Fortinet, Inc. (NASDAQ: FTNT) is a Sunnyvale, California-headquartered cybersecurity company that provides network security appliances, unified Secure Access Service Edge (SASE), and AI-driven security operations software through its integrated Fortinet Security Fabric platform. This page profiles the listed company and its stock: it brings together TradingView market widgets, financial reference data taken from Fortinet’s SEC filings, and a dated, clearly labelled third-party Shariah-screening snapshot for research purposes. Widgets update dynamically; the tables and screening notes are static and carry their own reporting periods and dates. For sector context see SaGeminieTech’s Cybersecurity hub, the Artificial Intelligence hub and the NASDAQ hub.
Key Investor Considerations for Fortinet, Inc.
Potential Strengths
- Revenue of $6,799.6 million in fiscal 2025, up from $5,955.8 million in fiscal 2024 and $5,304.8 million in fiscal 2023 (company-reported)
- Operating income nearly doubled from $1,241.1 million in fiscal 2023 to $2,084.7 million in fiscal 2025, reflecting margin expansion (company-reported)
- Recurring service revenue (security subscriptions and support) approximately 67% of total revenue in fiscal 2025, providing revenue visibility
- Cash and securities of $3,824.0 million (calculated) comfortably exceed the $996.3 million of Senior Notes outstanding, which are also nearing maturity
- Broad, integrated platform (Fortinet Security Fabric) spanning secure networking, SASE and AI-driven SecOps, backed by 1,405 global patents including 321 AI-related patents
Material Risks
- Interest-bearing debt: $996.3 million of Senior Notes outstanding at December 31, 2025, with fiscal 2025 interest expense of $20.1 million
- Stockholders’ equity of $1,237.5 million is small relative to total assets of $10,389.2 million, reflecting a history of share repurchases and large deferred-revenue liabilities — a capital-structure characteristic to be aware of, not a going-concern signal
- Approximately 87% of hardware is manufactured in Taiwan, concentrating supply-chain and geopolitical risk in a single region
- Competitive market: network security and SASE includes large, well-resourced competitors including Palo Alto Networks, Cisco, and Check Point, among others
- Revenue and demand are tied to enterprise IT security budgets and firewall-refresh cycles, which can be cyclical
Frequently Asked Questions
What does Fortinet do?
Fortinet provides network security appliances, unified SASE, and AI-driven security operations software through its integrated Fortinet Security Fabric platform, according to its fiscal 2025 Form 10-K.
On which exchange is Fortinet listed?
Fortinet’s common stock trades on the NASDAQ Global Select Market under the ticker symbol FTNT, as confirmed against the SEC’s ticker-and-exchange listing.
How many reportable segments does Fortinet have?
Fortinet operates and reports as a **single operating segment**; its Chief Executive Officer serves as chief operating decision maker and uses consolidated net income to evaluate the business.
Is Fortinet profitable?
Yes. Fortinet reported operating income of $2,084.7 million and net income of $1,853.4 million in fiscal 2025, both up from fiscal 2024 and fiscal 2023.
Does Fortinet carry debt?
Yes. Fortinet has $996.3 million (current and noncurrent combined) of Senior Notes outstanding as of December 31, 2025.
How is Fortinet different from CrowdStrike or SentinelOne on this site?
All three are cybersecurity companies, but this page covers Fortinet’s network security appliances (firewalls) and unified SASE platform — protecting network traffic and access — which is distinct from the endpoint-detection-and-response platforms of CrowdStrike and SentinelOne, which protect individual devices and workloads.
Is Fortinet stock currently Shariah compliant?
Zoya screens FTNT as Shariah-compliant and Musaffa classifies it as HALAL, both under AAOIFI-based methodologies (checked 2026-09-28). SaGeminieTech independently calculated all three AAOIFI-style ratios from the 10-K, SEC XBRL data and a same-day market-capitalization snapshot: debt/market cap 0.78%, cash+securities/market cap 3.00%, and non-permissible income 2.33% — all comfortably under commonly cited thresholds, with Zoya’s stated interest-income figure confirmed accurate. This is a screening summary, not a compliance certification — check a current, named screening source or a qualified Shariah adviser before relying on any status.
Conclusion
Fortinet is a network-security and unified SASE company whose fiscal 2025 revenue of $6,799.6 million and operating income of $2,084.7 million (company-reported) reflect continued growth in recurring service revenue alongside its integrated Fortinet Security Fabric platform and a substantial AI-related patent portfolio. That profile is balanced against $996.3 million of interest-bearing Senior Notes nearing maturity, a supply chain concentrated in Taiwan for hardware manufacturing, and a competitive network-security market that includes several large, well-resourced rivals. SaGeminieTech independently verified Fortinet’s Shariah-screening ratios against its own SEC filings, SEC XBRL data and a same-day market-capitalization snapshot, finding all three AAOIFI-style ratios comfortably under typical thresholds and confirming Zoya’s stated interest-income figure as accurate. The tools on this page — charts, financials, technical indicators and news — support ongoing research into Fortinet, but they do not replace a review of its official filings or independent financial, legal, tax or Shariah advice.
This page is informational and is not investment advice, a recommendation to buy, sell or hold any security, or a prediction of future returns. See SaGeminieTech’s Disclaimer.
