6. Fortinet, Inc. (NASDAQ:FTNT)
Fortinet, Inc. (NASDAQ:FTNT) ranks among the best performing S&P 500 stocks in the last 10 years. BMO Capital boosted its price target for Fortinet, Inc. (NASDAQ:FTNT) to $95 from $90 on February 9, while keeping a Market Perform rating on the company’s shares. The firm stated that Fortinet posted results above consensus estimates in major categories, except for service revenue growth, which lagged behind projections.
Fortinet, Inc. (NASDAQ:FTNT) announced earnings per share of $0.81, compared to the expected $0.74. At the same time, the company’s revenue surpassed forecasts, reaching $1.91 billion versus estimates of $1.86 billion.
BMO Capital pointed out that investors were pleasantly surprised by management’s fiscal year 2026 billings growth outlook of 13% year-over-year, which was above the consensus expectation of 11%.
Looking ahead, the firm expects Fortinet, Inc. (NASDAQ:FTNT) to continue gaining momentum in the Secure Access Service Edge (SASE) market and sees significant upside to topline forecasts.
Fortinet, Inc. (NASDAQ:FTNT) is a cybersecurity company that provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products.
5. KLA Corporation (NASDAQ:KLAC)
KLA Corporation (NASDAQ:KLAC) ranks among the best performing S&P 500 stocks in the last 10 years. Citi moved KLA Corporation (NASDAQ:KLAC) to a 30-day positive Catalyst Watch on February 26, in anticipation of the company’s Investor Day in New York on March 12, noting optimism about an improved long-term financial model and potential product launches.
According to analyst Atif Malik, investor focus will be on KLA’s revised goal model, the trend of process-control concentration, and prospects for additional outperformance and market-share increases. Malik added that the firm anticipates that KLA Corporation (NASDAQ:KLAC) will be able to achieve “$24Bn/$68 revenue/EPS in 2030 on $200Bn WFE,” led by “modestly improving gross margins of 63% from 2026 levels” and increased process-control concentration.
Citi acknowledged that the KLA stock had fallen behind peers since earnings due to concerns about the worse WFE outlook and process-control developments, though it claimed that the key “investment thesis of elevated process control intensity and share gains remains intact.”
KLA Corporation (NASDAQ:KLAC) provides process control, inspection, metrology, and yield management systems, which are critical to advanced semiconductor manufacturing.
