercise0.004,5720101,559Nov 03 04:41 PM
Xie KenPresident & CEONov 02 '26Option Exercise22.90155,0003,548,88053,133,855Nov 03 04:40 PM
Xie KenPresident & CEONov 01 '26Option Exercise0.0013,094052,985,466Nov 03 04:40 PM
Xie KenPresident & CEONov 02 '26Sale129.31161,48320,880,68452,972,372Nov 03 04:40 PM
Xie MichaelVP, Engineering & CTONov 01 '26Option Exercise0.006,30509,924,665Nov 03 04:37 PM
Xie MichaelVP, Engineering & CTONov 02 '26Sale129.493,121404,1259,918,360Nov 03 04:37 PM
Ohlgart ChristianeChief Financial OfficerNov 01 '26Option Exercise0.001,636011,981Nov 03 04:34 PM
KEN XIEDirectorNov 02 '26Proposed Sale136.08161,48321,974,607Nov 02 04:40 PM
MICHAEL XIEDirectorNov 02 '26Proposed Sale136.083,121424,706Nov 02 04:29 PM
STAVRIDIS JAMES G.DirectorSep 30 '26Option Exercise0.00459017,648Oct 01 07:59 PM
GOLDMAN KENNETH ADirectorSep 30 '26Option Exercise0.00459023,928Oct 01 07:57 PM
Hu Jean X.DirectorSep 30 '26Option Exercise0.00459039,508Oct 01 07:56 PM
Kan Derek T.DirectorSep 30 '26Option Exercise0.004590459Oct 01 07:55 PM
Napolitano JanetDirectorSep 30 '26Option Exercise0.0045904,733Oct 01 07:53 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
QQQInvesco QQQ Trust Series 1AUM: 463.98B
VUGVanguard Morningstar Growth ETFAUM: 217.67B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
CIBRFirst Trust NASDAQ Cybersecurity ETFAUM: 16.34B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VGTVanguard Information Technology ETFAUM: 138.05B
XLKState Street Technology Select Sector SPDR ETFAUM: 112.79B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-280.9100.8600.8602,0782,06441
2026Q22026-07-290.9000.7460.8192,0481,88839
2026Q12026-05-060.8200.6190.7201,8501,73339
2025Q42026-02-050.8100.7430.6771,9051,86038
2025Q32025-11-050.7400.6310.6231,7251,70437
2025Q22025-08-060.6400.5900.5701,6301,62539
2025Q12025-05-070.5800.5310.5581,5401,53837
2024Q42025-02-060.7400.6060.6791,6601,59336
2024Q32024-11-070.6300.5180.6991,5081,48036
2024Q22024-08-060.5700.4090.4931,4341,40536
2024Q12024-05-020.4300.3840.3881,3531,33835
2023Q42024-02-060.5100.4320.4031,4151,40935
2023Q32023-11-020.4100.3640.4081,3351,34833
2023Q22023-08-030.3800.3430.3351,2931,30433
2023Q12023-05-040.3400.2870.3121,2621,20133
2022Q42023-02-070.4400.3910.3961,2831,29533

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY0.4940.4820.3792,1562,145
2020FY0.6700.6510.5832,5942,567
2021FY0.7980.7810.7263,3423,340
2022FY1.1901.1491.0654,4174,428
2023FY1.6301.5581.4565,3055,302
2024FY2.3702.2452.2615,9565,891
2025FY2.7602.6942.4206,8006,754
2026FY-3.563--8,174
2027FY-3.890--9,104
2028FY-4.387--10,109
2029FY-3.900--11,318
2030FY-3.811--12,204

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-06383312,2002,1472,249
2026Q4S2026-10-30383312,2002,1472,249
2026Q4S2026-10-29383212,1992,1472,249
2026Q4S2026-10-2838102,1622,1162,302
2026Q4S2026-10-2338102,1622,1162,302
2026Q4S2026-10-1938102,1622,1162,302
2026Q4S2026-10-1638102,1622,1162,302
2026Q4S2026-10-1538102,1622,1162,302
2026Q4S2026-10-1438102,1622,1162,302
2026Q4S2026-10-1338102,1622,1162,302
2026Q4S2026-10-11383002,1622,1162,302
2026Q4S2026-10-05383102,1622,1162,302
2026Q4S2026-10-02383102,1622,1162,302
2026Q4S2026-09-29383102,1622,1162,302

Estimate history

EPS, annual0.0350.3810.3790.5830.7261.0651.4562.2612.4243.0713
Period201720182019202020212022202320242025TTM
EPS, quarterly0.6990.6790.5580.570.6230.6770.720.8190.856
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1494.931801.221632594.43342.24417.45304.85955.86799.67880.9
Period201720182019202020212022202320242025TTM
Sales, quarterly1508.11660.11539.716301724.919051849.62047.92078.4
