Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St’s investing ideas for FREE.
Fortinet reported a strong fourth quarter with revenue and billings growth that exceeded prior expectations.
The company outlined optimistic guidance for 2026 alongside continued progress in its cloud security portfolio, including FortiCNAPP.
Fortinet expanded its share repurchase authorization, signaling an increased focus on returning capital to shareholders.
For investors tracking NasdaqGS:FTNT, the recent update comes with the stock trading at $82.76. The share price is up 6.3% year to date and 38.8% over the past three years, while showing a 151.2% gain over five years and a 23.1% decline over the past year. That mix of returns highlights both the longer term value creation and the more recent volatility around the name.
Beyond the headline numbers, Fortinet is leaning further into cloud security, particularly through FortiCNAPP, to address demand for unified visibility and risk management. The increased buyback authorization adds another dimension for shareholders watching how management allocates capital alongside growth investments.
Stay updated on the most important news stories for Fortinet by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Fortinet.
NasdaqGS:FTNT 1-Year Stock Price Chart
Why Fortinet could be great value
⚖️ Price vs Analyst Target: At US$82.76 vs the US$89.00 consensus target, the share price sits about 7% below where analysts are, inside the 10% band.
✅ Simply Wall St Valuation: Shares are described as trading 24.4% below an estimated fair value, which screens as undervalued in this framework.
✅ Recent Momentum: The 30 day return of 3.4% points to positive short term momentum as the market reacts to the update.
Check out Simply Wall St’s in depth valuation analysis for Fortinet.
📊 The stronger than expected quarter and 2026 guidance support the earnings side of the story that underpins both analyst targets and valuation estimates.
📊 Watch how fast cloud security products such as FortiCNAPP contribute to revenue, margins, and billings over the coming quarters.
⚠️ The expanded buyback and higher expectations raise the bar, so any future slowdown in growth or cloud traction could weigh on sentiment.
For the full picture including more risks and rewards, check out the complete Fortinet analysis.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.