# FTNT · Fortinet, Inc. Snapshot 2026-10-26 · CIK 0001262039 · Nasdaq · Computer Peripheral Equipment, Nec Price 179.99 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 132.06 B Machine-readable: https://theclaudetrader.com/s/FTNT.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 49.2 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 22, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 6.8 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 1.28 · threshold >= 2.0 · points 4.2/15 - 2b Long-term debt vs working capital: 0.36 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 10 of 10 · threshold 10 of 10 · points 15.0/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: 0.03 -> 2.05 (+7979%) · threshold >= +33% · points 10.0/10 - 6 P/E on 3-year average EPS: 87.9 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 85.14, product 7487.5 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 179.99 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 6799600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - current_assets: 6208300000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - current_liabilities: 4840800000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - lt_debt: 496900000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - equity: 1551100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - Net income FY2016: 32200000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203919000006/ · unverified - Net income FY2017: 31400000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203920000011/ · unverified - Net income FY2018: 334900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ · unverified - Net income FY2019: 331700000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ · unverified - Net income FY2020: 488500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - Net income FY2021: 606800000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Net income FY2022: 857300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Net income FY2023: 1147800000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2024: 1745200000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2025: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FTNT/history?filter=div · unverified - EPS diluted FY2014: 0.03 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203917000008/ · unverified - EPS diluted FY2015: 0.01 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203918000009/ · unverified - EPS diluted FY2016: 0.036 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203919000006/ · unverified - EPS diluted FY2023: 1.46 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - EPS diluted FY2024: 2.26 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - EPS diluted FY2025: 2.42 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Shares outstanding: 733713653.0 · 2026-07-28 · SEC cover page 10-Q 0001262039-26-000021 (733,713,653 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/R1.htm ### Magic Formula: 35.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula - Earnings yield (EBIT/EV): 1.88 % · threshold · points / - Return on capital (EBIT/(NWC+PPE)): 79.63 % · threshold · points / - Combined rank: 225 · threshold · points / Inputs: - operating_income: 2084700000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ - operating_income_q: 580000000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000013/ - operating_income_q: 453800000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000013/ - operating_income_q: 689300000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - operating_income_q: 458000000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - current_assets: 6208300000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - current_liabilities: 4840800000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - cash: 2934900000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - ppe_net: 1699500000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - lt_debt: 496900000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - debt_lt_current: 0.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ - shares_out: 733713653.0 · 2026-07-28 · SEC cover page 10-Q 0001262039-26-000021 (733,713,653 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/R1.htm - Price (close): 179.99 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · - note: debt = LongTermDebtNoncurrent + LongTermDebtCurrent · · · ### Momentum: 84.3 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 110.5 % · threshold · points 48.3/50 - 6 month return: 117.5 % · threshold · points 19.9/20 - Price / 52-week high: 0.924 · threshold · points 13.9/15 - Volatility penalty (60d annualised): 46.3 % · threshold · points 2.2/15 Inputs: - Adjusted close series (14 months): 179.99 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold · points -0.0/0 Inputs: - excluded 2026-09-24 S: 10b5-1 plan · · rule · - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-09-14 S: 10b5-1 plan · · rule · - excluded 2026-09-14 S: 10b5-1 plan · · rule · - excluded 2026-08-04 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · - excluded 2026-08-03 S: 10b5-1 plan · · rule · ### Buffett Quality: 85.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 44, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 76.4% over 6 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 10 of 10 · threshold all years · points 15.0/15 - 3 Net income growth, 3-yr average now vs start of window: +42.5% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 0.3 years · threshold <= 4 · points 15.0/15 - 5 Operating margin, 5-yr average: 25.1% · threshold >= 20% · points 10.