FTNT Stock Recent News

In the latest trading session, Fortinet (FTNT) closed at $100.2, marking a -6.92% move from the previous day.

Fortinet's recurring revenues climb as demand for SASE and SecOps solutions drives its subscription model forward.

Fortinet beats Check Point with superior growth momentum, stronger SASE positioning, and firewall refresh catalysts.

More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the C-suite is responsible for OT, up from 41% in 2022 More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the C-suite is responsible for OT, up from 41% in 2022

It's not exactly a secret that big technology stocks like Microsoft, Nvidia, and Alphabet have led the market for several years now. And rightfully so.

Over the past few months, market momentum has surged, with several sectors outperforming the broader market. While financials, technology, and even utilities have all shown strength, the cybersecurity industry remains a consistent outperformer.

We rate Fortinet a Strong Buy with a $148 price target, driven by a subscription-led mix shift and unified platform momentum. Accelerating SASE and AI-powered SecOps adoption, plus a dominant firewall franchise, support recurring revenue durability and double-digit EPS growth through FY27. Valuation offers a 44% upside with a 50x FY26E P/E, below historical and peer medians, providing a margin of safety and asymmetric risk/reward.

The cybersecurity industry enjoys robust growth, with remote work, cloud, and AI providing strong tailwinds for Fortinet. Fortinet is led by its founders, who have a proven track record and a substantial stake in the company. Margin expansion, strong revenue growth, and high ROIC highlight Fortinet's focus on profitability versus peers.

SUNNYVALE, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its second quarter 2025 financial results on Wednesday, August 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Fortinet earns top ranking in both Strategic Direction and Capability Fortinet earns top ranking in both Strategic Direction and Capability