Fortinet (NASDAQ:FTNT) Issues Q1 2026 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.590-0.630 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $1.7 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. Fortinet also updated its FY 2026 guidance to 2.940-3.000 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FTNT shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $90.00 target price on shares of Fortinet in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Fortinet from $75.00 to $72.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Citigroup reaffirmed a “neutral” rating and set a $85.00 price objective (up from $83.00) on shares of Fortinet in a report on Monday, January 12th. Truist Financial set a $88.00 target price on shares of Fortinet in a report on Tuesday, January 20th. Finally, Scotiabank lowered Fortinet from a “sector outperform” rating to a “sector perform” rating and set a $85.00 target price on the stock. in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Fortinet presently has a consensus rating of “Hold” and an average target price of $91.37.

Fortinet Price Performance

FTNT stock traded up $2.62 during mid-day trading on Friday, reaching $81.55. 6,061,015 shares of the company traded hands, compared to its average volume of 6,756,425. The company has a fifty day moving average price of $80.34 and a 200-day moving average price of $83.05. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.03 and a quick ratio of 0.94. Fortinet has a 52-week low of $70.12 and a 52-week high of $114.82. The company has a market capitalization of $60.64 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.80 and a beta of 1.06.

Fortinet (NASDAQ:FTNT) last announced its 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. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a return on equity of 118.27% and a net margin of 28.58%.The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company 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, analysts anticipate that Fortinet will post 2.09 earnings per share for the current year.

Insiders Place Their Bets

In other Fortinet news, VP Michael Xie sold 343,106 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares in the company, valued at $831,321,160.44. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ken Xie sold 175,737 shares of Fortinet stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 51,396,385 shares in the company, valued at approximately $4,184,693,666.70. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Fortinet News Summary

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Danske Bank A S purchased a new stake in Fortinet in the 3rd quarter worth approximately $26,349,000. Keystone Financial Group bought a new position in shares of Fortinet during the third quarter valued at approximately $165,000. Palisade Asset Management LLC purchased a new stake in Fortinet in the third quarter worth $28,000. Jacobs Levy Equity Management Inc. raised its holdings in Fortinet by 12.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,088,545 shares of the software maker’s stock worth $175,605,000 after purchasing an additional 237,040 shares in the last quarter. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Fortinet in the 3rd quarter worth about $443,000. Hedge funds and other institutional investors 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.