

Audited annual filings, TTM ratios and consensus forward estimates
Wall Street price targets and rating actions
Revenue disaggregation per 10-K filing
Annual filings (FY) with consensus forward estimates (hatched)
Stock news · updated daily
Jefferies has maintained a 'hold' rating on Fortinet Inc (NASDAQ:FTNT) arguing that its next earnings outlook will matter more than another strong quarter as investors assess whether product growth can endure into financial year 2027. The broker expects product revenue growth of around 50% year on year in the third quarter, well above the 31% consensus forecast, supported by positive industry checks, pricing increases and accelerated firewall replacement activity.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Fortinet (FTNT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2026.
Fortinet (FTNT) closed at $174.05 in the latest trading session, marking a +1.83% move from the prior day.
Fortinet has regained key technical support following a bullish reversal, while its rising trend channel and weekly chart suggest potential for a recovery toward $197.
Wall Street analysts delivered a flurry of bold calls Wednesday, including a double-downgrade that shocked one cybersecurity giant and a sharp cut on a beloved restaurant chain. Find out which stocks got upgraded, buried, or newly covered before the market opens.
Diversify Advisory Services LLC raised its holdings in shares of Fortinet, Inc. (NASDAQ: FTNT) by 4.3% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,704 shares of the software maker's stock after buying an additional 4,660 shares during the
Fortinet FTNT is gaining traction with its push to converge firewall and secure access service edge (SASE) technologies, positioning the stock for upside. At its SASE Summit 2026, highlighted on Oct. 8, the company outlined how its Unified SASE platform is evolving to secure AI applications and autonomous agents alongside human users.
CINCINNATI--(BUSINESS WIRE)--CBTS, a leading North American technology services company, today launched CBTS Fortinet Managed Services. The new fully managed secure networking service helps mid-market and multi-site organizations modernize aging infrastructure, strengthen security, and support growth without adding network and security headcount. The mid-market network and security gap Mid-market organizations are caught between the sophistication of today's threats and the resources available.
Reported EPS vs. consensus estimate
| Report date | EPS est. | EPS actual | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | 0.75 | 0.90 | Beat 20.6% | $2.05B |
| May 6, 2026 | 0.62 | 0.82 | Beat 32.5% | $1.85B |
| Feb 5, 2026 | 0.74 | 0.81 | Beat 9.0% | $1.91B |
| Nov 5, 2025 | 0.63 | 0.74 | Beat 17.3% | $1.72B |
| Aug 6, 2025 | 0.59 | 0.64 | Beat 8.5% | $1.63B |
| May 7, 2025 | 0.53 | 0.58 | Beat 9.2% | $1.54B |
1255 daily bars · split adjusted
Daily · Wilder smoothing
Classic floor pivots from 2026-10-23
Computed from daily OHLCV bars
| Indicator | Value | Type | Action |
|---|---|---|---|
| RSI (14) | 53.13 | Oscillator | Neutral |
| Stochastic %K (14, 3, 3) | 30.58 | Oscillator | Neutral |
| Williams %R (14) | -55.45 | Oscillator | Neutral |
| MACD (12, 26, 9) | 0.84 (Hist -1.93) | Oscillator | Sell |
| Average Directional Index (14) | 26.49 (+DI 21.5 / -DI 23.0) | Trend |
TTM vs. 5-year historical average (annual ratios)
| Metric | FTNT | Historical (5Y) / ref | Status |
|---|---|---|---|
| P/E ratio (TTM) | 62.9x | 51.2x · sector 44.2x | Elevated |
| Forward P/E (FY26E) | 52.1x | EPS est. 3.45 | Discount |
| Price / Book | 85.4x | -12.9x | Discount |
| Price / Sales | 17.5x | 11.1x | Elevated |
| EV / EBITDA | 46.3x | 40.3x | In line |
| Return on equity | 187.9% | — | Top tier |
| Gross margin | 80.4% | 78.0% | In line |
| Debt / Equity | 0.32 | -0.58 | Conservative |
| Piotroski / Altman Z | 6/9 | Z 10.12 | Safe zone |
| EMA 20 | 178.14 | MA | Buy |
| SMA 20 | 181.37 | MA | Sell |
| EMA 50 | 171.98 | MA | Strong Buy |
| SMA 50 | 170.54 | MA | Strong Buy |
| SMA 200 | 126.25 | MA | Strong Buy |
Discounted cash flow model
Current price $179.99
Latest analyst grade actions
| Date | Firm | Action | Previous | New grade |
|---|---|---|---|---|
| Oct 23, 26 | JP Morgan | maintain | Underweight | Underweight |
| Oct 20, 26 | Truist Securities | maintain | Buy | Buy |
| Oct 15, 26 | Wells Fargo | maintain | Underweight | Underweight |
| Oct 15, 26 | Mizuho | maintain | Underperform | Underperform |
| Oct 13, 26 | TD Cowen | maintain | Buy | Buy |
| Oct 12, 26 | Barclays | maintain | Equal Weight | Equal Weight |
| Oct 12, 26 | RBC Capital | maintain | Sector Perform | Sector Perform |
| Sep 17, 26 | Bernstein | maintain | Market Perform | Market Perform |
| Jul 31, 26 | Susquehanna | maintain | Neutral | Neutral |
| 4 | Oct 1, 2026 | 2026-10-01 19:53:35 | View |
| 4 | Oct 1, 2026 | 2026-10-01 19:44:29 | View |
| 4 | Oct 1, 2026 | 2026-10-01 19:17:17 | View |
| 4 | Sep 25, 2026 | 2026-09-25 16:18:30 | View |
| 4 | Sep 16, 2026 | 2026-09-16 16:22:24 | View |
| 4 | Aug 13, 2026 | 2026-08-13 17:13:50 | View |
Proxy statement (DEF 14A) disclosures
Free float vs. closely held shares
13F institutional holdings are not available in the current data plan.
SEC Form 4 filings
| Date | Insider | Role | Type | Shares @ price | Value |
|---|---|---|---|---|---|
| Sep 30, 26 | Stavridis James G. | director | M-Exempt | 459 | — |
FY2025 · 10-K disclosure
FY2025 · 10-K disclosure
| Sep 30, 26 |
| Stavridis James G. |
| director |
| M-Exempt |
| 459 |
| — |
| Sep 30, 26 | Goldman Kenneth A | director | M-Exempt | 459 | — |
| Sep 30, 26 | Goldman Kenneth A | director | M-Exempt | 459 | — |
| Sep 30, 26 | Hu Jean X. | director | M-Exempt | 459 | — |
| Sep 30, 26 | Hu Jean X. | director | M-Exempt | 459 | — |
| Sep 30, 26 | Kan Derek T. | director | M-Exempt | 459 | — |
| Sep 30, 26 | Kan Derek T. | director | M-Exempt | 459 | — |