Cybersecurity firm Fortinet soars after hiking annual forecasts

Fortinet

07/05/2026 09:46

** Shares of cybersecurity firm Fortinet FTNT.O jump 12.8% to $101.50 premarket

** Co raises full-year rev forecast to $7.71 billion to $7.87 billion from prior projection of $7.50 billion to $7.70 billion
** Sees annual adjusted profit per share of $3.10 to $3.16, above earlier forecast of $2.94 to $3

** Projects Q2 rev between $1.83 billion and $1.93 billion, above analysts' estimates of $1.82 billion, according to data compiled by LSEG

     ** At least five brokerages raise PT on stock following results

** Twelve of 46 brokerages rate the stock "buy" or higher, 30 "hold" and four "sell" or lower; their median PT is $96.50 - LSEG-compiled data

** Up to last close, stock gained 13.2% YTD

 (Reporting by Joel Jose in Bengaluru)

 ((joeljose@thomsonreuters.com))