Fortinet stock gained 1.76 percent before October 28 results

Published on 10/06/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortinet stock was last at USD 184.13 on October 5 after a 1.76 percent gain. Q2 revenue rose 25.6 percent to USD 2.05 billion, while October 28 marks the next results date.

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Fortinet stock (ISIN US34959E1091) was last at USD 184.13 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, up 1.76 percent from the previous close. The company has raised its full-year 2026 outlook, and its next quarterly report is scheduled for October 28, 2026.

October results set for October 28

Fortinet announced on October 2, 2026 that it will publish third-quarter 2026 financial results on October 28, 2026, followed by an earnings call at 4:30 p.m. EDT. That date gives the market a clear checkpoint for testing whether the recent growth rate can continue.

The timing matters because the second-quarter figures showed acceleration in the hardware business. Fortinet reported product revenue of USD 773 million, up 52 percent year over year, while service revenue reached USD 1.27 billion, according to MarketBeat in its October 6, 2026 report.

Guidance points to 19 percent growth

Fortinet's second-quarter revenue rose 25.6 percent to USD 2.05 billion, while quarterly earnings per share reached USD 0.90 versus a USD 0.75 consensus estimate, MarketBeat reported. The USD 0.15 earnings beat and the revenue increase provide a quantified explanation for the higher outlook.

For fiscal 2026, management guides to revenue of USD 8.02 billion to USD 8.18 billion, billings of USD 9.35 billion to USD 9.55 billion, and non-GAAP earnings per share of USD 3.410 to USD 3.470. The same guidance includes a non-GAAP operating margin of 35 percent to 37 percent, keeping profitability central to the October results.

Hold consensus trails the quote

MarketBeat lists a Hold consensus from 36 analysts, comprising 19 Hold ratings, 10 Buy ratings, 2 Strong Buy ratings, and 5 Sell ratings. Its average 12-month price target is USD 152.79, which is USD 31.34 below the October 5 Nasdaq price of USD 184.13, according to MarketBeat on October 1, 2026.

The contrast is important: operating growth is running ahead of the prior-year comparison, but the consensus target remains below the market quotation. Fortinet therefore enters the October 28 report with higher expectations and a valuation that leaves less room for an earnings disappointment.

Fortinet stock stays near yearly high

Fortinet stock was last at USD 184.13 on Nasdaq on October 5, 2026 at 4:00 p.m. ET, with a 52-week range of USD 73.55 to USD 184.63, market capitalization of USD 135.1 billion, and volume of 3,057,345 shares.