Scotiabank raises Fortinet stock estimate to USD 3.10

Published on 10/09/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 2.05 billion in the second quarter of 2026, up 25.60 percent. Fortinet stock costs EUR 171.17 on October 9, 2026 versus EUR 168.67.

Key points in brief

Scotiabank raised its fiscal 2026 earnings-per-share estimate for Fortinet to USD 3.10 from USD 2.77 on October 1, 2026.
Fortinet reported second-quarter revenue of USD 2.05 billion, up 25.60 percent year over year.
The Lang & Schwarz price was EUR 171.17 on October 9, 2026, plus 1.48 percent versus the prior close.
Fortinet is scheduled to discuss third-quarter 2026 results on October 28, 2026.

Extreme Makroaufnahme einer grünen Leiterplatte mit goldenen Kupferleiterbahnen und Sicherheitschip — Fortinet Inc. Makro Aufnahme einer Leiter Platte mit Sicherheits Chips und Kupfer Leiterbahnen US34959E1091, Illustration mit AI erstellt.

Scotiabank raised its fiscal 2026 earnings-per-share estimate for Fortinet to USD 3.10 from USD 2.77 in a research note dated October 1, 2026, while maintaining a Sector Perform rating and a USD 163.00 price target, according to MarketBeat. Fortinet stock was trading at EUR 171.17 at Lang & Schwarz on October 9, 2026 at 4:36 p.m. CEST, plus 1.48 percent versus the prior close of EUR 168.67.

Estimates rise after strong quarterly figures

Fortinet reported second-quarter 2026 revenue of USD 2.05 billion, up 25.60 percent from the same quarter a year earlier. The company also reported earnings per share of USD 0.90 against a consensus estimate of USD 0.75, while revenue exceeded the USD 1.89 billion consensus, according to MarketBeat.

Fortinet's adjusted operating margin reached 38.00 percent in the quarter, while billings rose 33.00 percent to USD 2.37 billion, according to Yahoo Finance. The comparison matters because the estimate increase targets the full fiscal year, while the latest operating figures describe only the quarter ended June 30, 2026.

What does the next report need to show?

Fortinet's third-quarter 2026 revenue guidance stands at USD 2.01 billion to USD 2.10 billion, with adjusted operating margin guidance of 35.00 percent to 37.00 percent. The billings range is USD 2.25 billion to USD 2.35 billion, according to the same earnings-call transcript.

Three dated signals for Fortinet

On July 29, 2026, Fortinet reported second-quarter revenue of USD 2.05 billion, according to MarketBeat. On October 1, 2026, Scotiabank raised its fiscal 2026 earnings-per-share estimate from USD 2.77 to USD 3.10, also reported by MarketBeat. On October 2, 2026, Fortinet announced that it would discuss third-quarter results on October 28, 2026, at 4:30 p.m. Eastern Time, according to Fortinet.

Upcoming reporting date

The next substantiated company date is October 28, 2026, when Fortinet is scheduled to announce third-quarter results, followed by the 4:30 p.m. Eastern Time conference call.

Nasdaq listing and valuation context

Fortinet is listed on Nasdaq under ticker FTNT and has a market capitalization of USD 140.9 billion as of October 9, 2026. Its Nasdaq 52-week range is USD 73.55 to USD 193.18, placing the primary-exchange quote near the upper end of that interval, according to Financial Data.

Fortinet stock holds above prior close

At Lang & Schwarz, Fortinet stock was trading at EUR 171.17 on October 9, 2026 at 4:36 p.m. CEST, up 1.48 percent from the EUR 168.67 prior close on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Fortinet stock.