FY2027 Earnings Forecast for Fortinet Issued By Scotiabank

Fortinet, Inc. (NASDAQ:FTNT) – Investment analysts at Scotiabank issued their FY2027 EPS estimates for shares of Fortinet in a report released on Thursday, March 19th. Scotiabank analyst P. Colville forecasts that the software maker will post earnings per share of $3.02 for the year. Scotiabank has a “Sector Perform” rating and a $85.00 price objective on the stock. The consensus estimate for Fortinet’s current full-year earnings is $2.09 per share.

A number of other brokerages have also commented on FTNT. Stifel Nicolaus set a $85.00 price objective on Fortinet in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upped their price target on Fortinet from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Friday, February 6th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Fortinet in a report on Thursday, March 12th. Freedom Capital lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Mizuho boosted their price objective on Fortinet from $72.00 to $74.00 and gave the stock an “underperform” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $88.62.

Fortinet Stock Performance

FTNT stock opened at $81.40 on Monday. The company has a 50 day moving average price of $81.10 and a 200 day moving average price of $81.89. Fortinet has a fifty-two week low of $70.12 and a fifty-two week high of $109.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.17 and a quick ratio of 1.09. The stock has a market capitalization of $60.23 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 2.81 and a beta of 1.05.

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. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. Fortinet’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS.

Institutional Trading of Fortinet

A number of hedge funds have recently modified their holdings of FTNT. Norges Bank bought a new stake in Fortinet in the second quarter valued at approximately $1,640,900,000. Vanguard Group Inc. boosted its position in shares of Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock worth $6,354,874,000 after purchasing an additional 2,894,355 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Fortinet by 38.9% during the fourth quarter. Van ECK Associates Corp now owns 7,730,954 shares of the software maker’s stock worth $613,915,000 after purchasing an additional 2,166,396 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Fortinet by 30.9% in the 3rd quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after buying an additional 1,790,033 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Fortinet by 76.2% in the 4th quarter. AQR Capital Management LLC now owns 4,109,016 shares of the software maker’s stock valued at $326,297,000 after buying an additional 1,777,115 shares during the period. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In related news, VP Michael Xie sold 343,106 shares of Fortinet stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $27,935,690.52. Following the completion of the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at $831,321,160.44. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $14,308,506.54. Following the completion of the sale, the chief executive officer owned 51,396,385 shares of the company’s stock, valued at $4,184,693,666.70. This represents a 0.34% decrease in their position. The SEC filing for this sale provides additional information. 18.00% of the stock is owned by company insiders.

Fortinet Company Profile

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.