FortiGate platform drives Fortinet's product growth, with increasing revenues and performance

From Zacks Investment Research: 2025-06-30 14:06:00

Fortinet’s FortiGate platform drives hardware adoption and secure networking expansion, leading customers to integrate other FTNT offerings. The new FortiGate 700G boosts performance and efficiency, enhancing FTNT’s enterprise appeal. In Q1 2025, product revenues grew 12% YoY to $459 million, with FortiGate hardware as the main driver. FTNT faces competition from Palo Alto Networks and Check Point Software, but continues to innovate. FTNT shares have risen 11.1% YTD, with a Value Score of F. The Zacks Consensus Estimate for Q2 2025 earnings is 59 cents per share, showing 3.51% YoY growth. FTNT currently holds a Zacks Rank #3 (Hold).



Read more at Zacks Investment Research: What Makes FortiGate the Core Driver of Fortinet’s Product Growth? – June 30, 2025