Fortinet stock gains 1.25 percent ahead of October 28 results
Published on 10/03/2026 at 22:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Fortinet stock (ISIN US34959E1091) was last at USD 180.95 on Nasdaq on October 2, 2026, at 4:00 p.m. ET, up 1.25 percent from the prior close. The next scheduled results event is October 28, when Fortinet will discuss its third quarter 2026 figures, according to Fortinet in its October 2, 2026 announcement.
Q2 revenue beats estimates
Fortinet reported Q2 2026 revenue of USD 2.05 billion, up 25.6 percent from the prior-year quarter and above the USD 1.89 billion consensus estimate, according to MarketBeat.
Adjusted earnings reached USD 0.90 per share versus the USD 0.75 consensus, a USD 0.15 beat. The same quarter produced a 25.6 percent revenue increase, giving the latest price move a quantified earnings backdrop rather than a purely technical explanation.
Analyst target trails the price
MarketBeat reported an average analyst rating of Hold and a USD 152.79 12-month price target on October 1, 2026, based on 36 analyst ratings, including 19 Holds, 10 Buys, 2 Strong Buys and 5 Sells.
The average target is USD 28.16 below the October 2 price. Individual views were more constructive: MarketBeat said BTIG raised its target from USD 186.00 to USD 203.00 while maintaining a Buy rating on July 30, 2026.
FortiMail risk adds a counterweight
Fortinet also warned on October 2, 2026, that a critical FortiMail vulnerability tracked as CVE-2026-104286 was being exploited in the wild. Cybersecurity Dive reported that the flaw could expose credentials and connected systems, while Fortinet recommended workarounds for affected customers.
Stock stays near its yearly high
Fortinet's October 2 market snapshot shows a 52-week range of USD 73.55 to USD 183.09, placing the latest price USD 2.14 below the high. Market capitalization stood at USD 132.8 billion, and reported volume was 3,403,414 shares.
The combination of 25.6 percent quarterly revenue growth, a USD 0.15 adjusted EPS beat and a scheduled October 28 results call gives investors three measurable checkpoints. The FortiMail disclosure supplies the main counter-factor to the upbeat earnings narrative.
Fortinet stock snapshot
- Company: Fortinet, Inc.
- ISIN: US34959E1091
- Ticker: FTNT
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 180.95, last at
- Market capitalization: USD 132.8 billion (as of October 2, 2026)
- 52-week range: USD 73.55-183.09 (as of October 2, 2026)
- Sector / Industry: Technology / Software - Infrastructure
- Index membership: Nasdaq-100
