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Fortinet Inc (FTNT) — chart, structure and Closelooknet read

The Closelooknet read

Fortinet builds security systems that combine networking and protection in one platform, including firewalls, secure web gateways and endpoint tools, sold to organisations worldwide. Its FortiGate hardware uses purpose-built processors to inspect traffic at speed, and its FortiGuard unit supplies threat intelligence that feeds the rest of the product line.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

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Signals for this name

Every Closelooknet reading that exists for FTNT, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index Agentic Ecosystem Index — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Agentic Ecosystem Index · as of 2026-11-06

DayWeekMonth3 months
FTNT−3.0%−12.7%−37.2%−27.6%
Agentic Security−2.1%−12.3%−15.8%—
Agentic Ecosystem Index+2.4%−10.5%−19.6%—

Against the index: 2.2 pts behind on the week, 17.6 pts behind on the month; against its Agentic Security sleeve 21.4 pts behind on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 3 pieces · newest: Midday 10, “Rates — the 10-year hits 5.01%: Dow −0.9%, Russell −1.2%, the AI sort pauses, Oracle and Adobe hold their lines” (2026-09-15)

Mentioned on Closelooknet

Where FTNT appears in the diary — 3 pieces, newest first. Every link is our own writing.

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 47/100 · S&P 500 fund at 48, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-06
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 60th percentile of the window, -22.8% over 20 sessions. Factor regime → 2026-11-06
  • Sector × region Technology in US: −8.2% week · −16.7% month · −11.5% quarter · +6.7% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-11-07
  • Sovereign pressure Index -1.91 · down 2.45 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-06
How it trades on rate days beta −0.38 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How FTNT has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year −0.38 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), Fortinet Inc moved −0.38% on average · correlation −0.08 · higher than 5% of US names
  • Beta, last 3 months −0.82 less rate-sensitive lately than over the year
  • On the 10 worst bond days +0.34% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.04% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Network security · 4 names with week and year-to-date

Peer group

Network security

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against FTNT on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — Fortinet Inc

FTNT in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Fortinet builds security systems that combine networking and protection in one platform, including firewalls, secure web gateways and endpoint tools, sold to organisations worldwide. Its FortiGate hardware uses purpose-built processors to inspect traffic at speed, and its FortiGuard unit supplies threat intelligence that feeds the rest of the product line. It also sells cloud-based access and detection tools aimed at securing distributed networks and connected devices. The company is based in Sunnyvale, California.
Where it sits in the stack
Fortinet carries no seat in Rubin or Halo, the diary's build-out indices, so it sits instead in our wider technology universe under the network security sleeve, alongside the other perimeter and endpoint vendors the desk follows outside the AI stack itself.
Who it is priced against
Closelooknet's peer group prices it against network security names — Palo Alto Networks, Check Point, CrowdStrike and Zscaler — the set the market uses to judge Fortinet rather than its broader software sector.
Why Closelooknet tracks it
It holds a Nasdaq-100 seat and carries a Closelooknet score, with momentum the strongest of its modules and valuation the weakest; the Midday 10 has quoted it inside broader security-sector moves, and the Daily Pulse has named it among vendors it tracks for agent governance.
What the diary watches
Whether the valuation module narrows its gap to momentum if security-sector buying broadens beyond the faster-growing names it is grouped with.

Fortinet Inc (FTNT) trades on US exchanges, classified under Technology.

The Closelooknet company score reads 61/100 composite (momentum 48, quality 92, valuation 27) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 8 analyst actions on the wire · latest: price target by Scotiabank, 2026-10-29 · last print 2026-10-28

The Street on this name

Analyst actions and the latest print for FTNT from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target Scotiabank — target 140 from 163 Target cut to $140 from $163 (+2.3% to spot) 2026-10-29
  • Price target RBC Capital — target 165 from 205 Target cut to $165 from $205 (+22.7% to spot) 2026-10-29
  • Price target Deutsche Bank — target 130 from 160 Target cut to $130 from $160 (-4% to spot) 2026-10-29
  • Latest print EPS 0.91 against 0.86 expected — a +5.8% beat 2026-10-28

8 actions on the analyst wire since 2026-08-13: 1 downgrade, 7 target changes. Analyst wire → · Earnings wire →

Dividends and capital return no distribution in twelve months · buybacks 2.29 bn USD in FY2025

Dividends and capital return

What FTNT pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Buybacks, FY2025 2.29 bn USD 2.4% of today's market value
  • Share count −0.9% in FY2025 280 m USD of stock-based compensation in the year
  • Capital returned 2.29 bn USD · 103% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-07

Quick answers

What is Fortinet Inc (FTNT)?