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual839.45849858.5812.5810781.5761767743734.6
Period201720182019202020212022202320242025MRQ
Shares, quarterly765.7767769.2765.6742.9743734733.6734.6
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue7,880.906,799.605,955.805,304.804,417.403,342.202,594.402,163.001,801.20
Cost of Goods Sold Incl. D&A1,595.901,328.901,257.301,256.101,108.20801.50574.10509.20453.10
Gross Profit6,285.005,470.704,698.504,048.703,309.202,540.702,020.301,653.801,348.10
Selling, General and Administrative Excl. Other3,691.303,396.402,899.702,812.202,344.201,894.901,528.701,302.801,117.10
Research and Development857.40815.50716.80613.80512.40424.20341.40277.10244.50
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,593.702,074.301,798.801,236.50965.00645.80491.60351.00231.00
Interest Expense14.8020.1020.0021.0018.0014.900.000.000.00
Unusual Expense-55.80-10.80-26.400.000.00-0.000.000.00
Net Income Before Taxes2,782.602,282.202,058.501,333.70955.50628.40541.70386.00250.90
Income Taxes501.30439.10283.90143.8030.8014.1053.2054.30-81.30
Consolidated Net Income2,282.301,853.401,745.201,147.80856.60606.70488.50331.70332.20
Net Income From Continuing Operations2,282.301,853.401,745.201,147.80857.30606.80488.50331.70332.20
Net Income2,282.301,853.401,745.201,147.80857.30606.80488.50331.70332.20
EPS (Recurring)3.022.412.241.461.060.730.580.380.38
EPS (Basic, Before Extraordinaries)3.102.452.281.471.080.740.590.390.39
EPS (Diluted)3.072.422.261.461.060.730.580.380.38
EBITDA2,753.802,226.301,921.601,349.901,069.30730.20560.40412.60286.70
Non-Operating Income (Expense)147.90217.20253.30118.208.50-2.5050.1035.0019.90
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense242.15220.40202.90196.10171.20165.80151.70135.80138.00
Price To Earnings Ratio40.2340.2347.6340.3353.6698.9751.1057.2337.09
Price To Sales Ratio16.848.9312.258.708.9117.979.608.646.81
Gross Margin79.7580.4678.8976.3274.9176.0277.8776.4674.84
Operating Margin32.9130.5130.2023.3121.8519.3218.9516.2312.82
Net Margin28.9627.2629.3021.6419.4118.1618.8315.3418.44
Shares Outstanding734.60743.00767.00761.00781.50810.00812.50858.50849.00
Market Capitalization90,788.1190,788.1172,414.4844,945.7738,194.6358,222.8024,136.1218,330.6911,959.01

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,078.402,047.901,849.601,905.001,724.901,630.001,539.701,660.10
Cost of Goods Sold Incl. D&A437.50404.70364.50389.20331.70314.90293.10314.50
Gross Profit1,640.901,643.201,485.101,515.801,393.201,315.101,246.601,345.60
Selling, General and Administrative Excl. Other938.00955.20906.50891.60847.30858.40799.10772.70
Research and Development213.40225.00214.00205.00202.40209.50198.60191.10
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income702.90688.00578.60624.20545.90456.70447.50572.90
Interest Expense3.003.204.204.406.204.604.904.90
Unusual Expense-3.50-5.10-47.10-0.10-14.10-11.3014.70-15.20
Net Income Before Taxes755.00720.20656.60650.80594.80517.30519.30618.40
Income Taxes119.50115.00122.00144.80120.7077.1096.5086.70
Consolidated Net Income635.50606.30534.50506.00473.90440.10433.40526.20
Net Income From Continuing Operations635.50606.30534.50506.00473.90440.10433.40526.20
Net Income635.50606.30534.50506.00473.90440.10433.40526.20
EPS (Recurring)0.850.810.680.680.610.560.570.67
EPS (Basic, Before Extraordinaries)0.870.830.720.680.630.570.560.69
EPS (Diluted)0.860.820.720.680.620.570.560.68
EBITDA742.30729.40618.40663.70584.30495.00483.30608.10
Non-Operating Income (Expense)51.6030.3035.1030.9041.0053.9091.4035.20
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense64.1063.1057.2057.7556.3054.6052.2052.53
