Fortinet FTNT Peer Comparison

NASDAQ FTNT
$156.29 -0.07 (-0.04%)
As of: Sep 4, 2026 · 3:59 PM EDT
Peer Comparison

144 Comparable Companies

Industry Cybersecurity Software

Fortinet, Inc. (FTNT) is the 7th largest of 144 Cybersecurity Software companies by market capitalisation, at 114.54 Bn, behind CrowdStrike Holdings, Inc. at 217.15 Bn. It trades on a P/E of 54.03, 69% above the peer median of 31.99. The table below compares all 144 on 8 financial metrics.

Download Data
# Ticker Company match industry_code industry_group industry_group_code Market Capitalization P/E P/S Enterprise Value
1 PANW Palo Alto Networks Inc primary T-38 Infrastructure Software TG-06 265.90 Bn 315.46 25.07 262.79 Bn
2 CRWD CrowdStrike Holdings, Inc. primary T-38 Infrastructure Software TG-06 217.15 Bn 2,757.46 40.24 212.14 Bn
3 FTNT Fortinet, Inc. primary T-38 Infrastructure Software TG-06 114.54 Bn 54.03 15.22 110.47 Bn
4 AXON Axon Enterprise, Inc. primary T-38 Infrastructure Software TG-06 41.85 Bn 209.96 13.00 41.17 Bn
5 ZS Zscaler, Inc. primary T-38 Infrastructure Software TG-06 27.01 Bn -399.30 9.00 23.50 Bn
6 FFIV F5, Inc. primary T-38 Infrastructure Software TG-06 22.25 Bn 30.63 6.72 20.65 Bn
7 RBRK Rubrik, Inc. primary T-38 Infrastructure Software TG-06 19.35 Bn -76.04 12.55 17.60 Bn
8 GEN Gen Digital Inc. primary T-38 Infrastructure Software TG-06 18.36 Bn 17.43 3.61 17.79 Bn
9 CHKP Check Point Software Technologies Ltd primary T-38 Infrastructure Software TG-06 14.71 Bn 14.03 5.32 12.43 Bn
10 S SentinelOne, Inc. primary T-38 Infrastructure Software TG-06 6.77 Bn -19.91 6.16 6.12 Bn
11 QLYS Qualys, Inc. primary T-38 Infrastructure Software TG-06 6.04 Bn 29.23 8.59 5.61 Bn
12 CVLT Commvault Systems Inc primary T-38 Infrastructure Software TG-06 5.67 Bn 83.08 4.67 4.74 Bn
13 NTSK Netskope Inc primary T-38 Infrastructure Software TG-06 5.67 Bn -9.68 7.06 4.60 Bn
14 VRNS Varonis Systems Inc primary T-38 Infrastructure Software TG-06 5.28 Bn -37.35 7.67 4.62 Bn
15 TENB Tenable Holdings, Inc. primary T-38 Infrastructure Software TG-06 3.80 Bn 562.91 3.64 3.50 Bn
16 CLBT Cellebrite DI Ltd. primary T-38 Infrastructure Software TG-06 2.79 Bn 47.47 5.42 2.50 Bn
17 ALRM Alarm.com Holdings, Inc. primary T-38 Infrastructure Software TG-06 2.79 Bn 23.64 2.63 2.31 Bn
18 RDWR Radware Ltd primary T-38 Infrastructure Software TG-06 1.21 Bn 71.63 3.82 1.10 Bn
19 RSKD Riskified Ltd. primary T-38 Infrastructure Software TG-06 1.02 Bn -65.55 2.77 0.91 Bn
20 RPD Rapid7, Inc. primary T-38 Infrastructure Software TG-06 0.74 Bn 36.57 0.86 0.03 Bn
21 SSTI Soundthinking, Inc. primary T-38 Infrastructure Software TG-06 0.08 Bn -5.50 0.81 0.07 Bn
22 WKEY Wisekey International Holding S.A. primary T-38 Infrastructure Software TG-06 0.07 Bn -12.19 3.84 0.07 Bn
23 VHC VirnetX Holding Corp primary T-38 Infrastructure Software TG-06 0.04 Bn -2.75 385.60 0.04 Bn
