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Fortinet, Inc. (FTNT) Corporate Logo

Fortinet, Inc. (FTNT) Stock Price & Analysis

Market: NASDAQ • Sector: Technology • Industry: Software - Infrastructure

Fortinet, Inc. (FTNT) Profile & Business Summary

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Key Information

Ticker FTNT
Exchange NASDAQ
Official Site https://www.fortinet.com
CIK Number 0001262039
View SEC Filings

Market Trend Overview for FTNT

One model, two time views: what the market looks like right now, and where the larger trend is heading over time.

Longer-Term Market Trend (Mid to Long Term)

Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-03-25 (ET)

As of 2026-03-25, FTNT is moving sideways with low volatility. Over the longer term, the trend remains bullish.

FTNT last closed at 78.89. The price is about 1.5 ATR below its recent average price (82.33), and the market is currently in a sideways market with low volatility. Price at 78.89 is moving between light support near 78.57 and light resistance near 79.72. Direction remains unclear. View Support & Resistance from Options

Price is moving in a tight range. This often leads to a stronger move once the range breaks, increasing one-sided risk.

Trend Alignment Summary

Trend score: 40 out of 100. Overall alignment is unclear. The market is currently in a sideways phase with tightening price movement. The longer-term trend is still positive, but short-term signals are not yet confirming it.

Key Risk Level

A key downside level is near 74.35. If price falls below this area, the current upward trend would likely weaken or break.

Recent Trend Signal

On 2026-03-20, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.

Unusual Price Movement

[2026-03-05] Price moved quickly and looked strong, but participation was limited.

Recent Price Behavior

Recent bars show mixed price behavior without a clear shift in structural quality or efficiency.

Overnight Positioning

Some late-day positioning was observed, but it lacked strong overnight commitment.

Next-day directional probability forecast Last updated: 2026-03-25 (ET)
FTNT is not currently in a trend-dominant environment, so the trend prediction model is not activated for this run.

NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history

Recent Cost Distribution Last updated: 2026-03-25 (ET)

This reading is based on the last 20 trading days of 15-minute price, volume, and VWAP data. Price is trading 3.9% below the recent estimated cost basis of 82.12, so the recent structure is still leaning under pressure. Price is below the main cost band (82.84 to 84.48), and roughly 95% of recent positioning remains under water. That means rebounds can still run into supply from trapped holders. The higher up selling area sits around 79.58 to 80.36, and overhead supply looks fairly concentrated there. From a trading point of view, this setup remains tougher until price can reclaim the lower edge of the main cost band near 82.84.

Short Interest & Covering Risk for FTNT

This analysis looks at overall short interest positioning, focusing on the broader setup rather than short-term noise.

Squeeze Score 0.87

Shows how likely a short squeeze may be under current market conditions.

Key Market Risk Indicators
Short Crowding (Short Interest / Float) 2.90%
Short Positions Trend Increasing
Liquidity Trend (Average Daily Volume) -8.45%
20-Day Return 1.99%
Price vs 20-Day High Below Recent Highs

Short Exposure Percentile

Short interest is within its typical range, with no clear imbalance between buyers and sellers. (Historical percentile: 50%)

Structure Analysis

FTNT Short positioning looks normal. Current days to cover is 3.0 trading days, meaning short positions could unwind at a normal pace. Short covering is likely to have a normal impact on price moves. No meaningful structural fragility is currently detected (Fragility Score 13/100, DTC percentile 75%) with short positioning continuing to expand and liquidity softening modestly (volume -8%).

Risk Summary

No clear bull trap characteristics detected. Recent price behavior remains broadly consistent with current positioning.This reading helps confirm that current price action remains structurally healthy and does not indicate elevated trap risk.

Why Price Reactions May Be Stronger?

Days-to-Cover is elevated versus its own history, but absolute short interest remains moderate. In the latest reporting period, short interest continues to increase. Adaptive thresholds applied to liquidity weakness, near-high detection, and compression sensitivity. As a result, similar news or market events could lead to price moves about 1× larger than usual.


Note: Short interest data is reported every two weeks by FINRA. The most recent snapshot is 2026-02-27 (ET).
Because this data updates slowly, it is not intended to predict short-term price moves. Instead, it helps describe longer-term market structure and where pressure may be building if prices begin to move.

Analytical Modules