If You Invested $1000 in Fortinet 10 Years Ago, This Is How Much You'd Have Now

For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.

Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.

What if you'd invested in Fortinet (FTNT) ten years ago? It may not have been easy to hold on to FTNT for all that time, but if you did, how much would your investment be worth today?

Fortinet's Business In-Depth

With that in mind, let's take a look at Fortinet's main business drivers.

Headquartered in Sunnyvale, CA, Fortinet, Inc. is a leader in cybersecurity, driving the convergence of networking and security. It provides integrated security solutions to enterprises, service providers and government entities across 100 countries.

Its integrated platform, the Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and AI-driven security operations (SecOps). The platform incorporates FortiOS, its proprietary networking and security operating system, and FortiASIC, custom application-specific integrated circuits, to deliver superior security performance while reducing network complexity and total cost of ownership.

Through its products and subscription services, the company provides converged protection against dynamic security threats while simplifying IT security infrastructure. Its solutions defend against multiple attack categories without impacting network performance, enabling customers to implement security policies on traffic between internal and external networks.

Its flagship offering includes the FortiGate product line and FortiGuard security subscription services. In 2025, Fortinet was recognized as a Leader in the inaugural Gartner Magic Quadrant for Hybrid Mesh Firewall and for SASE Platforms, and launched its Secure AI Data Center solution. Unified SASE and SecOps billings grew 24% year over year.

Products and services are sold through a two-tier distribution model via distributors including Exclusive Networks, Ingram Micro, Arrow Electronics and TD Synnex. The company serves well over half a million customers worldwide, including roughly 80% of Fortune 100 companies.

Fortinet reported revenues of $6.8 billion in 2025, up 14% from 2024. Product revenue was $2.22 billion, up 16%, while service revenue of $4.58 billion grew 13% year over year.

The company faces significant competition from Palo Alto Networks, CyberArk, Qualys and Cisco in network security and cloud security.

Bottom Line

While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Fortinet ten years ago, you're probably feeling pretty good about your investment today.

According to our calculations, a $1000 investment made in August 2016 would be worth $24,198.88, or a gain of 2,319.89%, as of August 28, 2026, and this return excludes dividends but includes price increases.

The S&P 500 rose 256.42% and the price of gold increased 235.26% over the same time frame in comparison.

Going forward, analysts are expecting more upside for FTNT.

Fortinet shares are benefitting from a strong product roadmap built on FortiOS 8.0, AI-driven security, next-generation SASE, quantum-safe capabilities and new FortiGate 3500G/400G firewalls. Total 2Q'26 revenues grew 26% year-over-year, product revenue surged 52% to $773 million and total billings rose 33% to $2.37 billion. Non-GAAP operating margin reached a record 38% and free cash flow nearly tripled year over year to $966 million. Building on this momentum, Fortinet raised its full-year 2026 revenue guidance to $8.02-$8.18 billion, implying about 19% growth, and its non-GAAP EPS outlook to $3.41-$3.47. However, Fortinet continues to face risks from competitive and pricing pressure, longer sales cycles, reduced IT spending, tariffs, trade barriers and geopolitical uncertainty, all of which could affect growth and margins.

The stock is up 12.01% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 13 higher, for fiscal 2026. The consensus estimate has moved up as well.

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This article originally published on Zacks Investment Research (zacks.com).

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