Fortinet Inc NASDAQ:FTNT Price, Chart, News & Insight

NASDAQ:FTNT

Fortinet Invests More Than $60 Million in New York Cybersecurity Innovation Hub

Fortinet (NASDAQ: FTNT) has opened a new company-owned Innovation Hub in New York City, investing more than $60 million to expand its presence in one of its most important enterprise and financial-services markets.

The approximately 40,000-square-foot facility is three times larger than Fortinet’s previous New York office and will provide customers and partners with access to cybersecurity experts, technology demonstrations, executive briefings and training. Fortinet said its New York customers include the city’s top 10 financial-services enterprises.

The facility also includes a new Fortinet Cloud point of presence powered by the company’s custom ASIC technology, expanding its cloud network while supporting AI technology delivery. A dedicated cybersecurity training center and executive briefing center are also part of the investment.

The New York expansion adds to Fortinet’s network of Innovation Hubs in markets including Chicago, Atlanta, London and Sydney, supporting the cybersecurity company’s strategy of strengthening direct engagement with large enterprise customers and partners.

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The Investor 09-15-26

Fortinet Federal Earns CMMC Level 2 Certification as FTNT Rises 2%

Fortinet (NASDAQ: FTNT) shares were up about 2.2% on Wednesday after its Fortinet Federal subsidiary achieved Cybersecurity Maturity Model Certification (CMMC) Level 2.

The certification followed an independent assessment and validates Fortinet Federal’s implementation of 110 cybersecurity requirements aligned with NIST SP 800-171 Revision 2. These controls are designed to protect Controlled Unclassified Information and are particularly important for companies operating within the U.S. Defense Industrial Base.

The achievement could strengthen Fortinet’s competitive position in federal cybersecurity. Beyond demonstrating its own compliance, Fortinet offers security products that can help government contractors meet CMMC requirements. Its FortiGate Next-Generation Firewall alone maps to 83 of the 110 Level 2 requirements.

The certification therefore provides both a credibility boost for Fortinet’s government business and a potential commercial opportunity as defense contractors strengthen cybersecurity systems to comply with CMMC requirements.

FTNT was trading around $157, up approximately 2.2% during Wednesday’s session.

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The Investor 08-26-26

Fortinet Acquires Virtue AI to Expand Security for Agentic AI Systems

Fortinet (NASDAQ: FTNT) announced Monday that it has acquired Virtue AI, expanding the cybersecurity company’s capabilities in protecting artificial intelligence applications and autonomous AI agents.

Virtue AI specializes in AI runtime protection, automated security validation and protection of autonomous AI systems. The technology will be integrated into Fortinet’s AI-Native Security Fabric as the company expands its broader “Security for AI” strategy.

The acquisition addresses an emerging cybersecurity challenge created by the rapid adoption of agentic AI. As enterprises deploy autonomous agents, security risks are expanding beyond conventional networks and applications to include AI models, prompts, APIs, agents and Model Context Protocol tools.

Virtue AI brings capabilities including automated red-teaming of autonomous agents, continuous AI validation, agent governance and real-time security guardrails. Its technology can test AI systems across hundreds of attack vectors and more than 1,000 risk categories while monitoring agent behavior and blocking malicious tool calls.

Fortinet Targets Rapidly Growing AI Security Market

The acquisition strengthens Fortinet’s position in one of cybersecurity’s emerging growth areas. According to Gartner figures cited by Fortinet, the market for securing AI ecosystems and AI agents is expected to expand from $2.8 billion in 2026 to $16.4 billion by 2030.

Virtue AI will complement Fortinet’s existing FortiAIGate platform, which protects large language models against threats including prompt injection, data leakage and model poisoning. Together, the technologies are intended to provide security throughout the AI lifecycle, from development and validation through deployment and runtime protection.

Financial terms were not disclosed, although Fortinet said the purchase consideration is immaterial to its overall business.

The deal gives Fortinet additional exposure to the rapidly developing intersection of cybersecurity and agentic AI, where enterprises are likely to require new layers of protection as autonomous AI systems become more widely deployed.

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WS Investor 08-17-26

Fortinet Stock Surges 10% Premarket After Strong Q2 Results and Raised Full-Year Outlook

Fortinet (NASDAQ: FTNT) shares jumped 10% in premarket trading on Thursday after the cybersecurity company delivered stronger-than-expected second-quarter results, fueled by robust demand for AI-driven security solutions and higher product sales, while raising its full-year revenue outlook.

