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...
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...
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...
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...
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...
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...
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...
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...
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...
Fortinet (NASDAQ:FTNT) reported a quarterly performance that surpassed market expectations, driven by resilient demand for its cybersecurity solutions and improved operational execution. The company's revenue came in ahead of forecasts, while adjusted profitability also exceeded analyst predictions, signaling strong underlying business health despite a competitive...
Fortinet (NASDAQ:FTNT) received a mixed analyst outlook following a downgrade to 'Hold' by Wall Street Zen, though other major firms like BTIG and Rosenblatt maintained or raised their buy ratings and price targets. The consensus average rating is currently 'Hold' with an average target price...
Fortinet (FTNT) shares have surged approximately 90% since March 2026, trading at $155 despite Wall Street price targets averaging $114, implying a 27% downside. The company reported strong Q1 2026 results with product revenue jumping 41% year-over-year to $645 million, driven by AI data center...
Fortinet Inc. saw its shares surge 12.33% in premarket trading following the release of robust first-quarter earnings that significantly beat Wall Street expectations and included an upward revision to its full-year outlook. The cybersecurity giant reported adjusted earnings of $0.82 per share, which exceeded analyst...
Fortinet (FTNT) reported first-quarter earnings of $0.82 per share, significantly beating the Zacks Consensus Estimate of $0.61 per share and representing a positive earnings surprise of approximately 33.5%. This performance aligns with the company's track record of surpassing EPS estimates in each of the previous...
Fortinet (FTNT) shares have rallied sharply, gaining approximately 12% over the past month and 78% over the last three months. The company reported annual revenue of US$7.1 billion and net income of US$1.9 billion, with a current share price of US$144.73 reflecting strong long-term performance...
Fulcrum Capital LLC increased its stake in Fortinet, Inc. (NASDAQ:FTNT) by 21.2% in the first quarter, acquiring an additional 30,486 shares to hold a total of 174,592 shares valued at $14.268 million. This position represents 3.1% of Fulcrum's portfolio and ranks as its ninth-largest holding....
Anchor Investment Management LLC increased its stake in Fortinet, Inc. (NASDAQ: FTNT) by 14.1% during the fourth quarter, purchasing an additional 6,588 shares to hold a total of 53,361 shares valued at $4.237 million. Several other major institutional investors also adjusted their positions significantly in...
Fortinet has announced the launch of a new FortiNDR Cloud Point-of-Presence (PoP) in Singapore, marking a strategic expansion to strengthen cyber-resilience across the ASEAN and Asia-Pacific regions. This initiative reinforces the company's commitment to supporting organizations navigating complex digital transformation, hybrid work models, and expanded...
Fortinet, Inc. (NASDAQ:FTNT) is currently ranked 9th among the best-performing cybersecurity stocks year-to-date as of April 25, 2025, having gained 6.30%. The company serves over 700,000 organizations globally with solutions including network firewalls and advanced threat protection systems. Despite strong first-quarter demand driven by AI...
Fortinet Inc (NASDAQ:FTNT) is highlighted as a cybersecurity firm exhibiting both strong technical momentum and robust fundamental health. The stock recently broke out of a consolidation pattern, trading near its 52-week high of $150.07 after gaining over 20% in the last month and 75% over...