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.37 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.5% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 179.99 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: 334900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ · unverified - Equity at FY2018 end: 1025500000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ · unverified - Net income FY2019: 331700000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ · unverified - Equity at FY2019 end: 1342400000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000022/ · unverified - Net income FY2020: 488500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - Equity at FY2020 end: 856000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ · unverified - Net income FY2021: 606800000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Equity at FY2021 end: 781700000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - Net income FY2024: 1745200000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Equity at FY2024 end: 1493800000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2025: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Equity at FY2025 end: 1237500000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - Net income FY2016: 32200000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203919000006/ · unverified - Net income FY2017: 31400000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203920000011/ · unverified - Net income FY2018: 334900000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ · unverified - Net income FY2019: 331700000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ · unverified - Net income FY2020: 488500000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - Net income FY2021: 606800000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Net income FY2022: 857300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Net income FY2023: 1147800000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2024: 1745200000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2025: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - lt_debt: 496900000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - debt_lt_current: 0.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - Operating income FY2021: 650400000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Revenue FY2021: 3342200000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Operating income FY2022: 969600000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Revenue FY2022: 4417400000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Operating income FY2023: 1241100000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Revenue FY2023: 5304800000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Operating income FY2024: 1803400000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Revenue FY2024: 5955800000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Operating income FY2025: 2084700000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Revenue FY2025: 6799600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Operating cash flow FY2021: 1499700000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Capital expenditure FY2021: 295900000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Operating cash flow FY2022: 1730600000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Capital expenditure FY2022: 281200000.0 · 2022-12-31 · SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Operating cash flow FY2023: 1935500000.0 · 2023-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified ### Lynch GARP: 57.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): 2.25 · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: +33.1% a year · threshold 12% to 35% a year · points 20.0/20 - 3 P/E on latest annual EPS: 74.4 · threshold <= 25 · points 0.0/10 - 4 Borrowings / equity: 0.32 · threshold <= 0.5 · points 15.0/15 - 5 Years of the last 5 in which EPS rose: 5 of 5 · threshold 5 of 5 · points 15.0/15 - 6 Net cash (cash minus borrowings) / market cap: +1.8% · threshold >= +10% · points 7.7/10 Inputs: - Price (close, per traded unit): 179.99 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 2.42 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - EPS diluted FY2020: 0.58 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - lt_debt: 496900000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - debt_lt_current: 0.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - equity: 1551100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - cash: 2934900000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified ### Graham Enterprising: 48.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 1.28 · threshold >= 1.5 · points 8.5/15 - 2 Borrowings vs working capital: 0.36 x · threshold <= 1.1x · points 15.0/15 - 3 No earnings deficit in the last 5 years: 5 of 5 profitable · threshold 5 of 5 · points 15.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: 0.58 -> 2.42 · threshold higher · points 10.0/10 - 6 Price / book value per share: 85.14 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): None · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 179.99 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 6208300000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - current_liabilities: 4840800000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - lt_debt: 496900000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - debt_lt_current: 0.0 · 2026-06-30 · SEC XBRL LongTermDebtCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - Net income FY2021: 606800000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ · unverified - Net income FY2022: 857300000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ · unverified - Net income FY2023: 1147800000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2024: 1745200000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Net income FY2025: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FTNT/history?filter=div - EPS diluted FY2025: 2.42 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - EPS diluted FY2020: 0.58 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ · unverified - equity: 1551100000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - Shares outstanding: 733713653.0 · 2026-07-28 · SEC cover page 10-Q 0001262039-26-000021 (733,713,653 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/R1.htm ### Piotroski F-Score: 77.8 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 17.8% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 2,591M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 17.9% -> 17.8% · threshold pass = 1 · points 0.0/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 2,591M vs 1,853M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 10.2% -> 4.8% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 6 Current ratio improved: 1.47 -> 1.17 · threshold pass = 1 · points 0.0/11.11111111111111 - 7 No new shares issued (share count did not rise): 766M -> 734M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 30.3% -> 30.7% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.61 -> 0.65 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 Inputs: - net_income 2025-12-31: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - total_assets 2025-12-31: 10389200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - cfo 2025-12-31: 2590600000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - net_income 2025-12-31: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - net_income 2024-12-31: 1745200000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - total_assets 2025-12-31: 10389200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - total_assets 2024-12-31: 9763100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - cfo 2025-12-31: 2590600000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - net_income 2025-12-31: 1853400000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0002077096-26-000106) · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - lt_debt 2025-12-31: 496600000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - lt_debt 2024-12-31: 994300000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - total_assets 2025-12-31: 10389200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - total_assets 2024-12-31: 9763100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - current_assets 2025-12-31: 5900200000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - current_assets 2024-12-31: 5971500000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - current_liabilities 2025-12-31: 5034000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - current_liabilities 2024-12-31: 4060700000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - shares_out 2026-07-28: 733713653.0 · 2026-07-28 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - shares_out 2025-08-05: 766266033.0 · 2025-08-05 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000028/ · unverified - operating_income 2025-12-31: 2084700000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - operating_income 2024-12-31: 1803400000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - revenue 2025-12-31: 6799600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - revenue 2024-12-31: 5955800000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - revenue 2025-12-31: 6799600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - revenue 2024-12-31: 5955800000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified - total_assets 2025-12-31: 10389200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ · unverified - total_assets 2024-12-31: 9763100000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 179.99 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 733,713,653 underlying shares, period 2026-07-28, SEC cover page 10-Q 0001262039-26-000021 (733,713,653 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/ftnt-20260630.htm, accession 0001262039-26-000021 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000021/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 132,061,120,403 USD; 179.99 (price 2026-10-23) / 1 x 733,713,653 (shares at 2026-07-28) = 132,061,120,403 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2013 (ended 2013-12-31): 615297000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203916000053/ - FY2014 (ended 2014-12-31): 770364000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203917000008/ - FY2015 (ended 2015-12-31): 1009268000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203918000009/ - FY2016 (ended 2016-12-31): 1275400000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203919000006/ - FY2017 (ended 2017-12-31): 1494900000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203920000011/ - FY2018 (ended 2018-12-31): 1804600000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ - FY2019 (ended 2019-12-31): 2163000000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ - FY2020 (ended 2020-12-31): 2594400000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ - FY2021 (ended 2021-12-31): 3342200000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ - FY2022 (ended 2022-12-31): 4417400000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ - FY2023 (ended 2023-12-31): 5304800000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ - FY2024 (ended 2024-12-31): 5955800000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ - FY2025 (ended 2025-12-31): 6799600000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ ## Net income by fiscal year (SEC XBRL) - FY2013 (ended 2013-12-31): 44273000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203916000053/ - FY2014 (ended 2014-12-31): 25343000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203917000008/ - FY2015 (ended 2015-12-31): 7987000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203918000009/ - FY2016 (ended 2016-12-31): 32200000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203919000006/ - FY2017 (ended 2017-12-31): 31400000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203920000011/ - FY2018 (ended 2018-12-31): 334900000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203921000008/ - FY2019 (ended 2019-12-31): 331700000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203922000008/ - FY2020 (ended 2020-12-31): 488500000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203923000010/ - FY2021 (ended 2021-12-31): 606800000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203924000014/ - FY2022 (ended 2022-12-31): 857300000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203925000011/ - FY2023 (ended 2023-12-31): 1147800000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ - FY2024 (ended 2024-12-31): 1745200000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ - FY2025 (ended 2025-12-31): 1853400000.0 · https://www.sec.gov/Archives/edgar/data/1262039/000126203926000007/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2013 (ended 2013-12-31): 0.052 [filed 0.26, split factor 5.0] - FY2014 (ended 2014-12-31): 0.03 [filed 0.15, split factor 5.0] - FY2015 (ended 2015-12-31): 0.01 [filed 0.05, split factor 5.0] - FY2016 (ended 2016-12-31): 0.036 [filed 0.18, split factor 5.0] - FY2017 (ended 2017-12-31): 0.036 [filed 0.18, split factor 5.0] - FY2018 (ended 2018-12-31): 0.384 [filed 1.92, split factor 5.0] - FY2019 (ended 2019-12-31): 0.38 [filed 1.9, split factor 5.0] - FY2020 (ended 2020-12-31): 0.58 [filed 0.58, split factor 1.0] - FY2021 (ended 2021-12-31): 0.73 [filed 0.73, split factor 1.0] - FY2022 (ended 2022-12-31): 1.06 [filed 1.06, split factor 1.0] - FY2023 (ended 2023-12-31): 1.46 [filed 1.46, split factor 1.0] - FY2024 (ended 2024-12-31): 2.26 [filed 2.26, split factor 1.0] - FY2025 (ended 2025-12-31): 2.42 [filed 2.42, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-09-24 S Ohlgart Christiane (CFO) 48 @ 180.00 = 8640 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000020/ - 2026-09-15 S Whittle John (COO) 2835 @ 168.74 = 478378 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000014/ - 2026-09-14 S Whittle John (COO) 52707 @ 165.43 = 8719319 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000014/ - 2026-09-14 S Whittle John (COO) 1158 @ 166.02 = 192251 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000014/ - 2026-08-04 S Ohlgart Christiane (CFO) 387 @ 164.59 = 63696 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000018/ - 2026-08-03 S Xie Ken (CEO) 7350 @ 161.82 = 1189377 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Ken (CEO) 19647 @ 160.82 = 3159631 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Ken (CEO) 18409 @ 160.14 = 2948017 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Ken (CEO) 67971 @ 163.08 = 11084711 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Ken (CEO) 47943 @ 163.91 = 7858337 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Ken (CEO) 162 @ 164.49 = 26647 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000014/ - 2026-08-03 S Xie Michael (officer) 1421 @ 163.12 = 231794 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000018/ - 2026-08-03 S Xie Michael (officer) 200 @ 161.75 = 32350 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000018/ - 2026-08-03 S Xie Michael (officer) 700 @ 160.36 = 112252 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000018/ - 2026-08-03 S Xie Michael (officer) 800 @ 163.98 = 131184 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000018/ - 2026-06-03 S Xie Michael (officer) 410 @ 145.72 = 59745 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000014/ - 2026-06-03 S Xie Michael (officer) 132 @ 148.30 = 19576 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000014/ - 2026-06-03 S Xie Michael (officer) 2337 @ 146.55 = 342487 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000014/ - 2026-06-03 S Xie Michael (officer) 564 @ 147.71 = 83308 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000014/ - 2026-06-03 S Xie Michael (officer) 464 @ 144.46 = 67029 · https://www.sec.gov/Archives/edgar/data/1262039/000147558626000014/ - 2026-06-02 S Xie Ken (CEO) 19867 @ 143.43 = 2849524 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 9641 @ 142.37 = 1372589 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 39854 @ 144.29 = 5750534 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 12821 @ 145.04 = 1859558 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 37540 @ 146.36 = 5494354 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 13790 @ 147.37 = 2032232 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 8627 @ 148.94 = 1284905 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-06-02 S Xie Ken (CEO) 18492 @ 148.24 = 2741254 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/ - 2026-05-21 S Whittle John (COO) 4216 @ 129.55 = 546183 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000010/ - 2026-05-21 S Whittle John (COO) 86820 @ 128.15 = 11125983 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000010/ - 2026-05-21 S Whittle John (COO) 54979 @ 128.74 = 7077996 · https://www.sec.gov/Archives/edgar/data/1262039/000147633626000010/ - 2026-05-20 S Ohlgart Christiane (CFO) 238 @ 130.00 = 30940 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000016/ - 2026-05-14 S Ohlgart Christiane (CFO) 756 @ 120.00 = 90720 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000014/ - 2026-05-11 S Ohlgart Christiane (CFO) 238 @ 115.00 = 27370 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000012/ - 2026-05-07 S Ohlgart Christiane (CFO) 756 @ 110.00 = 83160 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000010/ - 2026-05-05 S Ohlgart Christiane (CFO) 596 @ 89.70 = 53461 · https://www.sec.gov/Archives/edgar/data/1262039/000201681326000008/ - 2026-05-04 S Xie Ken (CEO) 4383 @ 89.12 = 390613 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000010/ - 2026-05-04 S Xie Ken (CEO) 425 @ 88.09 = 37438 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000010/ - 2026-05-04 S Xie Ken (CEO) 410 @ 87.04 = 35686 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000010/ - 2026-05-04 S Xie Ken (CEO) 137 @ 89.61 = 12277 · https://www.sec.gov/Archives/edgar/data/1262039/000147558726000010/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001262039 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001262039.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001262039&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001262039&type=8-K - yahoo: https://finance.yahoo.com/quote/FTNT - stooq: https://stooq.com/q/d/?s=ftnt.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=FTNT - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=FTNT - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/ftnt/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/FTNT - openinsider (link only, nothing stored): http://openinsider.com/search?q=FTNT - google_news (link only, nothing stored): https://news.google.com/rss/search?q=FTNT+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/FTNT; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.