Fortinet (NASDAQ:FTNT) Releases FY 2026 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.940-3.000 for the period, compared to the consensus estimate of 2.790. The company issued revenue guidance of $7.5 billion-$7.7 billion, compared to the consensus revenue estimate of $7.5 billion. Fortinet also updated its Q1 2026 guidance to 0.590-0.630 EPS.

Fortinet Stock Up 2.8%

NASDAQ:FTNT traded up $2.21 during mid-day trading on Friday, reaching $81.14. The stock had a trading volume of 6,505,252 shares, compared to its average volume of 6,819,699. The stock’s 50 day simple moving average is $80.34 and its two-hundred day simple moving average is $83.05. Fortinet has a 1-year low of $70.12 and a 1-year high of $114.82. The company has a market capitalization of $60.34 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 0.94.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts anticipate that Fortinet will post 2.09 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore ISI set a $80.00 target price on shares of Fortinet in a report on Friday. Scotiabank lowered shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective on the stock. in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Fortinet in a research note on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Fortinet in a research report on Friday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $90.00 price target on shares of Fortinet in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-five have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $91.37.

Insider Activity at Fortinet

In related news, CEO Ken Xie sold 175,737 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.20% of the company’s stock.

Fortinet News Summary

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and operational strength — Fortinet reported EPS $0.81 vs. $0.74 est. and revenue $1.91B vs. $1.86B, with billings up ~18% and Unified SASE billings up ~40%; management also expanded the buyback by $1B (to $10.25B), which supports shareholder returns. Blockonomi: Fortinet Stock Shares Jump
• Positive Sentiment: Raised FY26 outlook — Fortinet set FY26 EPS guidance of $2.94–3.00 (above consensus ~2.79) and revenue guidance roughly in line or slightly above Street expectations, giving investors a clearer, stronger 2026 profit outlook. Financial Post / Press Release
• Positive Sentiment: Analyst support — Rosenblatt raised its price target to $105 (buy) and Wedbush reaffirmed an outperform/$90 target, adding upside conviction from some sell‑side shops. TickerReport: Rosenblatt PT
• Neutral Sentiment: Cautious takes remain — Jefferies and others highlighted modest upside and urged caution on 2026 cadence despite the beat; Robert W. Baird reiterated a Hold, signaling mixed near‑term views. Yahoo / Jefferies Note TipRanks / Baird
• Negative Sentiment: Mizuho still bearish despite raising its PT — Mizuho lifted its target to $74 but kept an “underperform” stance, signaling a potential ~9% downside from the prior reference level and reflecting doubts about near‑term growth. The Fly: Mizuho Note
• Negative Sentiment: Large insider selling — Filings show multi‑million dollar sales by the CEO and a VP, which can concern investors about insider conviction even if sales are sometimes for diversification or other reasons. AmericanBankingNews: CEO Sale AmericanBankingNews: VP Sale

Institutional Investors Weigh In On Fortinet

Institutional investors and hedge funds have recently modified their holdings of the stock. Danske Bank A S acquired a new position in shares of Fortinet in the 3rd quarter worth $26,349,000. Keystone Financial Group acquired a new stake in Fortinet during the 3rd quarter worth about $165,000. Palisade Asset Management LLC acquired a new position in shares of Fortinet in the third quarter worth about $28,000. Jacobs Levy Equity Management Inc. increased its position in shares of Fortinet by 12.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,088,545 shares of the software maker’s stock worth $175,605,000 after acquiring an additional 237,040 shares in the last quarter. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Fortinet during the third quarter valued at approximately $443,000. Institutional investors and hedge funds 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.