Research Analysts Offer Predictions for Fortinet Q1 Earnings

Fortinet, Inc. (NASDAQ:FTNT) – Research analysts at Capital One Financial issued their Q1 2026 earnings estimates for Fortinet in a report issued on Tuesday, April 15th. Capital One Financial analyst C. Murphy expects that the software maker will post earnings per share of $0.49 for the quarter. The consensus estimate for Fortinet’s current full-year earnings is $2.09 per share. Capital One Financial also issued estimates for Fortinet’s Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS and Q4 2026 earnings at $0.68 EPS.

A number of other research firms have also commented on FTNT. Citigroup boosted their price target on shares of Fortinet from $100.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Royal Bank of Canada boosted their target price on Fortinet from $97.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Guggenheim reaffirmed a “neutral” rating on shares of Fortinet in a report on Friday, February 7th. Susquehanna boosted their price objective on Fortinet from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Cantor Fitzgerald lifted their price target on Fortinet from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.17.

Fortinet Stock Up 0.1 %

Shares of NASDAQ:FTNT opened at $96.13 on Thursday. The company’s fifty day moving average is $100.70 and its 200-day moving average is $95.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.47. Fortinet has a 52 week low of $54.57 and a 52 week high of $114.82. The company has a market capitalization of $73.92 billion, a PE ratio of 42.54, a P/E/G ratio of 4.19 and a beta of 1.09.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 6th. The software maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Fortinet had a return on equity of 256.53% and a net margin of 29.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTNT. SJS Investment Consulting Inc. lifted its stake in Fortinet by 703.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 257 shares of the software maker’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Fortinet in the fourth quarter valued at approximately $27,000. Oarsman Capital Inc. boosted its stake in shares of Fortinet by 188.9% during the 4th quarter. Oarsman Capital Inc. now owns 416 shares of the software maker’s stock worth $39,000 after acquiring an additional 272 shares during the period. Graney & King LLC acquired a new position in shares of Fortinet during the 4th quarter worth approximately $43,000. Finally, Banque Transatlantique SA bought a new stake in Fortinet in the 4th quarter valued at $43,000. Institutional investors own 83.71% of the company’s stock.

Insider Transactions at Fortinet

In other news, Director Kenneth A. Goldman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 18,612 shares of the company’s stock, valued at approximately $1,861,200. This represents a 9.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Neukom bought 328 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $106.33 per share, for a total transaction of $34,876.24. Following the completion of the acquisition, the director now owns 300,006 shares of the company’s stock, valued at $31,899,637.98. The trade was a 0.11 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 576,944 shares of company stock valued at $56,944,064 over the last 90 days. 18.00% of the stock is owned by corporate insiders.

Fortinet Company Profile

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.