Equity Profile

FTNT

Fortinet, Inc.

Information TechnologySystems Software$106.0B

May6Wed

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

Fortinet Beats on EPS, Stock Up 0.03%

Metric	Actual	Expected	Surprise
EPS	$0.82	$0.62	+55.30%
Revenue	—	$1.7B	—

management commentary, guidance changes, and full analysis available with Pro.

Fortinet Beats on EPS, Stock Up 0.03%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.82	$0.62	+55.30%
Revenue	—	$1.7B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Fortinet's strong EPS performance indicates better-than-expected profitability for the quarter, which may boost investor confidence. However, the lack of revenue data and guidance leaves some uncertainty about future performance. The stock's slight increase of 0.03% reflects a positive reaction to the earnings surprise.

Company Snapshot

Fortinet, Inc. is a cybersecurity company that provides software and hardware solutions to protect networks and data from cyber threats....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

0.62

Revenue

Total revenue reflects the company's ability to grow its customer base and sales, which is vital for sustaining long-term growth.

1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Fortinet, Inc. is a cybersecurity company that provides software and hardware solutions to protect networks and data from cyber threats. As a key player in the Information Technology sector, Fortinet's products are increasingly important as businesses face growing cybersecurity challenges.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+40.94%

Avg Stock Reaction

+0.27%

Last Quarter Recap

In the last quarter, Fortinet reported an EPS of $0.81, significantly exceeding expectations. However, the stock price fell by 2.70% the following day, indicating market caution despite strong earnings.

Management Promises & Guidance

Continued focus on expanding product offerings.
Commitment to enhancing customer support services.
Plans to invest in research and development for innovative cybersecurity solutions.

Expectations

Wall Street Expectations

Analysts expect Fortinet to report solid earnings, with a consensus EPS of $0.62 and revenue of $1.7 billion. The market is closely watching for any signs of growth in new customer acquisitions.

Bull Case

If Fortinet exceeds the EPS estimate and shows strong revenue growth, it could signal robust demand for its cybersecurity solutions, leading to a positive stock reaction.

Bear Case

If the company fails to meet earnings expectations or provides weak guidance, it could raise concerns about its growth prospects, potentially leading to a decline in the stock price.

Key Metrics to Watch

EPS

0.62

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

Revenue

1.7B

Total revenue reflects the company's ability to grow its customer base and sales, which is vital for sustaining long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Fortinet's EPS exceed the consensus estimate of $0.62?

A beat on EPS would reinforce the company's profitability and could lead to a positive stock reaction.

What guidance will Fortinet provide regarding revenue growth and customer acquisition?

Guidance on these metrics will be crucial for assessing future growth potential and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Fortinet's ability to capitalize on increasing cybersecurity threats, which could drive higher demand than anticipated.

Supporting Evidence

Fortinet has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting expectations for significant news.

Recent insider buying activity, although limited, could indicate confidence in future performance.

Key Risk

If Fortinet reports an EPS below $0.60, it could undermine confidence in its growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Fortinet can sustain its growth trajectory amidst increasing competition in the cybersecurity space.

Bull Confirmed If

An EPS of $0.65 or higher, combined with revenue growth exceeding $1.75 billion, would confirm the bull case.

Bear Confirmed If

An EPS below $0.60 or revenue below $1.7 billion would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.64%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move following the earnings report, suggesting that investors expect volatility.

Options are pricing ±10.6% while FTNT has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

39.7%

Calls (547K)P/C Ratio: 0.76Puts (359K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fortinet beats expectations, history suggests the stock could rise by around 0.59%, confirming strong demand for its products.

In-Line / Cautious

If results are in line with expectations, the stock may experience minimal movement as investors await further guidance.

Miss

If the company misses earnings expectations, history suggests a potential decline of around 0.39%, raising concerns about growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition rates and new contracts.
2Details on product innovations and enhancements in cybersecurity solutions.
3Management's outlook on market competition and pricing strategies.
4Insights into operational efficiency and cost management.
5Guidance on revenue expectations for the next quarter.

See the full picture

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Company Snapshot

Fortinet, Inc. is a cybersecurity company that provides software and hardware solutions to protect networks and data from cyber threats....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

0.62

Revenue

Total revenue reflects the company's ability to grow its customer base and sales, which is vital for sustaining long-term growth.

1.7B

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+40.94%

Avg Stock Reaction

+0.27%

Last Quarter Recap

Management Promises & Guidance

Continued focus on expanding product offerings.
Commitment to enhancing customer support services.
Plans to invest in research and development for innovative cybersecurity solutions.

Expectations

Wall Street Expectations

Analysts expect Fortinet to report solid earnings, with a consensus EPS of $0.62 and revenue of $1.7 billion. The market is closely watching for any signs of growth in new customer acquisitions.

Bull Case

If Fortinet exceeds the EPS estimate and shows strong revenue growth, it could signal robust demand for its cybersecurity solutions, leading to a positive stock reaction.

Bear Case

If the company fails to meet earnings expectations or provides weak guidance, it could raise concerns about its growth prospects, potentially leading to a decline in the stock price.

Key Metrics to Watch

EPS

0.62

Earnings per share is a critical measure of profitability and will indicate how well the company is managing its costs and generating income.

Revenue

1.7B

Total revenue reflects the company's ability to grow its customer base and sales, which is vital for sustaining long-term growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Fortinet's EPS exceed the consensus estimate of $0.62?

A beat on EPS would reinforce the company's profitability and could lead to a positive stock reaction.

What guidance will Fortinet provide regarding revenue growth and customer acquisition?

Guidance on these metrics will be crucial for assessing future growth potential and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Fortinet's ability to capitalize on increasing cybersecurity threats, which could drive higher demand than anticipated.

Supporting Evidence

Fortinet has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing a larger move than historical averages, suggesting expectations for significant news.

Recent insider buying activity, although limited, could indicate confidence in future performance.

Key Risk

If Fortinet reports an EPS below $0.60, it could undermine confidence in its growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Fortinet can sustain its growth trajectory amidst increasing competition in the cybersecurity space.

Bull Confirmed If

An EPS of $0.65 or higher, combined with revenue growth exceeding $1.75 billion, would confirm the bull case.

Bear Confirmed If

An EPS below $0.60 or revenue below $1.7 billion would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±10.64%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move following the earnings report, suggesting that investors expect volatility.

Options are pricing ±10.6% while FTNT has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.5%

30d HV

39.7%

Calls (547K)P/C Ratio: 0.76Puts (359K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fortinet beats expectations, history suggests the stock could rise by around 0.59%, confirming strong demand for its products.

In-Line / Cautious

If results are in line with expectations, the stock may experience minimal movement as investors await further guidance.

Miss

If the company misses earnings expectations, history suggests a potential decline of around 0.39%, raising concerns about growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on customer acquisition rates and new contracts.
2Details on product innovations and enhancements in cybersecurity solutions.
3Management's outlook on market competition and pricing strategies.
4Insights into operational efficiency and cost management.
5Guidance on revenue expectations for the next quarter.