Second-quarter revenue increased 26% year-over-year to $2.05 billion, exceeding the high end of the company's guidance. Product revenue surged 52% to $773 million, while billings rose 33% to $2.37 billion, highlighting strong customer demand. GAAP earnings per share climbed 44% to $0.82, and non-GAAP EPS increased 41% to $0.90. The company also generated $1.04 billion in operating cash flow and $966 million in free cash flow.

AI Security Strategy Continues to Drive Growth

Fortinet attributed its strong performance to growing adoption of its integrated cybersecurity platform, particularly its AI-focused networking and security products. During the quarter, the company introduced several new offerings, including the FortiGate 1200G series, the FortiSOC cloud security operations platform, and expanded FortiEndpoint capabilities to help customers secure AI deployments.

The company also strengthened its AI ecosystem through collaborations with Intel, Anthropic, OpenAI and NVIDIA, reinforcing its position as one of the leading cybersecurity vendors benefiting from rising enterprise AI adoption.

Guidance Raised for 2026

Investor sentiment was further boosted after Fortinet raised its full-year outlook. The company now expects fiscal 2026 revenue between $8.02 billion and $8.18 billion, representing approximately 19% annual growth. It also forecast billings of $9.35 billion to $9.55 billion and maintained expectations for strong operating margins and profitability.

For the third quarter, Fortinet expects revenue between $2.01 billion and $2.10 billion, with non-GAAP earnings per share in the range of $0.83 to $0.87.

What to Watch

The strong premarket rally reflects growing investor confidence that enterprise cybersecurity spending remains resilient despite broader macroeconomic uncertainty. Going forward, investors will watch whether Fortinet can sustain its accelerating product growth and continue capitalizing on rising demand for AI-powered cybersecurity solutions while maintaining its industry-leading margins.

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European Investor 07-30-26

Fortinet (FTNT) Stock Rises After Barclays Raises Price Target to $170

Fortinet (NASDAQ: FTNT) shares gained about 2.4% after Barclays raised its price target on the cybersecurity company to $170 from $155 while maintaining its Equal Weight rating.

The higher price target reflects continued confidence in Fortinet's long-term growth prospects as demand for cybersecurity solutions remains strong across enterprises and governments. Organizations continue to increase spending on network security, cloud protection, and AI-driven cybersecurity as cyber threats become more sophisticated.

Fortinet has strengthened its position through its integrated security platform, expanding portfolio of cybersecurity products, and growing recurring revenue from subscription and security services. Investors also remain optimistic about the company's ability to improve margins while benefiting from sustained digital transformation and rising cybersecurity budgets.

Key factors supporting the stock include:

* Barclays raised its price target to $170 from $155.
* The firm maintained its Equal Weight rating.
* Demand for enterprise cybersecurity solutions remains supported by increasing cyber threats and ongoing digital transformation.
* Fortinet continues to benefit from its broad security platform, expanding subscription business, and strong long-term growth outlook.

The higher price target reinforced investor confidence in Fortinet's long-term prospects, helping lift the shares during the trading session.

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WS Investor 07-13-26

Fortinet Surges 11.48% as Blockbuster Quarter Sends a Clear Signal on Cybersecurity Demand

Fortinet is one of the sharpest premarket movers today, with shares jumping 11.48% after the cybersecurity company delivered a first quarter 2026 earnings report that exceeded the high end of its own guidance on both revenue and profitability, and then raised its full-year outlook to boot. The combination of strong execution, accelerating billings growth, and record cash generation gave investors little reason to hold back.

Revenue for the quarter ended March 31, 2026 grew 20% year-over-year to $1.85 billion, comfortably clearing guidance. Product revenue was the standout line, climbing 41% year-over-year to $645 million — a figure that points to strong demand for hardware refreshes and new deployments rather than just renewals of existing contracts. Billings, which are a forward-looking indicator of future revenue, grew an even faster 31% year-over-year to $2.09 billion, signaling that the pipeline of committed business is building at pace.

Profitability was equally impressive. GAAP operating margin came in at 31% and non-GAAP operating margin at 36%, reflecting the highly scalable nature of Fortinet's platform model. GAAP earnings per share grew 29% year-over-year to $0.72, while non-GAAP earnings per share grew 41% to $0.82, both exceeding expectations. The company also generated record operating cash flow of $1.08 billion and record free cash flow of $1.01 billion in a single quarter — a cash generation profile that gives management significant flexibility to invest, acquire, or return capital to shareholders.

