Fortinet (FTNT) stock

Network and cloud security subscriptionsCybersecurity

Worth $90B

$123.57

+0.90%

Network security, worth $90BCybersecurity

As of Tuesday's close · Live for Pro members at the open

Why FTNT fell 33% since Oct 27

Down 33% from Oct 27 to Nov 10.

Fortinet fell 33% from Oct 27 to Nov 10. 19 points of it came on Oct 29, the session after its Oct 28 results.

Sources: Price history, Nov 10, 2026; SEC filing, Oct 28, 2026

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1 more reason, free with an account →1 more reason why FTNT fell 33% since Oct 27, from its filings, with the other side, the timeline, and its peers, for Pro members.

Why FTNT still beats the market over three years

Up 49% over the year to Nov 9 while the S&P 500 rose 12%; down 33% since Oct 27.

2 reasons, from its filings, with the timeline and its peers, for Pro members.

Quality Score

Average

In its industry

#4of 10

Computer Hardware

Checks firing

2of 14

Trending up

From 52-week high

-37.3%

under its best in a year

Down:Down to Average for the first time since May 2026. Scores before Sep 10, 2026 were rebuilt.

FTNT's Quality Score was unchanged on Tue, Nov 10, at 8.

See FTNT's 14 chart checksSee it live, free until Thursday morning. No account. No card. Then keep going with a free account.

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Key facts on FTNT

Key facts on FTNT
The company	Profit up 22% to $2.3B
Its score	Down:Down to Average for the first time since May 2026 Scores before Sep 10, 2026 were rebuilt.
Latest filing	10-Q, Oct 30 Filed its quarterly report (10-Q) for the quarter to Sep 30, 2026

1 more reason behind FTNT's 8, free with an account →3 more reasons behind FTNT's 8, for Pro members.

FTNT in the news

Thu Oct 29Fortinet reported quarterly revenue of $2.08 billion and diluted EPS of $0.86 SEC, 4:09 PM ET FTNT closed −20.1% that day.

Big story

Guidance

Fortinet raises 2026 revenue outlook after strong third-quarter print

FTNT closed −20.1% the next session (Oct 29) on 4.2x normal volume.

Reported by Investing.com · covered by 13 outlets

Get an alert on FTNT's next big story →

Outlet counts from the GDELT Project. The move is what FTNT did that session, not a claim about why.

What's next

Thu Nov 12: BMO Technology & Innovation Leaders…Investor conference · date confirmed.

2 more dates ahead: conferences, for Pro members.

FTNT catalysts

Coming up

After its last 4 reports it closed +1.4% on average, higher 3 of 4 times.

29 past catalysts since 2018, with sizes and sources, for Pro members.

Why FTNT scores 8

Averagefor quality, not price, 2 of 14 chart checks firingWhat the Quality Score means

+2Chart checks 2 of 14 firing right now, one point each
+2Profit A profit of $2.3B over the last four quarters, up 22% from $1.9B the four before, from the SEC filingsRead on the last four quarters against the four before, or the last full year where no quarters are filed.

Long-term trend adds
Size adds
Growth addsSales and margins against a year earlier: up to +3 for fast growth and widening margins, down to -2 when both shrink.
Persistence adds

No effect today: Run-up, Dilution, Volatility, Cash flow, and News.

What every line is worth, and the reason behind it, on FTNT and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 10:56 PM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

How FTNT ranks in Computer Hardware

FTNT is #4 of 10 by Quality Score.

How FTNT ranks in Computer Hardware
Rank	Stock	Checks	Quality Score
1	MITKMitek Systems	5/14	14
2	CRSRCorsair Gaming	2/14	11
3	LOGILogitech International SA	4/14	9
	EVLVEvolv		Open for its score
	IMMRImmersion		Open for its score
	INVEINVE Technologies		Open for its score
4	FTNTFortinet	2/14	8

Share count against a year before: FTNT -2.8%, PANW +13%, SAIL +2.2%, AKAM +0.2%.

When does FTNT report earnings, and what happens after?

Expected to report Thu Feb 4, after the close (in 86 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What FTNT reported on Oct 28, 2026

The quarter

Sales of $2.1B, 20% more than a year ago; a profit of $0.86 a share, from $0.62.

The quarter that ended Sep 30, from the company's press release

The press release The filing on EDGAR

Where the sales came from

Where the quarter's sales came from
Line	Q3 2026	Q2 2026	Q3 2025
By product
Serviceup 13%	$1.3B63%	$1.3B62%	$1.2B68%

Each quarter's sales and their share of its total. Figures as filed (SEC filing, Oct 30)

8 more lines, for Pro members.

The outlook

The outlook the company gave, by period
Measure	Figure
Q4 2026
Revenue	$2.155B to $2.245B

Figures as filed (SEC filing, Oct 28)

6 more outlook lines, for Pro members.

The numbers

Market value: $90B; today
Sales: $7.9B; up 20.2% on the year
Free cash flow: $3.4B; last 12 months

Sales grew 21% a year over 5 years, fiscal 2020 to 2025.

Its share count fell 1.8% a year over 5 years.

