
Fortinet (FTNT) Stock Forecast & Price Target
Fortinet (FTNT) Analyst Ratings
Bulls say
Fortinet demonstrated robust financial performance with a total revenue increase of 14%, amounting to $1.63 billion, which surpassed guidance expectations. The company's Annual Recurring Revenue (ARR) showcased particularly strong growth, with Unified SASE ARR rising by 22% year-over-year to $1.15 billion, and Security Operations ARR increasing by 35% year-over-year to $463 million, indicating a significant acceleration in the adoption of recurring services. Additionally, the firm experienced a 14% growth in services revenue and a 13% increase in product revenue, suggesting potential for further revenue growth and improved cash flow, which supports a positive outlook on Fortinet's stock.
Bears say
Despite raising full-year guidance for revenue and earnings, Fortinet's stock experienced a significant 17% drop in after-hours trading, indicating investor apprehension. The company's operating margins decreased by 200 basis points year-over-year due to heightened sales investments, acquisition-related challenges, and foreign exchange impacts. Additionally, projected services revenue growth has notably decreased from 20% in FY24 to a 13.7% midpoint for the fiscal year, contributing to a cautious outlook on the stock.
This aggregate rating is based on analysts' research of Fortinet and is not a guaranteed prediction by Public.com or investment advice.
Fortinet (FTNT) Analyst Forecast & Price Prediction
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