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Fortinet

FTNT
NASDAQ
$78.90

Does Fortinet have pricing power in its industry?

Fortinet enjoys strong gross and operating margins, indicating some pricing power and cost advantages. Non-GAAP operating margins ran ~33–39% in recent quarters, and gross margins near 80%, which is high for a hardware/software vendor. This suggests the firm can maintain pricing while absorbing R&D and growth investments.

That said, competitors frequently match pricing and feature sets, so Fortinet’s pricing power is good but not extreme.