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Fortinet, Inc.

FTNT

Technology · 166.07 -3.9% today

You’ve read what changed. Here’s whether the market is confirming it.

Isolated · not yet confirmedMarket checked 28 Aug, 15:55 GMT-4

Jodie situation report

Fortinet, Inc.'s current read is isolated; its market group is not confirming.

FTNT accounts for 32.4% of the group's measured movement across 3.5 effective names. all 4 measured members are falling in raw terms, but 3 of 4 SPY-adjusted paths align to the downside. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.

MOVE ANATOMY

Is this move genuinely shared?

SPY-adjusted 5m paths
Role in the moveDominant mover#2 of 4 by movement share
Group movement share32.4%Absolute path energy—not portfolio weight
Relative path-2.14%aligned
Effective breadth3.5 / 4balanced
Relative alignment3/4downside path · 1 counter-moving
Capital-flow agreement13%not yet clean
SEQUENCE READ

CGNT moved materially before FTNT. FTNT crossed its material path threshold at 10:00 ET. ZS, PANW followed.

What changed
  • Revenue increased 20.1% versus the comparable filing period.
  • Gross margin fell 0.7 percentage points.
EVIDENCE COVERAGE

0 of 4 members in Cybersecurity Software are active. 0 of 8 disclosed connections are confirming.

What would change this read
  • At least 3 of 4 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as NET begins moving with the group.

Invalidation: The isolated read changes if FTNT's group or a disclosed connection begins moving with it.

Watch this read

Who this business touches

The relationships behind FTNT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMZNAmazon.com, Inc.partnerNov 7, 2025 ▾

“We offer our products hosted in our own data centers, PoPs, and through colocations and major cloud service providers, including Amazon Web Services, Microsoft Azure and Google Cloud.”

AMDAdvanced Micro Devices, Inc.supplierMay 8, 2026 ▾

“Our limited source components for particular appliances and suppliers of those components include specific types of Central Processing Units from Intel Corporation (“Intel”) and Advanced Micro Devices, Inc., network and wireless chips from Broadcom Inc., Marv…”

Depended on by

PANWPalo Alto Networks, Inc.competitorJun 3, 2026 ▾

“Our main competitors fall into four categories: • large companies that incorporate security features in their products, such as Cisco Systems, Inc.”

Filing peers

ATENFFIVADTN

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 23 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FTNT is currently a Participant in the organic co-movement group Cybersecurity Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.