FTNT

Fortinet, Inc. (FTNT), headquartered in Sunnyvale, California, provides cybersecurity and convergence of networking and security solutions. Valued at $120.5 billion by market cap, the company offers network security appliances, software, and subscription services. Fortinet systems integrate the industry's broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (IPS), web filtering, antispam, and traffic shaping. The cybersecurity giant is expected to announce its fiscal second-quarter earnings for 2026 after the market closes on Wednesday, Jul. 29. Ahead of the event, analysts expect FTNT to report a profit of $0.66 per share on a diluted basis, up 13.8% from $0.58 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Micron Stock Is Off 31% From Its High. Why This Could Be the Best Time to Buy. Michael Saylor’s Bitcoin Treasury Company Strategy Is Falling Apart This Red-Hot AI Infrastructure Stock Just Made a Game-Changing Move. How to Play NBIS Here. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full year, analysts expect FTNT to report EPS of $2.80, up 15.7% from $2.42 in fiscal 2025. Its EPS is expected to rise 7.5% year over year to $3.01 in fiscal 2027. FTNT stock has outperformed the S&P 500 Index’s ($SPX) 20.3% gains over the past 52 weeks, with shares up 55.4% during this period. Similarly, it outperformed the State Street Technology Select Sector SPDR ETF’s (XLK) 37.2% gains over the same time frame. Fortinet’s outperformance was fueled by the FortiOS 8.0 launch, bringing AI-driven security, next-gen SASE, and quantum-safe protection. Automation via FortiAI is cutting response times, while demand is rising for sovereign SASE amid AI and geopolitical risks. Bundled SD-WAN and SASE offerings are driving upsells, and expanded inventory is supporting the positive outlook. On May 6, FTNT reported its Q1 results, and its shares skyrocketed 20% in the following trading session. Its adjusted EPS of $0.82 topped Wall Street expectations of $0.61. The company’s revenue was $1.9 billion, topping Wall Street forecasts of $1.7 billion. Fortinet expects full-year adjusted EPS in the range of...

A bad day for International Business Machines has turned into great day for CrowdStrike Holdings and other cybersecurity companies. The reason why seems to be a short reference about cybersecurity in a letter to shareholders from IBM CEO Arvind Krishna. Krishna discussed how IBM clients in June shifted quarterly capital spending toward servers, storage, and memory purchases ahead of expected price increases.

SUNNYVALE, Calif., July 02, 2026 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its second quarter 2026 financial results on Wednesday, July 29, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company’s investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start. The CEO’s and CFO’s prepared remarks, supplemental slides, and a call replay will be accessible from the Quarterly Earnings page on the Investor Relations page of Fortinet's website at https://investor.fortinet.com/quarterly-earnings. About Fortinet (www.fortinet.com)Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (CERTS), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs. FTNT-F Copyright © 2026 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include,...

