Fortinet (NASDAQ:FTNT) Issues FY 2026 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.940-3.000 for the period, compared to the consensus EPS 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 Performance

Shares of FTNT stock traded down $2.19 on Thursday, hitting $78.93. The company had a trading volume of 12,524,325 shares, compared to its average volume of 6,849,219. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $80.37 and a 200-day moving average price of $83.08. Fortinet has a twelve month low of $70.12 and a twelve month high of $114.82. The firm has a market cap of $58.70 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last released 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. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts predict that Fortinet will post 2.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on FTNT. Scotiabank cut shares of Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a research report on Monday. Rosenblatt Securities raised shares of Fortinet from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $100.00 in a research note on Thursday, January 29th. Truist Financial set a $88.00 price objective on Fortinet in a research note on Tuesday, January 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Fortinet in a research note on Friday, January 23rd. Finally, Piper Sandler reissued a “neutral” rating and issued a $90.00 price objective (up from $85.00) on shares of Fortinet in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Fortinet presently has a consensus rating of “Hold” and a consensus target price of $90.48.

Insider Buying and Selling at Fortinet

In other news, VP Michael Xie sold 343,106 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the completion of the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. This represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by insiders.

Institutional Trading of Fortinet

Large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Fortinet by 17.0% during the 3rd quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after acquiring an additional 1,568,337 shares during the last quarter. Two Sigma Investments LP grew its stake in Fortinet by 229.3% in the third quarter. Two Sigma Investments LP now owns 1,323,411 shares of the software maker’s stock worth $111,272,000 after purchasing an additional 921,480 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Fortinet by 16.0% in the second quarter. Ameriprise Financial Inc. now owns 4,190,449 shares of the software maker’s stock valued at $437,022,000 after buying an additional 577,248 shares during the last quarter. State Street Corp lifted its holdings in Fortinet by 1.6% during the 3rd quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock worth $2,493,860,000 after buying an additional 477,397 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Fortinet by 59.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,201,925 shares of the software maker’s stock valued at $101,058,000 after acquiring an additional 446,536 shares during the last quarter. 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.