Price To Earnings Ratio40.2359.3533.6832.7033.5643.5242.5947.63
Price To Sales Ratio16.8415.108.548.749.7612.8912.1712.30
Gross Margin78.9580.2480.2979.5780.7780.6880.9681.06
Operating Margin33.8233.6031.2832.7731.6528.0229.0634.51
Net Margin30.5829.6128.9026.5627.4727.0028.1531.70
Shares Outstanding734.60733.60734.00743.00742.90765.60769.20767.00
Market Capitalization90,788.11112,549.3960,466.5959,053.0964,427.6580,919.7874,021.4472,414.48

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,582.504,066.502,440.402,211.002,551.701,837.302,065.601,649.601,251.28
Short Term Receivables1,691.201,463.401,402.001,261.70807.70720.00544.30444.50348.19
Inventories399.50315.50484.80264.60175.80139.80117.9090.0077.29
Other Current Assets227.00126.10101.1073.1065.4043.3041.2036.8040.07
Total Current Assets5,900.205,971.504,428.303,810.403,600.602,740.402,769.002,220.901,716.82
Net Property, Plant & Equipment1,683.401,421.701,120.40994.80752.70497.30388.60271.40245.40
Total Investments and Advances339.7013.2042.2046.50441.80119.30149.6076.10110.12
Intangible Assets354.70350.40161.80184.00188.70124.6098.3060.3030.81
Deferred Tax Assets1,314.901,335.60868.80569.40342.30245.20226.30255.00146.93
Other Assets796.30670.70637.40622.90593.00317.70247.40194.307.84
Total Assets10,389.209,763.107,258.906,228.005,919.104,044.503,879.203,078.002,257.92
Short Term Debt Incl. Current Port. of LT Debt535.8032.7033.4033.2026.3019.1015.500.000.00
Accounts Payable230.80190.90204.30243.40148.40141.6096.4086.4070.01
Income Tax Payable------4.1028.2021.43
Other Current Liabilities4,267.403,837.103,481.302,801.802,143.401,668.801,343.901,141.80935.78
Total Current Liabilities5,034.004,060.703,719.003,078.402,318.101,829.501,455.801,256.401,027.22
Long Term Debt526.001,040.701,038.001,052.901,028.9034.0030.600.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Other Liabilities3,591.703,167.902,965.302,378.301,773.701,325.001,050.40811.40641.32
Total Liabilities9,151.708,269.307,722.306,509.605,120.703,188.502,536.802,067.801,668.54
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity1,237.501,493.80-463.40-281.60781.70856.001,342.401,010.20589.38
Total Shareholders Equity1,237.501,493.80-463.40-281.60781.70856.001,342.401,010.20589.38
Accumulated Minority Interest0.000.000.000.0016.700.000.000.000.00
Total Equity1,237.501,493.80-463.40-281.60798.40856.001,342.401,010.20589.38
Total Liabilities & Stockholders Equity10,389.209,763.107,258.906,228.005,919.104,044.503,879.203,078.002,257.92
Book Value Per Share1.671.95-0.61-0.360.971.051.561.190.70
Tangible Book Value Per Share1.191.49-0.82-0.600.730.901.451.120.67
Full-Time Employees15,10914,13813,56812,59510,1958,2387,0825,8455,066
Price to Book Ratio40.4079.66613.20-60.0974.4828.2013.8711.848.46
Return on Assets18.3920.5117.0214.1212.1812.329.5412.451.43
Return on Equity135.72338.74-342.8574.1044.8628.2041.544.40
Return on Invested Capital105.1068.86199.76111.1533.5154.8924.1632.885.33
Quick Ratio1.091.391.061.151.481.421.821.701.60
Current Ratio1.171.471.191.241.551.501.901.771.67

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,282.301,853.401,745.201,147.80856.60606.70488.50331.70332.20
Depreciation160.10152.00122.80113.40104.3084.4068.8061.6055.70
Other Funds (Non Cash)623.90529.40410.70548.20536.70406.20336.40281.70252.30
Funds from Operations3,127.702,601.002,055.501,507.501,271.201,003.30883.20694.40512.40
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital559.20-10.40202.60428.00459.40496.40200.50113.60126.50
Income Taxes Payable--------18.80-6.00
Cash from Operating Activities3,686.902,590.602,258.101,935.501,730.601,499.701,083.70808.00638.90
