Get emailed when FTNT changes direction
Insider selling: $258,348,161 sold by 13 insiders (30d)
Est. revisions:
+0.0%
(2 up, 1 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +0.7)
Factor Model
net +0.7 1.7 / 10
Est. Revisions
+0.0
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+0.6
Narrative Gap
+0.0
FTNT beats estimates, outpaces tech on relative strength
Watch: Q1 2026 service revenue and bookings trends will determine if the guidance raise sticks or deflates under demand pressure.
Q4 revenue hit $1.9B, up 15.1% YoY and beating consensus. The stock has fallen 23.5% from its May 2025 peak but outperformed the XLK tech ETF by 2.7 percentage points over the past three months and now leads year-to-date by 10 points. Analyst price targets tilted higher post-earnings despite the recent share price decline. Prior coverage flagged that service revenue growth lagged, signaling execution challenges on the recurring revenue side even as top-line momentum accelerates.
Fortinet's relative outperformance in a weakening sector reflects sustained confidence in its SAS billings growth story. The beat validates near-term execution, but the equity's recovery trajectory depends on whether Q1 billings and service revenue acceleration can sustain the guidance momentum.
Evidence
13h ago
Cantor Fitzgerald reit FTNT: Neutral → Neutral
7d ago
Mizuho main FTNT: Underperform → Underperform
8d ago
Insider sell by XIE MICHAEL (FTNT): $27,935,333
8d ago
Insider sell by XIE KENNETH QING (FTNT): $14,308,447
8d ago
Insider sell by XIE KENNETH QING (FTNT): $13,710,381
8d ago
Insider sell by XIE MICHAEL (FTNT): $46,936,043
8d ago
Insider sell by XIE KENNETH QING (FTNT): $15,607,891
8d ago
Insider buy by NEUKOM WILLIAM H (FTNT): $34,968
7 older signals
8d ago
Insider buy by NEUKOM WILLIAM H (FTNT): $34,912
8d ago
Insider sell by XIE KENNETH QING (FTNT): $16,814,799
8d ago
Insider sell by XIE MICHAEL (FTNT): $32,079,517
8d ago
Insider sell by XIE KENNETH QING (FTNT): $19,967,936
8d ago
Insider buy by NEUKOM WILLIAM H (FTNT): $34,878
8d ago
Insider buy by NEUKOM WILLIAM H (FTNT): $34,898
Fundamentals & Data ▾
Fortinet, Inc.
Technology · Software - Infrastructure
Mkt Cap
$61B
P/E
34.1 fwd 25.0
Beta
1.00
52w Range
$70.12 - $109.33
Short Interest
18.9M 3.1%
Days to Cover
3.1 +7%
Technicals
downtrend
from 52w Hi
-1.3%
1w return
+4.9%
Insiders
selling
1B / 9S
Analysts
mixed
EPS Estimate
$0.62
+0.0% 30d
2up / 1dn
Est. Dispersion
11%
39 analysts
Analyst Target
$89
$64 - $120
Options P/C
0.09
1C / 0P unusual
Insider Cluster
strong sell
1B / 6S
Fund Convergence
strong
Citadel, Two Sigma, Renaissance, Bridgewater, D.E. Shaw
Financials
Revenue
$1.9B +15% YoY
FCF
$577M
Gross Margin
80%
Op Margin
33%
Momentum:
accelerating
Top Holders
Citadel
$274M
Two Sigma
$146M
Renaissance
$37M
Bridgewater
$21M
D.E. Shaw
$6M
Recent Filings & Data
insider trade
115
net selling
· $258,348,161 sold
· $139,656 bought
13 insiders · 115 transactions (30d)
Recent transactions
HSIEH MING · other
WHITTLE JOHN · other
SIM JUDITH KOON LIEN · other
STAVRIDIS JAMES G · other
GOLDMAN KENNETH ALLEN · other
HSIEH MING · other
NAPOLITANO JANET ANN · other
SIM JUDITH KOON LIEN · other
STAVRIDIS JAMES G · other
GOLDMAN KENNETH ALLEN · other
HSIEH MING · other
NAPOLITANO JANET ANN · other
HU JEAN X · other
OHLGART CHRISTIANE MARGRIT · sell · $40,930