24 INTZ Intrusion Inc primary T-38 Infrastructure Software TG-06 0.02 Bn -1.47 1.93 0.02 Bn
25 CISO CISO Global, Inc. primary T-38 Infrastructure Software TG-06 0.01 Bn -2.09 0.43 0.01 Bn
26 FRQND Frequency Holdings, Inc primary T-38 Infrastructure Software TG-06 0.01 Bn 1.32 4.54 0.01 Bn
27 SDCH SideChannel, Inc. primary T-38 Infrastructure Software TG-06 0.01 Bn -6.23 -18.38 0.01 Bn
28 CYAB Cyabra, Inc. primary T-38 Infrastructure Software TG-06 0.01 Bn -0.25 0.86 0.00 Bn
29 CETX Cemtrex Inc primary T-38 Infrastructure Software TG-06 0.00 Bn -0.13 0.05 -0.01 Bn
30 SPCB SuperCom Ltd primary T-38 Infrastructure Software TG-06 0.00 Bn -12.53 0.12 -0.01 Bn
31 HCTI Healthcare Triangle, Inc. primary T-38 Infrastructure Software TG-06 0.00 Bn -0.50 0.09 0.00 Bn
32 SMX SMX (Security Matters) Public Ltd Co primary T-38 Infrastructure Software TG-06 0.00 Bn 0.00 — 0.00 Bn
33 AVGO Broadcom Inc. secondary T-01 Semiconductors TG-01 1,697.62 Bn 57.03 22.50 1,677.99 Bn
34 MA Mastercard Inc secondary F-25 Payments FG-07 511.31 Bn 31.45 14.57 497.82 Bn
35 CSCO Cisco Systems, Inc. secondary T-13 Computer Hardware TG-02 431.71 Bn 32.54 6.82 415.79 Bn
36 ANET Arista Networks, Inc. secondary T-12 Computer Hardware TG-02 243.48 Bn 60.20 23.10 230.13 Bn
37 EQIX Equinix Inc secondary T-44 Cloud Computing TG-07 102.36 Bn 66.90 10.44 100.14 Bn
38 NET Cloudflare, Inc. secondary T-45 Cloud Computing TG-07 98.54 Bn -477.71 39.22 94.37 Bn
39 GD General Dynamics Corp secondary I-02 Aerospace and Defense IG-01 96.94 Bn 21.61 1.77 92.61 Bn
40 MSI Motorola Solutions, Inc. secondary I-02 Aerospace and Defense IG-01 77.84 Bn 36.38 6.36 77.13 Bn
41 DDOG Datadog, Inc. secondary T-37 Infrastructure Software TG-06 75.67 Bn 426.10 19.08 70.68 Bn
42 HPE Hewlett Packard Enterprise Co secondary T-12 Computer Hardware TG-02 69.27 Bn 48.10 1.79 63.97 Bn
43 ROK Rockwell Automation, Inc secondary I-04 Machinery IG-02 48.26 Bn 44.24 5.38 47.78 Bn
44 CIEN Ciena Corp secondary T-13 Computer Hardware TG-02 45.44 Bn 103.68 8.16 44.24 Bn
45 UI Ubiquiti Inc. secondary T-13 Computer Hardware TG-02 35.10 Bn 36.55 10.72 34.48 Bn
46 CHT Chunghwa Telecom Co Ltd secondary C-01 Telecommunications CG-01 33.99 Bn 25.38 4.31 31.41 Bn
47 ERIC Ericsson Lm Telephone Co secondary T-13 Computer Hardware TG-02 33.70 Bn 12.90 1.39 14.20 Bn
48 SMCI Super Micro Computer, Inc. secondary T-12 Computer Hardware TG-02 23.82 Bn 10.67 0.61 16.30 Bn
49 FIS Fidelity National Information Services, Inc. secondary T-19 Business Applications TG-03 21.61 Bn 21.23 1.77 20.86 Bn
50 DT Dynatrace, Inc. secondary T-37 Infrastructure Software TG-06 15.19 Bn 100.32 7.25 14.08 Bn
51 AKAM Akamai Technologies Inc secondary T-45 Cloud Computing TG-07 15.18 Bn 36.95 3.51 11.83 Bn
52 SMTC Semtech Corp secondary T-02 Semiconductors TG-01 13.71 Bn 141.76 12.02 13.51 Bn
53 SAIL SailPoint, Inc. secondary T-39 Infrastructure Software TG-06 10.68 Bn -67.82 9.52 10.28 Bn
