Fortinet’s (FTNT) “Outperform” Rating Reiterated at Wedbush

Fortinet (NASDAQ:FTNT)‘s stock had its “outperform” rating restated by analysts at Wedbush in a research note issued to investors on Friday,Benzinga reports. They currently have a $90.00 price objective on the software maker’s stock. Wedbush’s price target indicates a potential upside of 14.03% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Fortinet from $75.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Daiwa Capital Markets cut Fortinet from an “outperform” rating to a “neutral” rating and set a $86.00 price objective for the company. in a research report on Wednesday, November 12th. Robert W. Baird dropped their price target on Fortinet from $90.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $90.00 price target (up previously from $85.00) on shares of Fortinet in a report on Monday, January 5th. Finally, Scotiabank cut Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 price objective for the company. in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.04.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $78.93 on Friday. The firm has a market cap of $58.70 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 2.80 and a beta of 1.06. Fortinet has a 1 year low of $70.12 and a 1 year high of $114.82. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $80.34 and a 200 day simple moving average of $83.05.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $0.74 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. 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, sell-side analysts predict that Fortinet will post 2.09 earnings per share for the current fiscal year.

Insider Activity

In related 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 sale, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the 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 $14,308,506.54. Following the sale, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fortinet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Fortinet during the 2nd quarter worth about $1,640,900,000. Vanguard Group Inc. lifted its stake in shares of Fortinet by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after buying an additional 2,894,355 shares during the last quarter. Van ECK Associates Corp lifted its position in Fortinet by 62.1% during the third quarter. Van ECK Associates Corp now owns 5,564,558 shares of the software maker’s stock worth $467,868,000 after acquiring an additional 2,132,109 shares during the last quarter. First Trust Advisors LP increased its position in Fortinet by 30.9% during the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock worth $636,962,000 after acquiring an additional 1,790,033 shares during the period. Finally, Invesco Ltd. raised its position in shares of Fortinet by 17.0% in the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after buying an additional 1,568,337 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 results beat expectations — EPS $0.81 vs. $0.74 and revenue $1.91B; billings and product growth (Unified SASE billings +40%) were highlighted, supporting the company’s competitive positioning and near‑term momentum. Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Fortinet raised FY‑2026 EPS guidance to $2.94–3.00 (above Street consensus of ~2.79), which supports longer‑term earnings visibility and likely underpinned earlier upside in the stock. Fortinet Inc. (FTNT) Stock Rises on Q4 2025 Earnings
• Positive Sentiment: Rosenblatt boosted its price target to $105 and lifted to a Buy, indicating upbeat analyst conviction and implying material upside from current levels. Benzinga
• Positive Sentiment: Press coverage argues Fortinet can dodge broader tech weakness after the earnings beat, suggesting the stock could outperform peers if demand holds. Fortinet Stock Rises After Earnings Beat. Why It Can Dodge the Tech Selloff.
• Neutral Sentiment: Q1 guidance was given as $0.59–0.63 EPS (street ~0.62) and revenue range near consensus — effectively mixed: FY guide looks strong, but the Q1 range is only roughly in line. View Press Release
• Neutral Sentiment: Some brokers are cautious: Jefferies expected only a modest beat and remains cautious on 2026, and Robert W. Baird reiterated a Hold — mixed analyst reactions may limit immediate upside. Jefferies Sees Modest Q4 Beat for Fortinet (FTNT), Remains Cautious on 2026
• Negative Sentiment: Large insider sales: the CEO sold about $14.3M and a VP sold about $27.9M in company stock — sizable insider disposals can create short‑term selling pressure or raise governance/insider‑confidence questions. Fortinet (NASDAQ:FTNT) CEO Sells $14,308,506.54 in Stock Fortinet (NASDAQ:FTNT) VP Sells $27,935,690.52 in Stock
• Negative Sentiment: Some analysts have trimmed ratings or reassessed 2026 growth expectations amid macro and service‑revenue cadence concerns, which can cap multiple expansion despite strong headline results. Fortinet (FTNT) Downgraded as Analysts Reassess 2026 Growth Outlook

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.