Fortinet stock trades at EUR 173.36 with volume 90.1 percent below average
Published on 10/12/2026 at 16:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Fortinet stock was trading at EUR 173.36 at Lang & Schwarz on October 12, 2026 at 4:41 p.m. CEST.
- Volume was 452,523 shares, 90.1 percent below the 4,582,260-share average.
- Fortinet's USD 142.9 billion market capitalization and P/E of 68.57 were below the comparable figures for Palo Alto Networks and CrowdStrike.
- Fortinet is scheduled to announce third-quarter 2026 results on October 28, 2026.
Fortinet Inc. stock (ISIN US34959E1091) was trading at EUR 173.36 at Lang & Schwarz on October 12, 2026 at 4:41 p.m. CEST. Volume stood at 452,523 shares, 90.1 percent below the average of 4,582,260 shares, making turnover the clearest short-term market statistic.
Nasdaq price near yearly high
On the Nasdaq, Fortinet was trading at USD 194.80 at 10:49 a.m. ET on October 12, 2026. The USD 73.55 to USD 196.73 52-week range places that quote USD 1.93 below the high, a 0.98 percent gap calculated in the same currency.
The Nasdaq quote and the Lang & Schwarz price represent different venues and currencies, so they should be read as separate market views. The US quote places Fortinet close to its yearly peak, while the German euro quote provides the reference for investors trading through Lang & Schwarz.
Valuation stays above the market average
Fortinet's market capitalization was USD 142.9 billion on October 12, 2026, and its price-to-earnings ratio was 68.57. Palo Alto Networks carried a USD 333.4 billion market capitalization and a P/E of 929.22, while CrowdStrike stood at USD 271.6 billion and a P/E of 7,600.85.
The comparison shows that Fortinet's valuation multiple was lower than those of the two named cybersecurity peers, even though the companies operate in the same broad security market. That is a descriptive valuation difference, not a forecast.
Comparison with peers
Fortinet Inc.: , P/E 68.57, market capitalization USD 142.9 billion
Palo Alto Networks (Nasdaq, USD): minus 2.3 percent, P/E 929.22, market capitalization USD 333.4 billion
CrowdStrike (Nasdaq, USD): minus 3.0 percent, P/E 7,600.85, market capitalization USD 271.6 billion
Results date is October 28
Fortinet announced on October 2, 2026 that it will discuss third-quarter 2026 financial results on October 28, 2026 at 4:30 p.m. ET. The scheduled report is the next company-specific date on the calendar, and it will provide the next operating checkpoint for the valuation figures above.
MarketBeat reported on October 10, 2026 that Wall Street Zen upgraded Fortinet from Hold to Buy and cited a consensus target of USD 155.37. Because that target is in US dollars, it is not converted into a percentage against the euro price.
Market context for Fortinet
Fortinet's current market profile combines a USD 142.9 billion valuation, a 68.57 P/E and a share price close to the top of its USD 73.55 to USD 196.73 yearly range. The low turnover in the euro session is a separate trading statistic, with 452,523 shares against the 4,582,260-share average.
The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.
Fortinet stock facts
- Company: Fortinet, Inc.
- ISIN: US34959E1091
- Ticker: FTNT
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 12, 2026, 4:41 p.m. CEST): EUR 173.36
- Market capitalization: USD 142.9 billion (as of October 12, 2026)
- Sector / Industry: Information Technology / cybersecurity software and equipment
- Index membership: S&P 500, Nasdaq-100
- Next earnings date: October 28, 2026
Market context: Market report Nasdaq Composite.