A month has gone by since the last earnings report for Fortinet (FTNT). Shares have added about 38.6% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Fortinet due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Fortinet, Inc. before we dive into how investors and analysts have reacted as of late. Fortinet reported impressive first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year, exceeding the high end of the company's guidance across billings, revenues, operating margin and earnings per share.Fortinet reported first-quarter 2026 non-GAAP earnings per share (EPS) of 82 cents, which beat the Zacks Consensus Estimate by 34.43% and grew 41% year over year.Total revenues of $1.85 billion beat the consensus mark by 6.79% and improved 20% year over year, driven by broad-based demand across the portfolio, strong execution in the large-enterprise segment and robust traction in Unified SASE, AI-driven security operations and operational technology (OT) markets.Total deferred revenues (current + long-term portions combined) came in at $7.35 billion, while the current portion was $3.73 billion as of March 31, 2026.Total billings increased 31% year over year to $2.09 billion, led by 32% growth in secure networking, more than 70% growth in OT, 31% growth in Unified SASE and 23% growth in AI-driven security operations. Segment-wise, Product revenues increased 41% year over year to $645.1 million, representing 34.9% of total revenues. Growth was driven by demand for higher-performance FortiGate appliances, AI-related deployments — including investments to support increased throughput, segmentation and security across AI infrastructure — technology upgrades, upselling and expansion into new use cases, with a low single-digit contribution from recent pricing changes.Service revenues of $1.20 billion grew 11% year over year, accounting for 65.1% of total revenues. Service billings reaccelerated to 27% growth, and deferred revenues grew 15%, supported in part by SecOps annual recurring revenue (ARR) gains. The company added more than 6,600 new organizations to its FortiOS platform in the...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Fortinet (FTNT) has drawn fresh attention after strong quarterly earnings, higher full-year 2026 revenue guidance, and new AI-focused security products, all supporting its push as a converged security and networking platform. See our latest analysis for Fortinet. The recent earnings beat and AI product launches have come alongside sharp share price momentum, with a 30 day share price return of 66.45% and a year to date share price return of 92.18%. The 5 year total shareholder return of 226.86% points to strong longer term gains already embedded in the stock, which may be influencing how investors weigh further upside against valuation and risk. If Fortinet's AI driven run has you thinking about other opportunities at the intersection of cybersecurity and automation, it is worth scanning 48 AI infrastructure stocks. That screener can surface infrastructure stocks riding similar spending themes. After a near doubling year to date, Fortinet now trades at a premium to its average analyst price target and several intrinsic value estimates. This raises a key question for you: is this still a buying opportunity, or is future growth already priced in? Compared with Fortinet's last close at $149.67, the most followed narrative pegs fair value at $89.00, framing the recent share price surge against a more cautious long term model. Read the complete narrative. Want to see what sits behind that confidence in recurring revenue and margin resilience? The narrative leans on specific growth, profitability and valuation assumptions that do not line up with today's share price. The tension between those inputs and the current premium is where the story gets interesting. Result: Fair Value of $89.00 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that confidence in recurring revenue meets some clear pressure points, including reliance on firewall refresh cycles and heavier spending on infrastructure. These factors could weigh on margins if growth slows. Find out about the key risks to this Fortinet narrative. With the narrative leaning cautious, are you leaning the same way or seeing room for more optimism? Act quickly, review the key positives, and weigh them against your own risk to...

The cybersecurity giant is riding the AI wave for all its worth, but the real question is whether this is a new growth era or just a temporary hardware high. Palo Alto Networks (PANW) just dropped the kind of quarter that should have investors cheering. Revenue hit $3 billion, earnings per share of $0.85 beat estimates, and the company raised its full-year guidance. Yet, the stock slipped in pre-market trading. What gives? The hesitation stems from the nature of the boom itself. Palo Alto proved the AI-driven security boom is very real, but investors are now weighing whether this spectacular, hardware-fueled growth can transition into a sustainable software-led future. Image by Cliff Hang from Pixabay Let’s be clear, the good news was spectacular. The company reported its “strongest hardware performance in a decade,” with bookings for its next-generation firewalls jumping nearly 40% year-over-year. This surge goes beyond a typical refresh cycle. Management pointed directly to demand from AI data center build-outs, a completely new and hungry class of buyers. As the CEO noted, the explosion of data centers for training AI models is creating a “multiyear tailwind” for the kind of high-speed traffic inspection that is Palo Alto’s bread and butter. But selling more physical appliances was only part of the story. The company’s newer, software-based offerings are also firing. Next-Generation Security ARR, a key metric for recurring revenue, grew an eye-watering 60% year over year to $8.1 billion. Prisma AIRS, a product for securing AI applications that didn't exist a year ago, is now the company’s “fastest-growing product ever,” tripling its customer count to over 300 in the quarter. This is the evidence that the company’s big bet on becoming a unified security platform - and moving beyond its origins as a firewall vendor - is gaining traction. So, with all that momentum, why the long face from the market? Because growth this fast, especially when fueled by major acquisitions like CyberArk and Chronosphere, comes with a hefty price tag and significant execution risk. While adjusted profits looked good, the company posted a GAAP operating loss of $183 million. Integrating massive new businesses is hard work, and management admitted they still have to “toil through migrating our Prisma Cloud customers to Cortex Cloud.” This is the messy part of a big strategic pivot...

