Fortinet stock reports 25.6 percent revenue growth as targets diverge
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Fortinet stock (ISIN US34959E1091) was last at USD 180.95 on Nasdaq on October 2, 2026, with a 1.25 percent session gain. The company reported quarterly revenue of USD 2.05 billion, up 25.6 percent year over year, putting operating execution ahead of the valuation debate. MarketBeat reported that Fortinet's latest quarterly results, released on July 29, 2026, included adjusted EPS of USD 0.90 against a USD 0.75 consensus estimate. Revenue of USD 2.05 billion also exceeded the USD 1.89 billion estimate, while the year-over-year increase reached 25.6 percent. The earnings comparison matters because it combines a double-digit sales increase with a USD 0.15 adjusted EPS beat. Fortinet's fiscal 2026 EPS guidance stands at USD 3.410-3.470, while third-quarter guidance is USD 0.830-0.870, according to MarketBeat. The analyst picture is more restrained than the operating figures. MarketBeat lists a Hold consensus from 36 analysts, comprising 19 holds, 10 buys, 2 strong buys and 5 sells, with an average 12-month target of USD 152.79. That target is USD 28.16 below the October 2 price, making the gap a central counterweight to the revenue beat. Individual views remain wider than the consensus. BTIG Research raised its target from USD 186.00 to USD 203.00 and retained a Buy rating in a July 30, 2026 report, while UBS listed a USD 180.00 target and a Neutral rating, according to...
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