54 FROG JFrog Ltd secondary T-34 Infrastructure Software TG-06 10.66 Bn -198.38 17.77 9.84 Bn
55 ESTC Elastic N.V. secondary T-36 Infrastructure Software TG-06 9.61 Bn 25.58 5.33 8.15 Bn
56 AAOI Applied Optoelectronics, Inc. secondary T-13 Computer Hardware TG-02 8.61 Bn -154.50 14.44 8.11 Bn
57 MOB Mobilicom Ltd secondary I-02 Aerospace and Defense IG-01 8.45 Bn 0.00 0.00 8.44 Bn
58 GTLB Gitlab Inc. secondary T-34 Infrastructure Software TG-06 8.42 Bn -156.01 7.98 7.16 Bn
59 DOX Amdocs Ltd secondary T-13 Computer Hardware TG-02 6.91 Bn 15.11 1.49 6.70 Bn
60 LUMN Lumen Technologies, Inc. secondary C-02 Telecommunications CG-01 6.84 Bn -6.68 0.58 4.97 Bn
61 DXF Eason Technology Ltd secondary R-19 Property Developers RG-05 6.37 Bn -5,584.78 5,375.85 6.37 Bn
62 OTEX Open Text Corp secondary T-24 Workplace Software TG-04 5.97 Bn 9.28 1.14 5.01 Bn
63 ACIW Aci Worldwide, Inc. secondary T-54 Fintech TG-09 5.37 Bn 23.81 2.95 5.21 Bn
64 BDC Belden Inc. secondary I-07 Machinery IG-02 4.76 Bn 19.48 1.66 4.41 Bn
65 ONDS Ondas Inc. secondary I-02 Aerospace and Defense IG-01 3.81 Bn 23.32 21.87 2.42 Bn
66 ACRT CYBERLOQ TECHNOLOGIES, INC. secondary T-39 Infrastructure Software TG-06 3.41 Bn -3,321.63 — 3.41 Bn
67 FSLY Fastly, Inc. secondary T-45 Cloud Computing TG-07 3.25 Bn -39.98 4.72 2.91 Bn
68 CXT Crane NXT, Co. secondary I-04 Machinery IG-02 2.88 Bn 20.39 1.60 2.65 Bn
69 EXTR Extreme Networks Inc secondary T-13 Computer Hardware TG-02 2.87 Bn 40.18 2.24 2.66 Bn
70 AVPT AvePoint, Inc. secondary T-37 Infrastructure Software TG-06 2.83 Bn 30.44 6.06 2.41 Bn
71 NTCT Netscout Systems Inc secondary T-37 Infrastructure Software TG-06 2.69 Bn — — 2.02 Bn
72 DGII Digi International Inc secondary T-13 Computer Hardware TG-02 2.62 Bn 53.85 5.18 2.60 Bn
73 CALX Calix, Inc secondary T-13 Computer Hardware TG-02 2.30 Bn 44.87 2.07 2.10 Bn
74 NN Nextnav Inc. secondary T-13 Computer Hardware TG-02 2.15 Bn -17.11 514.18 2.15 Bn
75 ZD Ziff Davis, Inc. secondary C-07 Advertising and Media CG-02 2.04 Bn 3.09 1.54 0.43 Bn
76 DXC DXC Technology Co secondary T-63 Technology Services TG-11 1.91 Bn 14.05 0.15 -0.09 Bn
77 PRGS Progress Software Corp /Ma secondary T-34 Infrastructure Software TG-06 1.85 Bn 20.77 1.84 1.75 Bn
78 QUBT Quantum Computing Inc. secondary T-42 Infrastructure Software TG-06 1.80 Bn -120.34 183.46 1.80 Bn
79 ATEN A10 Networks, Inc. secondary T-13 Computer Hardware TG-02 1.77 Bn 41.20 5.71 1.41 Bn
80 VNET VNET Group, Inc. secondary T-44 Cloud Computing TG-07 1.71 Bn -4.98 1.11 0.72 Bn
81 SIFY Sify Technologies Ltd secondary T-44 Cloud Computing TG-07 1.58 Bn 556.94 4.10 1.58 Bn
82 VISN Vistance Networks, Inc. secondary T-13 Computer Hardware TG-02 1.46 Bn 0.20 6.55 1.35 Bn
83 HLIT Harmonic Inc. secondary T-13 Computer Hardware TG-02 1.28 Bn 590.59 3.72 1.05 Bn
84 MITK Mitek Systems Inc secondary T-39 Infrastructure Software TG-06 0.84 Bn 37.15 4.24 0.74 Bn