5 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on FTNT: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

+20.0%+0.7%-20.1%

May 6Jul 29Oct 28

Reported	When	Gap	Reaction	5 days
Oct 28, 2026After close	After close	-26.5%	-20.1%	-25.7%
Jul 29, 2026After close	After close	+7.0%	+0.7%	+7.1%
May 6, 2026After close	After close	+17.0%	+20.0%	+30.8%

FTNT closed higher after 3 of its last 4 reports.

All 4 reports, and FTNT's Quality Score going into each

FTNT sales and profit by year

Sales and profit by year

Sales grew every year from 2018 to 2025, to $6.8B. It made a profit in each of the eight years.

FTNT has 2 of 14 chart checks firing

Trend1 of 5 shown

MA FAN 21 EMA W.EMA HH/HL 52W HI

Volume1 of 3 shown

VOL VDU U/D VOL

Tight range1 of 3 shown

ATR SQZ SQUEEZE NR7

Buying1 of 3 shown

OBV+CLOSE HI SPRING

The other 10 checks on FTNT, and all 14 on every stock.Get in free →

FTNT RSI today: 28.0, below its 50-day and 200-day averages

Not scored

RSI 28.0, MACD below signal, below both averages. Not scored.13 readings

The deep dive on FTNT

What it does and how it makes money4 findingsServices made up 67% of its revenue in fiscal 2025 ($4.58B of $6.80B), against 68% in fiscal 2024; product sales 33%.SEC filing · Feb 25, 2026
Where it stands4 findingsFor Pro members4 findings on where FTNT stands: its cash, debt, and share count, for Pro members
What changed in its filings6 findings"A consolidated amended complaint was filed on April 24 …" (10-Q for the quarter to Sep 30, 2026)SEC filing · Oct 30, 2026A new heading in its "Risk Factors" this year: "We are currently, and may in the future become, involved in litigation that may adversely affect us." (10-K for fiscal 2025; not in fiscal 2024's)SEC filing · Feb 25, 2026, against the one of Feb 21, 2025One distributor made up 28% of its revenue in fiscal 2025, down from 29% in fiscal 2024.SEC filing · Feb 25, 2026Backlog rose 19% in a year, to $7.98B on Sep 30, 2026 from $6.72B: sales under contract, not yet delivered.Filed figures, Sep 30, 2026
Who holds and trades it2 findingsFor Pro members2 findings on who holds and trades FTNT, for Pro members
Against its closest peers4 peersShare count against a year before: FTNT -2.8%, PANW +13%, SAIL +2.2%, AKAM +0.2%.

11 more findings on FTNT, each with its source, for Pro members.

FTNT insider trades

FTNT trades by Congress and the executive branch

11 trades disclosed in the last six months. The newest:

SellDonald Trump$500K to $1MPresident (R)traded Aug 21, disclosed Oct 8(48 days later)

SellDonald TrumpPresident (R)$500K to $1Mtraded Aug 21, disclosed Oct 8(48 days later)

All 11 trades on FTNT disclosed by Congress and the executive branch, for Pro members.Get in free →

See what Congress is buying across the market

FTNT's officers and directors

Officers and directors with a Form 4 in the last 12 months.

Ken XiePresident & CEO · 7 trades
Christiane OhlgartChief Financial Officer · 8 trades
Michael XieVP, Engineering & CTO · 7 trades
John WhittleChief Operating Officer · 3 trades
Jean X. HuDirector · no trades on file
Derek T. KanDirector · no trades on file
James G. StavridisDirector · no trades on file
Janet NapolitanoDirector · no trades on file

3 more officers and directors file at FTNT.

See insider trades by person

Which ETFs hold FTNT?

In ETFs: FTNT is 0.5% of XLK, 0.4% of QQQI, and 0.4% of QQQ, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Fortinet

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.

15,540 employeesSunnyvale, CAfortinet.com

What Fortinet says it competes with

“The markets for our products are extremely competitive and are characterized by rapid technological change.”

From its annual report, SEC filing · Feb 25, 2026

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Every line of the score
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CEOs buying their own stock
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Congress trades
A member's trades, newest first, each with its amount. Sort and filter the whole list.
14 chart checks, read for you
The ones firing on the stock, each in plain words, its rule a tap away.
Earnings, week by week
Who reports each day, and how each stock took its last four reports.
FDA dates, counted down
Each date in the company's words, its cash against the date, and an optional alert before it.
The market map
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What would move FTNT's score: 5 things
2 more filings explained, a plain line each
Real-⁠time prices, no delay

BreakawaySep 22Donald Trump bought FTNT$250K to $500K, disclosed Sep 22

Alerts are optional.

See FTNT's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 10, 2026: FTNT's Quality Score is 8 (Average), #4 of 10 in Computer Hardware.

What does FTNT's Quality Score say?

FTNT scores 8 today, which Breakaway calls Average. It is #4 of 10 in Computer Peripheral Equipment by Quality Score, with 2 of 14 chart checks firing. Down 33% from Oct 27 to Nov 10. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is FTNT's Quality Score?

FTNT scores 8 today, which Breakaway calls Average (6 to 10). That is #4 of 10 in Computer Peripheral Equipment by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind FTNT's 8.

When does FTNT report earnings?

Expected to report Thu Feb 4, after the close, a date Breakaway expects from the company's usual timing; the company has not confirmed it. FTNT closed higher after 3 of its last 4 reports. Past behavior, not a forecast.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.