Fortinet, Inc. (FTNT) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Fortinet (NASDAQ:FTNT | FTNT Price Prediction) just received an analyst downgrade from DZ Bank, with the firm moving to a Hold rating and a $125 price target.
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Fortinet delivered a strong Q1, with revenue up 20% YoY to $1.85B, beating consensus by 6.7%. Billings grew 31% YoY and deferred revenue reached $7.35B, underscoring robust demand and revenue visibility. Operating leverage improved margins; GAAP operating margin rose to 31.4%, and net income increased 23.3% YoY.
Fortinet (FTNT) delivered a 32% EPS beat in Q1 FY2026, driving a 25% stock surge and raised full-year guidance, signaling robust underlying business momentum. FTNT's vertically integrated hardware-software model delivers superior efficiency, elite profitability (A+ Quant Rating), and strong recurring revenue, consistently exceeding the Rule of 45. Resilience is evidenced by FTNT's outperformance during sector downturns, supported by broad customer diversification, significant buybacks, and a strong technological moat.
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Explore how Fortinet's (FTNT) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Fortinet (FTNT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
FTNT posts Q1 beats on earnings and revenues, fueled by strong enterprise demand and growth across AI security, SASE and OT markets.
Fortinet Inc (NASDAQ:FTNT) reported stronger-than-expected results for the first quarter of 2026, sending its shares more than 21% higher to about $109 on Thursday morning. For Q1, revenue rose 20% year over year to $1.85 billion, compared with analyst expectations of about $1.73 billion.
AI ransomware and data centers are both driving up demand for Fortinet's products, analyst Gray Powell said.