Fortinet Reports Strong Q4 Growth and Optimistic Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy FTNT?
Source: NASDAQ.COM
Fortinet's stock rose 5.00% as it reached a 5-day high, following the announcement of its Q4 2025 financial results.
The company reported a significant 18% increase in billings to $2.37 billion, with total revenue growing 15% to $1.91 billion, driven by strong demand in the cybersecurity sector. Additionally, Fortinet's unified SASE billings surged 40%, indicating a robust competitive position in the cloud security market. The company also announced a $1 billion increase in its stock repurchase authorization, further boosting investor confidence in its long-term growth potential.
This strong performance and optimistic guidance for Q1 2026, with projected billings between $1.77 billion and $1.87 billion, reflect Fortinet's solid market execution and commitment to shareholder returns.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy FTNT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on FTNT
Wall Street analysts forecast FTNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTNT is 84.18 USD with a low forecast of 70.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
24 Analyst Rating
3 Buy
18 Hold
3 Sell
Hold
Current: 78.930
Low
70.00
Averages
84.18
High
100.00
Current: 78.930
Low
70.00
Averages
84.18
High
100.00
About FTNT
Fortinet, Inc. is engaged in cybersecurity, driving the convergence of networking and security. The Company’s integrated platform, Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (SASE) and artificial intelligence (AI)-driven security operations (SecOps). Its products and services include FortiOS, FortiASIC, FortiCloud, FortiAI, FortiEndpoint, and OT Security. The FortiGuard Labs is a cybersecurity threat intelligence and research organization comprised of experienced threat hunters, researchers, analysts, engineers and data scientists who develop and utilize machine learning and AI technologies. FortiGuard and Other Security Services are a suite of AI-powered security capabilities that are integrated as part of the Fortinet Security Fabric to deliver coordinated detection and enforcement across the entire attack surface. FortiCare Technical Support Service is a per-device technical support service. It also operates Fortinet Training Institute.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fortinet Reports Strong Q4 Earnings, Raises Guidance
- Earnings Beat: Fortinet reported Q4 earnings of $0.81 per share, exceeding the consensus estimate of $0.74 and improving from $0.74 a year ago, indicating enhanced profitability.
- Significant Revenue Growth: The company achieved revenue of $1.905 billion in Q4, surpassing expectations and rising nearly 15% year-over-year from $1.66 billion, reflecting strong market demand.
- Optimistic Guidance: Fortinet expects Q1 2026 revenue between $1.70 billion and $1.76 billion, with diluted non-GAAP EPS of $0.59 to $0.63, demonstrating confidence in future performance.
- Analyst Rating Divergence: While Rosenblatt raised its price target, Scotiabank downgraded Fortinet to sector perform with a target of $85, indicating a divide among analysts regarding the company's outlook.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives on their future performance, which could influence investor decisions and market sentiment.
- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock indicate mixed views on its future growth potential, prompting investors to pay close attention to the latest ratings and recommendations when considering purchases.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to timely adjust their investment strategies and optimize their portfolios.
- Market Sentiment Reflection: Changes in analyst ratings not only affect individual stock performance but can also impact overall market sentiment, urging investors to consider these factors comprehensively for informed investment decisions.
See More
Amazon Plans $200 Billion Capital Expenditure in 2026 Amid Tech Sell-Off
- Amazon's Capital Expenditure Surge: Amazon plans to increase its capital expenditure to $200 billion in 2026, nearly matching its total revenue of $213 billion for Q4, leading to an over 8% drop in stock price during morning trading, indicating market concerns about its financial health.
- Accelerating AWS Growth: CEO Andy Jassy reported a 24% growth rate for AWS, the fastest in 13 quarters, with an annualized revenue of $142 billion; however, management anticipates Q1 operating income will fall short of analyst expectations, reflecting intensified market competition.
- Bitcoin Price Volatility: Bitcoin has dropped 50% from its 2025 peak, falling to around $60,000, which reflects waning confidence in government support for cryptocurrencies, although some analysts suggest this is merely a market correction rather than the end of crypto.
- Severe Market Reactions: Despite a 10% revenue increase in Q3, DOCS and PIDoximity saw their stock plunge over 30% due to declining net income under margin pressure, highlighting investors' acute sensitivity to profitability.
See More
Movers in the Market: Amazon, Novo Nordisk, Molina, Roblox, Hub Group, and Others
- Stock Market Movement: Stock futures increased on Friday despite concerns regarding artificial intelligence spending.
- Big Tech Earnings Impact: Recent earnings reports from major technology companies did not alleviate fears related to AI investments.
See More
Fortinet Shares Climb Following Strong Earnings Report: How It May Avoid the Tech Market Decline.
- Stock Performance: Fortinet's stock rose on Friday despite a general market decline.
- Earnings Report: The cybersecurity company reported earnings that exceeded expectations and provided strong future guidance.
See More
US Stocks Plunge as Tech Sector Leads Decline
- Tech Sector Decline: Qualcomm's (QCOM) forecast of weaker-than-expected Q2 revenue led to an over 8% drop in its stock, triggering a sell-off across the tech sector, with the Nasdaq 100 index hitting a 2.5-month low, indicating waning investor confidence in technology stocks.
