A Look At Fortinet (FTNT) Valuation After Google Cloud Partner Of The Year Recognition

Fortinet (FTNT) has received Google Cloud’s 2026 Partner of the Year Award for Workload Security, highlighting its FortiCNAPP platform. Despite a 10.22% decline in the past year, the stock has seen a 119.91% return over five years and a recent 9.35% increase. The company’s valuation is considered modestly undervalued at $87.09 against a fair value of $89.00, driven by its shift towards high-margin, recurring software and services revenue.

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