---
title: "FTNT Fortinet"
canonical: "https://supercyclehq.com/stock/fortinet"
type: "stock"
dataAsOf: "2026-11-06"
ticker: "FTNT"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Fortinet (FTNT)

Fortinet is a cybersecurity company.

## AI Exposure Score

**25/100, Peripheral.** Sells firewalls and security subscriptions with FortiAI and ML-driven threat intelligence to enterprises. AI is embedded product technology, and growth follows network security spending rather than AI infrastructure demand.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $118.84 |
| Change 1d | -3.00% |
| Change 7d | -12.67% |
| Change 30d | -37.15% |
| Change 1y | +45.30% |
| 52-week high | $194.75 |
| 52-week low | $75.23 |
| Market cap | $87.3B |
| P/E | 38.84 |
| EPS | $3.06 |
| Next earnings | 2026-10-28 |

Quote as of 2026-11-06.

## Company

| Field | Value |
| --- | --- |
| Exchange | NASDAQ |
| Sector | Technology |
| Headquarters | Sunnyvale, California |
| CEO | Ken Xie |
| Employees | 15,540 |
| Website | https://www.fortinet.com |
| Buildout layers | [Cybersecurity AI](https://supercyclehq.com/category/cybersecurity-ai) |

## What the company does

Fortinet is a cybersecurity company. It sells firewalls and the security subscriptions that keep them current, protecting enterprise networks from threats. Revenue comes from hardware, software, and recurring security services across its Security Fabric platform.

AI and machine learning run throughout that platform: FortiAI applies AI to threat detection and response, FortiGuard AI powers its threat intelligence services, FortiNDR detects network threats using machine learning, and its AI-powered SOC tools help security teams respond faster.

Founded in 2000 and headquartered in Sunnyvale, California, Fortinet trades on the NASDAQ and employs roughly 15,500 people.

## Role in the AI buildout

Fortinet sits in the Cybersecurity AI layer of the buildout. AI is embedded technology across its Security Fabric, from FortiAI detection to machine-learning-driven threat intelligence, making its products smarter without changing what customers are buying. Growth follows enterprise network security spending rather than AI infrastructure demand, which is why Supercycle scores its AI exposure at 25 out of 100.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Terry Smith](https://supercyclehq.com/investors/terry-smith) | Fundsmith | $557.6M | 4.09% | trimmed | 2026-06-30 |

## Recent news

- [Fortinet (FTNT) Unveiled Two New Security Services](https://finance.yahoo.com/technology/ai/articles/fortinet-ftnt-unveiled-two-security-201418648.html?.tsrc=rss) (source, 2026-11-05)
- [Fortinet (FTNT) Stock May Be 11% Undervalued Following Service Outlook Cut](https://finance.yahoo.com/markets/stocks/articles/fortinet-ftnt-stock-may-11-141233333.html?.tsrc=rss) (source, 2026-11-05)
- [Fortinet and Equinix Secure Distributed AI at Scale](https://finance.yahoo.com/technology/ai/articles/fortinet-equinix-secure-distributed-ai-140000976.html?.tsrc=rss) (source, 2026-11-05)
- [ETFs Are Net Sellers of Fortinet (FTNT) on Nov. 3](https://finance.yahoo.com/markets/stocks/articles/etfs-net-sellers-fortinet-ftnt-110258510.html?.tsrc=rss) (source, 2026-11-05)
- [Should Twilio Stock Holders Look At Fortinet Instead?](https://www.trefis.com/stock/twlo/articles/622283/should-twilio-stock-holders-look-at-fortinet-instead/2026-11-04?.tsrc=rss) (source, 2026-11-04)

## FAQ

### What does Fortinet do?

Fortinet sells firewalls and security subscriptions that protect enterprise networks. Revenue comes from hardware, software, and recurring threat intelligence services across its Security Fabric platform.

### How is Fortinet exposed to AI?

AI is embedded across its threat detection and response products, but growth follows network security spending rather than AI infrastructure demand. Supercycle rates its AI Exposure Score at 25 out of 100.

### What are Fortinet's main AI products?

FortiAI for AI-driven threat detection and response, FortiGuard AI threat intelligence, FortiNDR for network detection using machine learning, and AI-powered SOC tools for security teams.

### Is FTNT a pure play AI stock?

No. Fortinet is a network security vendor where AI is embedded product technology. Its score of 25 out of 100 reflects AI as capability rather than the demand driver.

### Where is Fortinet based and who leads it?

Fortinet is headquartered in Sunnyvale, California, and is led by co-founder and CEO Ken Xie. Founded in 2000, it employs roughly 15,500 people and trades on the NASDAQ.

---

Source: https://supercyclehq.com/stock/fortinet. Data as of 2026-11-06. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.