Coverage / FTNT / Trade Card

FTNT

Fortinet Inc

OPPORTUNISTIC BUY 2026-08-08 Data 35 days old USD 159.64 Technology - Software - InfrastructureAWAIT ENTRY
ACTIONABLEMethodology gates passed
54

Position levels

Currenttoday
USD 159.64
Buy <=wait / entry
USD 134.67
Trim >=take some off
USD 168.00
Thesis breakA confirmed multi-quarter product billings contraction exceeding the disclosed s...
-

Scenario-weighted conviction

ProbabilityScoreContribution
Bull case19%100 / 10019.0
Base case51%62 / 10031.6
Bear case30%10 / 1003.0
Weighted conviction54 / 100 - OPPORTUNISTIC BUY

Top risks

  • Fortinet signs on for security chips with Intel foundry (July 21, 2026)
  • Q2 2026 revenue $2.05B (26% YoY), product revenue $773M (52% YoY), raised 2026 revenue guidance to 19% YoY growth
  • Consistent EPS beats across last four quarters with 20.64% surprise in Q2 2026
Read full report →

Research is for informational purposes only. Not financial advice. All analysis reflects the date of publication.