FY2026 Earnings Forecast for Fortinet Issued By Scotiabank

Fortinet, Inc. (NASDAQ:FTNT) – Equities research analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Fortinet in a report issued on Wednesday, February 11th. Scotiabank analyst P. Colville now anticipates that the software maker will post earnings of $2.62 per share for the year, up from their previous estimate of $2.58. Scotiabank has a “Sector Perform” rating and a $85.00 price target on the stock. The consensus estimate for Fortinet’s current full-year earnings is $2.09 per share.

Fortinet (NASDAQ:FTNT) last announced its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Fortinet had a return on equity of 124.21% and a net margin of 27.26%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS.

FTNT has been the topic of several other research reports. Barclays set a $88.00 target price on shares of Fortinet in a report on Tuesday, February 3rd. Evercore set a $80.00 price objective on Fortinet in a research note on Friday, February 6th. Jefferies Financial Group set a $90.00 price objective on Fortinet in a research report on Friday, February 6th. Piper Sandler restated a “neutral” rating and set a $90.00 target price (up previously from $85.00) on shares of Fortinet in a research note on Monday, January 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $83.00 price target on shares of Fortinet in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, twenty-two have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Fortinet currently has a consensus rating of “Hold” and an average price target of $89.07.

Fortinet Price Performance

Shares of Fortinet stock opened at $85.56 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $80.56 and a 200-day simple moving average of $82.22. The stock has a market capitalization of $63.63 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.91 and a beta of 1.06. Fortinet has a 1-year low of $70.12 and a 1-year high of $114.82.

Insider Buying and Selling

In other Fortinet news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the sale, the vice president owned 10,210,282 shares in the company, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the sale, the chief executive officer directly owned 51,396,385 shares in the company, valued at $4,184,693,666.70. This trade represents a 0.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 17.20% of the company’s stock.

Institutional Trading of Fortinet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Fortinet by 6.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,305,352 shares of the software maker’s stock worth $137,800,000 after acquiring an additional 82,937 shares in the last quarter. Allstate Corp bought a new position in Fortinet in the 3rd quarter valued at $2,034,000. Asset Management One Co. Ltd. boosted its stake in Fortinet by 4.7% in the third quarter. Asset Management One Co. Ltd. now owns 402,278 shares of the software maker’s stock worth $33,824,000 after purchasing an additional 17,892 shares in the last quarter. Warther Private Wealth LLC grew its holdings in shares of Fortinet by 39.7% during the second quarter. Warther Private Wealth LLC now owns 182,160 shares of the software maker’s stock worth $19,258,000 after purchasing an additional 51,750 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Fortinet by 465.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 756,651 shares of the software maker’s stock valued at $64,255,000 after buying an additional 622,809 shares in the last quarter. Institutional investors 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.