Fortinet (FTNT) to Release Quarterly Earnings on Thursday

Fortinet (NASDAQ:FTNT) is expected to be posting its Q4 2025 results after the market closes on Thursday, February 5th. Analysts expect Fortinet to post earnings of $0.74 per share and revenue of $1.8597 billion for the quarter. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS and its Q4 2025 guidance at 0.730-0.750 EPS. Investors may review the information on the company’s upcoming Q4 2025 earning report for the latest details on the call scheduled for Thursday, February 5, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT) last released its earnings results on Wednesday, November 5th. The software maker reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the business earned $0.63 EPS. Fortinet’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts expect Fortinet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fortinet Trading Up 0.5%

Shares of Fortinet stock opened at $82.08 on Thursday. The firm’s 50 day simple moving average is $80.24 and its two-hundred day simple moving average is $83.90. The firm has a market capitalization of $61.04 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.85 and a beta of 1.07. Fortinet has a 12-month low of $70.12 and a 12-month high of $114.82. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

FTNT has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $85.00 target price on shares of Fortinet in a research note on Thursday, November 6th. Hsbc Global Res lowered Fortinet from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Barclays reduced their price objective on Fortinet from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group dropped their target price on Fortinet from $85.00 to $80.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Finally, UBS Group reduced their price target on shares of Fortinet from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fortinet currently has an average rating of “Hold” and an average target price of $90.04.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 158,485 shares of Fortinet stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.51, for a total value of $13,710,537.35. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael Xie sold 3,546 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.53, for a total value of $306,835.38. Following the completion of the transaction, the vice president directly owned 10,492,018 shares of the company’s stock, valued at $907,874,317.54. The trade was a 0.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 18.00% of the company’s stock.

Institutional Investors Weigh In On Fortinet

A number of institutional investors have recently added to or reduced their stakes in FTNT. Fiduciary Trust Co raised its position in Fortinet by 1.2% during the third quarter. Fiduciary Trust Co now owns 10,823 shares of the software maker’s stock worth $910,000 after acquiring an additional 130 shares during the period. Optimist Retirement Group LLC boosted its holdings in 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 buying an additional 140 shares during the last quarter. L2 Asset Management LLC increased its stake in Fortinet by 5.1% during the 3rd quarter. L2 Asset Management LLC now owns 2,992 shares of the software maker’s stock worth $252,000 after buying an additional 145 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Fortinet by 2.2% during the fourth quarter. Brighton Jones LLC now owns 10,327 shares of the software maker’s stock valued at $976,000 after acquiring an additional 221 shares during the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Fortinet in the third quarter valued at approximately $25,000. 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.