- Weak Labor Market Signals: Challenger's report revealed a staggering 117.8% year-over-year increase in job cuts for January, totaling 108,435, the highest for January since 2009, while initial jobless claims rose by 22,000 to 231,000, highlighting vulnerabilities in the US labor market that could hinder economic recovery.
- Bitcoin Plunge: Bitcoin (^BTCUSD) plummeted over 12% to a 1.25-year low, reflecting deepening negative momentum in the cryptocurrency market, with approximately $2 billion flowing out of Bitcoin ETFs in the past month, signaling a decline in investor confidence.
- Earnings Season Impact: Despite 150 S&P 500 companies set to report earnings this week, market focus on economic data intensifies, with S&P 500 earnings expected to grow by 8.4% in Q4, yet overall market sentiment remains suppressed by recent economic weakness.
See More
Fortinet Reports Strong Q4 Earnings, Raises Guidance
- Earnings Beat: Fortinet reported Q4 earnings of $0.81 per share, exceeding the consensus estimate of $0.74 and improving from $0.74 a year ago, indicating enhanced profitability.
- Significant Revenue Growth: The company achieved revenue of $1.905 billion in Q4, surpassing expectations and rising nearly 15% year-over-year from $1.66 billion, reflecting strong market demand.
- Optimistic Guidance: Fortinet expects Q1 2026 revenue between $1.70 billion and $1.76 billion, with diluted non-GAAP EPS of $0.59 to $0.63, demonstrating confidence in future performance.
- Analyst Rating Divergence: While Rosenblatt raised its price target, Scotiabank downgraded Fortinet to sector perform with a target of $85, indicating a divide among analysts regarding the company's outlook.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, reflecting varying market perspectives on their future performance, which could influence investor decisions and market sentiment.
- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock indicate mixed views on its future growth potential, prompting investors to pay close attention to the latest ratings and recommendations when considering purchases.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to timely adjust their investment strategies and optimize their portfolios.
- Market Sentiment Reflection: Changes in analyst ratings not only affect individual stock performance but can also impact overall market sentiment, urging investors to consider these factors comprehensively for informed investment decisions.
See More
Amazon Plans $200 Billion Capital Expenditure in 2026 Amid Tech Sell-Off
- Amazon's Capital Expenditure Surge: Amazon plans to increase its capital expenditure to $200 billion in 2026, nearly matching its total revenue of $213 billion for Q4, leading to an over 8% drop in stock price during morning trading, indicating market concerns about its financial health.
- Accelerating AWS Growth: CEO Andy Jassy reported a 24% growth rate for AWS, the fastest in 13 quarters, with an annualized revenue of $142 billion; however, management anticipates Q1 operating income will fall short of analyst expectations, reflecting intensified market competition.
- Bitcoin Price Volatility: Bitcoin has dropped 50% from its 2025 peak, falling to around $60,000, which reflects waning confidence in government support for cryptocurrencies, although some analysts suggest this is merely a market correction rather than the end of crypto.
- Severe Market Reactions: Despite a 10% revenue increase in Q3, DOCS and PIDoximity saw their stock plunge over 30% due to declining net income under margin pressure, highlighting investors' acute sensitivity to profitability.
See More
Movers in the Market: Amazon, Novo Nordisk, Molina, Roblox, Hub Group, and Others
- Stock Market Movement: Stock futures increased on Friday despite concerns regarding artificial intelligence spending.
- Big Tech Earnings Impact: Recent earnings reports from major technology companies did not alleviate fears related to AI investments.
See More
Fortinet Shares Climb Following Strong Earnings Report: How It May Avoid the Tech Market Decline.
- Stock Performance: Fortinet's stock rose on Friday despite a general market decline.
- Earnings Report: The cybersecurity company reported earnings that exceeded expectations and provided strong future guidance.
See More
US Stocks Plunge as Tech Sector Leads Decline
- Tech Sector Decline: Qualcomm's (QCOM) forecast of weaker-than-expected Q2 revenue led to an over 8% drop in its stock, triggering a sell-off across the tech sector, with the Nasdaq 100 index hitting a 2.5-month low, indicating waning investor confidence in technology stocks.
- Weak Labor Market Signals: Challenger's report revealed a staggering 117.8% year-over-year increase in job cuts for January, totaling 108,435, the highest for January since 2009, while initial jobless claims rose by 22,000 to 231,000, highlighting vulnerabilities in the US labor market that could hinder economic recovery.
- Bitcoin Plunge: Bitcoin (^BTCUSD) plummeted over 12% to a 1.25-year low, reflecting deepening negative momentum in the cryptocurrency market, with approximately $2 billion flowing out of Bitcoin ETFs in the past month, signaling a decline in investor confidence.
- Earnings Season Impact: Despite 150 S&P 500 companies set to report earnings this week, market focus on economic data intensifies, with S&P 500 earnings expected to grow by 8.4% in Q4, yet overall market sentiment remains suppressed by recent economic weakness.
See More
