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Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
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In the latest close session, Fortinet (FTNT - Free Report) was down 2.09% at $84.31. This change lagged the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 1.62%, and the technology-centric Nasdaq increased by 0.89%.
Heading into today, shares of the network security company had gained 6.11% over the past month, lagging the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
The investment community will be closely monitoring the performance of Fortinet in its forthcoming earnings report. The company is scheduled to release its earnings on May 6, 2026. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 5.17% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.73 billion, showing a 12.43% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.98 per share and a revenue of $7.6 billion, demonstrating changes of +7.97% and +11.74%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.55% higher. Currently, Fortinet is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Fortinet is currently trading at a Forward P/E ratio of 28.86. Its industry sports an average Forward P/E of 33.46, so one might conclude that Fortinet is trading at a discount comparatively.
Also, we should mention that FTNT has a PEG ratio of 2.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security was holding an average PEG ratio of 2.54 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Fortinet (FTNT) Stock Dips While Market Gains: Key Facts
In the latest close session, Fortinet (FTNT - Free Report) was down 2.09% at $84.31. This change lagged the S&P 500's daily gain of 1.02%. On the other hand, the Dow registered a gain of 1.62%, and the technology-centric Nasdaq increased by 0.89%.
Heading into today, shares of the network security company had gained 6.11% over the past month, lagging the Computer and Technology sector's gain of 20.71% and the S&P 500's gain of 12.23%.
The investment community will be closely monitoring the performance of Fortinet in its forthcoming earnings report. The company is scheduled to release its earnings on May 6, 2026. The company's earnings per share (EPS) are projected to be $0.61, reflecting a 5.17% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.73 billion, showing a 12.43% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.98 per share and a revenue of $7.6 billion, demonstrating changes of +7.97% and +11.74%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.55% higher. Currently, Fortinet is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Fortinet is currently trading at a Forward P/E ratio of 28.86. Its industry sports an average Forward P/E of 33.46, so one might conclude that Fortinet is trading at a discount comparatively.
Also, we should mention that FTNT has a PEG ratio of 2.6. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security was holding an average PEG ratio of 2.54 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 205, finds itself in the bottom 16% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.