FTNT
Fortinet, Inc.Technology · $129.4B market cap
Verdict
Share price
$180.95
close of Oct 3, 2026
Fair value
$39.35
Sticker Price
Payback Price
$15.74
buy price
FTNT is Overpriced: at $180.95 it trades 360% above its fair value of $39.35. Its buy price (Payback Price) is $15.74, 91% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
5 of 5 clear the 10% bar. What are the Big Five?
Follow FTNT
Get notified when it reaches its buy price of $15.74. Free.
Create a free accountSuperinvestors
1 of the investors we track holds FTNT. In Q2 2026, 1 trimmed. Who we track
Moves in Q2 2026
Trimmed: Terry Smith
Insider activity
Since Aug 1, 2026: no open-market purchases, 11 sales worth $26.8M and 24 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Ohlgart Christiane
Chief Financial Officer · 2026-08-04
Sold
$64K
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$27K
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$7.9M
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$11.1M
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$1.2M
Show all 11 salesShow fewer
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$3.2M
Xie Ken
PRESIDENT & CEO · 2026-08-03
Sold
$2.9M
Xie Michael
VP, ENGINEERING & CTO · 2026-08-03
Sold
$131K
Xie Michael
VP, ENGINEERING & CTO · 2026-08-03
Sold
$232K
Xie Michael
VP, ENGINEERING & CTO · 2026-08-03
Sold
$32K
Xie Michael
VP, ENGINEERING & CTO · 2026-08-03
Sold
$112K
Other filings
Kan Derek T.
director · 2026-08-12
Award
1,836 shares
Hsieh Ming
director · 2026-08-12
Award
1,836 shares
Napolitano Janet
director · 2026-08-12
Award
1,836 shares
Hu Jean X.
director · 2026-08-12
Award
1,836 shares
GOLDMAN KENNETH A
director · 2026-08-12
Award
1,836 shares
Show all 24 other filingsShow fewer
Sim Judith
director · 2026-08-12
Award
1,836 shares
STAVRIDIS JAMES G.
director · 2026-08-12
Award
1,836 shares
Xie Ken
PRESIDENT & CEO · 2026-08-03
Option exercise
$3.5M
Ohlgart Christiane
Chief Financial Officer · 2026-08-01
Option exercise
684 shares
Ohlgart Christiane
Chief Financial Officer · 2026-08-01
Option exercise
650 shares
Ohlgart Christiane
Chief Financial Officer · 2026-08-01
Tax withholding
$94K
Ohlgart Christiane
Chief Financial Officer · 2026-08-01
Option exercise
300 shares
Xie Ken
PRESIDENT & CEO · 2026-08-01
Option exercise
6,260 shares
Xie Ken
PRESIDENT & CEO · 2026-08-01
Tax withholding
$1.1M
Xie Ken
PRESIDENT & CEO · 2026-08-01
Option exercise
4,558 shares
Xie Ken
PRESIDENT & CEO · 2026-08-01
Option exercise
2,275 shares
Xie Michael
VP, ENGINEERING & CTO · 2026-08-01
Option exercise
2,764 shares
Xie Michael
VP, ENGINEERING & CTO · 2026-08-01
Tax withholding
$516K
Xie Michael
VP, ENGINEERING & CTO · 2026-08-01
Option exercise
2,242 shares
Xie Michael
VP, ENGINEERING & CTO · 2026-08-01
Option exercise
1,300 shares
Whittle John
CHIEF OPERATING OFFICER · 2026-08-01
Option exercise
1,608 shares
Whittle John
CHIEF OPERATING OFFICER · 2026-08-01
Tax withholding
$374K
Whittle John
CHIEF OPERATING OFFICER · 2026-08-01
Option exercise
1,827 shares
Whittle John
CHIEF OPERATING OFFICER · 2026-08-01
Option exercise
1,138 shares
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…
Software - Infrastructure
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works