Fortinet Is Down 28% YTD, But Its Free Cash Flow Just Hit a Record $2.21 Billion
A popular name in the Cybersecurity world, Fortinet ( NASDAQ:FTNT ) shares are trading at $77 as of February 25, down 28% from a year ago, and it should go without saying that the business case for optimism is harder to dismiss than the stock chart suggests.
Is Fortinet Entering Its Next Phase?
Fortinet (NASDAQ:FTNT) is not just another entity in the cybersecurity realm; its recent financial outcomes depict a convincing narrative of ongoing growth and profitability within a swiftly advancing market. In the complete fiscal year 2025, the firm reported revenues of $6.80 billion, reflecting a 14% increase from the previous year, while billings rose 16% to $7.55 billion.
Fortinet: Preparing The Growth
Fortinet delivered 13% sales growth in a transitional year, maintaining leadership in firewalls and expanding Unified SASE revenue by 40%. Despite product growth outpacing services, FTNT preserved strong margins and improved working capital, with FCF/share up 19.6% and inventory days down to 98. Guidance calls for 11% service revenue growth and non-GAAP EPS of $2.94–$3, with acceleration expected in 2026 as product sales drive future services.
4 Reasons Fortinet Could Be at a Buyable Bottom
Factors are aligning that suggest Fortinet NASDAQ: FTNT stock will rebound in 2026, with a 15% to 30% gain. They include technical setup, results, analyst trends, and institutional activity, collectively providing support and a tailwind for price action.
Fortinet (FTNT) Reliance on International Sales: What Investors Need to Know
Explore Fortinet's (FTNT) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Palo Alto Vs. Fortinet: Why Fortinet Comes Out On Top
Palo Alto leads in market share and recurring revenue diversification but faces slowing subscription growth amid intensifying competition. Fortinet is favored for robust profitability, strong revenue growth, and a significant hardware refresh cycle opportunity. Both companies face rising competition from Microsoft and CrowdStrike and could see challenges in maintaining market share.
Fortinet Q4 Earnings & Revenues Beat Estimates, Increase Y/Y
FTNT tops Q4 estimates as earnings and revenues rise year over year, fueled by strong enterprise demand and momentum in Unified SASE and Security Ops.
Fortinet fourth quarter earnings beat driven by enterprise demand
Fortinet Inc (NASDAQ:FTNT) reported fourth-quarter 2025 earnings that exceeded analyst expectations on both revenue and earnings per share, sending its stock about 3% higher in early trade on Friday. For the quarter, the cybersecurity firm reported EPS of $0.81, above the Wall Street consensus estimate of $0.74, and revenue of $1.91 billion, surpassing the $1.86 billion forecast.
Fortinet, Inc. (FTNT) Q4 2025 Earnings Call Transcript
Fortinet, Inc. (FTNT) Q4 2025 Earnings Call Transcript
Fortinet (FTNT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Fortinet (FTNT) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Fortinet (FTNT) Surpasses Q4 Earnings and Revenue Estimates
Fortinet (FTNT) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.74 per share a year ago.
Fortinet Gears Up to Report Q4 Earnings: How to Play the Stock
FTNT heads into Q4 earnings with revenues guided to $1.825-$1.885B and steady EPS, as AI data center deals shape results.
