Fortinet, Inc. (FTNT) Forecasts 13% Billings Growth for 2026, Beats EPS and Revenue Estimates

Fortinet, Inc. (NASDAQ:FTNT) ranks among the 12 Best Performing S&P 500 Stocks in the Last 10 Years.

Fortinet, Inc. (FTNT) Forecasts 13% Billings Growth for 2026, Beats EPS and Revenue Estimates

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.

While we acknowledge the potential of FTNT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTNT and that has 100x upside potential, check out our report about this cheapest AI stock.

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