S&P 500 comparison · Information Technology

CrowdStrike vs Fortinet

Prices at close . Model readings .

CrowdStrike

$266.66−0.51%
Month: positive

Fortinet

$174.08−5.9%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), CrowdStrike is the larger company by market value ($278.52B against $128.80B). Over the past year CrowdStrike returned +101.4% and Fortinet +104.1%, while the S&P 500 returned +12.7%. The operating margin is -2.3% for CrowdStrike and 33.7% for Fortinet. Over the next 21 sessions the model expects +1% for CrowdStrike, with a 78% chance of a rise, and +1.15% for Fortinet, with a 69% chance. CrowdStrike has no published fair value today. Fortinet's long-run fair value is $168.82, a gap of −3% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
CRWD+1%
FTNT+1.15%
Chance of a risenext 21 sessions
CRWD78%
FTNT69%
Expected returnnext 63 sessions
CRWD+5.5%
FTNT+3.11%
Range of outcomes63 sessions, 80% band
CRWD−38.6% to +49.6%
FTNT−32.9% to +39.2%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CRWD—The valuation was set at a price in another share basis than this close, so its fair value and gap are not printed.
FTNT$168.8228 Oct 2026
Gap to pricefair value against the close
CRWD—The valuation was set at a price in another share basis than this close, so its fair value and gap are not printed.
FTNT−3%
Past readings that matchedsign of the 21-session outcome
CRWD59.1%of 269
FTNT53.5%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
CRWD+1.5%
FTNT−1.1%
6 monthsS&P 500: +8.5%
CRWD+135.8%
FTNT+102.2%
Year to dateS&P 500: +13.3%
CRWD+127.5%
FTNT+119.2%
1 yearS&P 500: +12.7%
CRWD+101.4%
FTNT+104.1%
5 yearsS&P 500: +70.7%
CRWD+276.5%
FTNT+161%
1 year against the S&P 500percentage points
CRWD+88.7 pts
FTNT+91.4 pts
Position in the 52-week range0% low, 100% high
CRWD90%close $266.66 in $85.68 to $286.99
FTNT81%close $174.08 in $73.55 to $197.13
Against the 200-day average
CRWD+60.8%
FTNT+36.2%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (CRWD), (FTNT)
Market value
CRWD$278.52B28 Oct 2026
FTNT$128.80B28 Oct 2026
Enterprise valueat the last filing
CRWD$195.08B31 Jul 2026
FTNT$111.23B30 Jun 2026
P/Elatest filed
CRWDn/mA P/E on negative earnings is not a multiple.
FTNT56.3
Price to book
CRWD38.79
FTNT73.28
EV / EBITDA
CRWD-1,000.00
FTNT44.30
Free cash flow yield
CRWD0.81%
FTNT2.82%
Dividend yield
CRWD0%
FTNT0%
Questions

CrowdStrike or Fortinet: common questions

Which is larger by market value, CrowdStrike or Fortinet?

CrowdStrike, at $278.52B against $128.80B for Fortinet, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, CrowdStrike or Fortinet?

Fortinet's latest filed P/E is 56.3; CrowdStrike reported losses, so its P/E is not meaningful (n/m). Filings: quarter to 31 Jul 2026 and 30 Jun 2026.

How did CrowdStrike and Fortinet move over the past year against the S&P 500?

Over the past year CrowdStrike returned +101.4% and Fortinet +104.1%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for CrowdStrike and Fortinet over the next month?

+1% for CrowdStrike with a 78% chance of a rise, and +1.15% for Fortinet with a 69% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of CrowdStrike and Fortinet compare?

The operating margin is -2.3% for CrowdStrike and 33.7% for Fortinet, and the gross margin 74.6% against 80.2%. Filings: quarter to 31 Jul 2026 and 30 Jun 2026.

Do CrowdStrike and Fortinet shares move together?

Over the past year the correlation of their daily returns was 0.75 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesCrowdStrike (CRWD) forecast and analysisFortinet (FTNT) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.