CYBR vs. FTNT

Last updated Jun 3, 2026

CYBR (CyberArk Software Ltd.) and FTNT (Fortinet, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

CYBR vs. FTNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CyberArk Software Ltd. (CYBR) and Fortinet, Inc. (FTNT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CYBR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTNT

• 1D: 1.17%
• 1M: 72.51%
• YTD: 87.46%
• 6M: 79.48%
• 1Y: 45.27%
• 3Y*: 29.76%
• 5Y*: 28.15%
• 10Y*: 35.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CYBR vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CYBR CyberArk Software Ltd.	-8.34%	33.89%	52.09%	68.95%	-25.18%	7.23%	38.61%	57.24%	79.13%	-9.03%
FTNT Fortinet, Inc.	87.46%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	51.58%	61.20%	45.05%

Correlation

The correlation between CYBR and FTNT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 25, 2014	0.54

The correlation between CYBR and FTNT shifts across timeframes, from 0.46 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CYBR : $20.69B FTNT : $110.57B
EPS CYBR : -$2.92 FTNT : $2.58
PS Ratio CYBR : 15.13 FTNT : 15.89
PB Ratio CYBR : 8.61 FTNT : 111.72
Total Revenue (TTM) CYBR : $1.36B FTNT : $7.11B
Gross Profit (TTM) CYBR : $1.01B FTNT : $5.74B
EBITDA (TTM) CYBR : $59.13M FTNT : $2.47B

Return for Risk

CYBR vs. FTNT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTNT

FTNT Risk / Return Rank: 67
FTNT Sharpe Ratio Rank: 71
FTNT Sortino Ratio Rank: 65
FTNT Omega Ratio Rank: 71
FTNT Calmar Ratio Rank: 68
FTNT Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CYBR vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CyberArk Software Ltd. (CYBR) and Fortinet, Inc. (FTNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CYBR	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.02	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.75	—

Drawdowns

Drawdown Indicators

	CYBR	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-30.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-38.32%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.32%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-16.25%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.06%	—

Volatility

Volatility by Period

	CYBR	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	44.78%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	43.87%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	40.84%	—

Dividends

CYBR vs. FTNT - Dividend Comparison

Neither CYBR nor FTNT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CYBR vs. FTNT - Profitability Comparison

The chart below illustrates the profitability comparison between CyberArk Software Ltd. and Fortinet, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CYBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a gross profit of 267.25M and revenue of 372.65M. Therefore, the gross margin over that period was 71.7%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a gross profit of 1.49B and revenue of 1.85B. Therefore, the gross margin over that period was 80.3%.

CYBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported an operating income of 1.75M and revenue of 372.65M, resulting in an operating margin of 0.5%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported an operating income of 580.00M and revenue of 1.85B, resulting in an operating margin of 31.4%.

CYBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a net income of -17.11M and revenue of 372.65M, resulting in a net margin of -4.6%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortinet, Inc. reported a net income of 534.50M and revenue of 1.85B, resulting in a net margin of 28.9%.

Frequently Asked Questions

Can I hold both CYBR and FTNT in my portfolio?

CYBR and FTNT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.