Capital Expenditures-255.60-364.80-378.90-204.10-281.20-295.90-125.90-92.20-53.00
Net Assets From Acquisitions-9.80-41.60-275.500.00-30.80-74.90-40.20-34.60-21.70
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments-91.70-192.80-73.10-445.501,075.90-954.3092.00-375.50-60.20
Purchase of Investments-1,644.90-1,996.10-1,965.30-1,864.30-389.10-2,510.50-1,079.00-1,332.30-681.80
Sale Or Maturity of Investments1,553.201,803.301,892.201,418.801,465.001,556.201,171.00956.80621.60
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources8.400.100.100.300.000.001.300.000.00
Cash from Investing Activities-348.70-599.10-727.40-649.30763.90-1,325.10-72.80-502.30-134.90
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-937.90-2,245.1062.50-1,456.70-1,965.10-715.80-1,058.00-95.60-125.30
Repurchase of Common Pref Stock-1,030.00-2,289.80-0.60-1,500.50-1,991.20-741.80-1,080.10-145.10-211.80
Sale of Common Pref Stock92.1044.7063.1043.8026.1026.0022.1049.5086.50
Proceedsfrom Stock Options92.1044.7063.1043.8026.1026.0022.1049.5086.50
Issuance or Reduction of Debt, Net-500.000.000.000.000.00967.50-4.10-3.70-10.10
Change in Long Term Debt-500.000.000.000.000.00967.50-4.10-3.70-10.10
Issuance of Long Term Debt0.000.000.000.000.00987.000.000.000.00
Reduction of Long Term Debt-500.000.000.000.000.00-19.50-4.10-3.70-10.10
Net Financing Active Other Cash Flow-143.80-126.40-112.60-113.70-165.20-168.90-109.50-96.30-67.20
Other Financing Activities Uses-143.80-126.40-112.60-113.70-165.20-168.90-109.50-96.30-67.20
Cash from Financing Activities-1,581.70-2,371.50-50.10-1,570.40-2,130.3082.80-1,171.60-195.60-202.60
Exchange Rate Effect-1.60-0.60-2.60-0.80-0.40-0.10---
Net Change in Cash1,754.90-380.601,478.00-285.00363.80257.30-160.70110.10301.40
Free Cash Flow3,431.302,225.801,879.201,731.401,449.401,203.80957.80715.80585.90
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow38.6927.2838.8126.6527.1649.8926.0126.1020.94
Deferred Taxes & Investment Tax Credit-66.20-223.20-301.90-226.40-94.00-10.5019.40-127.80

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments4,799.004,069.603,294.903,582.503,123.404,562.90
Short Term Receivables1,461.001,455.601,486.201,691.201,168.301,215.70
Inventories591.20426.30369.60399.50426.60405.20
Other Current Assets256.80256.80181.90227.00195.20162.50
Total Current Assets7,108.006,208.305,332.605,900.204,913.506,346.30
Net Property, Plant & Equipment1,729.501,699.501,691.501,683.401,605.201,544.80
Total Investments and Advances519.40399.10339.70339.70289.10112.00
Intangible Assets348.10334.50344.40354.70368.50382.20
Deferred Tax Assets1,306.901,319.401,304.501,314.901,367.801,457.20
Other Assets930.90898.40870.80796.30817.20798.90
Total Assets11,942.8010,859.209,883.5010,389.209,361.3010,641.40
Short Term Debt Incl. Current Port. of LT Debt0.000.000.00535.80499.40499.00
Accounts Payable430.30282.50238.70230.80221.30245.20
Other Current Liabilities4,657.204,558.304,384.804,267.404,065.404,032.90
Total Current Liabilities5,087.504,840.804,623.505,034.004,786.104,777.10
Long Term Debt497.10496.90496.80526.00496.50496.30
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities4,111.403,970.403,773.503,591.703,343.603,307.60
Total Liabilities9,696.009,308.108,893.809,151.708,626.208,581.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity2,246.801,551.10989.701,237.50735.102,060.40
Total Shareholders Equity2,246.801,551.10989.701,237.50735.102,060.40
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity2,246.801,551.10989.701,237.50735.102,060.40
Total Liabilities & Stockholders Equity11,942.8010,859.209,883.5010,389.209,361.3010,641.40
Book Value Per Share3.062.111.351.670.992.69
