Fortinet Inc
FTNT
Market Cap$60.36B
Close$
Earnings Call Q2 2025
August 6, 2025 - AI Summary
Strong Financial Performance: Fortinet reported a 15% growth in total billings to $1.78 billion and a 14% growth in revenue to $1.63 billion for Q2 2025. Non-GAAP operating margin stood at 33%, reflecting robust operational efficiency, exceeding guidance.
Positive Outlook for Full Year: The company raised its full-year billings guidance by $100 million, now expecting a range of $7.325 to $7.475 billion, indicating confidence in continued growth driven by strong product sales and increased customer engagement.
SASE Growth and Market Leadership: Unified SASE and SecOps billings grew by 21% and 31%, respectively, and now make up a combined 35% of total billings. Fortinet was recognized as a leader in the Gartner Magic Quadrant for SASE platforms, emphasizing its innovation and market positioning.
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$131.44
71.6% upside
Current Fair Value
71.6% upsideUndervalued by 71.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $60.36 Billion |
|---|---|
| Enterprise Value | $61.40 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $2.28 |
| Beta | 1.08 |
| Outstanding Shares | 766,900,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 31.14 |
|---|---|
| PEG | 196.17 |
| Price to Sales | 9.57 |
| Price to Book Ratio | 38.29 |
| Enterprise Value to Revenue | 9.69 |
| Enterprise Value to EBIT | 27.95 |
| Enterprise Value to Net Income | 31 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 2.14 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Fortinet Inc
CEO: Ken Xie