20 stories mentioning FTNTUpdated 3d ago
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Fortinet (FTNT) has an average rating of hold and mean price target of $113.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $144.95, Change: $-0.12, Percent Change: -0.08%
Fortinet (FTNT) has an average rating of hold and mean price target of $110.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $145.39, Change: $+0.71, Percent Change: +0.49%
Ken Xie, Director, President & Chief Executive Officer, on June 02, 2026, sold 160,632 shares in Fortinet (FTNT) for $23,385,059. Following the Form 4 filing with the SEC, Xie has control over a total of 57,821,146 common shares of the company, with 52,972,372 shares held directly and 4,848,774 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1262039/000147558726000012/xslF345X05/form4-06032026_100613.xml
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price from $119 to $148 on a forward P/E of 42x our 2027 EPS projection of $3.40, below its three-year average. We increase our 2026 EPS projection to $3.15 from $3.13 and our 2027 EPS forecast to $3.45 from $3.40. We note rising enterprise AI tool consumption and agentic use from customers of software providers in earnings reports over the past month, signaling a shift from tool experimentation to deployment in production environments. This is expected to drive greater interest in new security tools to keep pace with rapid technology evolutions. We believe FTNT will be a beneficiary of cybersecurity spending as customers choose to consolidate with large vendors for reduced complexity when they expand their AI security capabilities. We also anticipate continued momentum with its FortiSASE and SecOps solutions from higher network traffic and the need for better visibility as attack surfaces expand.
John Whittle, COO, on May 21, 2026, sold 146,015 shares in Fortinet (FTNT) for $18,749,948. Following the Form 4 filing with the SEC, Whittle has control over a total of 94,724 common shares of the company, with 94,724 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1262039/000147633626000010/xslF345X05/form4-05222026_080502.xml
Fortinet (FTNT) said Tuesday that it is accelerating its FortiAIGate solution in collaboration with Nvidia's (NVDA) artificial intelligence platforms and software technologies.The joint solution aims to protect AI workloads, data and autonomous agents in real time in data centers and the cloud, allowing enterprises to monitor AI usage, and securely build, scale agentic AI.Financial details were not provided.Price: $114.90, Change: $-0.55, Percent Change: -0.47%
Fortinet (FTNT) has an average rating of hold and mean price target of $106.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $112.89, Change: $+4.92, Percent Change: +4.56%
Fortinet (FTNT) is positioned for stronger growth as AI-driven infrastructure needs, rising cyber risks, product upgrades, vendor consolidation, and improving sales momentum support its revenue and billings outlook, Wedbush Securities said Thursday in a report.Q1 billings rose 31% to $2.09 billion, above Wall Street estimates, with strength across security operations and operational technology security, the report said. Revenue climbed 20%, helped by large customers upgrading to higher-performance systems for AI-related workloads, Wedbush said.Operating margins and earnings per share both exceeded expectations on strong execution and cost control, Wedbush said. Fortinet raised its 2026 revenue and billings outlook as cyber threats, data security needs, and cost pressures push customers toward broader cyber platforms, the report said.Wedbush raised its price target on Fortinet stock to $125 from $90 and maintained its outperform rating, citing greater confidence in the company's growth recovery.Price: $110.88, Change: $+20.93, Percent Change: +23.27%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to $119, from $92, on a forward P/E of 35x our 2027 EPS projection of $3.40, below its three-year average. We increase our 2026 EPS projection to $3.13 from $2.96 and our 2027 EPS forecast to $3.40 from $3.28. FTNT reported remarkable Q1 results with revenue surging 20% Y/Y to $1.85B, fueled by product revenue growth of 40.5% to $645M and service revenue growth of 11% to $1.21B. Billings accelerated 31% to $2.09B, with secure networking billings up 32%. While we note Product outperformance and a raised guide, we are wary that strength in the Product segment may reflect pulled-forward demand as customers address memory constraints. We therefore see the risk that growth at these levels may not sustain into H2 2026. Non-GAAP operating margin hit a Q1 record of 35.8%, up 160 bps Y/Y, while management maintained gross margin guidance of 79%-81% and operating margin guidance of 33%-36%. Free cash flow reached a record $1.01B.