Tangible Book Value Per Share2.581.660.881.190.492.19
Full-Time Employees---15,109-14,898
Price to Book Ratio40.40113.9349.0680.2531.2441.43
Return on Assets21.4319.7319.2718.3920.5720.75
Return on Equity153.08117.44132.39135.72228.04165.17
Return on Invested Capital23.1629.6035.9628.6938.4817.21
Quick Ratio1.281.191.071.090.941.24
Current Ratio1.401.281.151.171.031.33

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income635.50606.30534.50506.00473.90440.10
Depreciation39.4041.4039.8039.5038.4038.30
Other Funds (Non Cash)181.40168.70117.00156.80141.60132.70
Funds from Operations868.80801.80702.30754.80742.90565.80
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital77.20241.80374.80-134.60-87.70-113.90
Cash from Operating Activities946.001,043.601,077.10620.20655.20451.90
Capital Expenditures-64.20-78.00-70.60-42.80-87.70-167.80
Net Assets From Acquisitions-9.800.000.000.000.00-30.40
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-38.10-115.0064.90-3.50-88.10-67.90
Purchase of Investments-405.40-405.30-350.70-483.50-536.10-473.50
Sale Or Maturity of Investments367.30290.30415.60480.00448.00405.60
Other Uses0.000.000.000.000.000.00
Other Sources0.008.400.000.000.00-0.10
Cash from Investing Activities-112.10-184.60-5.70-46.30-175.80-266.20
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock22.70-105.10-805.40-50.10-1,825.20-390.00
Repurchase of Common Pref Stock0.00-149.80-823.00-57.20-1,831.50-401.10
Sale of Common Pref Stock22.7044.7017.607.106.3011.10
Proceedsfrom Stock Options22.7044.7017.607.106.3011.10
Issuance or Reduction of Debt, Net0.000.00-500.000.000.000.00
Change in Long Term Debt0.000.00-500.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.00-500.000.000.000.00
Net Financing Active Other Cash Flow-40.90-42.80-37.50-22.60-26.70-24.20
Other Financing Activities Uses-40.90-42.80-37.50-22.60-26.70-24.20
Cash from Financing Activities-18.20-147.90-1,342.90-72.70-1,851.90-414.20
Exchange Rate Effect0.000.000.00-1.60-0.300.40
Net Change in Cash815.70711.10-271.50499.60-1,372.80-228.10
Free Cash Flow881.80965.601,006.50577.40567.50284.10
Price to Free Cash Flow38.6936.4724.9226.6931.5540.19

Revenue breakdown

Product2024: 1.91B 2025: 2.22B
Security Subscription2024: 2.32B 2025: 2.63B
Technical Support and Other2024: 1.73B 2025: 1.95B
Asia Pacific and Japan2024: 1.12B 2025: 1.26B
Europe, Middle East and Africa2024: 2.40B 2025: 2.83B
Other Americas2024: 663.30M 2025: 770.90M
United States2024: 1.78B 2025: 1.93B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.97%12.0M608.3M4.56M
2026-10-151.99%12.1M607.5M4.50M
2026-09-302.06%12.5M607.5M4.72M
2026-09-152.26%13.7M607.5M5.26M
2026-08-312.23%13.6M607.5M5.70M
2026-08-142.34%14.2M607.3M5.98M
2026-07-312.37%14.4M607.3M6.37M
2026-07-152.39%14.5M606.4M6.18M
2026-06-302.48%15.1M606.4M6.42M
2026-06-153.11%18.8M605.6M6.25M
2026-05-292.78%16.9M607.6M6.11M
2026-05-153.23%19.6M607.4M6.18M
2026-04-303.11%19.1M613.4M6.51M
2026-04-153.17%19.4M610.7M6.81M
2026-03-313.09%18.9M611.3M6.84M
2026-03-133.13%19.1M611.3M6.72M
2026-02-272.90%17.7M611.3M6.56M
2026-02-132.76%16.9M614.4M6.37M
2026-01-302.86%17.6M614.5M5.97M
2026-01-153.27%20.1M614.5M5.57M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call65.0061.0564.9563.697.0900.001.000.998-0.0620.001
call70.0056.0060.0058.746.5286.007.000.998-0.0620.001
call75.0051.7555.0052.655.8716.006.000.997-0.0620.001
call80.0046.7550.0043.275.2951.000.000.997-0.0620.001
call85.0041.0045.0047.404.7531.000.000.997-0.0610.001
call90.0036.1040.0079.354.2322.000.000.996-0.0610.001
call95.0031.1035.0029.253.5120.000.000.996-0.0600.001
call10026.1029.8573.943.1712.000.000.995-0.0600.001
