Fortinet, IncNasdaq: FTNT
Information Technology · Systems Software
$86.32
+2.38%
Vol: 2.9M
Research Digest
Friday, May 1, 2026
Fortinet upgraded to Buy at Arete with $104 PT; World Economic Forum participation announced.
Fortinet upgraded to Buy from Neutral at Arete on April 27, 2026 with $104 PT, amid solid revenue growth and cloud security focus. Recently received Google Cloud Partner of the Year award for Workload Security and announced participation in World Economic Forum Annual Meeting on Cybersecurity 2026 (May 4-6 Geneva). Released 2026 Global Threat Landscape Report showing ransomware victims +389% YoY. Stock volatility persists due to mixed valuation concerns and hardware dependence, though AI integration presents upside potential.
Previous Market Intelligence
13 daysApr 30Fortinet upgrades analyst rating to Buy with $104 PT on April 27; Q1 2026 earnings release scheduled May 6; 2026 Threat Report shows 389% ransomware increase.Positive▶
Fortinet received analyst upgrade from Arete on April 27 to Buy from Neutral with $104 price target. Q1 2026 earnings release scheduled for May 6, 2026. Company released 2026 Global Cybersecurity Skills Gap Report on April 28 highlighting persistent talent shortages as AI raises both defensive opportunities and new risks. 2026 Global Threat Landscape Report (April 30) identified 7,831 confirmed ransomware victims in 2025, a 389% year-over-year increase. Company received Google Cloud Partner of the Year award for Workload Security and named 2026 Gartner Customers' Choice for Endpoint Protection (fourth consecutive year). FTNT declined 16.4% over 52 weeks but gained 8.1% YTD. Consensus rating among 43 analysts is Hold.
Apr 16Fortinet releases FortiOS 8.0 with AI security controls; faces critical vulnerability falloutMixed▶
Fortinet launched FortiOS 8.0 on April 2, 2026, expanding AI-driven security, next-gen SASE, and quantum-safe cryptography. However, the stock fell 7.1% after disclosure of critical FortiClient vulnerability now on exploited lists, amid sector concerns about AI-driven zero-day discovery tools. Q1 2026 earnings scheduled for May 6.
Apr 15Fortinet faces critical security vulnerability CVE-2026-35616; stock declines 7.1% on cybersecurity concerns.Negative▶
Fortinet disclosed a critical vulnerability (CVE-2026-35616) in FortiClient EMS with CVSS 9.1 score. CISA added it to Known Exploited Vulnerabilities on April 6. The stock declined 7.1% on the disclosure. Q1 2026 earnings will be announced on May 6. Barclays reaffirmed Hold rating on April 13. Despite the vulnerability, analysts project 13% billings growth for 2026. Consensus is Hold with average price target of $87.40.
Apr 14Fortinet under pressure after critical FortiClient vulnerability disclosure; Q1 earnings scheduled for May 6.Negative▶
Fortinet faced headwinds from critical vulnerability (CVE-2026-35616, CVSS 9.1) in FortiClient Endpoint Management Server that has been actively exploited. CISA added to Known Exploited Vulnerabilities catalog on April 6. Stock declined 4.91%. Q1 2026 results on May 6 at 1:30 p.m. PT.
Apr 13Fortinet stock declines 4.6-5% on actively exploited FortiClient EMS critical vulnerability (CVE-2026-35616).Negative▶
Fortinet disclosed CVE-2026-35616 affecting FortiClient Endpoint Management Server, allowing unauthenticated attackers to execute unauthorized code. Vulnerability is actively exploited in the wild. Company posted strong Q4 2025: revenue +15% YoY to $1.91B. FortiOS 8.0 added quantum-safe cryptography. Q1 earnings May 6 expected to show 12.43% YoY revenue growth. Consensus Hold with target $89.96.
Apr 10Fortinet schedules Q1 2026 earnings for May 6 while maintaining analyst focus amid cybersecurity sector strength.Neutral▶
Fortinet announced it will hold a conference call on May 6 at 1:30 p.m. to discuss Q1 2026 financial results. Stock near $80.66, down 3.41% recently. Analyst activity includes Cantor Fitzgerald maintaining Neutral rating at $87 and Stifel maintaining Hold at $85. Fortinet faces cautious analyst sentiment despite cybersecurity sector momentum around AI applications.
