Fortinet Inc (NASDAQ:FTNT) shares are rising on Friday after the cybersecurity company delivered stronger‑than‑expected fourth‑quarter results and issued guidance for both the first-quarter and full year 2026.
Adding to the momentum, Rosenblatt raised its price target on the stock.
- Fortinet stock is moving in positive territory. Why is FTNT stock advancing?
Fortinet reported fourth‑quarter earnings of 81 cents per share, topping the 74 cents consensus estimate and improving from 74 cents a year ago. Revenue came in at $1.905 billion, beating expectations and rising nearly 15% year‑over‑year from $1.66 billion.
Strong Guidance
The company expects first‑quarter 2026 revenue between $1.70 billion and $1.76 billion, with diluted non‑GAAP EPS of 59 cents to 63 cents. Fortinet also …