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Fortinet (FTNT) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Fortinet (FTNT - Free Report) closed at $194.75, marking a +2.99% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Shares of the network security company have appreciated by 19.04% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.03%, and the S&P 500's gain of 1.34%.
The upcoming earnings release of Fortinet will be of great interest to investors. The company's earnings report is expected on October 28, 2026. It is anticipated that the company will report an EPS of $0.86, marking a 16.22% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.06 billion, showing a 19.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.45 per share and a revenue of $8.12 billion, representing changes of +25% and +19.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.57% higher. Fortinet presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Fortinet is at present trading with a Forward P/E ratio of 54.87. This represents a discount compared to its industry average Forward P/E of 56.08.
It's also important to note that FTNT currently trades at a PEG ratio of 3.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security was holding an average PEG ratio of 3.17 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 109, this industry ranks in the top 45% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Fortinet (FTNT) Outperforms Broader Market: What You Need to Know
In the latest trading session, Fortinet (FTNT - Free Report) closed at $194.75, marking a +2.99% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Shares of the network security company have appreciated by 19.04% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.03%, and the S&P 500's gain of 1.34%.
The upcoming earnings release of Fortinet will be of great interest to investors. The company's earnings report is expected on October 28, 2026. It is anticipated that the company will report an EPS of $0.86, marking a 16.22% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.06 billion, showing a 19.44% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.45 per share and a revenue of $8.12 billion, representing changes of +25% and +19.37%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Fortinet. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.57% higher. Fortinet presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Fortinet is at present trading with a Forward P/E ratio of 54.87. This represents a discount compared to its industry average Forward P/E of 56.08.
It's also important to note that FTNT currently trades at a PEG ratio of 3.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security was holding an average PEG ratio of 3.17 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 109, this industry ranks in the top 45% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.