Fortinet (FTNT) delivered stronger-than-expected Q1 results driven by robust firewall demand, operational technology security momentum, and early artificial intelligence data center deployments, Morgan Stanley said in a note Thursday.Product revenue jumped 41% year over year as enterprise customers upgraded to higher-performance appliances for AI infrastructure needs, and total billings rose 31% on strong demand across Secure Networking, Unified SASE, and AI-driven SecOps offerings, the brokerage said.The company also raised its fiscal 2026 outlook, but sustainability of the hardware-driven growth remains uncertain amid possible demand pull-forward dynamics and slowing subscription and service revenue growth, according to the note."Better billings and deferred revenue trends help, though near-term upside looks limited pending durable software attach acceleration," the brokerage said.Morgan Stanley maintained its underweight rating on the stock, but raised its price target to $80 from $70.Shares of Fortinet were up more than 23% in Thursday trading.Price: $110.70, Change: $+20.75, Percent Change: +23.06%
Fortinet (FTNT) has an average rating of hold and mean price target of $103.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $108.27, Change: $+18.32, Percent Change: +20.37%
Fortinet (FTNT) has an average rating of hold and mean price target of $103.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $109.41, Change: $+19.46, Percent Change: +21.63%
US equity futures were slightly higher pre-bell Thursday as hopes for a finalized peace deal between the US and Iran continue, on top of a strong earnings season to date.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher.A final peace agreement would end the conflict and reopen the Strait of Hormuz, President Donald Trump said in a Truth Social post on Wednesday. The White House had said it was nearing an agreement with Iran that would end the war and establish a framework for more detailed nuclear negotiations, according to an Axios report.However, Trump said Iran's acceptance of the US proposal would be "perhaps, a big assumption," and warned that bombing would resume "at a much higher level and intensity than it was before" if an agreement was not reached. An Iranian foreign ministry spokesperson told CNBC on Wednesday that Iran was evaluating the proposal.Traders absorbed the most recent round of earnings, with Shell (SHEL) and McDonald's (MCD) posting higher Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.3% at $96.96 per barrel and US West Texas Intermediate crude 4.9% lower at $90.45 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 200,000 new unemployment claims for the week ended May 2, compared with the upwardly revised figure of 190,000 in the prior week, and it came in below the 205,000 expected, according to estimates compiled by Bloomberg. Q1 nonfarm productivity increased at a 0.8% annual rate, topping forecasts for 0.6%, while unit labor costs increased 2.3%, compared with the 2.5% expected.The February and March construction spending reports are due at 10 am ET.Federal Reserve Minneapolis President Neel Kashkari, Cleveland President Beth Hammack, and New York President John Williams are slated to speak today.In other world markets, Japan's Nikkei closed 5.6% higher, Hong Kong's Hang Seng ended 1.6% higher, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.1% lower in Europe's early afternoon session.In equities, Tesla (TSLA) stock was up 1.9% after the company's China-made electric vehicle sales rose for the sixth consecutive month on a year-over-year basis, according to a Reuters report. DoorDash (DASH) shares rose 8.7% after the company posted Q1 earnings that topped analysts' consensus. Fortinet (FTNT) stock was up 17% after the company posted a stronger-than-expected jump in Q1 earnings and sales, as well as boosted its full-year 2026 guidance.On the losing side, Shell stock was down 1.8% after the company reported its Q1 financial results. ARM (ARM) shares fell 7% despite the company posting higher fiscal Q4 adjusted earnings and revenue.
Fortinet (FTNT) has an average rating of hold and mean price target of $102.03, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
(Updates with the stock move in the headline and the first paragraph.)Fortinet's (FTNT) shares were up over 12% in Thursday's premarket activity after the company overnight reported a stronger-than-expected jump in Q1 earnings and sales, while raising its guidance for the full year 2026.The company reported Q1 non-GAAP net income late Wednesday of $0.82 per diluted share, up from $0.58 a year earlier.Analysts surveyed by FactSet expected $0.62.Revenue for the quarter ended March 31 was $1.85 billion, up from $1.54 billion a year earlier.Analysts polled by FactSet expected $1.73 billion.The company said it expects Q2 non-GAAP EPS of $0.72 to $0.76 and revenue of $1.83 billion to $1.93 billion.Analysts expect $0.69 and $1.82 billion.For the full year 2026, Fortinet said it now expects non-GAAP EPS of $3.10 to $3.16, compared with $2.94 to $3.00 previously, and revenue of 7.71 billion to $7.87 billion versus $7.50 billion and $7.70 billion previously.Analysts expect $2.98 and $7.60 billion.Price: $101.00, Change: $+11.05, Percent Change: +12.28%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:FTNT delivered exceptional Q1 2026 results with revenue of $1.85B beating consensus by $120M and non-GAAP EPS of $0.82 exceeding estimates by $0.20. Product revenue accelerated to $645M (+40.5% Y/Y) significantly outpacing service revenue growth of 11%, while billings surged 30.5% to $2.09B. The robust appliance demand suggests active security infrastructure refreshes, though we highlight potential pulled-forward demand amid supply chain challenges and higher memory prices. Operating leverage remained strong with non-GAAP operating margin expanding 160 bps to 36%, while record cash generation of $1.08B in operating cash flow underscores the business model's strength. We expect the SASE evolution and "SASE Firewall" convergence to serve as key differentiators in the competitive landscape. Management raised 2026 revenue guidance to $7.71B-$7.87B from $7.50B-$7.70B, above consensus of $7.6B, and lifted EPS guidance to $3.10-$3.16 from $2.94-$3.00, beating Street forecasts of $3.00.
Ken Xie, Director, President & CEO, on May 01, 2026, sold 5,355 shares in Fortinet (FTNT) for $476,035. Following the Form 4 filing with the SEC, Xie has control over a total of 57,826,778 common shares of the company, with 52,978,004 shares held directly and 4,848,774 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1262039/000147558726000010/xslF345X05/form4-05052026_090524.xml
Fortinet (FTNT) shares rose 1.7% in Monday trading after Arete Research upgraded the stock to buy from sell and adjusted its price target to $104 from $83.Trading volume stood at over 2.7 million shares, compared with a daily average of about 6.6 million.Price: $85.81, Change: $+1.46, Percent Change: +1.73%
Fortinet (FTNT) has an average rating of hold and mean price target of $88.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Fortinet (FTNT) is likely to report inline Q1 results due to client pull-forward ahead of March price hikes, Oppenheimer said in a Tuesday note.According to the analysts, they are confident in the company's full-year product growth guidance as pricing tailwinds take effect, supporting growth beyond Q1.Oppenheimer said its subscription revenue growth guidance also improved due to momentum in sovereign SASE and AI-based FortiOS 8.0.However, the brokerage remains neutral due to rising SASE competition and the relative immaturity of the company's AI security strategy, according to the note.The brokerage said it reiterated its perform rating on the stock.Price: $78.36, Change: $-0.38, Percent Change: -0.48%