The business narrative behind the numbers centers on a theme that has been building for years but is now accelerating: the convergence of networking and security. As enterprises increasingly demand integrated platforms rather than point solutions, Fortinet's unified Security Fabric architecture is gaining traction. The company highlighted its new FortiOS 8.0 operating system, which brings AI-driven security, next-generation SASE capabilities, and quantum-safe protection to its customer base, alongside new additions to the FortiGate G Series hardware portfolio designed for high-performance enterprise environments. CEO Ken Xie pointed specifically to an increasingly complex threat environment being intensified by AI as a key demand driver, a tailwind that shows no sign of abating.

The company also noted active collaboration with several leading AI companies, including Anthropic as part of an initiative called Project Glasswing, as well as OpenAI and others, suggesting Fortinet is positioning itself at the intersection of AI infrastructure and enterprise security — a strategically valuable place to be as AI workloads proliferate across corporate networks.

For the second quarter, Fortinet guided for revenue of $1.830 billion to $1.930 billion and billings of $2.090 billion to $2.190 billion. For the full fiscal year 2026, the company raised its revenue guidance to a range of $7.710 billion to $7.870 billion, implying 15% year-over-year growth, and set billings guidance of $8.800 billion to $9.100 billion. Full-year non-GAAP earnings per share are expected in the range of $3.10 to $3.16.

The 11.48% premarket gain reflects a market that sees Fortinet not just as a beneficiary of cyclical IT spending, but as a structural winner in a world where the security perimeter is expanding, AI is multiplying the attack surface, and enterprises are consolidating their vendor relationships around proven, integrated platforms.

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The Investor 05-07-26

Fortinet® (NASDAQ: FTNT) announced that it will hold a conference call to discuss its first quarter 2026 financial results on Wednesday, May 6, at 1:30 p.m. Pacific Time

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Global Finance News 04-03-26

Tech Mahindra has partnered with Fortinet to launch a managed Secure Access Service Edge (SASE) solution aimed at enabling secure and scalable digital transformation for enterprises. The offering combines Tech Mahindra’s network and security services with Fortinet’s Unified SASE platform to deliver integrated connectivity and protection across hybrid and cloud environments.

The solution integrates SD-WAN, Zero Trust Network Access (ZTNA), and advanced threat protection into a single architecture, supported by 24/7 security operations, AI-driven threat intelligence, and proactive monitoring. It is designed to simplify network management while ensuring consistent security across cloud, SaaS, on-premises systems, and remote workforces.

The companies stated that the partnership will help enterprises reduce reliance on expensive MPLS networks, lower total cost of ownership, and scale operations more efficiently. The initiative strengthens Tech Mahindra’s managed network services portfolio, targeting improved security, operational efficiency, and business agility in increasingly distributed digital environments.

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The Investor 03-17-26

Fortinet announced new innovations to its Security Operations (SecOps) platform, introducing unified security operations capabilities, expanded agentic AI functions and enhanced endpoint protection.

The updates include a preview of FortiSOC, a cloud-delivered platform that integrates FortiAnalyzer, FortiSIEM, FortiSOAR and FortiTIP into a single service for security monitoring, analytics, automation and threat response. The system combines telemetry, threat intelligence and behavioral analytics to help security teams detect and respond to cyber threats more quickly.

Fortinet also expanded its FortiAI capabilities to support agentic workflows that automate tasks such as alert triage, investigation and threat hunting. Additional enhancements include improvements to FortiGuard SOC-as-a-Service for managed security monitoring and updates to FortiEndpoint that consolidate multiple endpoint security functions into a single agent to simplify deployment and protect against emerging AI-driven cyber threats.
Globe Newswire

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European Investor 03-10-26

Fortinet announced new enhancements to its FortiCNAPP platform aimed at helping organizations better understand and prioritize real-world cloud risk as AI and multi-cloud adoption accelerates.

The updated FortiCNAPP expands cloud risk management by integrating network security posture, native Data Security Posture Management (DSPM), and runtime validation into a single unified workflow. By correlating cloud configuration issues, identity exposure, vulnerabilities, network enforcement, data sensitivity, and runtime behavior, Fortinet says security teams can reduce alert overload and focus on the risks with the greatest business impact.

Key additions include network-aware risk scoring that factors in existing protections such as FortiGate firewalls, built-in DSPM to identify and prioritize risks involving sensitive data without moving that data, and runtime-informed prioritization to distinguish theoretical vulnerabilities from actively exploitable threats. The company also highlighted alignment with frameworks such as the NIST AI Risk Management Framework and the EU AI Act, supporting governance alongside technical controls.

Fortinet said the enhancements are designed to address tool sprawl and visibility gaps in hybrid and multi-cloud environments, enabling faster remediation and more effective, context-driven cloud security operations.

Source: GlobeNewswire

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WS Investor 01-27-26

07-04-26The Investor

05-07-26European Investor

02-25-26The Investor

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