Palo Alto Networks, Inc. PANW is scheduled to report its third-quarter fiscal 2026 results on June 2. Palo Alto Networks projects its fiscal third-quarter revenues in the range of $2.941-$2.945 billion, which suggests a year-over-year increase of 28-29%. The Zacks Consensus Estimate is pegged at $2.94 billion, which implies growth of 28.6% from the year-ago reported figure. For the fiscal third quarter, the company expects non-GAAP earnings per share between 78 cents and 80 cents. The consensus mark for PANW’s fiscal third-quarter non-GAAP earnings has remained unchanged at 81 cents per share over the past 30 days, which indicates a 1.3% increase from the year-ago quarter’s earnings. Image Source: Zacks Investment Research Palo Alto Networks’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.8%. Palo Alto Networks, Inc. price-eps-surprise | Palo Alto Networks, Inc. Quote Our proven model does not conclusively predict an earnings beat for Palo Alto Networks this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. Palo Alto Networks has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here. Palo Alto Networks’ third-quarter fiscal 2026 performance is likely to have benefited from the robust traction stemming from deal wins, along with continued progress in its platformization strategy. The increased adoption of its AI-powered XSIAM, SASE and software firewall offerings, which enable enterprises to advance zero-trust network security, is expected to have contributed to the growing share of incremental Next-Generation Security (NGS) Annual Recurring Revenues (ARR). Through its platformization strategy, Palo Alto Networks is enabling larger customers to adopt its full security platform, which is helping the company grow faster and secure bigger deals. In the second quarter of fiscal 2026, PANW’s NGS ARR grew 33% year over year to $6.33 billion, where the platformization strategy was a key driver. In the second quarter of fiscal 2026, PANW added about 110 net new platform customers. The total number of p...

Zscaler, Inc. ZS is scheduled to report third-quarter fiscal 2026 results on May 26, after market close. For the fiscal third quarter, Zscaler projects total revenues between $834 million and $836 million. The Zacks Consensus Estimate is pegged at $834.8 million, suggesting growth of 23.1% from the year-ago quarter. Zscaler anticipates non-GAAP earnings per share between $1.00 and $1.01. The consensus mark for non-GAAP earnings has remained unchanged at $1.00 over the past 60 days, which indicates a 19% increase from the year-ago quarter’s level. Image Source: Zacks Investment Research Zscaler’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 12.42%. Zscaler, Inc. price-consensus-eps-surprise-chart | Zscaler, Inc. Quote Our proven model does not conclusively predict an earnings beat for Zscaler this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here. ZS currently carries a Zacks Rank #3 and has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zscaler’s third-quarter results are expected to benefit from its security and networking solutions, given the rising demand for AI security. Momentum in its Zero Trust Everywhere platform is likely to have driven larger platform deals and customer consolidation in the to-be-reported quarter. In the second quarter of fiscal 2026, the number of Zero Trust Everywhere customers surpassed 550, up sharply from 130 in the prior-year period. Strong momentum with Global 2000 and Fortune 500 customers and $1 million ARR customers, driven by the ongoing digital transformation across organizations and the growing popularity of hybrid work, is likely to have been a key catalyst in the to-be-reported quarter. Zscaler’s growing enterprise penetration may have also been a tailwind in this quarter. Another important growth driver in the to-be-reported quarter would have been its Z-Flex program, which is helping the company secure larger multi-year contracts. Introduced in the third quarter of fiscal 2025, the program generated more than $290 million in total contract value bookings in the second qua...

