Fortinet · Tech
FTNT
$161.61
Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California.飞塔公司（Fortinet,Inc.）是一家美国网络安全公司，总部位于加利福尼亚州桑尼韦尔。
Broken growth成长受损
Large cap大盘
$120B
Engine stance引擎立场2026-07-20
Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤
Stretched/late — protect gains and don't start new positions; let the next low set up first.已拉伸／晚期——保护利润，不要新开仓；先等下一个低点构筑成形。
Key Statistics关键统计
Price价格
$161.61
3.1% below 52-week high低于52周高点 3.1%
Market Cap市值
$120B
Normal volume正常成交量
P/E Ratio市盈率
64.8x
40.2x sector median
Beta贝塔
1.06
Moves about 1.1x the market波动幅度约为市场的 1.1 倍
RSI (14)RSI（14）
60
Elevated偏高
Next Earnings下次财报
2026-08-05 (17d)
Volatility Rank波动率分位
64th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
2.0% of float
Performance价格表现
| Period周期 | FTNT | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | +2.6% | -1.5% | Beat the index by 4.1 points跑赢指数 4.1 个百分点 |
| 1 Month近1月 | +12.1% | +0.6% | Beat the index by 11.5 points跑赢指数 11.5 个百分点 |
| 3 Months近3月 | +97.5% | +4.7% | Beat the index by 92.8 points跑赢指数 92.8 个百分点 |
| 6 Months近6月 | +114.4% | +7.8% | Beat the index by 106.6 points跑赢指数 106.6 个百分点 |
| Year to date年初至今 | +107.5% | +9.1% | Beat the index by 98.4 points跑赢指数 98.4 个百分点 |
| 1 Year近1年 | +54.0% | +19.4% | Beat the index by 34.6 points跑赢指数 34.6 个百分点 |
Technicals技术面
RSI (14)RSI（14）
60
Elevated偏高
vs 50-day相对50日均线
+13.9% vs 50-day avg
vs 200-day相对200日均线
+66.5% vs 200-day avg
Volatility rank波动率分位
64th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$158.70
Don't chase above不追高于
$161.60
Stop止损
$144.10
Topping — protect gains见顶 — 保护利润
Earnings财务业绩
17
days until next report天后公布财报
2026-08-05
Estimates being raised — 39 analysts预期上调 — 39 位分析师
Post-earnings drift: +35.4% (20d)财报后漂移：+35.4%（20日）
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Valuation估值
| Multiple指标 | FTNT | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 64.79x | 40.17 | 31% |
| P/B市净率 | 97.03x | 5.85 | 1% |
| P/S市销率 | 17.66x | 4.85 | 8% |
| Earnings yield盈利收益率 | 1.54% | 2.19 | 41% |
| FCF yield自由现金流收益率 | 1.85% | 3.05 | 32% |
| Shareholder yield股东收益率 | 1.91% | 2.16 | 46% |
| EV/EBITDA企业价值/EBITDA | 53.01x | 29.30 | 29% |
| P/FCF市值/自由现金流 | 53.95x | 30.46 | 26% |
Analyst price targets — coming soon分析师目标价 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 21.3%
Earnings Per Share每股收益
5yr CAGR5年复合增速: -3.6%
Free Cash Flow自由现金流
Margins利润率
149.8%Return on Equity股本回报率
17.8%Return on Assets资产回报率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | -0.67 |
| Current ratio流动比率 | 1.17 |
Capital Allocation资本配置
| Buybacks (TTM)回购（TTM） | $2.3B |
| Stock-based comp股权薪酬 | $279.5M |
| Share count change (1y)股数变化（1年） | -3.1% |
Piotroski皮奥特罗斯基 6/9
Altman Z阿尔特曼Z: safe (9.2)
Watch关注
Snapshot Gauges综合指标
Valuation vs Sector估值相对行业
Expensive vs sector相对行业偏贵
Cheaper than 20% of its sector on blended multiples综合估值倍数低于行业内 20% 的公司
Beta市场敏感度
1.06×
0.21×3×
Moves about 1.1× the market波动幅度约为市场的 1.1 倍
Financial Health财务健康
6/9
Altman阿尔特曼: safe
Adequate financial health财务健康状况一般
Dividend分红
—
Does not pay a dividend不派发股息
Why Is It Moving为何波动
Sector / Theme行业/主题
Cybersecurity theme — #1 of 46 themes「网络安全」主题 — 46 个主题中第 1 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Short interest changed -19.9%空头仓位变动 -19.9%
Technical技术面
FTNT made a new 52-week highFTNT 创52周新高
Options Positioning期权持仓
Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡
Expected daily move预期日波动
±4.78%
Expected weekly move预期周波动
±10.69%
Call wall看涨密集区
$170
Put wall看跌密集区
$155
Gamma flip伽玛翻转
$159
25d risk reversal25d风险逆转
1.3%
Flow资金流向
$8M premium traded; 0% 0DTE; 27 fresh positions; P/C 1.03; ~leans bearish/hedging (direction approx)成交权利金 $8M；0DTE占0%；27个新建仓；看跌看涨比 1.03；≈偏看跌/对冲（方向近似）
Skew: 偏斜：greed
Ownership & Smart Money持仓与聪明钱
Insider activity内部人员活动: -$56.3M net (0 buyers, 3 sellers)-$56.3M 净值（0 买家，3 卖家）
Signal History信号历史
TOP WATCH
NEARING A HIGH
Jul 14, 2026
FTNT made a new 52-week highFTNT 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $166.83.价格创出52周新高 — 全市场关注的动量/趋势极值。$166.83。
Jul 9, 2026
FTNT made a new 52-week highFTNT 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $163.73.价格创出52周新高 — 全市场关注的动量/趋势极值。$163.73。
Jul 7, 2026
FTNT daily MACD crossed downFTNT 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $158.67.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$158.67。
Jul 6, 2026
FTNT made a new 52-week highFTNT 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $162.35.价格创出52周新高 — 全市场关注的动量/趋势极值。$162.35。
Jul 6, 2026
FTNT daily MACD crossed upFTNT 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $162.35.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$162.35。
Jul 6, 2026
FTNT RSI reached overboughtFTNT RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $162.35.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$162.35。
Jul 1, 2026
FTNT made a new 52-week highFTNT 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $158.98.价格创出52周新高 — 全市场关注的动量/趋势极值。$158.98。
Jul 1, 2026
FTNT RSI reached overboughtFTNT RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $158.98.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$158.98。
Jun 29, 2026
FTNT RSI reached overboughtFTNT RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $155.42.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$155.42。
Jun 26, 2026
FTNT StochRSI turned up from oversoldFTNT StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $151.35.StochRSI重回20上方 — 下行动量趋缓的最早预警。$151.35。
Showing last 15 of显示最近15条，共 102 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: 0.18
Value价值
-1.1
Profitability盈利能力
+1.2
Quality质量
+1.8
Investment资本投入
+0.1
Shareholder payout股东回报
-0.5
Low volatility低波动
-0.4
Low market beta低市场敏感度
-0.3
Earnings quality盈利质量
+0.4
Short interest空头兴趣
+1.1
Company Profile公司档案
Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California.飞塔公司（Fortinet,Inc.）是一家美国网络安全公司，总部位于加利福尼亚州桑尼韦尔。
Demand chain:需求链： Contracted bookings (RPO) accelerating (+12% YoY to ~$7B, 1.1× revenue) — signed demand locked in ahead of recognition已签约订单（RPO）加速（同比+12%，约 $7B，覆盖营收 1.1 倍）——已锁定、尚未确认的需求
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Margin compression despite revenue growth
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