Apr 9Fortinet launches FortiOS 8.0 with AI controls; Q1 2026 earnings due May 6.Positive▶
Fortinet released FortiOS 8.0 in March with secure AI controls, fabric-based agents, SASE, and SD-WAN improvements. Security Operations Platform enhancements include unified SOC and agentic AI. Strong Q4 2025 results: $1.91B revenue (up 15% YoY), full-year revenue $6.80B (up 14%), Q4 product revenue $691M (up 20%), Q4 billings $2.37B (up 18%). Q1 2026 earnings call May 6 at 1:30 PM PT. Stock up 1.68% despite market volatility.
Apr 8Fortinet Launches FortiOS 8.0; Q1 Earnings Beat Streak ContinuesNeutral▶
Fortinet down 0.29% despite strong earnings beat streak with 13.46% average surprise. FortiOS 8.0 launch strengthens competitive position; Q2 earnings on May 6 expected to show 12.43% YoY revenue growth.
Apr 7Fortinet patches critical FortiClient EMS zero-day CVE-2026-35616 under active exploitationNegative▶
Fortinet released emergency hotfix for critical zero-day vulnerability CVE-2026-35616 in FortiClient EMS 7.4.5 and 7.4.6. Improper access control flaw allows unauthenticated code execution via specially crafted requests. CISA added to Known Exploited Vulnerabilities catalog. Shadowserver tracking ~2,000 exposed instances globally with U.S. and Germany leading. Q1 2026 earnings May 6.
Apr 6Fortinet reports strong Q4 2025 results with margin expansion; analyst upgrades amid AI security demand.Positive▶
Fortinet reported strong Q4 and full-year 2025 results with higher revenue and margins, expanding share repurchase authorization. The company introduced FortiOS 8.0 with secure AI controls and expanded security operations platform in March 2026. CEO insights highlight AI-driven security as key growth vector. First-quarter 2026 financial results scheduled for May 6, 2026. Well over half a million customers trust Fortinet's solutions, among the most deployed and patented in the industry. Analysts upgrade outlook amid mixed valuation picture. Stock price at $82.53 (up 1.70% in 24 hours, up 6.82% monthly). Consensus rating is Hold with 12-month price target of $88.35 (8.11% upside).
Apr 3Fortinet announced Q1 2026 earnings release scheduled for May 6, following strong Q4 2025 results with 15% YoY revenue growth to $1.91B.Positive▶
Fortinet reported Q4 2025 revenue of $1.91B (+15% YoY) with full-year revenue of $6.80B (+14%). Q4 product revenue reached $691M (+20% YoY) and Q4 billings were $2.37B (+18%). Launched FortiOS 8.0 and AI-driven security enhancements at Accelerate 2026. Q1 2026 earnings announcement scheduled for May 6. Stock gained 3.38% in last 24 hours.
Apr 2Fortinet launches FortiOS 8.0 with AI security; approves $1B share repurchasePositive▶
Fortinet launches FortiOS 8.0 with AI-driven security capabilities and $1B share repurchase authorization approved.
Apr 1Fortinet launches FortiOS 8.0 platform with new AI-driven security features; shows 6.9% YoY EPS growth expectations.Positive▶
Fortinet unveiled FortiOS 8.0 and expanded AI-driven Security Operations tools. Approximately 70% of total revenue now derives from high-margin services, with hardware sales growing 20% in Q4 2025. Analysts have a Hold consensus with average PT of $88.35 (8.1% upside).
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MSFTMICROSOFT | $414.02 | +1.53% | +9.4% | 21.2x | 1.11 | $3.03T |
| PANWPALO | $181.42 | +1.17% | +10.7% | 45.2x | 0.77 | $145.4B |
| CRWDCROWDSTRIKE | $455.81 | +2.26% | +11.8% | 72.2x | 1.07 | $113.0B |
| NOWSERVICENOW | $91.35 | +3.44% | -13.8% | 17.6x | 1.00 | $91.1B |
| FTNTFORTINET | $86.32 | +2.38% | +2.5% | 25.5x | 1.00 | $62.4B |
| GENGEN | $19.35 | +0.29% | -0.4% | 6.7x | 1.15 | $11.7B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.