call10521.7524.9523.112.7624.001.000.994-0.0590.002
call10620.1523.9522.192.6701.001.000.992-0.0770.002
call10719.8022.950.002.5790.000.000.991-0.0760.002
call10818.8022.050.002.5350.000.000.991-0.0760.002
call10917.8020.850.002.2490.000.000.990-0.0750.002
call11016.8020.000.002.3280.000.000.990-0.0750.002
call11115.8018.850.002.1681.000.000.987-0.0900.003
call11214.8017.700.002.0100.000.000.986-0.0900.003
call11313.8017.000.002.0520.000.000.930-0.4220.012
call11412.8015.450.001.8320.000.000.927-0.4150.013
call11511.8015.006.551.8698.000.000.923-0.4070.013
call11610.8013.8012.811.6961.001.000.915-0.4180.014
call1179.8513.055.301.7021.000.000.887-0.5300.017
call1188.8511.750.001.4930.000.000.877-0.5300.018
call1198.0011.100.001.5310.000.000.861-0.5580.020
call1207.009.509.401.21639.009.000.847-0.5550.021
call1216.109.108.001.33732.004.000.820-0.6030.024
call1225.157.456.971.01538.0011.000.775-0.7200.027
call1234.257.357.501.21539.006.000.738-0.7820.030
call1243.505.355.470.8251268.000.733-0.6430.030
call1253.104.054.100.64516034.000.693-0.6430.032
call1262.304.003.360.79715215.000.637-0.6810.034
call1272.112.712.450.5911,1711,1710.590-0.5880.035
call1281.712.302.080.6342312360.518-0.6060.036
call1290.742.442.650.76446.0032.000.455-0.6940.036
call1301.031.501.030.63519391.000.400-0.7090.035
call1310.611.200.890.64513.001,1670.350-0.6990.034
call1320.181.280.700.7361091740.309-0.7010.032
call1330.131.330.480.82236.0019.000.284-0.7380.031
call1340.090.980.340.82654.0018.000.248-0.6970.029
call1350.070.270.230.5851781780.152-0.4090.021
call1360.110.680.290.64478.001120.133-0.3960.020
call1370.030.710.200.70154.0020.000.117-0.3810.018
call1380.000.150.200.66089.0084.000.075-0.2510.013
call1390.000.340.100.70167.0015.000.066-0.2400.012
call1400.020.300.100.74916661.000.056-0.2160.010
call1410.000.350.020.79622.000.000.048-0.1960.009
call1420.002.140.040.84364.000.000.045-0.2000.009
call1430.002.130.080.88812.000.000.043-0.2030.008
call1440.001.240.030.93421.0011.000.042-0.2060.008
call1450.000.350.050.73072.0031.000.009-0.0450.002
call1460.002.130.371.02158.000.000.039-0.2120.008
call1470.002.130.311.06512.000.000.037-0.2150.007
call1480.002.130.151.1077.000.000.036-0.2170.007
call1490.002.130.161.1499.000.000.035-0.2200.007
call1500.000.050.050.84069.0010.000.008-0.0440.002
call152.50.000.610.101.10545.0037.000.014-0.1010.003
call1550.010.050.051.19341.0013.000.014-0.1030.003
call157.50.002.130.521.27815.0010.000.013-0.1040.003
call1600.002.130.801.36132.0010.000.012-0.1060.003
call162.50.002.130.841.44211.0010.000.011-0.1070.003
call1650.002.010.271.5219.000.000.011-0.1090.003
call167.50.002.130.001.5980.000.000.010-0.1100.003
call1700.002.130.211.67418.000.000.010-0.1110.002
call172.50.002.130.001.7480.000.000.010-0.1120.002
call1750.002.130.101.8218.000.000.009-0.1130.002
call177.50.002.130.011.8924.000.000.009-0.1140.002
call1800.000.020.481.47342.000.000.002-0.0200.001
call182.50.000.010.981.72425.000.000.004-0.0500.001
call1850.000.270.551.77929.0015.000.002-0.0300.001
call187.50.002.137.201.8378.000.000.002-0.0300.001
call1900.000.070.021.77173.000.000.002-0.0280.001
call192.50.002.136.951.9501.000.000.002-0.0310.001
call1950.002.130.052.00595.000.000.002-0.0310.001
call197.50.002.130.002.0590.000.000.002-0.0310.001
call2000.002.130.052.11234.000.000.002-0.0310.001
call202.50.002.130.002.16517.000.000.002-0.0310.001
call2050.002.130.052.21727.000.000.002-0.0310.001
call207.50.002.133.702.2685.000.000.002-0.0320.001
call2100.000.030.102.0022390.000.002-0.0210.001
call212.50.002.132.872.36716.000.000.002-0.0320.000
call2150.002.131.082.41631.000.000.002-0.0320.000