Fortinet Inc trades as FTNT on the US exchange (US) and is classified under Technology in the Closelooknet research universe, as of the registry build of 2026-11-07.

Is FTNT in a Closelooknet index?

Not currently — Fortinet Inc is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-07.

What is Fortinet Inc's Closelooknet composite score?

61 out of 100, with momentum 48, quality 92 and valuation 27 sub-scores, as of 2026-11-07. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does FTNT trade against its moving averages?

Fortinet Inc trades 27.6% below its 50-day and 5.3% below its 200-day moving average (25.9% below its 20-day). As of 2026-11-05 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is FTNT doing against its Closelooknet index?

Over the past month Fortinet Inc is −37.2% against −19.6% for the Agentic Ecosystem Index — 17.6 points behind its index, as of 2026-11-06. Its Agentic Security sleeve is −15.8% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does Fortinet Inc compare with its peers?

Against its peer group (Network security), Fortinet Inc (FTNT) sits 37.9% below its 52-week high, 27.6% below its 50-day average; Palo Alto Networks Inc (PANW) is 27.2% below, Check Point Software Technologies Ltd (CHKP) is 30.2% below, Crowdstrike Holdings Inc (CRWD) is 24.3% below, as of 2026-11-05. Put any of them next to FTNT in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Fortinet Inc trade when bond yields rise?

Over the past year Fortinet Inc had a beta of −0.38 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 5% of US names. On the 10 sessions in which long bonds fell most it moved +0.34% on average, against −0.74% for the S&P 500. As of 2026-11-06; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about Fortinet Inc?

Fortinet Inc appears in 3 Closelooknet pieces as of 2026-11-07, most recently Midday 10: Rates — the 10-year hits 5.01%: Dow −0.9%, Russell −1.2%, the AI sort pauses, Oracle and Adobe hold their lines (2026-09-15); Midday 10: AI trade — the pacing call splits tech: chips −5%, software +4.5%, security +12–15%, 10-year hits 5% (2026-09-14); Daily Pulse: From Silicon Scarcity to Software Scarcity: The Next AI Bottleneck Is Permission to Act, and the Market Graded It This Week (2026-09-03). What Closelooknet said most recently: Security keeps the bid on day two: CrowdStrike +2.9% to $242.15, SentinelOne +2.3%, Zscaler +1.8% to $195.14, ServiceNow +1.9%, Okta +1.0%, Salesforce +0.7%, Cloudflare +0.7%, Fortinet +0.6%, Palo Alto +0.5% — the software ETF flat at… (Midday 10, 2026-09-15). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does Fortinet Inc do?

Fortinet builds security systems that combine networking and protection in one platform, including firewalls, secure web gateways and endpoint tools, sold to organisations worldwide. Its FortiGate hardware uses purpose-built processors to inspect traffic at speed, and its FortiGuard unit supplies threat intelligence that feeds the rest of the product line. It also sells cloud-based access and detection tools aimed at securing distributed networks and connected devices. Closelooknet's peer group prices it against network security names — Palo Alto Networks, Check Point, CrowdStrike and Zscaler — the set the market uses to judge Fortinet rather than its broader software sector. (Company snapshot of 2026-09-17.)

Where does Fortinet Inc sit in the AI build-out?

Fortinet carries no seat in Rubin or Halo, the diary's build-out indices, so it sits instead in our wider technology universe under the network security sleeve, alongside the other perimeter and endpoint vendors the desk follows outside the AI stack itself. It holds a Nasdaq-100 seat and carries a Closelooknet score, with momentum the strongest of its modules and valuation the weakest; the Midday 10 has quoted it inside broader security-sector moves, and the Daily Pulse has named it among vendors it tracks for agent governance. (Company snapshot of 2026-09-17.)

Does Fortinet Inc pay a dividend?

No cash distribution shows in Fortinet Inc’s price series over the last three years. In fiscal 2025 the company bought back 2.29 bn USD of its own shares, 103% of that year’s free cash flow. The share count fell 0.9% over the fiscal year. As of 2026-11-06; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on Fortinet Inc recently?

The most recent analyst action on Fortinet Inc on the Closelooknet wire is a price target by Scotiabank on 2026-10-29 (target 140 from 163). 8 actions on the analyst wire since 2026-08-13: 1 downgrade, 7 target changes. Its latest earnings print on the wire, 2026-10-28: EPS 0.91 against 0.86 expected — a +5.8% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for FTNT, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

then Software - Infrastructure. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.