FTNT
Fortinet, Inc.
September 14, 2026 · pre-market open
- Rarity
- 1.66
- Peak move
- +9.41%
- Float cap
- $95.8B
Fortinet provides cybersecurity solutions through its integrated Fortinet Security Fabric platform, spanning secure networking, unified Secure Access Service Edge, and AI-driven security operations. It sells network firewalls, cloud and endpoint security, and related products and services to enterprises in financial services, retail, healthcare, operational technology, communications, and government. Its end-customers are located in more than 100 countries.
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What we found
6 events · 0 from SEC or newswire · 1 timed with the move- Timed with the move
institutional_flowCorient Private Wealth LP raised its Fortinet stake by 426.2% in Q2, adding 160,649 shares to hold 198,342 shares worth about $30.5 million, per its latest 13F filing.
- Key event
executive_remarkAt the Goldman Sachs Communacopia + Technology Conference, Fortinet CEO Ken Xie and CFO Christiane Ohlgart said AI and 'neocloud' data-center buildouts are driving network-security demand, citing 20+ AI-enabled products, sovereign SASE opportunities, stabilized DDR4/DDR5 memory pricing, larger FortiGate deals and a first neocloud deal growing 5-10x.
- Key event
guidance_changeFortinet management said product revenue growth is expected to slow from its 52% pace, with Q4 implied guidance suggesting unit growth could fall to the single-digit range as pricing normalizes.
- Key event
analyst_ratingWedbush downgraded Fortinet to Neutral/Hold from Outperform on Sept 12, 2026 while raising its price target to $155 from $125, as part of a broader cybersecurity sector coverage assumption that also covered CrowdStrike, Check Point, Varonis, Telos and Palo Alto Networks.
institutional_flowThe National Pension Service reduced its Fortinet position by 6.6% in Q2, selling 72,124 shares to hold 1,020,902 shares worth about $156.83 million, per its latest 13F filing.
acquisition_acquirerFortinet acquired Virtue AI, a provider of AI runtime protection and automated AI validation, to bolster agentic red-teaming and continuous validation, complementing its FortiAIGate offering.