Fortinet lifts annual revenue forecast on strong cybersecurity demand
Fortinet expects up to $8.18 billion in annual revenue after second-quarter revenue and adjusted earnings beat estimates, according to LSEG data.
- On Wednesday, California-based Fortinet raised its full-year revenue and earnings forecasts following strong second-quarter results, signaling robust enterprise demand for cybersecurity services amid rising data security incidents.
- Rising data security incidents have fueled increased enterprise spending on cybersecurity services, while Fortinet transitions to a subscription-led model and integrates generative AI across its product offerings.
- Second-Quarter revenue reached $2.05 billion, exceeding the $1.89 billion estimate, while adjusted earnings per share hit 90 cents compared to the 75-cent estimate.
- Fortinet now projects annual revenue between $8.02 billion and $8.18 billion, up from $7.71 billion to $7.87 billion, while raising adjusted annual earnings guidance to $3.41 to $3.47 from $3.10 to $3.16.
- Third-Quarter revenue is expected between $2.01 billion and $2.1 billion, exceeding the $1.95 billion analyst estimate, with adjusted earnings per share projected between 83 cents and 87 cents.
11 Articles
11 Articles
Fortinet lifts annual revenue forecast on strong cybersecurity demand
July 29 (Reuters) - Cybersecurity firm Fortinet on Wednesday lifted its annual revenue forecast after reporting strong second-quarter results, signaling strong enterprise spending on its services amid rising data security incidents. Companies are ram...
Fortinet, Inc. (NASDAQ:FTNT) Shares Surge 11% on Service Pipeline Outlook
NEW YORK, July 29, 2026, 18:58 EDT — The U.S. cash session has ended, and extended-hours activity remains high. (MarketBeat) Fortinet stock increased 11.1% after the close to $170.22, building on a 2.2% gain during regular trading. (MarketBeat) Second-quarter revenue surpassed analysts' forecasts by 8.4%. Adjusted earnings were 20% higher than consensus. (Fortinet, Inc.) Service…
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BITRSSFortinet (FTNT) Stock: Surge as Q2 Product Revenue Jumps 52% and Cybersecurity Demand Accelerates
TLDR Fortinet stock jumps 11% after hours as second-quarter growth beats expectations Product revenue climbs 52% as demand strengthens across security platforms globally Quarterly revenue rises 26% to $2.05 billion on stronger product sales momentum Billings increase 33% to $2.37 billion as customer security spending accelerates Fortinet keeps 2026 guidance firm with annual revenue projected above $8.02 billion Fortinet (FTNT) stock rose 2.16% …
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