Fortinet

FTNT

Market cap $58.9B

A popular name in the Cybersecurity world, Fortinet ( NASDAQ:FTNT ) shares are trading at $77 as of February 25, down 28% from a year ago, and it should go without saying that the business case for optimism is harder to dismiss than the stock chart suggests.

Luke Lloyd isn't buying the Mag 7, arguing that there are far more attractive opportunities, such as software. “We've been buying into this software sell-off the last two or three weeks,” he says, including Reddit (RDDT), Fortinet (FTNT), and Palantir (PLTR).

Shares of cybersecurity companies including CrowdStrike and Datadog slumped on Monday, as investors weighed the potential impact of artificial intelligence startup Anthropic's new security tool on the industry.

Fortinet (NASDAQ:FTNT) is not just another entity in the cybersecurity realm; its recent financial outcomes depict a convincing narrative of ongoing growth and profitability within a swiftly advancing market. In the complete fiscal year 2025, the firm reported revenues of $6.80 billion, reflecting a 14% increase from the previous year, while billings rose 16% to $7.55 billion.

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SAN ANTONIO--(BUSINESS WIRE)--Liquid Networx, a national Fortinet partner and the first Fortinet Engage Preferred Services Partner (EPSP) in North America, is now offering dedicated and resident certified Fortinet engineers for enterprise clients. This offering delivers expert design, implementation, and ongoing support for Fortinet solutions including SASE, Zero Trust, and the Fortinet Security Fabric. The EPSP program endorses partners with verified capacities and experience in service delive.

Fortinet delivered 13% sales growth in a transitional year, maintaining leadership in firewalls and expanding Unified SASE revenue by 40%. Despite product growth outpacing services, FTNT preserved strong margins and improved working capital, with FCF/share up 19.6% and inventory days down to 98. Guidance calls for 11% service revenue growth and non-GAAP EPS of $2.94–$3, with acceleration expected in 2026 as product sales drive future services.

Factors are aligning that suggest Fortinet NASDAQ: FTNT stock will rebound in 2026, with a 15% to 30% gain. They include technical setup, results, analyst trends, and institutional activity, collectively providing support and a tailwind for price action.

Explore Fortinet's (FTNT) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

Palo Alto leads in market share and recurring revenue diversification but faces slowing subscription growth amid intensifying competition. Fortinet is favored for robust profitability, strong revenue growth, and a significant hardware refresh cycle opportunity. Both companies face rising competition from Microsoft and CrowdStrike and could see challenges in maintaining market share.