call217.50.002.130.002.4640.000.000.002-0.0320.000
call2200.002.136.052.5121.000.000.002-0.0320.000
call222.50.002.130.052.5591.000.000.002-0.0320.000
call2250.002.131.922.6051.000.000.002-0.0320.000
call227.50.002.130.002.6510.000.000.002-0.0330.000
call2300.002.131.062.69625.000.000.002-0.0330.000
call232.50.002.131.112.74021.000.000.001-0.0330.000
call2350.002.130.052.78413.000.000.001-0.0330.000
call2400.002.130.402.8703.000.000.001-0.0330.000
call2450.002.130.002.9546.000.000.001-0.0330.000
call2500.002.130.353.0361.000.000.001-0.0330.000
call2550.002.130.353.1161.000.000.001-0.0340.000
call2600.002.130.293.1942.000.000.001-0.0340.000
put65.000.002.130.003.4800.000.00-0.002-0.0550.001
put70.000.002.130.003.1240.000.00-0.002-0.0540.001
put75.000.002.130.002.7910.000.00-0.003-0.0540.001
put80.000.002.130.002.4790.000.00-0.003-0.0530.001
put85.000.002.130.002.1840.000.00-0.003-0.0520.001
put90.000.002.130.001.9040.000.00-0.004-0.0510.001
put95.000.002.130.531.6371.000.00-0.004-0.0500.001
put1000.000.080.091.3549.000.00-0.007-0.0590.002
put1050.010.020.011.13117610.00-0.006-0.0470.002
put1060.000.030.071.14013.002.00-0.008-0.0650.002
put1070.000.560.021.0909.002.00-0.009-0.0640.002
put1080.000.350.011.04014.004.00-0.009-0.0640.002
put1090.000.630.020.9900.002.00-0.010-0.0630.002
put1100.000.230.020.94147.0015.00-0.010-0.0630.002
put1110.000.830.030.92719.004.00-0.013-0.0780.003
put1120.000.270.020.87626.007.00-0.014-0.0770.003
put1130.000.470.051.23836.007.00-0.070-0.4100.012
put1140.001.280.071.17010.004.00-0.073-0.4030.013
put1150.000.380.041.102210129-0.077-0.3940.013
put1160.000.360.051.03446.0030.00-0.085-0.4050.014
put1170.000.780.061.05018.0010.00-0.113-0.5170.017
put1180.050.890.080.97847.0015.00-0.123-0.5170.018
put1190.020.490.110.90573.00163-0.139-0.5450.020
put1200.090.680.090.86828296.00-0.153-0.5420.021
put1210.080.560.560.79236.001.00-0.180-0.5890.024
put1220.111.151.890.93615.000.00-0.225-0.7070.027
put1230.191.230.440.84618.007.00-0.262-0.7680.030
put1240.351.112.810.75323.000.00-0.267-0.6290.030
put1250.491.760.700.77914181.00-0.307-0.6290.032
put1260.511.501.920.67315.006.00-0.363-0.6670.034
put1271.121.661.450.6129.0077.00-0.410-0.5740.035
put1281.421.961.780.581233220-0.482-0.5920.036
put1291.942.692.170.62922.003.00-0.545-0.6800.036
put1302.374.203.150.87120126.00-0.600-0.6950.035
put1312.735.053.100.93560.003.00-0.650-0.6850.034
put1324.305.654.160.91523.001.00-0.691-0.6870.032
put1334.106.606.151.21910.001.00-0.700-0.8020.032
put1344.357.5011.881.04738.000.00-0.752-0.6820.029
put1355.808.3512.001.07986.000.00-0.848-0.3940.021
put1366.509.3013.061.14077.000.00-0.867-0.3800.020
put1377.7010.2514.981.1986.000.00-0.883-0.3650.018
put1388.1011.3515.591.3081000.00-0.919-0.2590.014
put1399.6512.3017.151.5947.000.00-0.929-0.2430.012
put14010.4013.2012.101.3916.006.00-0.944-0.2000.010
put14111.7514.1518.821.4380.000.00-0.952-0.1810.009
put14212.1015.3017.741.7750.000.00-0.955-0.1840.009
put14313.0516.3018.811.6300.000.00-0.957-0.1870.008
put14414.6517.3015.581.6940.000.00-0.958-0.1900.008
put14515.1018.2523.781.7570.000.00-0.960-0.1930.008
put14616.1019.3018.232.0620.000.00-0.961-0.1960.008
put14717.0520.3017.502.1260.000.00-0.963-0.1980.007
put14818.1021.3013.802.1880.000.00-0.964-0.2010.007
put14919.0522.3023.451.9960.000.00-0.965-0.2030.007
put15020.6023.1527.501.9840.000.00-0.984-0.0820.004
put152.522.6025.8029.532.1940.000.00-0.986-0.0840.003
put15525.1028.1532.492.2542.000.00-0.986-0.0850.003
put157.528.2530.6526.852.3830.000.00-0.987-0.0870.003
put16030.6033.2030.602.5340.000.00-0.988-0.0880.003
put162.532.6035.7539.482.7091.000.00-0.989-0.0890.003
