Fortinet (FTNT) Projected to Announce Earnings on Wednesday

Fortinet (NASDAQ:FTNT) will likely be posting its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of $0.7460 per share and revenue of $1.8885 billion for the quarter. Fortinet has set its Q2 2026 guidance at 0.720-0.760 EPS and its FY 2026 guidance at 3.100-3.160 EPS. Parties may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT) last announced its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.20. Fortinet had a net margin of 27.49% and a return on equity of 160.08%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.58 EPS. The company’s revenue was up 20.1% on a year-over-year basis. On average, analysts expect Fortinet to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Fortinet Price Performance

Fortinet stock opened at $152.38 on Tuesday. Fortinet has a 1 year low of $70.12 and a 1 year high of $170.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.15. The firm has a 50 day moving average price of $148.53 and a 200 day moving average price of $107.17. The company has a market cap of $111.64 billion, a price-to-earnings ratio of 58.83, a PEG ratio of 4.14 and a beta of 1.09.

Wall Street Analyst Weigh In

FTNT has been the topic of a number of research analyst reports. DZ Bank lowered shares of Fortinet from a “buy” rating to a “hold” rating and set a $125.00 price target on the stock. in a report on Tuesday, May 19th. Robert W. Baird set a $120.00 target price on Fortinet in a research report on Tuesday, July 21st. Compass Point set a $100.00 target price on Fortinet in a report on Monday, May 4th. BMO Capital Markets boosted their price target on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Finally, Bank of America restated a “buy” rating on shares of Fortinet in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-four have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $123.61.

Insider Activity

In other news, COO John Whittle sold 146,015 shares of Fortinet stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $128.41, for a total transaction of $18,749,786.15. Following the sale, the chief operating officer directly owned 94,724 shares of the company’s stock, valued at approximately $12,163,508.84. The trade was a 60.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 160,632 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $145.58, for a total value of $23,384,806.56. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at $7,711,717,915.76. This represents a 0.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 318,387 shares of company stock worth $43,403,063 over the last ninety days. Corporate insiders own 17.60% of the company’s stock.

Institutional Trading of Fortinet

A number of hedge funds have recently made changes to their positions in FTNT. GW&K Investment Management LLC raised its holdings in Fortinet by 31.4% in the fourth quarter. GW&K Investment Management LLC now owns 515 shares of the software maker’s stock valued at $41,000 after acquiring an additional 123 shares in the last quarter. Fiduciary Trust Co increased its position in shares of Fortinet by 1.2% in the 3rd quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after purchasing an additional 130 shares during the last quarter. Optimist Retirement Group LLC increased its position in shares of Fortinet by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 4,888 shares of the software maker’s stock worth $411,000 after purchasing an additional 140 shares during the last quarter. L2 Asset Management LLC raised its stake in shares of Fortinet by 5.1% in the 3rd quarter. L2 Asset Management LLC now owns 2,992 shares of the software maker’s stock valued at $252,000 after purchasing an additional 145 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Fortinet by 2.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 7,269 shares of the software maker’s stock worth $577,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

About Fortinet

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.