Capital One Financial Estimates Fortinet Q1 Earnings

Fortinet, Inc. (NASDAQ:FTNT - Free Report) - Stock analysts at Capital One Financial issued their Q1 2026 earnings per share estimates for shares of Fortinet in a research report issued to clients and investors on Tuesday, April 15th. Capital One Financial analyst C. Murphy anticipates that the software maker will earn $0.49 per share for the quarter. The consensus estimate for Fortinet's current full-year earnings is $2.09 per share. Capital One Financial also issued estimates for Fortinet's Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.58 EPS and Q4 2026 earnings at $0.68 EPS.

Several other research analysts also recently commented on FTNT. Wells Fargo & Company increased their price objective on Fortinet from $85.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Robert W. Baird reiterated a "neutral" rating and issued a $112.00 target price (up from $105.00) on shares of Fortinet in a research report on Monday, February 3rd. Jefferies Financial Group lowered their price target on shares of Fortinet from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reiterated a "hold" rating on shares of Fortinet in a report on Friday, February 7th. Finally, Cantor Fitzgerald raised their target price on shares of Fortinet from $95.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $105.17.

Fortinet Price Performance

Shares of FTNT stock traded up $0.06 during mid-day trading on Thursday, hitting $96.13. 2,979,093 shares of the stock were exchanged, compared to its average volume of 5,085,692. The company has a quick ratio of 1.39, a current ratio of 1.47 and a debt-to-equity ratio of 0.67. Fortinet has a 52-week low of $54.57 and a 52-week high of $114.82. The firm has a fifty day moving average of $100.70 and a 200 day moving average of $95.28. The company has a market cap of $73.92 billion, a PE ratio of 42.54, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09.

Fortinet (NASDAQ:FTNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. Fortinet had a net margin of 29.30% and a return on equity of 256.53%.

Hedge Funds Weigh In On Fortinet

Hedge funds have recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its stake in Fortinet by 703.1% in the first quarter. SJS Investment Consulting Inc. now owns 257 shares of the software maker's stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Fortinet during the 4th quarter valued at about $27,000. Oarsman Capital Inc. grew its stake in shares of Fortinet by 188.9% in the 4th quarter. Oarsman Capital Inc. now owns 416 shares of the software maker's stock valued at $39,000 after buying an additional 272 shares in the last quarter. Graney & King LLC acquired a new position in Fortinet in the fourth quarter worth approximately $43,000. Finally, Banque Transatlantique SA bought a new position in Fortinet during the fourth quarter valued at approximately $43,000. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Keith Jensen sold 23,500 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $113.56, for a total value of $2,668,660.00. Following the completion of the sale, the chief financial officer now directly owns 4,736 shares of the company's stock, valued at $537,820.16. This represents a 83.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael Xie sold 326,784 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $98.17, for a total transaction of $32,080,385.28. Following the completion of the transaction, the vice president now owns 11,000,068 shares in the company, valued at approximately $1,079,876,675.56. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 576,944 shares of company stock valued at $56,944,064. Company insiders own 18.00% of the company's stock.

About Fortinet

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.