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FTFTNT

Fortinet, Inc.

$FTNT·$115B·Software - Infrastructure·Technology
$160.78-2.3%YTD+101.1%1Y+55.4%
Mentions · last 7 days
2026-07-09: 166 posts2026-07-10: 202 posts2026-07-11: 82 posts2026-07-12: 131 posts2026-07-13: 252 posts2026-07-14: 170 posts2026-07-15: 174 posts1,184+10%
Price updated 8h ago·X counts updated 1d ago
FTFTNT
$FTNTFortinet, Inc.
$160.78-2.27%1.2k posts+10%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $FTNT, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersAcceleratingAI verdict · as of 2026-07-16

The move is getting stronger, with heavier trading behind it.

Cybersecurity leader at 94% of 52-week range with 20% revenue growth — earnings in 13 days is the affirmation event.

Fortinet is the network + firewall + SASE cybersecurity leader whose 2026 tape has ripped 105% YTD on the cyber-consolidation and AI-security narrative. The stock hit fresh 52-week highs and the setup is decisively real-business + accelerating into July 29 earnings.

  • The core business is genuinely accelerating: Q1 2026 revenue grew 20% YoY to $1.85B, gross margin held at 80%, and operating margin was 31% — the AI-cyber upgrade cycle triggered by IBM's cybersecurity warning is a real tailwind, and FTNT is capturing share alongside PANW and CRWD.
  • Valuation is loaded but earnable: 55x TTM P/E and 15x sales at $164 puts FTNT at the top of the cyber-multiple range, and on FY26 EPS growth the forward multiple compresses meaningfully — the setup is a beat-and-raise pattern where the July 29 print has to affirm the AI-security ARR acceleration.
  • The tape is technically extended but confirmed: position at 94% of the 52-week range, high-conviction breakout watchlist framing $162 to $215 on cybersecurity sector rotation, and community celebrates FTNT + CRWD both moving despite pre-market weakness — real setup momentum.

The July 29 Q2 earnings are the near-term arbiter — Q2 revenue growth vs the 20% Q1 pace, AI-security ARR acceleration commentary, and any FY26 guide movement extend the setup toward $215. A revenue miss or SASE-segment softening confirms the bear tone and drops the tape below $145.

Agrees with X sentimentX is bullish cybersecurity rotation, FTNT hit a new record high, high-conviction breakout watchlist framing $162 to $215, community celebrates FTNT + CRWD moving despite pre-market weakness. Mechanics validate: Q1 revenue +20% YoY at 80% gross margin and 31% operating margin. The tension is FTNT at 94% of 52-week range with 55x TTM P/E — the July 29 print has to affirm the setup, otherwise the tape stalls near current levels.

What to watch: The July 29 Q2 earnings. Watch Q2 revenue growth vs 20% Q1 pace, AI-security ARR acceleration commentary, and FY26 guide movement. Revenue miss or SASE softening confirms the bear tone sub-$145; steady 20%+ growth + guide extends toward $215.

On the calendar: 2026-07-29 — Q2 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment10 posts analyzed · as of 2026-07-15

Fortinet chatter is bullish cybersecurity rotation. FTNT hit a new record high - highlighted alongside UBS/MET/NET/EA/UNP/VIRT/RY as a top NEW HIGH stock. High-conviction breakout watchlist frames FTNT going from $162 to $215 on cybersecurity sector rotation. Community celebrates FTNT and CRWD both doing well despite pre-market weakness. Cybersecurity is described as a bull run since Anthropic launched the Mythos model. A bear tone: FTNT sees big bearish divergence with upside Demark exhaustion, and rotation-pain -4% on some sessions. But net bullish.

Read the AI verdict + X sentiment for $FTNT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes FortiGate firewalls, SD-WAN, and cloud security products targeting mid-market and enterprise network protection.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $FTNT.

Software - Infrastructure · Technology

No material change from last week — Enterprise software infrastructure is in a multiple compression phase (-16.

What this means for $FTNT

Partial — Makes FortiGate firewalls, SD-WAN, and cloud security products targeting mid-market and enterprise network protection; this segment overlaps with the cloud-native adoption and AI security spend despite multiple compression but is not the dominant revenue driver.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-12.0%YTD
-14.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
54.7How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
33.9%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
31.1%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
2.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
14.9Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
156%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
80.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.5Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 6, 2026$0.82$0.62+32.5%
Q4 2025Feb 5, 2026$0.81$0.74+9.0%
Q3 2025Nov 5, 2025$0.74$0.63+17.3%
Q2 2025Aug 6, 2025$0.64$0.59+8.5%
Next earningsWed, Jul 29·consensus EPS $0.75

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.8B+20.1%80.3%31.4%$0.72$1.0B
Q4 FY25$1.9B+14.8%79.6%32.8%$0.68$577.4M
Q3 FY25$1.7B+14.4%81.5%31.6%$0.63$567.5M
Q2 FY25$1.6B+13.6%81.5%28.0%$0.57$284.1M

Forward consensus

5-year forecast · up to 33 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$7.8B$7.6B – $7.9B$3.15$3.12 – $3.2831
FY27$8.6B$8.4B – $8.9B$3.42$2.99 – $3.7833
FY28$9.5B$9.5B – $9.5B$3.81$3.34 – $4.1919
FY29$11.2B$11.0B – $11.5B$3.09$3.00 – $3.2110
FY30$12.0B$11.7B – $12.3B$3.30$3.20 – $3.4216

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.6×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.90%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+14.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+66.3%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 3Michael XieCTO3.9K sh$572KSellJun 2Ken XieCEO160.6K sh$23.4MSellMay 21John WhittleCOO146.0K sh$18.7MSellMay 20Christiane OhlgartCFO238 sh$31KSellMay 14Christiane OhlgartCFO756 sh$91KSellMay 11Christiane OhlgartCFO238 sh$27KSellMay 7Christiane OhlgartCFO756 sh$83KSellMay 5Christiane OhlgartCFO596 sh$53KSellMay 4Ken XieCEO5.4K sh$476KSellMay 4Michael XieCTO2.5K sh$220K
+ 23 other (14 exempts · 4 gifts · 4 inkinds · 1 award) in window

See when $FTNT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

3New insider — initial holdingsJun 183
AI summary

Derek T. Kan filed an initial Form 3 as a new insider at Fortinet Inc. (FTNT) on June 12, 2026. This is a routine new-insider ownership disclosure filed upon appointment, with no open-market transactions reported.

8-KShareholder voteJun 168-K — Item 5.07: Shareholder vote
AI summary

Fortinet, Inc. (FTNT) reported annual meeting vote results (Item 5.07) in an 8-K filed June 16, 2026. Body unavailable — excerpt cuts off before specific vote tallies or proposal outcomes are disclosed.

+ 10 other (2 earnings 8-Ks · 2 13Gs · 2 proxys · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

All You Need to Know About Fortinet (FTNT) Rating Upgrade to Strong Buyzacks.com·2d agoTop Cybersecurity Stocks to Buy Now as AI Changes Tech Defensezacks.com·2d agoCybersecurity Space is Buzzing on Recent Catalysts: 3 Top Pickszacks.com·2d agoPalo Alto Vs Fortinet: Enter AI Cybersecurityseekingalpha.com·2d ago3 stocks riding the wave from IBM's earnings disasterinvezz.com·2d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureCybersecurity

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Voices on X · top 6 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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