Fortinet, Inc.

(NASDAQ Global Select)

Top News rankings and signal summaries are processed using AI and may contain errors.

1
Very Bullish +85

Fortinet reports strong first quarter 2026 financial results

AI-generated analysis

Fortinet reported stronger-than-expected financial results for its first quarter of 2026, driven by accelerating enterprise spending on cybersecurity solutions as organizations seek to counter sophisticated AI-driven digital threats. Total revenue increased 20% year over year to $1.85 billion, surpassing the upper end of the company's...

Bullish Signals

  • Revenue rose 20% YoY to $1.85B in Q1 2026.
  • Product revenue climbed 41% and billings rose 31%.
  • Operating cash flow hit a record $1.08B.
  • Non-GAAP EPS surged 41% YoY to $0.82.
  • Fortinet raised full-year 2026 outlook with ~15% growth.
  • Launched FortiOS 8.0 with advanced AI and quantum-safe features.
  • Expanded FortiGate G Series for encrypted traffic handling.
  • Partnered with Anthropic and OpenAI for AI ecosystem.
  • Ranked Gartner Choice for SD-WAN for seventh year.

Bearish Signals

  • No meaningful risks or negatives in input.
2
Bullish +75

Fortinet stock tracks stronger outlook after Q3 growth

Earnings report Guidance raised AI-generated analysis

Fortinet Inc. reported robust third-quarter financial results, with revenue increasing 20% year-over-year to $2.078 billion and billings surging 29% to $2.336 billion. The company significantly raised its full-year fiscal 2026 outlook for revenue, billings, operating margins, and non-GAAP earnings per share, signaling strong market demand...

Bullish Signals

  • Q3 revenue hit $2.078B, up 20% year-over-year.
  • Billings surged 29% to $2.336B.
  • Raised fiscal 2026 outlook for revenue and margins.
  • GAAP operating margin expanded to 33.9%.
  • Generated $946M in operating cash flow.
3
Bullish +75

Fortinet stock gains 2.57 percent near its 52-week high

Earnings report Guidance raised AI-generated analysis

Fortinet Inc. reported a robust second quarter in 2026, delivering USD 2.05 billion in revenue which represented a 26 percent year-over-year increase. Billings for the period rose even more sharply by 33 percent to reach USD 2.37 billion, signaling strong underlying demand for the company's...

Bullish Signals

  • Q2 2026 revenue hit $2.05B, up 26% YoY.
  • Billings rose 33% to $2.37B showing robust growth.
  • Product revenue surged 52% to $773M.
  • Non-GAAP margins reached a record 38%.
  • Free cash flow tripled to $966M.
4
Very Bullish +85

Should You Buy Fortinet Stock Before July 29 Q2 Earnings?

AI-generated analysis

Fortinet (NASDAQ:FTNT) is approaching its Q2 earnings report on July 29, entering the period with a track record of 24 consecutive quarters without an earnings miss. The company recently reported record free cash flow of $1.006 billion, a 26.32% year-over-year increase, which has funded significant...

Bullish Signals

  • 24 consecutive quarters without an earnings miss.
  • $1.006B free cash flow, up 26.32% YoY.
  • Product revenue reaccelerated to +41% YoY in Q1.
  • Billings increased by 31% in Q1.
  • Raised FY26 guidance to $7.71B–$7.87B revenue.
  • Forward P/E of 52x vs Palo Alto's 78x.
  • Bought back $823M stock in Q1.
  • Net debt to EBITDA ratio of -0.67.
  • +28.17% stock surge over last 30 days.
5
Very Bullish +85

Fortinet reports strong first quarter 2026 financial results

AI-generated analysis

Fortinet reported strong first quarter 2026 financial results, with revenue growing 20% year over year to $1.85 billion and billings increasing 31% to $2.09 billion. Product revenue surged 41% to $645 million, while GAAP earnings per share rose 29% to $0.72 and non-GAAP earnings per...

Bullish Signals

  • Revenue grew 20% YoY to $1.85B, exceeding guidance.
  • Product revenue surged 41% YoY to $645M driven by FortiOS 8.0.
  • Billings increased 31% YoY to $2.09B with market share gains.
  • GAAP EPS rose 29% YoY to $0.72; Non-GAAP EPS grew 41%.
  • Record operating cashflow reached $1.08B demonstrating strong financial health.

Bearish Signals

  • Q2 2026 margin guidance lower than record Q1 2026 performance.
  • Non-GAAP guidance excludes uncertain items like stock-based compensation.
  • Actual results may diverge materially from forward-looking revenue projections.
6
Bullish +75

Fortinet Reports Strong First Quarter 2026 Financial Results

AI-generated analysis

Fortinet reported strong first quarter fiscal 2026 financial results, exceeding the high end of its revenue and profitability guidance. The company posted significant growth with billings increasing by 31% year over year, driven by the convergence of networking and security as well as heightened demand...