85 NABL N-able, Inc. secondary T-37 Infrastructure Software TG-06 0.76 Bn -110.17 1.44 0.65 Bn
86 VBNK VersaBank secondary F-02 Banking FG-01 0.70 Bn 24.63 6.49 0.70 Bn
87 JBI Janus International Group, Inc. secondary I-13 Construction Products IG-03 0.69 Bn 20.83 0.77 0.69 Bn
88 TCGLF TechCreate Group Ltd. secondary T-63 Technology Services TG-11 0.62 Bn -796.02 152.81 0.61 Bn
89 OSPN OneSpan Inc. secondary T-39 Infrastructure Software TG-06 0.62 Bn 9.09 2.52 0.58 Bn
90 CGNT Cognyte Software Ltd. secondary T-23 Business Applications TG-03 0.62 Bn 250.02 1.51 0.51 Bn
91 GILT Gilat Satellite Networks Ltd secondary T-13 Computer Hardware TG-02 0.60 Bn 19.33 1.23 0.44 Bn
92 NTGR Netgear, Inc. secondary T-13 Computer Hardware TG-02 0.58 Bn -14.84 0.83 0.31 Bn
93 ADTN ADTRAN Holdings, Inc. secondary T-13 Computer Hardware TG-02 0.58 Bn — — 0.50 Bn
94 OPTU Optimum Communications, Inc. secondary C-02 Telecommunications CG-01 0.47 Bn -0.10 0.06 -0.88 Bn
95 GOGO Gogo Inc. secondary C-03 Telecommunications CG-01 0.39 Bn 214.08 0.43 0.33 Bn
96 CLFD Clearfield, Inc. secondary T-13 Computer Hardware TG-02 0.39 Bn 122.43 2.54 0.29 Bn
97 TLS Telos Corp secondary T-22 Business Applications TG-03 0.36 Bn -22.81 1.85 0.31 Bn
98 RBBN Ribbon Communications Inc. secondary T-13 Computer Hardware TG-02 0.35 Bn -4.83 0.44 0.31 Bn
99 SCTH Securetech Innovations, Inc. secondary T-61 Robotics and Automation TG-10 0.34 Bn — — 0.34 Bn
100 ALLT Allot Ltd. secondary T-13 Computer Hardware TG-02 0.34 Bn 32.87 3.09 0.32 Bn
101 QNC Quantum eMotion Corp secondary T-42 Infrastructure Software TG-06 0.32 Bn — 357,770.16 0.32 Bn
102 ARQQ Arqit Quantum Inc. secondary T-42 Infrastructure Software TG-06 0.29 Bn — — 0.29 Bn
103 AUDC Audiocodes Ltd secondary T-13 Computer Hardware TG-02 0.29 Bn 18.78 1.16 0.23 Bn
104 XPER Xperi Inc. secondary T-33 Infrastructure Software TG-06 0.28 Bn -8.63 0.61 0.19 Bn
105 BKTI BK Technologies Corp secondary T-13 Computer Hardware TG-02 0.27 Bn 19.92 3.03 0.24 Bn
106 AVNW Aviat Networks, Inc. secondary T-13 Computer Hardware TG-02 0.26 Bn 100.54 0.58 0.18 Bn
107 SILC Silicom Ltd. secondary T-13 Computer Hardware TG-02 0.23 Bn -23.75 3.08 0.20 Bn
108 LTRX Lantronix Inc secondary T-13 Computer Hardware TG-02 0.21 Bn -68.51 1.75 0.15 Bn
109 CRNT Ceragon Networks Ltd secondary T-13 Computer Hardware TG-02 0.19 Bn -57.54 0.54 0.15 Bn
110 KORE KORE Group Holdings, Inc. secondary T-13 Computer Hardware TG-02 0.16 Bn -2.41 0.58 0.13 Bn
111 KVHI Kvh Industries Inc \De\ secondary C-03 Telecommunications CG-01 0.14 Bn -23.96 1.12 0.08 Bn
112 TCX Tucows Inc /Pa/ secondary T-46 Cloud Computing TG-07 0.12 Bn -1.31 0.30 0.08 Bn
113 CMCM Cheetah Mobile Inc. secondary T-24 Workplace Software TG-04 0.10 Bn -2.18 0.61 -0.09 Bn
114 FATN Fatpipe Inc/UT secondary T-13 Computer Hardware TG-02 0.08 Bn 15.29 4.11 0.08 Bn
