Fortinet (FTNT) Projected to Release Quarterly Earnings on Wednesday

Fortinet (NASDAQ:FTNT) is projected to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.86 per share and revenue of $2.06 billion for the quarter. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Investors may visit the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, July 29th. The software maker reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Fortinet had a net margin of 28.17% and a return on equity of 191.54%. Fortinet’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. On average, analysts expect Fortinet to post $3.10 EPS for the current fiscal year and $3.45 EPS for the next fiscal year.

Fortinet Stock Up 1.9%

FTNT stock opened at $183.33 on Tuesday. The stock has a market capitalization of $134.51 billion, a PE ratio of 64.55, a price-to-earnings-growth ratio of 3.36 and a beta of 1.03. Fortinet has a 52 week low of $73.55 and a 52 week high of $197.13. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $171.01 and a 200 day moving average of $126.69.

Analysts Set New Price Targets

A number of research firms have issued reports on FTNT. BTIG Research raised their price target on shares of Fortinet from $186.00 to $203.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. HSBC lifted their price objective on shares of Fortinet from $102.00 to $107.00 in a research note on Friday, July 31st. Zacks Research raised shares of Fortinet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Cantor Fitzgerald reissued a “neutral” rating on shares of Fortinet in a research report on Monday. Finally, JPMorgan Chase & Co. upped their target price on Fortinet from $118.00 to $140.00 and gave the company an “underweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $162.36.

Insiders Place Their Bets

In other Fortinet news, CEO Ken Xie sold 161,482 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer directly owned 52,972,372 shares of the company’s stock, valued at approximately $8,616,486,029.52. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Whittle sold 53,865 shares of Fortinet stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $165.44, for a total transaction of $8,911,425.60. Following the sale, the chief operating officer owned 96,987 shares of the company’s stock, valued at approximately $16,045,529.28. The trade was a 35.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 221,303 shares of company stock valued at $36,164,034. 17.60% of the stock is owned by insiders.

Fortinet News Roundup

Here are the key news stories impacting Fortinet this week:

• Positive Sentiment: Fortinet announced the FortiGuard Inline AI Security Service, a cloud-delivered offering that provides AI-specific inspection and guardrails for FortiGate firewalls. The product strengthens Fortinet’s positioning in the rapidly growing AI-security market and could support additional recurring revenue. Fortinet Expands AI Security with the FortiGuard Inline AI Security Service
• Positive Sentiment: Analyst support has improved, including a JPMorgan price-target increase and a recently reported analyst upgrade. These actions likely contributed to Fortinet’s recent share-price strength and improved investor sentiment. Fortinet Stock Gets Price Target Bump from JPMorgan Chase & Co. Fortinet Stock Jumps After Analyst Upgrade
• Positive Sentiment: Broader demand for AI-powered cybersecurity is rising as companies face more sophisticated digital threats. Fortinet is being highlighted among potential beneficiaries, supporting the sector’s investment narrative. Top AI-Powered Cybersecurity Stocks to Buy as Digital Threats Rise
• Neutral Sentiment: Fortinet approaches third-quarter earnings with demand for SASE firewall products, AI-security expansion and share repurchases as potential positives. At the same time, investors are watching for margin pressure and whether its elevated valuation is justified. Fortinet Stock Before Q3 Earnings
• Negative Sentiment: Some Wall Street brokerages maintain a “Hold” rating, signaling that analysts see limited near-term upside after the recent rally. Fortinet also trades at a demanding earnings multiple, increasing sensitivity to an earnings or guidance miss. Fortinet Stock Rated Hold by Wall Street Brokerages

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.