With a market cap of $80.3 billion, Fortinet, Inc. (FTNT) is a global leader in cybersecurity solutions and secure networking technologies. The company provides a comprehensive portfolio of products and services designed to protect enterprise, service provider, and government networks from dynamic threats while optimizing performance and reducing complexity.
The Sunnyvale, California-based company is slated to announce its fiscal Q2 2025 earnings results after the market closes on Wednesday, Aug. 6. Ahead of this event, analysts expect Fortinet to report an EPS of $0.51, a 2% growth from $0.50 in the year-ago quarter. It has exceeded Wall Street’s earnings expectations in the past four quarters.
For fiscal 2025, analysts expect the network security company to report EPS of $2.16, marking an increase of 3.4% from $2.09 in fiscal 2024. Moreover, EPS is anticipated to grow 12.5% year-over-year to $2.43 in fiscal 2026.
Shares of Fortinet have surged 75.2% over the past 52 weeks, outpacing the broader S&P 500 Index’s ($SPX) 10.9% return and the Technology Select Sector SPDR Fund’s (XLK) 10.1% rise over the same period.
While Q1 2025 revenue of $1.5 billion matched expectations and adjusted EPS of $0.58 beat expectations on May 7, Fortinet’s stock dropped 8.4% the next day due to underwhelming forward guidance. The company projected just 13% sales growth and a modest 4% rise in adjusted EPS for the upcoming quarter, which disappointed investors.
Analysts’ consensus view on Fortinet stock remains moderately optimistic, with an overall “Moderate Buy” rating. Out of 41 analysts covering the stock, 13 recommend a “Strong Buy,” 26 “Holds,” and two “Strong Sells.” As of writing, the stock is trading below the average analyst price target of $108.06.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