Shares of cybersecurity company Fortinet (FTNT) were on a roll, rallying more than 20% after it posted strong Q1 results and solid guidance. Putting fears of AI disruption to bed (for now), the company's top and bottom lines handily beat Street expectations. The "SaaSpocalypse" doom and gloom scenario was not only for traditional SaaS companies, as with Anthropic's Claude Mythos, OpenAI's GPT-5.4 Cyber, and Google's (GOOG) (GOOGL) Big Sleep; agentic AI was supposed to upend the businesses of cybersecurity companies like Fortinet, too. However, the results are singing a different tune. 218,000 Reasons to Sell Tesla Stock in May Don’t Trust This Top-Heavy Stock Market, Hedge It. Here’s Your Roadmap. S&P 500 Reverses After Hitting Record High as Oil Prices Bounce Back Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Founded in 2000, Fortinet is a cybersecurity company dealing with network security, firewalls, and secure networking. Unlike many cybersecurity firms that are primarily software companies, Fortinet combines proprietary hardware, custom security chips, and software into an integrated platform. Valued at a market cap of $79 billion, FTNT stock is up 37% on a year-to-date (YTD) basis. Now, the moot question is: are the fears overblown or worth consideration? And amid this, how do the shares of Fortinet come across as an investment? Let's find out. Well, to start with the obvious and to state the obvious, Fortinet's results for the most recent quarter were the reason for its latest strong uptick, and it is justified. The company grew its revenues by 20% from the previous year to $1.85 billion, with product revenues rising by an even sharper 41% in the same period to $645 million. Further, earnings soared by an even sharper 41.4% to $0.82 per share, coming in much higher than the consensus estimate of $0.62 per share. Impressively, this was the ninth consecutive quarter of earnings beats from the company. And it is not like this is a recent phenomenon. Fortinet has been growing its revenue and earnings at a healthy clip over the past decade. Its revenue and earnings have demonstrated CAGRs of 21.02% and 72.41%, respectively. Additionally, Fortinet expects revenue in Q2 2026 to be in the range of $1.83 billion and $1.93 billion, while the Street estimates it to be $1.88 billion....

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. The HAL 9000 nightmare is manifesting as agentic ransomware and AI models capable of sophisticated hacking. For cybersecurity firms like Fortinet, however, that’s an ideal growth market. Shares in the Sunnyvale, Calif.-based company rose an eye-popping 20% Thursday, a day after executives reported an earnings beat after the bell. Analysts say investors can expect a lot more value where that came from. Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. READ ALSO: Shell Pumps Out Banner Profits Despite Iran War’s Seismic Upheaval and McDonald’s Beefs Up Value as Rising Gas Prices Drain Customers’ Wallets Fortinet makes custom chips and develops software, including firewalls, to secure networks against hackers and viruses. Demand is on the upswing because of the precipitous rise in AI-powered ransomware and malware (for your daily dose of IRL fear, scientists say AI can now help design actual viruses from scratch, not just computer ones). Fortinet and its competitors are also seeing a surge in demand driven by what’s called Secure Access Service Edge (SASE). Basically, it’s an industry term for cloud-native architecture that combines various IT security services into a single, unified cloud platform. Notably, this means security occurs at the point of connection rather than in a data center, which is useful for companies with remote workers or multiple locations. The demand growth registered broadly in the company’s first-quarter results, with revenue rising 20% year over year to $1.8 billion and billings, an important investor metric that indicates future cash flow, up 31% to $2 billion. Both bested Wall Street’s estimates, and had some analysts raving: BTIG analyst Gray Powell hailed the results Thursday as “outstanding” and underscored executives’ “materially better than expected” 2026 outlook, which now calls for revenue between $7.7 and $7.9 billion, up from $7.5 to $7.7 billion. BTIG raised its recommendation on Fortinet to Buy, and its $125 price target implies shares could rise 39% above Wednesday’s close. Arete Research reversed course, changing Fortinet from Sell to Buy and setting a $104 target price on the strength of cybersecurity opportunities beyond legacy technology. Thoughts for Bedtime: On...

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