Fortinet (NASDAQ:FTNT – Get Free Report) will likely be announcing its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Fortinet to announce earnings of $0.7460 per share and revenue of $1.8873 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. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 4:30 PM ET.
Fortinet (NASDAQ:FTNT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.20. Fortinet had a return on equity of 160.08% and a net margin of 27.49%.The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the business posted $0.58 EPS. Fortinet’s quarterly 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 Stock Performance
Shares of FTNT stock opened at $152.37 on Monday. Fortinet has a fifty-two week low of $70.12 and a fifty-two week high of $170.35. The stock has a market cap of $111.63 billion, a P/E ratio of 58.83, a P/E/G ratio of 4.14 and a beta of 1.09. The business has a fifty day simple moving average of $148.02 and a 200-day simple moving average of $106.65. The company has a quick ratio of 1.07, a current ratio of 1.15 and a debt-to-equity ratio of 0.50.
Insider Buying and Selling
Hedge Funds Weigh In On Fortinet
Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its holdings in Fortinet by 1.6% in the 3rd quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock valued at $2,493,860,000 after purchasing an additional 477,397 shares in the last quarter. Invesco Ltd. raised its position in Fortinet by 17.0% in the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after purchasing an additional 1,568,337 shares during the period. First Trust Advisors LP lifted its stake in shares of Fortinet by 4.4% during the fourth quarter. First Trust Advisors LP now owns 7,907,686 shares of the software maker’s stock worth $627,949,000 after purchasing an additional 332,024 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Fortinet by 4.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,615,443 shares of the software maker’s stock worth $525,332,000 after purchasing an additional 251,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Fortinet by 13.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,361,390 shares of the software maker’s stock worth $346,359,000 after buying an additional 515,226 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the stock. Mizuho set a $125.00 target price on shares of Fortinet and gave the company an “underperform” rating in a report on Wednesday, July 15th. BTIG Research lifted their price objective on Fortinet from $150.00 to $186.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. BMO Capital Markets increased their target price on Fortinet from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Monday, May 4th. UBS Group boosted their price target on Fortinet from $90.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Barclays increased their price objective on Fortinet from $155.00 to $170.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-four have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus price target of $123.61.
Read Our Latest Report on Fortinet
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.
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