Headquartered in Sunnyvale, California, Fortinet, Inc. (FTNT) is a cybersecurity company that develops integrated security and networking solutions. With a market capitalization of $125.4 billion, the company protects businesses’ networks, devices, applications, and data from cyber threats using firewalls, AI-powered threat detection, automated security operations, and secure connectivity technologies.
FTNT is set to report its Q3 fiscal 2026 earnings on Wednesday, October 28, 2026, after the market closes. Ahead of the release, analysts expect the company to report diluted EPS of 77 cents, up 18.5% from 65 cents in the year-ago quarter. Moreover, FTNT has exceeded Wall Street’s EPS estimates in each of the past four quarters, which is impressive.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
For fiscal 2026, analysts expect FTNT to report EPS of $3.10, reflecting a substantial 28.1% increase from $2.42 in fiscal 2025. EPS is projected to increase another 11.3% year over year to $3.45 in fiscal 2027.
www.barchart.comFTNT stock has gained a staggering 105.3% over the past 52 weeks, significantly outperforming both the S&P 500 Index ($SPX), which returned 15.2%, and the State Street Technology Select Sector SPDR ETF (XLK), which posted a 30.8% gain over the same period.
www.barchart.comFortinet’s stock reached record highs over the past year, demonstrating notable relative strength against the broader technology sector. Its outperformance was driven by accelerating demand for AI-driven cybersecurity, as expanding AI adoption creates new vulnerabilities and increases the need for advanced cyber defenses. On September 15, Fortinet announced the opening of a company-owned Innovation Hub in New York City to expand customer and partner access to its experts, technology demonstrations, executive briefings, and training. The facility may also strengthen relationships with financial services organizations facing increasingly complex cybersecurity requirements. Following the announcement, FTNT shares rose 1.3% that day.
Yet, analysts remain neutral on FTNT, with the stock carrying a consensus “Hold” rating. Of the 42 analysts covering the stock, nine recommend a “Strong Buy,” 29 rate it a “Hold,” and four recommend a “Strong Sell.” Meanwhile, FTNT’s current share price of $174.05 is above the average analyst price target of $172.31.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
With Attractive Valuations and Robust Growth, Nvidia Stock Is Positioned to Create Value Google Hits Major Quantum Breakthrough. This Could Be a Game-Changer for GOOGL Stock. Nebius Stock Alert: I’m Watching This 43% Crash as AI Bubble Fears Return Apple Has Joined the $5 Trillion Club. Its Holiday Quarter Now Faces a Big Test