Fortinet (FTNT) Set to Announce Earnings on Wednesday

Fortinet (NASDAQ:FTNT) is expected to be announcing its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.86 per share and revenue of $2.06 billion for the quarter. Fortinet has set its FY 2026 guidance at 3.410-3.470 EPS and its Q3 2026 guidance at 0.830-0.870 EPS. Interested persons may review the information on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Wednesday, July 29th. The software maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. Fortinet had a return on equity of 191.54% and a net margin of 28.17%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the company earned $0.64 EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts expect Fortinet to post $3.10 EPS for the current fiscal year and $3.45 EPS for the next fiscal year.

Fortinet Stock Down 0.3%

FTNT stock opened at $170.93 on Wednesday. The stock has a market cap of $125.41 billion, a P/E ratio of 60.19, a PEG ratio of 3.20 and a beta of 1.03. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.32. Fortinet has a twelve month low of $73.55 and a twelve month high of $197.13. The company’s 50 day moving average is $169.65 and its two-hundred day moving average is $144.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FTNT shares. Stifel Nicolaus set a $175.00 target price on shares of Fortinet and gave the company a “hold” rating in a report on Thursday, July 30th. Yorkville Ives initiated coverage on Fortinet in a report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price target on the stock. William Blair reissued a “market perform” rating on shares of Fortinet in a report on Tuesday, July 21st. Roth Capital boosted their price target on Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Evercore set a $165.00 price objective on Fortinet in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $161.39.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 161,482 shares of Fortinet stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $162.66, for a total transaction of $26,266,662.12. Following the completion of the transaction, the chief executive officer owned 52,972,372 shares of the company’s stock, valued at $8,616,486,029.52. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Whittle sold 2,835 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $168.74, for a total transaction of $478,377.90. Following the completion of the sale, the chief operating officer directly owned 96,987 shares in the company, valued at $16,365,586.38. This trade represents a 2.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 221,303 shares of company stock valued at $36,164,034. Insiders own 17.60% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc develops cybersecurity products and services designed to protect networks, endpoints, applications, cloud environments and operational technology systems. The company’s portfolio includes next-generation firewalls, secure networking products, endpoint security, web application security, email security, identity and access solutions, and security information and event management tools.

Its product offerings include FortiGate network security appliances and cloud-based firewalls, along with FortiSwitch, FortiAP and FortiExtender solutions for secure connectivity.