XIE KENNETH QING · exercise · $2,279,202
XIE MICHAEL · sell · $27,935,333
XIE MICHAEL · exercise · $5,479,768
XIE KENNETH QING · sell · $14,308,447
WHITTLE JOHN · other
OHLGART CHRISTIANE MARGRIT · other
XIE MICHAEL · other
OHLGART CHRISTIANE MARGRIT · sell · $9,515
XIE MICHAEL · sell · $306,825
XIE KENNETH QING · sell · $13,710,381
XIE KENNETH QING · exercise · $2,534,700
XIE MICHAEL · other
WHITTLE JOHN · other
OHLGART CHRISTIANE MARGRIT · other
XIE MICHAEL · other
OHLGART CHRISTIANE MARGRIT · sell · $10,830
XIE MICHAEL · sell · $46,936,043
XIE KENNETH QING · sell · $15,607,891
XIE KENNETH QING · exercise · $2,534,700
XIE MICHAEL · other
WHITTLE JOHN · other
OHLGART CHRISTIANE MARGRIT · other
NEUKOM WILLIAM H · other
WILDEROTTER MARY AGNES · other
NEUKOM WILLIAM H · buy · $34,912
OHLGART CHRISTIANE MARGRIT · sell · $121,883
XIE MICHAEL · other
XIE MICHAEL · sell · $376,274
XIE KENNETH QING · sell · $16,814,799
XIE KENNETH QING · exercise · $2,534,700
XIE MICHAEL · other
WHITTLE JOHN · other
OHLGART CHRISTIANE MARGRIT · other
JENSEN KEITH FRANKLIN · other
GOLDMAN KENNETH ALLEN · sell · $200,000
XIE MICHAEL · sell · $32,079,517
GOLDMAN KENNETH ALLEN · sell · $99,320
XIE KENNETH QING · sell · $19,967,936
XIE KENNETH QING · exercise · $2,534,700
NEUKOM WILLIAM H · buy · $34,878
JENSEN KEITH FRANKLIN · sell · $1,928,064
JENSEN KEITH FRANKLIN · exercise · $764,579
JENSEN KEITH FRANKLIN · sell · $2,668,563
XIE MICHAEL · exercise · $4,641,567
XIE KENNETH QING · sell · $4,891,067
XIE KENNETH QING · exercise · $817,673
XIE KENNETH QING · other
XIE MICHAEL · other
JENSEN KEITH FRANKLIN · other
XIE KENNETH QING · other
XIE KENNETH QING · sell · $4,273,793
XIE KENNETH QING · exercise · $817,663
XIE KENNETH QING · sell · $4,432,990
NEUKOM WILLIAM H · buy · $34,968
XIE MICHAEL · other
JENSEN KEITH FRANKLIN · sell · $1,688,337
JENSEN KEITH FRANKLIN · exercise · $764,097
JENSEN KEITH FRANKLIN · sell · $386,013
XIE KENNETH QING · sell · $4,527,749
WHITTLE JOHN · sell · $3,293,666
WHITTLE JOHN · exercise · $650,489
JENSEN KEITH FRANKLIN · sell · $4,840,490
JENSEN KEITH FRANKLIN · exercise · $3,521,834
XIE MICHAEL · sell · $1,948,883
XIE MICHAEL · other
WHITTLE JOHN · other
JENSEN KEITH FRANKLIN · other
XIE KENNETH QING · other
XIE KENNETH QING · sell · $3,834,222
NEUKOM WILLIAM H · other
WILDEROTTER MARY AGNES · other
SIM JUDITH KOON LIEN · other
STAVRIDIS JAMES G · other
GOLDMAN KENNETH ALLEN · other
HU JEAN X · other
HU JEAN X · other
XIE KENNETH QING · sell · $3,544,807
JENSEN KEITH FRANKLIN · sell · $905,465
JENSEN KEITH FRANKLIN · exercise · $412,116
WHITTLE JOHN · sell · $7,770,774
WHITTLE JOHN · exercise · $1,013,825
JENSEN KEITH FRANKLIN · sell · $321,636
XIE KENNETH QING · sell · $3,418,118
XIE MICHAEL · sell · $1,386,707
XIE MICHAEL · other
WHITTLE JOHN · other
XIE KENNETH QING · other
XIE KENNETH QING · sell · $2,902,950
NEUKOM WILLIAM H · other
WILDEROTTER MARY AGNES · other
SIM JUDITH KOON LIEN · other
STAVRIDIS JAMES G · other
GOLDMAN KENNETH ALLEN · other
HSIEH MING · other
HU JEAN X · other
XIE KENNETH QING · sell · $2,903,577
NEUKOM WILLIAM H · buy · $34,898
JENSEN KEITH FRANKLIN · sell · $3,428,621
JENSEN KEITH FRANKLIN · exercise · $1,115,641
XIE KENNETH QING · sell · $2,932,562
XIE MICHAEL · sell · $1,593,183
15 signals · latest 13h ago
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