FTNT
Fortinet, Inc.
October 16, 2026 · intraday
- Rarity
- 1.74
- Peak move
- −8.16%
- Float cap
- $111.7B
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
12 events · 0 from SEC or newswire · 0 timed with the move- Key event
cybersecurity_incidentPalo Alto Networks released security updates for a high-severity PAN-OS remote code execution zero-day tracked as CVE-2026-0322 and confirmed limited exploitation.
- Key event
analyst_ratingMizuho analyst Gregg Moskowitz maintained an Underperform rating on Fortinet and raised the price target to $160 from $138 on October 15, 2026.
analyst_ratingUBS reiterated a neutral rating on Fortinet in a note published October 15, 2026.
- Key event
analyst_ratingCiti raised its price targets on several cybersecurity stocks including Palo Alto Networks and CrowdStrike after its CIO survey showed 12-month cybersecurity budget growth accelerating to about 7%.
analyst_ratingUBS raised its price target on Fortinet to $200 from $180 while maintaining a Neutral rating.
product_launchAtos announced on October 14, 2026 that it is expanding its longstanding Fortinet partnership from a country-led to a global engagement model covering reselling and managed cybersecurity services across hybrid and multi-cloud environments.
peer_disclosureThe Information reported that OpenAI is in early talks to acquire cybersecurity vulnerability-research firm Trail of Bits, with no terms confirmed, pressuring sector peers including Fortinet.
cybersecurity_incidentFortinet published security advisories for critical vulnerabilities in FortiAnalyzer, FortiManager, FortiMail, FortiSIEM and FortiSandbox, including CVE-2026-107656.
commodity_eventBarclays reported DDR4 memory contract prices rose 4% in October and 24% over three months, with Citi and Micron saying the DRAM shortage will persist to 2028-2029.
analyst_ratingBarclays analyst Saket Kalia raised his price target on Fortinet to $210 from $190 and kept an Equal Weight rating in a Q3 earnings preview.
analyst_ratingWells Fargo raised its price target on Fortinet to $160 from $135 while maintaining an Underweight or neutral rating on October 15, 2026.
analyst_ratingTD Cowen analyst Shaul Eyal raised his price target on Fortinet to $225 from $215 and kept a Buy rating ahead of the Q3 report.