27 stories mentioning FTNTUpdated 1d ago
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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://finwires.com/en/contact)
(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://finwires.com/en/contact)
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%
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