Fortinet (FTNT) Projected to Post Quarterly Earnings on Thursday

by · The Cerbat Gem

Fortinet (NASDAQ:FTNT – Get Free Report) is expected to be issuing its Q4 2025 results after the market closes on Thursday, February 5th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $1.8597 billion for the quarter. Interested persons may review the information on the company’s upcoming Q4 2025 earning report for the latest details on the call scheduled for Thursday, February 5, 2026 at 4:30 PM ET.

Fortinet (NASDAQ:FTNT – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Fortinet had a net margin of 28.58% and a return on equity of 118.27%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, analysts expect Fortinet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fortinet Stock Performance

Shares of Fortinet stock opened at $79.30 on Wednesday. The firm has a fifty day moving average of $80.36 and a two-hundred day moving average of $83.09. The stock has a market capitalization of $58.97 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.83 and a beta of 1.06. Fortinet has a 52 week low of $70.12 and a 52 week high of $114.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 1.03.

Key Stories Impacting Fortinet

Here are the key news stories impacting Fortinet this week:

  • Positive Sentiment: Rosenblatt flagged potential Q4 upside from tax incentives and improved sales execution, suggesting earnings could beat expectations and provide support. Rosenblatt Q4 Upside
  • Positive Sentiment: Market coverage noting Fortinet’s upgrade and resilient ARR growth as signs that the cybersecurity group may be finding support ahead of earnings — a constructive signal for investors focused on recurring revenue and AI-related deals. MarketBeat: CrowdStrike & Fortinet Context
  • Neutral Sentiment: Zacks previews Q4 and highlights expected revenue guidance of $1.825–$1.885B and steady EPS, noting AI data-center deals could shape results — useful context but not a direct catalyst until results/guidance are confirmed. Zacks Q4 Preview
  • Neutral Sentiment: Another Zacks piece compiles Wall Street estimates for key metrics ahead of the quarter — important for positioning but not an immediate price driver. Zacks Estimates
  • Neutral Sentiment: The published short-interest data is effectively zero/ambiguous and does not appear to be a meaningful near-term pressure point. (No actionable short squeeze signal.)
  • Negative Sentiment: Insider selling: VP Michael Xie sold 343,106 shares (~$27.9M at ~$81.42) and CEO Ken Xie sold 175,737 shares (~$14.3M), reducing their holdings modestly — large insider sales often weigh on sentiment even when insiders retain sizeable positions. Michael Xie SEC Filing Ken Xie SEC Filing
  • Negative Sentiment: Analyst downgrades and reassessments of 2026 growth (including a Scotiabank downgrade) have pressured shares as investors mark down forward growth expectations; coverage notes led to a near-term slip in the stock. Scotiabank Downgrade Analyst Reassessment
  • Negative Sentiment: Market write-ups (e.g., Seeking Alpha) note the stock slipped after the Scotiabank downgrade, reflecting immediate market reaction to the weaker outlook. Seeking Alpha: Slip After Downgrade

Insider Activity at Fortinet

In related news, VP Michael Xie sold 343,106 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $81.42, for a total value of $27,935,690.52. Following the sale, the vice president directly owned 10,210,282 shares of the company’s stock, valued at approximately $831,321,160.44. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 175,737 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $81.42, for a total transaction of $14,308,506.54. Following the completion of the transaction, the chief executive officer directly owned 51,396,385 shares of the company’s stock, valued at approximately $4,184,693,666.70. The trade was a 0.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 18.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FTNT. Wexford Capital LP acquired a new stake in Fortinet in the 3rd quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new position in shares of Fortinet during the 3rd quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Fortinet in the third quarter valued at approximately $33,000. Triumph Capital Management bought a new stake in shares of Fortinet in the third quarter worth $44,000. Finally, iSAM Funds UK Ltd bought a new stake in shares of Fortinet in the third quarter worth $101,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FTNT has been the subject of a number of recent analyst reports. UBS Group dropped their price objective on Fortinet from $90.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Hsbc Global Res lowered Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fortinet in a research note on Monday, December 29th. Rosenblatt Securities upgraded shares of Fortinet from a “neutral” rating to a “buy” rating and increased their price target for the company from $85.00 to $100.00 in a research report on Thursday, January 29th. Finally, Robert W. Baird decreased their price objective on shares of Fortinet from $90.00 to $86.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $90.48.

Read Our Latest Analysis on Fortinet

Fortinet Company Profile

(Get Free Report)

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.

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