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 eventcybersecurity_incident

    Palo 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 eventanalyst_rating

    Mizuho analyst Gregg Moskowitz maintained an Underperform rating on Fortinet and raised the price target to $160 from $138 on October 15, 2026.

  • analyst_rating

    UBS reiterated a neutral rating on Fortinet in a note published October 15, 2026.

  • Key eventanalyst_rating

    Citi 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_rating

    UBS raised its price target on Fortinet to $200 from $180 while maintaining a Neutral rating.

  • product_launch

    Atos 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_disclosure

    The 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_incident

    Fortinet published security advisories for critical vulnerabilities in FortiAnalyzer, FortiManager, FortiMail, FortiSIEM and FortiSandbox, including CVE-2026-107656.

  • commodity_event

    Barclays 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_rating

    Barclays 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_rating

    Wells Fargo raised its price target on Fortinet to $160 from $135 while maintaining an Underweight or neutral rating on October 15, 2026.

  • analyst_rating

    TD Cowen analyst Shaul Eyal raised his price target on Fortinet to $225 from $215 and kept a Buy rating ahead of the Q3 report.