Fortinet (NASDAQ:FTNT) Updates Q1 2026 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.590-0.630 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion.

Fortinet Stock Performance

Shares of NASDAQ:FTNT traded down $2.17 on Thursday, reaching $78.95. The company’s stock had a trading volume of 10,038,252 shares, compared to its average volume of 6,672,758. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 0.94. The stock’s 50-day moving average is $80.37 and its two-hundred day moving average is $83.08. Fortinet has a 52-week low of $70.12 and a 52-week high of $114.82. The stock has a market capitalization of $58.71 billion, a P/E ratio of 32.49, a PEG ratio of 2.74 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Thursday, February 5th. The software maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts forecast that Fortinet will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTNT shares. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 target price (up from $85.00) on shares of Fortinet in a research report on Monday, January 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $87.00 target price on shares of Fortinet in a research report on Monday, November 24th. JPMorgan Chase & Co. reduced their price target on shares of Fortinet from $75.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Hsbc Global Res cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Rosenblatt Securities raised shares of Fortinet from a “neutral” rating to a “buy” rating and boosted their target price for the company from $85.00 to $100.00 in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.48.

Insiders Place Their Bets

In other news, 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 value of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. This represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ken Xie sold 175,737 shares of the business’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 $14,308,506.54. Following the completion of the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This trade represents a 0.34% 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 insiders.

Institutional Trading of Fortinet

Several hedge funds have recently added to or reduced their stakes in the business. Wexford Capital LP bought a new stake in shares of Fortinet in the third quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new position in Fortinet in the 3rd quarter valued at approximately $28,000. Quarry LP bought a new stake in Fortinet during the 3rd quarter worth $33,000. Triumph Capital Management acquired a new position in shares of Fortinet in the third quarter valued at approximately $44,000. Finally, iSAM Funds UK Ltd bought a new position in Fortinet in the 3rd quarter valued at approximately $101,000. 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.