Fortinet Reports Strong Second Quarter 2026 Financial Results
Exceeds high end of second quarter guidance on revenue and profitability Raises 2026 revenue guidance to 19% year over year growth
GlobeNewsWire7/29/2026Neutral
FTNT
Fortinet IncNASDAQTECHNOLOGYSOFTWARE - INFRASTRUCTURE
Key Statistics
Market Cap
$109.88B
P/E Ratio
59.28
EPS
$2.53
Beta
1.09
52W High
$170.35
52W Low
$70.12
50-Day MA
$147.82
200-Day MA
$99.46
Dividend Yield
—
Profit Margin
27.50%
Forward P/E
51.55
PEG Ratio
3.56
About Fortinet Inc
Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.
Fundamentals
| Revenue (TTM) | $7.11B |
| Gross Profit (TTM) | $5.71B |
| EBITDA | $2.36B |
| Operating Margin | 31.30% |
| Return on Equity | 132.40% |
| Return on Assets | 13.60% |
| Revenue/Share (TTM) | $9.47 |
| Book Value | $1.35 |
| Price-to-Book | 112.80 |
| Price-to-Sales (TTM) | 15.46 |
| EV/Revenue | 15.31 |
| EV/EBITDA | 41.94 |
| Quarterly Earnings Growth (YoY) | 28.60% |
| Quarterly Revenue Growth (YoY) | 20.10% |
| Shares Outstanding | $732.65M |
| Float | $617.65M |
| % Insiders | 17.39% |
| % Institutions | 74.20% |
Historical Volatility
HV 10-Day
17.25%
HV 20-Day
38.43%
HV 30-Day
35.85%
HV 60-Day
53.90%
HV Rank
53.2%
Volatility is currently contracting
Analyst Ratings
Consensus ($135.57 target)
1
Strong Buy10
Buy27
Hold4
Sell2
Strong SellLatest News
Will Fortinet (FTNT) Beat Estimates Again in Its Next Earnings Report?
Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks Investment Research7/28/2026Positive
3 Cybersecurity Stocks to Buy Before Threats Get Worse in Late July
Cyber threats are escalating faster than most enterprise budgets can absorb, and the platform vendors capturing the largest share of that spend are pulling away from the pack.
24/7 Wall Street7/28/2026Negative
These 2 Computer and Technology Stocks Could Beat Earnings: Why They Should Be on Your Radar
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Zacks Investment Research7/28/2026Positive
Fortinet Expands FortiGate G Series with 1200G and FortiSASE Outpost to Advance Firewall and SASE Convergence
SUNNYVALE, Calif., July 28, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the FortiGate 1200G series, the newest addition to the FortiGate G series with FortiSASE Outpost, which brings cloud-delivered security services into customer-controlled environments.
GlobeNewsWire7/28/2026Neutral
Should You Buy Fortinet Stock Before July 29 Q2 Earnings?
Fortinet (NASDAQ:FTNT | FTNT Price Prediction) heads into Wednesday's Q2 earnings report with a record few cybersecurity companies can match: 24th consecutive quarter without an earnings miss.
24/7 Wall Street7/28/2026Negative
Fortinet Set to Report Q2 Earnings: What's in Store for the Stock?
FTNT gears up for Q2 earnings as AI security, Secure Networking and SASE demand take center stage amid revenue and margin expectations.
Zacks Investment Research7/27/2026Positive
Fortinet (FTNT) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Beyond analysts' top-and-bottom-line estimates for Fortinet (FTNT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.
Zacks Investment Research7/24/2026Positive
Fortinet heads into earnings with product growth in the spotlight
Fortinet Inc (NASDAQ:FTNT) is set to report its second quarter results on July 29, with Jefferies analysts highlighting that the company needs to show an acceleration in product revenue growth to support investor confidence in the durability of its recent performance. The firm expects solid product trends in the quarter, driven by price increases and improving channel checks, but wrote that investors will be looking for evidence the momentum can extend beyond the near term.
Proactive Investors7/23/2026Neutral
4 Cybersecurity Stocks to Buy Amid Rising Enterprise AI Adoption
FTNT, OKTA, S and ZS are well-positioned as rising enterprise AI adoption drives demand for AI security, identity protection and Zero Trust solutions.
Zacks Investment Research7/22/2026Positive
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Data last updated: 7/29/2026