Fortinet stock reports 25.6 percent revenue growth as targets diverge

Published on 10/04/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fortinet stock was last at USD 180.95 on October 2, 2026, after quarterly revenue rose 25.6 percent. Analysts retain a Hold consensus with a USD 152.79 target.

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Fortinet stock (ISIN US34959E1091) was last at USD 180.95 on Nasdaq on October 2, 2026, with a 1.25 percent session gain. The company reported quarterly revenue of USD 2.05 billion, up 25.6 percent year over year, putting operating execution ahead of the valuation debate.

Revenue growth sets the tone

MarketBeat reported that Fortinet's latest quarterly results, released on July 29, 2026, included adjusted EPS of USD 0.90 against a USD 0.75 consensus estimate. Revenue of USD 2.05 billion also exceeded the USD 1.89 billion estimate, while the year-over-year increase reached 25.6 percent.

The earnings comparison matters because it combines a double-digit sales increase with a USD 0.15 adjusted EPS beat. Fortinet's fiscal 2026 EPS guidance stands at USD 3.410-3.470, while third-quarter guidance is USD 0.830-0.870, according to MarketBeat.

Targets trail the Nasdaq price

The analyst picture is more restrained than the operating figures. MarketBeat lists a Hold consensus from 36 analysts, comprising 19 holds, 10 buys, 2 strong buys and 5 sells, with an average 12-month target of USD 152.79. That target is USD 28.16 below the October 2 price, making the gap a central counterweight to the revenue beat.

Individual views remain wider than the consensus. BTIG Research raised its target from USD 186.00 to USD 203.00 and retained a Buy rating in a July 30, 2026 report, while UBS listed a USD 180.00 target and a Neutral rating, according to MarketBeat.

October results date is set

Fortinet has scheduled its third-quarter 2026 results call for October 28, 2026, at 4:30 p.m. ET, according to GlobeNewswire. That event gives investors a defined checkpoint for testing whether the recent revenue and EPS momentum continues into the second half of fiscal 2026.

Fortinet stock holds near yearly high

Fortinet stock was last at USD 180.95 on Nasdaq on October 2, 2026, at 4:00 p.m. ET. The session range was USD 180.04 to USD 183.09, the 52-week range was USD 73.55 to USD 183.09, and market capitalization stood at USD 132.8 billion.