Bullish Signals

  • Fortinet beat Q1 revenue and profitability guidance.
  • Revenue surged 31% year over year driven by convergence.
  • Full-year 2026 guidance raised for expected 15% growth.
  • New tech drives market share gains via differentiation.
  • Direct model turned supply chain challenges into opportunities.

Bearish Signals

  • Fiscal 2026 actual results may differ materially from forward-looking statements.
  • Non-GAAP measures exclude stock-based compensation and asset amortization, reducing GAAP comparability.
  • Guidance excludes non-GAAP adjustments outside company control or predictability.
7
Very Bullish +85

Fortinet shares surge on first-quarter earnings beat and raised outlook

AI-generated analysis

Fortinet Inc. shares jumped more than 15% in late trading after the cybersecurity firm reported a strong first-quarter fiscal 2026 earnings beat and raised its full-year outlook. The company posted adjusted earnings per share of 82 cents, significantly surpassing analyst expectations of 61 cents, while...

Bullish Signals

  • Fortinet shares surged over 15% after beating Q1 earnings.
  • Revenue hit $1.85 billion, a 20% year-over-year increase.
  • Product revenue jumped 41% while service revenue grew 11%.
  • Record quarterly operating cash flow reached $1.08 billion.
  • Company repaid $500 million in debt and holds $3.29 billion cash.

Bearish Signals

  • Stock price spiked on earnings but risks high volatility from unmet raised expectations.
  • Revenue may normalize or slow after the one-time firewall appliance refresh cycle ends.
8
Bullish +65

How Is Fortinet (NASDAQ:FTNT) Expanding Its AI Security Business? - Kalkine Media

AI integration Earnings report Product launch AI-generated analysis

Fortinet (NASDAQ:FTNT) recently posted strong quarterly results, lifting its full-year billings outlook for the third time this year. The company reported sharp growth in total revenue and a significant rebound in product revenue, driven by firewall hardware sales that have recovered from pandemic-era acquisition digestion....

Bullish Signals

  • Raised full-year billings outlook for third time this year.
  • Product revenue grew sharply on appliance replacements.
  • Cash generation dwarfs most mid-cap peers in a quarter.
  • Launched new inline AI security service via FortiGuard.
  • Maintained elevated profitability levels following earnings release.

Bearish Signals

  • Shares trade at steep premium to tech group.
  • Crowded market with cheaper competitors like Palo Alto.
  • Stock flagged expensive despite favorable earnings revisions.
9
Somewhat Bullish +45

JPMorgan raises Fortinet target to USD 140 for Fortinet stock

Analyst upgrade Earnings report AI-generated analysis

Fortinet Inc. reported robust second-quarter financial performance, posting revenue of USD 2.05 billion, which represents a 25.60% year-over-year increase. The company delivered diluted earnings per share of USD 0.82, showing sequential growth from the first quarter, while net profit margins remained strong at 30.00%. These...

Bullish Signals

  • Revenue grew 25.60% YoY to USD 2.05B.
  • Beat EPS estimates of USD 0.75 vs USD 0.90.
  • JPMorgan raised price target to USD 140.
  • RBC raised price target to USD 205.
  • Net profit margin remained at 30%.

Bearish Signals

  • Arete downgraded to sell with $117.00 target on Oct 21.
  • JPMorgan retained underweight despite raising price target, signaling caution.
  • Uncertainty exists over sustaining high growth into Q3 without weakening profitability.
10
Somewhat Bullish +45

Fortinet stock reports 26 percent Q2 revenue growth in 2026

Earnings report Financial outlook AI-generated analysis

Fortinet Inc. reported robust financial performance for the second quarter of fiscal 2026, generating USD 2.05 billion in revenue, which represents a 26 percent year-over-year increase. The company's billings rose even more sharply by 33 percent to reach USD 2.37 billion, while product revenue specifically...

Bullish Signals

  • Q2 2026 revenue hit $2.05B, up 26% YoY.
  • Billings rose 33% to $2.37B for future growth.
  • Product revenue jumped 52% to $773M.
  • Non-GAAP operating margin stayed strong at 38%.
  • FY2026 guidance implies 19% midpoint revenue growth.

Bearish Signals

  • Analysts rate 'Hold' with $152.79 target, ~$26 below current price.
11
Slightly Bullish +25

Fortinet Inc. stock gains on strong growth and rich valuation debate

AI-generated analysis

Fortinet Inc. (FTNT) shares gained momentum on September 9, 2026, trading near $157.47 following a robust Q2 2026 performance where billings surged 33% year over year and revenue climbed 26%. The company demonstrated exceptional cash conversion capabilities with a free cash flow margin nearing 49%,...

