What is Scotiabank’s Forecast for Fortinet FY2026 Earnings?

Fortinet, Inc. (NASDAQ:FTNT) – Equities researchers at Scotiabank increased their FY2026 earnings estimates for shares of Fortinet in a report issued on Wednesday, February 11th. Scotiabank analyst P. Colville now anticipates that the software maker will post earnings of $2.62 per share for the year, up from their previous forecast of $2.58. Scotiabank has a “Sector Perform” rating and a $85.00 price objective on the stock. The consensus estimate for Fortinet’s current full-year earnings is $2.09 per share.

Other research analysts have also issued reports about the stock. UBS Group reissued a “neutral” rating and issued a $90.00 target price on shares of Fortinet in a report on Friday, February 6th. BMO Capital Markets increased their price objective on shares of Fortinet from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday. HSBC cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Evercore set a $80.00 target price on shares of Fortinet in a research report on Friday, February 6th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Fortinet in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $89.07.

Fortinet Stock Performance

NASDAQ FTNT opened at $84.26 on Friday. The stock has a market capitalization of $62.66 billion, a PE ratio of 34.68, a P/E/G ratio of 3.03 and a beta of 1.06. Fortinet has a 1-year low of $70.12 and a 1-year high of $114.82. The business has a 50 day simple moving average of $80.59 and a two-hundred day simple moving average of $82.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS.

Insider Activity

In related news, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the transaction, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fortinet

A number of large investors have recently bought and sold shares of the business. United Capital Management of KS Inc. increased its stake in Fortinet by 7.1% in the fourth quarter. United Capital Management of KS Inc. now owns 37,824 shares of the software maker’s stock worth $3,004,000 after purchasing an additional 2,512 shares during the period. Advisors Asset Management Inc. boosted its position in Fortinet by 24.1% in the 4th quarter. Advisors Asset Management Inc. now owns 60,233 shares of the software maker’s stock valued at $4,783,000 after buying an additional 11,694 shares during the period. CI Investments Inc. boosted its position in Fortinet by 44.1% in the 4th quarter. CI Investments Inc. now owns 4,821 shares of the software maker’s stock valued at $383,000 after buying an additional 1,475 shares during the period. Johnson Financial Group Inc. grew its stake in Fortinet by 10.7% in the 4th quarter. Johnson Financial Group Inc. now owns 49,593 shares of the software maker’s stock worth $3,938,000 after acquiring an additional 4,780 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of Fortinet by 0.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 107,032 shares of the software maker’s stock worth $8,499,000 after acquiring an additional 660 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.