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Valued at a market cap of $78.1 billion, Fortinet, Inc. (FTNT) offers cybersecurity and convergence of networking and security solutions worldwide. The Sunnyvale, California-based company provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE), and AI-driven security operations.
Companies worth $10 billion or more are generally labeled as “large-cap” stocks, and Fortinet fits this criterion perfectly. The cybersecurity company develops and sells security solutions like firewalls, endpoint security. It also has the largest integrated portfolio of over 50 enterprise-grade products.
Fortinet stock has dropped 11.1% from its 52-week high of $114.82. Shares of FTNT have gained marginally in the past three months, lagging behind the S&P 500 Index’s ($SPX) 4.1% increase.
In the longer term, FTNT stock has surged 8% on a YTD basis, whereas SPX has risen 2.1%. Moreover, shares of Fortinet have soared 70.9% over the past 52 weeks, significantly outperforming the SPX's 12.3% return over the same time frame.
FTNT stock has been trading above its 50-day moving average since late April, and it has also remained above its 200-day moving average since last year.
Shares of Fortinet tumbled 8.4% following its Q1 2025 release on May 7, despite reporting strong performance. The company reported revenue of $1.5 billion, up 13.8% year-over-year from the prior-year quarter, in line with Wall Street expectations. The growth was driven by a 12.3% increase in product revenue and a 14.4% rise in service revenue. Its adjusted EPS came in at $0.58, up 34.9% from the prior year quarter and exceeding analysts’ estimates by 9.4%.
However, the stock declined as the company’s full-year 2025 guidance disappointed investors, with projected revenue of $6.65 billion to $6.85 billion and adjusted EPS between $2.43 and $2.49.
In contrast, rival Synopsys, Inc. (SNPS) has notably lagged behind the FTNT stock. Shares of SNPS have crumbled 13.2% over the past 52 weeks and gained 2.1% on a YTD basis.
Although the stock has outperformed over the past year, analysts are cautiously optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 41 analysts covering it, and it is currently trading below the mean price target of $108.
