Comparison between Fortinet and Cisco Systems in network security market

From Nasdaq: 2025-05-16 12:05:00

Fortinet (FTNT) and Cisco Systems (CSCO) are major players in the network security market, with FTNT focused on security solutions and CSCO offering a blend of security and networking products. The network security market is projected to reach $42.93 billion by 2030, presenting growth opportunities for both companies.

Fortinet (FTNT) showcased strong momentum in network security in Q1 2025, with leadership in firewall deployments and secure networking. The company reported double-digit growth in FortiGate hardware revenues and a significant expansion of its unified SASE platform, driving customer adoption and market share growth.

Cisco Systems (CSCO) saw a rise in security orders in Q3 of fiscal 2025, driven by product innovation and customer demand. The company also experienced growth in enterprise networking, particularly through partnerships like Nvidia. Despite positive momentum, Cisco faces challenges with slower growth and macroeconomic uncertainties.

FTNT has outperformed CSCO in stock performance this year, with a forward P/S ratio of 11.16X compared to CSCO’s 4.38X. While FTNT is trading at a premium, it reflects investor confidence in the company’s growth potential. On the other hand, CSCO’s valuation hints at cautious market sentiment due to near-term performance concerns.

FTNT’s 2025 earnings estimate is $2.47 per share, with a 4.22% increase year over year. CSCO’s fiscal 2025 earnings estimate is $3.73 per share, showing no change year over year. Both companies offer investment opportunities, but FTNT’s focused growth strategy and strong performance make it a more compelling choice in 2025.



Read more at Nasdaq: FTNT vs. CSCO: Which Network Security Giant is the Better Investment?