Bullish Signals

  • Free cash flow margin hit 49% in Q2 2026.
  • Billings rose 33% YoY with 26% revenue growth.
  • Deferred revenue backlog reached $7.68 billion.
  • Daiwa raised price target from $115 to $165.
  • Free cash flow more than tripled year over year.

Bearish Signals

  • GuruFocus implies 54.1% negative margin of safety vs market price.
  • Stock up 98% YTD may be overvalued relative to fundamentals.
  • Analysts see limited upside with average target $162.29 'Hold'.
  • GuruFlow estimates 20.6% overvaluation based on free cash flow.
12
Bullish +65

Fortinet Advances Continuous AI Protection with the Acquisition of Virtue AI

AI-generated analysis

Fortinet (NASDAQ: FTNT) announced the acquisition of Virtue AI, a specialist in AI runtime protection and automated validation for autonomous systems. This strategic move is designed to advance Fortinet's broader Security for AI strategy, specifically targeting the emerging needs of the 'agentic enterprise' where attack...

Bullish Signals

  • Fortinet acquires Virtue AI to significantly advance its Security for AI strategy and secure the emerging agentic enterprise market.
  • The integration of Virtue AI's automated validation and red-teaming capabilities strengthens Fortinet's existing FortiAIGate solution portfolio.
  • New features include continuous AI validation that generates audit-ready evidence, supporting security and compliance reviews for customers.
  • Real-time guardrails will enforce policies across text, images, video, and code to prevent data leakage and harmful content in AI systems.
  • The acquisition positions Fortinet to capitalize on the rapidly expanding Gartner-forecasted market for securing AI ecosystems.
13
Somewhat Bullish +45

Fortinet gets rating upgrade, while Rapid7 cut at Morgan Stanley

AI-generated analysis

Morgan Stanley has adjusted its ratings on several cybersecurity stocks ahead of the earnings season. The firm upgraded Fortinet (FTNT) from Underweight to Equal-weight and increased its price target, citing improved hardware demand and positive near-term catalysts despite high valuations. Conversely, Rapid7 (RPD) was downgraded...

Bullish Signals

  • Morgan Stanley upgraded Fortinet (FTNT) to Equal-weight.
  • Fortinet shares rose 2% premarket on positive rating.
  • Palo Alto Networks designated as Morgan Stanley Top Pick.

Bearish Signals

  • Morgan Stanley downgraded RPD to Underweight citing eroding recurring revenue.
  • AI-native competition threatens Rapid7's vulnerability management market position.
  • Deteriorating margins and limited upside after recent stock rally.
14
Somewhat Bullish +45

Fortinet, Inc. $FTNT Shares Bought by California Public Employees ...

AI-generated analysis

California Public Employees Retirement System increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 9.1% during the first quarter, purchasing an additional 104,047 shares to hold a total of 1,252,611 shares valued at $102.36 million. This represents a 0.17% ownership stake in the software maker. Several...

Bullish Signals

  • Beat EPS estimates by $0.20 at $0.82 per share.
  • Revenue of $1.85 billion exceeded expectations of $1.73 billion.
  • Achieved 20.1% year-over-year revenue growth with sustained momentum.
  • Maintained net margin of 27.49% and ROE of 160.08%.
  • Major investors increased stakes including CalPERS by 9.1%.

Bearish Signals

  • COO sold $18.75M shares, cutting ownership by 60.65%.
  • Insiders sold $43.4M stock in last 90 days.
  • Wells Fargo rates 'underweight' with $70 target vs current price.
  • Deutsche Bank holds at $100 target, limiting upside.
  • Avg analyst target of $113.97 is below $161.61 price.
15
Bullish +55

Fortinet (NASDAQ:FTNT) Upgraded by Wall Street Zen to "Buy" Rating

AI-generated analysis

Fortinet (NASDAQ:FTNT) received a 'Buy' rating upgrade from Wall Street Zen, shifting its previous stance to 'Hold'. This move adds to a mixed analyst landscape where other firms like Citigroup raised price targets while maintaining neutral ratings, and Rosenblatt Securities also upgraded the stock. The...

Bullish Signals

  • Beat EPS by $0.20 at $0.82 vs $0.62 consensus.
  • Revenue grew 20.1% YoY to $1.85 billion.
  • Net margin hit 27.49% with ROE of 160.08%.
  • Wall Street Zen upgraded to Buy from Hold.
  • Rosenblatt raised target to $125.00; Citigroup to $115.00.

Bearish Signals

  • CEO Ken Xie sold 160,632 shares worth $23.4 million.
  • COO John Whittle sold 146,015 shares worth $18.7 million.
  • Insiders sold 318,387 shares valued at $43.4 million in 90 days.
  • Analyst price target of $113.97 is below bank objectives.
16
Neutral 0

The Fortinet 2026 Global Threat Landscape Report Reveals a Surge in AI-Enabled Cybercrime, Contributing to a 389% Increase in Ransomware Victims Year-over-Year

AI-generated analysis

Fortinet (NASDAQ: FTNT) released its 2026 Global Threat Landscape Report, driven by FortiGuard Labs telemetry from 2025, which details a dramatic escalation in AI-enabled cybercrime. The report indicates that malicious actors are transitioning from isolated campaigns to functioning as semi-autonomous enterprises supported by shadow agents...