115 ROC Rank One Computing Corp secondary T-41 Infrastructure Software TG-06 0.08 Bn -19.98 5.08 0.07 Bn
116 CSPI Csp Inc /Ma/ secondary T-12 Computer Hardware TG-02 0.08 Bn -116.77 1.40 0.05 Bn
117 LAES SEALSQ Corp secondary T-01 Semiconductors TG-01 0.07 Bn -2.05 3.85 -0.36 Bn
118 INSG Inseego Corp. secondary T-13 Computer Hardware TG-02 0.07 Bn 31.38 0.40 0.07 Bn
119 AIRG Airgain Inc secondary T-13 Computer Hardware TG-02 0.07 Bn -12.01 1.31 0.06 Bn
120 CTM Castellum, Inc. secondary T-63 Technology Services TG-11 0.06 Bn -24.55 1.06 0.06 Bn
121 IDN Intellicheck, Inc. secondary T-39 Infrastructure Software TG-06 0.06 Bn 17.95 2.34 0.04 Bn
122 CMTL Comtech Telecommunications Corp /De/ secondary T-13 Computer Hardware TG-02 0.05 Bn -0.72 0.10 0.02 Bn
123 SNT Senstar Technologies Corp secondary I-28 Business Services IG-06 0.04 Bn 45.83 1.05 0.03 Bn
124 NTIP Network-1 Technologies, Inc. secondary T-05 Semiconductors TG-01 0.04 Bn -21.74 — 0.00 Bn
125 FKWL Franklin Wireless Corp secondary T-13 Computer Hardware TG-02 0.03 Bn -28.45 0.83 0.00 Bn
126 IPM Intelligent Protection Management Corp. secondary T-63 Technology Services TG-11 0.02 Bn -6.65 0.98 0.02 Bn
127 UTSI Utstarcom Holdings Corp. secondary T-13 Computer Hardware TG-02 0.02 Bn -1.86 1.41 -0.01 Bn
128 NIXX Nixxy, Inc. secondary T-13 Computer Hardware TG-02 0.02 Bn -1.70 0.13 0.01 Bn
129 WYTC Wytec International Inc secondary T-13 Computer Hardware TG-02 0.02 Bn -5.41 568.70 0.02 Bn
130 MYSE Myseum.AI, Inc. secondary T-47 Internet Platforms TG-08 0.01 Bn -2.20 28,181.28 0.01 Bn
131 EBON Ebang International Holdings Inc. secondary T-01 Semiconductors TG-01 0.01 Bn -0.94 2.03 0.01 Bn
132 LZMH LZ Technology Holdings Ltd secondary C-04 Advertising and Media CG-02 0.01 Bn -0.40 0.05 0.01 Bn
133 DTST Data Storage Corp secondary T-13 Computer Hardware TG-02 0.01 Bn -2.14 0.39 0.01 Bn
134 AUID authID Inc. secondary T-39 Infrastructure Software TG-06 0.01 Bn -0.36 2.09 0.01 Bn
135 IOTR iOThree Ltd secondary T-13 Computer Hardware TG-02 0.01 Bn -5.41 0.39 0.00 Bn
136 PCLA PicoCELA Inc. secondary T-13 Computer Hardware TG-02 0.01 Bn -1.42 1.63 0.00 Bn
137 VEEA Veea Inc. secondary T-13 Computer Hardware TG-02 0.00 Bn -0.35 8.67 0.00 Bn
138 CYCU Cycurion, Inc. secondary T-63 Technology Services TG-11 0.00 Bn -0.23 0.27 0.00 Bn
139 CSAI Cloudastructure, Inc. secondary T-41 Infrastructure Software TG-06 0.00 Bn -0.38 0.68 0.00 Bn
140 CMBMF Cambium Networks Corp secondary T-13 Computer Hardware TG-02 0.00 Bn -0.13 0.02 0.00 Bn
141 OVTZ Oculus Inc. secondary T-22 Business Applications TG-03 0.00 Bn — — 0.00 Bn
142 CLRI Cleartronic, Inc. secondary T-26 Workplace Software TG-04 0.00 Bn 16.31 0.50 0.00 Bn
143 GLVT GREENLIT VENTURES INC. secondary I-26 Business Services IG-06 0.00 Bn — — 0.00 Bn
144 ASNS Actelis Networks Inc secondary T-13 Computer Hardware TG-02 0.00 Bn 0.00 0.20 0.00 Bn