Barclays Maintains Equal-Weight on Fortinet, Lowers Price Target to $70
$FTNT
Computer peripheral equipment
Technology
Barclays analyst Saket Kalia maintains Fortinet (NASDAQ:FTNT) with a Equal-Weight and lowers the price target from $75 to $70.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2026 | $64.00 | Underweight | Wells Fargo |
| 2/9/2026 | $90.00 → $95.00 | Market Perform | BMO Capital Markets |
| 2/2/2026 | $85.00 | Sector Outperform → Sector Perform | Scotiabank |
| 1/29/2026 | $100.00 | Neutral → Buy | Rosenblatt |
| 1/23/2026 | $100.00 | Hold → Buy | TD Cowen |
| 12/17/2025 | $75.00 | Neutral → Underweight | Analyst |
| 11/12/2025 | $86.00 | Outperform → Neutral | Daiwa Securities |
| 9/2/2025 | $67.00 | Equal-Weight → Underweight | Morgan Stanley |
SUNNYVALE, Calif. and LAS VEGAS, March 10, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced FortiOS 8.0, the latest release of the operating system that powers the Fortinet Security Fabric. Introduced as part of Fortinet's Secure Networking innovation at Fortinet Accelerate 2026, FortiOS 8.0 delivers powerful new AI-driven security, next-generation SASE, and quantum-safe capabilities to help organizations simplify their security architectures while delivering consistent protection and performance across the entire digital infrastructure. "FortiOS 8.0 reflects more than 25 years of contin
SUNNYVALE, Calif. and LAS VEGAS, March 10, 2026 (GLOBE NEWSWIRE) -- Accelerate 2026 -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced major innovations across the Fortinet Security Operations (SecOps) platform at Fortinet Accelerate 2026. Updates feature next-generation SecOps advancements, including expanded agentic AI capabilities, a preview of FortiSOC, managed services, and endpoint security enhancements delivered through FortiEndpoint. As attackers weaponize AI to accelerate reconnaissance, exploit development, and social engineering, security operations must function with the same speed and coordination. F
SUNNYVALE, Calif., March 06, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it will host an investor briefing session for financial analysts and investors on Tuesday, March 10, 2026 at 3:00pm PT during its Accelerate 2026 customer and partner conference. The event will be broadcast live in listen-only mode on the company's investor relations website at http://investor.fortinet.com. Additional Resources Read more about the Fortinet Security Fabric.Visit fortinet.com/trust to learn more about Fortinet innovation, collaboration partners, product security processes, and enterprise-grade p
Wells Fargo initiated coverage of Fortinet with a rating of Underweight and set a new price target of $64.00
BMO Capital Markets reiterated coverage of Fortinet with a rating of Market Perform and set a new price target of $95.00 from $90.00 previously
Scotiabank downgraded Fortinet from Sector Outperform to Sector Perform and set a new price target of $85.00
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
8-K - Fortinet, Inc. (0001262039) (Filer)
SCHEDULE 13G/A - Fortinet, Inc. (0001262039) (Subject)
10-Q - Fortinet, Inc. (0001262039) (Filer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
SUNNYVALE, Calif. and DAYTONA BEACH, Fla., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The LPGA Tour and Fortinet, Inc. (NASDAQ:FTNT) today announced a multiyear deal where Fortinet, the global cybersecurity leader driving the convergence of networking and security, will be the title partner of the Founders Cup. The 2026 event will be played March 19-22 with a $3 million purse, up from $2 million in 2025. "We're fired up to welcome Fortinet as the title partner of the Founders Cup and grateful for their commitment to elevating this historic event," said LPGA Commissioner Craig Kessler. "The Founders Cup is about honoring the 13 women who built the LPGA from the ground up, and there's no better stag
SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the addition of Janet Napolitano to the company's board of directors, adding further national security and public policy expertise to the board. Appointing Janet to the board of directors builds on Fortinet's ongoing commitment to advancing cybersecurity for society at large through its product development principles and strategic partnerships. Janet will help advance Fortinet's public and private sector initiatives, advise on the company's ongoing efforts related to CISA's Secure by Design Pledge, and strengthen
SUNNYVALE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that KDDI leveraged Fortinet Unified SASE as a new managed secure access service edge (SASE) service. The service from KDDI utilizes Fortinet's industry-leading Unified SASE solution as the core product for its Global SASE Platform Service by Fortinet offering. The Global SASE Platform Service by Fortinet unifies and centrally manages different security policies and standards, simplifying complex networks that require highly secure hybrid work environments from any location globally. In addition, by
Fourth Quarter 2025 Highlights Revenue grew 15% year over year to $1.91 billionProduct revenue grew 20% year over year to $691 millionBillings grew 18% to $2.37 billion1Unified SASE billings grew 40%GAAP operating margin of 33% Non-GAAP operating margin of 37%1 Full Year 2025 Highlights Revenue grew 14% year over year to $6.80 billionProduct revenue grew 16% year over year to $2.22 billionBillings grew 16% to $7.55 billion1Unified SASE & SecOps billings grew 24%GAAP operating margin of 31%Non-GAAP operating margin of 35%1Free cash flow of $2.21 billion1Exceeded the ‘Rule of 45' for the sixth consecutive year2 SUNNYVALE, Calif., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT),
SUNNYVALE, Calif., Jan. 05, 2026 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and full year 2025 financial results on Thursday, February 5, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company's investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start. The CEO and CFO's prepared remarks, supplemental slides and a call
Highlights Revenue grew 14% year over year to $1.72 billion Product revenue grew 18% year over year to $559.3 millionBillings grew 14% year over year to $1.81 billion1Record third quarter GAAP operating margin of 32%Record third quarter Non-GAAP operating margin of 37%1 SUNNYVALE, Calif., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the third quarter ended September 30, 2025. "We are pleased with our excellent third quarter results, driven by our leading innovation and customer-first culture resulting in broad-based demand for our solutions across organiz
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)