Bullish Signals

  • Fortinet released the 2026 Global Threat Landscape Report.
  • Report offers deep visibility into active cyber threats via MITRE ATT&CK.
  • Fortinet shares global threat intelligence to disrupt cybercrime proactively.
  • 7,831 ransomware victims identified in 2025 by FortiRecon.
  • Leadership promotes industrialized AI-enabled cybersecurity defense models.
  • Solutions match the speed of modern AI-accelerated threats.
  • FortiCNAPP monitors cloud exposure and stolen credential risks.

Bearish Signals

  • Critical exploit time shrunk from 4.76 days to 24–48 hours via AI acceleration.
  • Global ransomware victims surged 389% YoY to 7,831 confirmed cases.
  • AI crime kits drive ransomware attacks on manufacturing, business services, and retail sectors.
  • Cloud incidents stem mostly from stolen credentials in hospitals and retail.
  • Brute force attempts dropped 22% while AI-enabled exploitation rose 25.49% YoY.
17
Slightly Bullish +15

Fortinet stock: Wells Fargo lifts target for Fortinet stock to USD 160.00

Analyst upgrade AI-generated analysis

Wells Fargo has raised its price target for Fortinet Inc. (FTNT) from USD 135.00 to USD 160.00, although the bank maintains an Underweight rating on the stock. This adjustment occurred on October 15, 2026, positioning the new target approximately 7.25 percent below Fortinet's current Nasdaq...

Bullish Signals

  • Wells Fargo raised price target to USD 160.00.
  • Q2 2026 revenue reached USD 2.05 billion.

Bearish Signals

  • Wells Fargo maintains Underweight rating due to valuation concerns.
  • High P/E of 60.94 suggests potential overvaluation.
18
Bullish +65

Fortinet vs. CrowdStrike: Both Grew 26%. Why Pay Four Times the Earnings Multiple?

AI integration Company update AI-generated analysis

Fortinet (FTNT) and CrowdStrike (CRWD) both reported approximately 26% revenue growth in their latest quarters, yet investors are paying a significantly higher earnings multiple for the latter. As of October 2, Fortinet trades at roughly 53 times its current-year adjusted earnings guidance compared to 215...

Bullish Signals

  • GAAP operating margin hit 33.7% in Q2.
  • Free cash flow reached $966 million (47.2% of revenue).
  • Product revenue surged 52% in the June quarter.
  • Services revenue grew 14% for balanced income mix.
  • Unified SASE billings expanded by 35%.
  • AI Security Operations segment saw 25% billings growth.
  • Insider ownership rose as holder count hit 62.

Bearish Signals

  • Trades at 53x earnings, demanding sustained growth.
  • Service growth risks stalling if hardware upgrades slow.
  • High valuation requires execution in competitive market.
19
Bullish +55

Fortinet stock gained 1.76 percent before October 28 results

Earnings report Financial outlook AI-generated analysis

Fortinet Inc. shares rose 1.76% to close at $184.13 on October 5, 2026, ahead of its scheduled third-quarter earnings report for October 28. The company recently raised its full-year 2026 outlook following strong second-quarter performance, setting the stage for market expectations regarding continued growth acceleration....

Bullish Signals

  • Q2 revenue hit $2.05B, up 25.6% YoY.
  • Hardware revenue surged 52% to $773M.
  • EPS beat estimates at $0.90 vs $0.75 consensus.
  • Raised FY2026 guidance to $8.02B-$8.18B.
  • Non-GAAP margins guided 35%-37% for FY2026.

Bearish Signals

  • Analyst price target of $152.79 is below current price of $184.13.
  • Consensus ratings are Hold with only 10 Buy and 2 Strong Buy.
20
Bullish +65

Fortinet Inc. stock consolidates near 52-week high as AI security focus grows

AI-generated analysis

Fortinet Inc. (FTNT) stock consolidated near its 52-week high of $172.78, closing at $169.41 on September 18, 2026, after a 1.84% decline. The cybersecurity giant maintains a market capitalization of approximately $124.61 billion as investors weigh the company's rich valuation against growing demand for AI-driven...

Bullish Signals

  • Stock rallied 5.02% after Q1 2026 earnings beat.
  • Advanced 9.2% over four weeks, crossing 50-day MA.
  • Capitalizing on AI security demand with existing customers.
  • Market cap $124.61B with robust free cash flow.

Bearish Signals

  • Stock declined 1.84%, showing hesitation at rich valuation.