FTNT

FortinetB

Nasdaq / Software & Services

At close

2026-06-02

Current thesis

The strongest supported bull argument is a genuine beat-and-raise: Q1 exceeded the high end of company guidance, billings/product growth reaccelerated sharply, and free cash flow was record level. The March 2026 FortiOS 8.0 launch and the Arista/MPS Secure AI Data Center proof point give investors dated product and partner/customer milestones to monitor after the earnings print.

Posture

Constructive

Lead driver

Momentum

What changed

9 setup hits (3d) with net bullish as of 2026-06-03.

What can break

Competitive pressure in firewall, SASE, and broader enterprise security remains high, especially against direct operating comparators Palo Alto Networks, Check Point, and Cisco.

Momentum

Value

Sentiment

Setup hits (3d)

9 · Net Bullish

AI TargetsBase $109.00 · Bull $125.00 · Bear $92.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-02 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Bullish

Target $88.58

Why

Momentum96 · Δ7d -0.6

Value51 · Δ7d +0.3

Sentiment22 · Δ7d -4.6

So what

Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendFlat

Δ7d

-0.6

Δ21d

+4.9

Value

32% active weight

Current posture

7d trendFlat

Δ7d

+0.3

Δ21d

-0.6

Sentiment

33% active weight

Current posture

7d trendSoftening

Δ7d

-4.6

Δ21d

-13.8

Why this grade

Composite grade B. Momentum 96.4 / Value 50.6 / Sentiment 21.9

Fundamentals (TTM)

As of 2026-06-02

Market Cap

$109.06B

Beta

1.07

Shares Out

743.65M

P/E (TTM)

32.1

P/S (TTM)

8.84

P/FCF (TTM)

28.57

Rev YoY

+14.4%

EPS YoY

-11.0%

Gross Margin

+80.9%

Op Margin

+31.0%

Net Debt

-$3.07B

Current Ratio

1.03

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology