Fortinet is reissued as a "Strong Buy," with growth reaccelerating after inventory digestion and a robust beat on top and bottom lines. FTNT's product revenues surged 41% YoY, driven by AI data centers and a differentiated ecosystem, enabling continued market share gains. 2026 guidance includes $8.8–$9.1 billion in billings, 79%–81% gross margins, and $3.1–$3.16 EPS, supporting a FWD P/E of 46x and 13.4% YoY growth.
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Fortinet (FTNT) has surged 79% in six months, trading near all-time highs and at 47x forward earnings, reflecting robust demand-led growth. Q1 results showed 20% revenue growth, 31% billings growth, and broad-based product strength, driven by AI-driven security needs and platform adoption. Guidance calls for 18% full-year billings growth and 15% sales growth, supporting a double-digit upside and a plausible $180 price target.
Cybercriminals have compromised tens of thousands of Fortinet firewalls and VPNs used by major companies all over the world, according to two cybersecurity firms.
Fortinet (FTNT) reached $149.49 at the closing of the latest trading day, reflecting a +2.18% change compared to its last close.
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock?
Fortinet, Inc. (FTNT) Discusses Quantum Computing Threats and Strategies for Achieving Quantum-Safe Cybersecurity Transcript
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Fortinet stock soars 87.5% YTD on AI-driven security growth and strong earnings, but premium valuation and rising competition may temper upside.
Fortinet, Inc. (FTNT) Presents at Bank of America 2026 Global Technology Conference Transcript
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Fortinet NASDAQ: FTNT executives said demand for AI-related data center security, operational technology protection and sovereign SASE offerings is contributing to a stronger pipeline, while the company continues to see product growth supported by firewall demand.