Q2 Earnings Estimate for Fortinet Issued By Zacks Research

Fortinet, Inc. (NASDAQ:FTNT - Free Report) - Equities researchers at Zacks Research raised their Q2 2025 earnings estimates for Fortinet in a report released on Tuesday, May 27th. Zacks Research analyst R. Department now expects that the software maker will post earnings per share of $0.52 for the quarter, up from their previous forecast of $0.50. The consensus estimate for Fortinet's current full-year earnings is $2.09 per share. Zacks Research also issued estimates for Fortinet's FY2025 earnings at $2.15 EPS, Q1 2026 earnings at $0.50 EPS, Q2 2026 earnings at $0.53 EPS, FY2026 earnings at $2.29 EPS and FY2027 earnings at $2.65 EPS.

Other analysts also recently issued research reports about the stock. Scotiabank decreased their price target on shares of Fortinet from $135.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Thursday, May 8th. Wolfe Research initiated coverage on shares of Fortinet in a research report on Monday, May 12th. They set a "peer perform" rating for the company. DZ Bank raised shares of Fortinet from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group decreased their price target on shares of Fortinet from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, March 31st. Finally, UBS Group decreased their price target on shares of Fortinet from $115.00 to $105.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $104.80.

Fortinet Stock Down 0.0%

Shares of FTNT stock traded down $0.02 during mid-day trading on Thursday, reaching $102.02. 17,092,383 shares of the company were exchanged, compared to its average volume of 5,019,613. Fortinet has a fifty-two week low of $54.57 and a fifty-two week high of $114.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.39 and a current ratio of 1.47. The company has a market capitalization of $78.09 billion, a P/E ratio of 45.14, a P/E/G ratio of 4.19 and a beta of 1.16. The business's 50 day simple moving average is $99.68 and its 200 day simple moving average is $99.47.

Fortinet (NASDAQ:FTNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Fortinet had a net margin of 29.30% and a return on equity of 256.53%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $0.43 earnings per share. Fortinet's revenue for the quarter was up 13.8% on a year-over-year basis.

Insider Buying and Selling

In other Fortinet news, Director William H. Neukom purchased 328 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $106.33 per share, with a total value of $34,876.24. Following the transaction, the director now directly owns 300,006 shares in the company, valued at approximately $31,899,637.98. This represents a 0.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ken Xie sold 158,488 shares of Fortinet stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.10, for a total value of $16,815,576.80. Following the completion of the transaction, the chief executive officer now directly owns 51,391,879 shares in the company, valued at approximately $5,452,678,361.90. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 697,818 shares of company stock worth $69,539,128. 17.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTNT. Saudi Central Bank bought a new stake in shares of Fortinet during the first quarter valued at approximately $25,000. SJS Investment Consulting Inc. increased its position in shares of Fortinet by 703.1% during the first 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 period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Fortinet during the fourth quarter valued at approximately $27,000. Clearstead Trust LLC bought a new stake in shares of Fortinet during the first quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Fortinet by 2,184.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 297 shares of the software maker's stock valued at $29,000 after purchasing an additional 284 shares during the period. 83.71% of the stock is owned by institutional investors.

About Fortinet

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.