put16535.6038.2035.102.7732.000.00-0.989-0.0900.003
put167.537.5540.8036.913.2500.000.00-0.995-0.0330.001
put17040.6043.1541.003.4170.000.00-0.995-0.0330.001
put172.543.1045.6537.373.5090.000.00-0.995-0.0330.001
put17545.1048.3053.003.2740.000.00-0.996-0.0330.001
put177.547.6050.8042.373.3790.000.00-0.996-0.0340.001
put18050.6053.1559.283.3890.000.00-0.996-0.0340.001
put182.552.6055.7513.503.5510.000.00-0.998-0.0100.001
put18555.6058.1560.953.5840.000.00-0.998-0.0100.001
put187.557.9060.750.004.1230.000.00-0.998-0.0100.001
put19060.1063.9015.554.2230.000.00-0.998-0.0090.001
put192.562.9065.750.003.9290.000.00-0.998-0.0090.001
put19565.8068.2558.634.0190.000.00-0.998-0.0090.001
put197.567.6070.7561.154.1070.000.00-0.998-0.0090.001
put20070.3073.250.004.5960.000.00-0.998-0.0090.001
put202.572.6075.750.004.2780.000.00-0.998-0.0090.001
put20575.1078.250.004.3620.000.00-0.998-0.0090.001
put207.577.6080.750.004.4440.000.00-0.998-0.0090.001
put21080.2083.250.004.9730.000.00-0.998-0.0080.001
put212.582.7085.750.005.0260.000.00-0.998-0.0080.000
put21585.1088.250.004.6820.000.00-0.998-0.0080.000
put217.587.6090.750.005.1880.000.00-0.998-0.0080.000
put22090.1093.250.005.2670.000.00-0.998-0.0080.000
put222.592.6095.750.005.0860.000.00-0.998-0.0080.000
put22595.1098.250.005.4210.000.00-0.998-0.0070.000
put227.597.60100.750.005.0540.000.00-0.998-0.0070.000
put230100.1103.250.005.1260.000.00-0.998-0.0070.000
put232.5102.7105.75103.485.1920.002.00-0.999-0.0070.000
put235105.4108.25105.985.7160.002.00-0.999-0.0070.000
put240110.4113.250.005.9200.000.00-0.999-0.0060.000
put245115.1118.250.005.9940.000.00-0.999-0.0060.000
put250120.2123.250.006.1920.000.00-0.999-0.0060.000
put255125.1128.25132.586.2560.000.00-0.999-0.0050.000
put260130.1133.25137.565.9020.000.00-0.999-0.0050.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-01SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-10-3010-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-014Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-254Statement of changes in beneficial ownership of securities2026-09-24SEC
2026-09-24144Filing for proposed sale of securities under Rule 144.SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-14144Filing for proposed sale of securities under Rule 144.SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-134Statement of changes in beneficial ownership of securities2026-08-12SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-01SEC
2026-08-04144Filing for proposed sale of securities under Rule 144.SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-01SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-01SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110021.28M2
2026-100000
2026-09009.40M3
2026-080026.84M3
2026-070000
2026-060023.96M2
2026-050019.73M8
2026-040000
2026-030000
2026-020042.28M3
2026-010000
2025-120000
2025-110014.03M3

Institutional holders

Manager% owned
BlackRock, Inc.8.50%
VANGUARD CAPITAL MANAGEMENT LLC5.55%
STATE STREET CORP4.04%
VANGUARD PORTFOLIO MANAGEMENT LLC3.39%
Invesco Ltd.3.36%
GEODE CAPITAL MANAGEMENT, LLC2.43%
NORGES BANK1.70%
FIRST TRUST ADVISORS LP1.48%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.38%
AQR CAPITAL MANAGEMENT LLC1.18%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND2.70%
VANGUARD 500 INDEX FUND2.20%
Invesco QQQ Trust, Series 12.12%
Inspire Corporate Bond ETF1.64%
VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND1.43%
iShares Core S&P 500 ETF1.17%
Fidelity 500 Index Fund1.10%
First Trust Nasdaq Cybersecurity ETF1.09%
VANGUARD TOTAL BOND MARKET INDEX FUND1.05%
SPDR S&P 500 ETF TRUST1.03%

OakChart. FTNT. Cached 15 minutes.