Fortinet, Inc. (FTNT) stock forecast & analysis
136.08
NasdaqGS · USDDelayed by 15 minutes
Down: -3.02, -2.2%
136.44Up: +0.36, +0.3%
1 analysis
Latest analysis: · verdict locked
- Open
- 137.01
- Previous close
- 139.10
- Day range
- 134.40 – 138.79
- 52-week range
- 73.55 – 197.13
- Volume (shares)
- 8.67M
- Net assets
- Not available
- Expense ratio
- Not available
- Shares outstanding
- 733.71M
- P/E ratio
- 44.47
- Dividend yield
- 0.00%
- Beta
- 1.04
- Market cap
- 99.84B
Market Scanner’s AI analysis of Fortinet, Inc. (FTNT), updated October 2026: Fortinet's Q3 earnings beat consensus, but billings showed weakness amid a technical pullback.
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Summary
Fortinet's Q3 earnings beat consensus, but billings showed weakness amid a technical pullback.
Recent analyses covered Fortinet's Q3 earnings report, which indicated an earnings beat against consensus expectations. However, billings data suggested some softness. The company's stock is currently trading above its 50-day and 200-day moving averages, but has experienced a short-term momentum downturn.
FTNT news & sentiment
News coverage focused on Fortinet's Q3 earnings, noting an earnings beat but soft billings. Social media sentiment was not covered in the provided notes.
FTNT technical picture
The stock is trading above its 50-day and 200-day moving averages, confirming a long-term uptrend. However, short-term momentum has turned down, with the price falling below its 10-day EMA and the 20-day Bollinger midline, accompanied by a heavy-volume reversal in the latest session.
Fundamentals
Fortinet's trailing twelve months revenue reached $7.53B, with strong gross and operating margins. The company's trailing P/E ratio stands at 61.5x, with a forward P/E of 45.9x.
Factors discussed — upside
- Long-term uptrend remains intact.
- Stock price is above 50-day and 200-day moving averages.
- Q3 earnings and revenue topped consensus estimates.
- Gross margin of 80.2% and operating margin of 32.4%.
Factors discussed — risks
- Short-term momentum turned down in mid-October.
- Latest session showed a heavy-volume reversal.
- Price is below the 10-day EMA and 20-day Bollinger midline.
- Billings data showed weakness.
- Price is only 1.3% above the 50-day SMA.
- Technical analysis
- Q3 earnings
- Momentum indicators
- Financial performance
Summary updated .
FTNT technical indicators
Common technical indicators for FTNT, computed from its daily closing prices.
| Indicator | Value | Reading |
|---|---|---|
| 50-day simple moving average | 171.34 | Price below |
| 10-day exponential moving average | 165.13 | Price below |
| Relative strength index (14-day) | 26.63 | Oversold |
| MACD line (12/26/9) | -5.0039 | Below its signal line |
| Bollinger bands (20-day, 2σ) | 146.86 – 208.57 | Price below the lower band |
Analyses
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Frequently asked questions
- What is the bull case for Fortinet, Inc.?
- The analyses discussed the company's intact long-term uptrend and its position above key moving averages as supporting factors. Additionally, the reports noted Q3 earnings and revenue that surpassed consensus estimates, alongside strong gross and operating margins.
- What are the risks for Fortinet, Inc.?
- Risks highlighted in the analyses included a recent downturn in short-term momentum, a heavy-volume reversal in the latest trading session, and the stock trading below its 10-day EMA and 20-day Bollinger midline. Furthermore, billings data indicated some weakness, and the stock's proximity to its 50-day SMA was noted as thin support.
- Is Fortinet, Inc. bullish or bearish?
- Recent AI analyses of Fortinet, Inc. examined factors on both sides. Discussed upside: The analyses discussed the company's intact long-term uptrend and its position above key moving averages as supporting factors. Additionally, the reports noted Q3 earnings and revenue that surpassed consensus estimates, alongside strong gross and operating margins. Discussed risks: Risks highlighted in the analyses included a recent downturn in short-term momentum, a heavy-volume reversal in the latest trading session, and the stock trading below its 10-day EMA and 20-day Bollinger midline. Furthermore, billings data indicated some weakness, and the stock's proximity to its 50-day SMA was noted as thin support. These are descriptive observations, not a recommendation.
- What is the latest sentiment on Fortinet, Inc.?
- News coverage focused on Fortinet's Q3 earnings, noting an earnings beat but soft billings. Social media sentiment was not covered in the provided notes.
- How does Market Scanner analyse Fortinet, Inc.?
- Every analysis of Fortinet, Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.Read the methodology
What is the bull case for Fortinet, Inc.?
The analyses discussed the company's intact long-term uptrend and its position above key moving averages as supporting factors. Additionally, the reports noted Q3 earnings and revenue that surpassed consensus estimates, alongside strong gross and operating margins.
What are the risks for Fortinet, Inc.?
Risks highlighted in the analyses included a recent downturn in short-term momentum, a heavy-volume reversal in the latest trading session, and the stock trading below its 10-day EMA and 20-day Bollinger midline. Furthermore, billings data indicated some weakness, and the stock's proximity to its 50-day SMA was noted as thin support.
Is Fortinet, Inc. bullish or bearish?
Recent AI analyses of Fortinet, Inc. examined factors on both sides. Discussed upside: The analyses discussed the company's intact long-term uptrend and its position above key moving averages as supporting factors. Additionally, the reports noted Q3 earnings and revenue that surpassed consensus estimates, alongside strong gross and operating margins. Discussed risks: Risks highlighted in the analyses included a recent downturn in short-term momentum, a heavy-volume reversal in the latest trading session, and the stock trading below its 10-day EMA and 20-day Bollinger midline. Furthermore, billings data indicated some weakness, and the stock's proximity to its 50-day SMA was noted as thin support. These are descriptive observations, not a recommendation.
What is the latest sentiment on Fortinet, Inc.?
News coverage focused on Fortinet's Q3 earnings, noting an earnings beat but soft billings. Social media sentiment was not covered in the provided notes.
How does Market Scanner analyse Fortinet, Inc.?
Every analysis of Fortinet, Inc. runs the same five stages: four analysts read the market independently, a bull and a bear debate what they found, one agent turns the ruling into a position, three risk perspectives stress-test it, and a final agent writes the report. Market Scanner publishes what each stage does, with figures computed from the analyses on the platform rather than written in by hand.
Read the methodology- Bundles used
- claude-medium-v2
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