Fortinet (NASDAQ:FTNT) Updates Q4 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its fourth quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.730-0.750 for the period, compared to the consensus earnings per share estimate of 0.630. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion. Fortinet also updated its FY 2025 guidance to 2.660-2.700 EPS.

Fortinet Stock Up 0.9%

FTNT stock traded up $0.77 during mid-day trading on Wednesday, hitting $85.99. 8,391,834 shares of the company were exchanged, compared to its average volume of 5,556,593. Fortinet has a twelve month low of $70.12 and a twelve month high of $114.82. The firm has a fifty day simple moving average of $82.91 and a 200 day simple moving average of $93.33. The company has a current ratio of 1.33, a quick ratio of 1.24 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $65.89 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.17 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Fortinet had a net margin of 30.60% and a return on equity of 111.46%. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS. Q4 2025 guidance at 0.730-0.750 EPS. On average, research analysts forecast that Fortinet will post 2.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FTNT has been the subject of several research reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $85.00 price target (down from $125.00) on shares of Fortinet in a report on Thursday, August 7th. Truist Financial cut their price objective on shares of Fortinet from $125.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Fortinet from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Scotiabank cut their price objective on shares of Fortinet from $115.00 to $85.00 and set a “sector outperform” rating on the stock in a research report on Thursday, August 7th. Finally, Wedbush dropped their price target on shares of Fortinet from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Fortinet has an average rating of “Hold” and an average price target of $97.03.

Insider Buying and Selling

In related news, CEO Ken Xie sold 158,485 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $86.51, for a total value of $13,710,537.35. Following the sale, the chief executive officer directly owned 51,391,879 shares in the company, valued at $4,445,911,452.29. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Xie sold 3,546 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $86.53, for a total transaction of $306,835.38. Following the completion of the sale, the vice president owned 10,492,018 shares in the company, valued at $907,874,317.54. The trade was a 0.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MUFG Securities EMEA plc purchased a new position in shares of Fortinet in the second quarter worth approximately $198,000. Sender Co & Partners Inc. purchased a new position in shares of Fortinet in the second quarter worth approximately $458,000. ICONIQ Capital LLC increased its position in shares of Fortinet by 29.5% in the second quarter. ICONIQ Capital LLC now owns 5,085 shares of the software maker’s stock worth $538,000 after acquiring an additional 1,159 shares in the last quarter. HUB Investment Partners LLC grew its position in Fortinet by 29.1% during the second quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock valued at $560,000 after purchasing an additional 1,193 shares in the last quarter. Finally, Lighthouse Investment Partners LLC purchased a new position in Fortinet during the second quarter valued at approximately $581,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

Fortinet Company Profile

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.