Fortinet (NASDAQ:FTNT) Releases 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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FTNT shares. Wedbush restated an “outperform” rating and issued a $90.00 price objective on shares of Fortinet in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a report on Friday. Mizuho increased their target price on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a research note on Friday. Barclays set a $88.00 price target on shares of Fortinet in a research note on Tuesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fortinet in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, twenty-three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.46.

Fortinet Stock Up 4.9%

Shares of NASDAQ:FTNT opened at $82.76 on Friday. Fortinet has a fifty-two week low of $70.12 and a fifty-two week high of $114.82. The firm’s 50 day moving average price is $80.37 and its 200 day moving average price is $82.88. 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 stock has a market cap of $61.54 billion, a price-to-earnings ratio of 34.06, a price-to-earnings-growth ratio of 2.73 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last announced 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. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 117.39%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period last year, the business earned $0.74 EPS. 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.

Insider Buying and Selling

In other news, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Xie sold 343,106 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $81.42, for a total value of $27,935,690.52. Following the transaction, the vice president directly owned 10,210,282 shares in the company, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The SEC filing for this sale provides additional information. 17.20% of the stock is currently owned by company insiders.

More Fortinet News

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Q4 beat and raised full‑year guidance — Fortinet reported Q4 revenue of $1.91B and EPS of $0.81 (above estimates) and issued FY‑2026 EPS guidance ahead of consensus; management highlighted strong enterprise demand. Read More.
• Positive Sentiment: Billings, product growth and Unified SASE strength — Billings rose ~18% (Unified SASE billings up ~40%) and product revenue grew double digits, underpinning revenue momentum. Read More.
• Positive Sentiment: Buyback expanded — company increased its buyback program by $1B to roughly $10.25B through Feb 2027, a shareholder‑friendly move that supports the stock. Read More.
• Positive Sentiment: Some bullish analyst action — Rosenblatt raised its target to $105 (buy), and Wedbush reaffirmed an outperform with a $90 target, giving upside voices amid mixed comments. Read More. • Read More.
• Neutral Sentiment: Primary disclosures and management commentary — full earnings call transcript and presentation are available for deeper read on cloud/SASE strategy and guidance detail. Read More. • Read More.
• Negative Sentiment: Analyst caution still present — JPMorgan and Mizuho raised price targets slightly but kept underweight/outperform/underperform stances that imply limited near‑term upside from some shops; Jefferies also remains cautious on 2026. Read More. • Read More. • Read More.
• Negative Sentiment: Insider selling — filings show large sales by the CEO and a VP, which may raise short‑term governance/flow concerns for some investors. Read More. • Read More.
• Neutral Sentiment: Street positioning mixed — some firms (Robert W. Baird, others) keep holds or reiterate neutral stances citing product strength offset by services slowdown or limited near‑term upside. Read More.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTNT. Invesco Ltd. boosted its holdings in Fortinet by 17.0% during the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock worth $909,453,000 after buying an additional 1,568,337 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Fortinet by 229.3% in the third quarter. Two Sigma Investments LP now owns 1,323,411 shares of the software maker’s stock valued at $111,272,000 after acquiring an additional 921,480 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Fortinet by 16.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,190,449 shares of the software maker’s stock valued at $437,022,000 after purchasing an additional 577,248 shares in the last quarter. State Street Corp boosted its stake in shares of 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 purchasing an additional 477,397 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Fortinet by 59.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,201,925 shares of the software maker’s stock valued at $101,058,000 after buying 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.