Fortinet Inc. ($FTNT) Stock Forecast: Down 5.3% Today

What is Fortinet Inc.?

Fortinet (FTNT) specializes in cybersecurity solutions for businesses. The stock experienced a significant bearish trend today amid varied analyst opinions and as it nears a significant resistance level.

Why is Fortinet Inc. going down?

FTNT stock is down 5.3% on Feb 18, 2026 14:36

• Despite Fortinet's impressive Q4 2025 earnings performance, it faced a downgrade from Freedom Capital Markets citing overvaluation, which led to the decline in its stock.
• The stock's decline was influenced by the nearing resistance level of $87.20 and emerging negative signals from the RSI.
• Fortinet's advancements in the FortiCNAPP solution centered on cloud risk management were viewed positively, though they were insufficient to counterbalance broader market sentiment and analyst downgrades.
• Despite the favorable product revenue and billings growth, the bearish movement today was primarily driven by conflicting analyst predictions and apprehensions regarding valuation.

FTNT Price Chart

FTNT Technical Analysis

FTNT News

Fortinet (FTNT) Beat Earnings — So Why Did It Just Get Downgraded?

Fortinet (FTNT) was downgraded to Hold by Freedom Capital Markets despite a strong Q4 2025 earnings beat, primarily due to valuation concerns. The stock's P/E ratio and other factors led to the downgrade, even though product revenue and billings growth exceeded expectations. However, several other analysts maintained or raised their price targets, indicating a mixed outlook for the cybersecurity firm.

https://coincentral.com/fortinet-ftnt-beat-earnings-so-why-did-it-just-get-downgraded/

Palo Alto Networks CEO: AI Won’t Replace Security Tools ‘Any Time Soon’

Palo Alto Networks CEO Nikesh Arora states that AI, specifically LLMs, will not soon replace existing security tools due to accuracy limitations and the inability to leverage proprietary domain-specific data. He emphasized that AI is more of an opportunity than a threat for cybersecurity vendors, as it can enhance products and security teams. Arora also highlighted the company's recent acquisition of Koi to boost AI agent security and the successful scaling of its Prisma AIRS platform, alongside the completion of the CyberArk acquisition for identity security.

https://www.crn.com/news/security/2026/palo-alto-networks-ceo-ai-won-t-replace-security-tools-any-time-soon

Fortinet price readies to tackle pivotal resistance - Forecast today - 17-02-2026

Fortinet's stock price gained in recent trading, approaching a key resistance level of $87.20. While a short-term upward trend is in control and the price is above the 50-day SMA, emerging negative signals from the RSI could be a near-term obstacle. The forecast is bullish, anticipating a break above $87.20 to target $96.00.

https://www.economies.com/stocks/united-states-analysis/fortinet-price-readies-to-tackle-pivotal-resistance---forecast-today---17-02-2026-124911

Fortinet enhances FortiCNAPP with unified cloud risk visibility across network and data layers

Fortinet has updated FortiCNAPP to provide expanded cloud risk visibility, allowing organizations to better prioritize and address security risks. The enhancements integrate network enforcement, data sensitivity, and runtime validation into a single workflow, helping security teams move beyond alert overload. This unification addresses challenges identified in Fortinet's 2026 Cloud Security Report, such as tool sprawl and visibility gaps in hybrid and multi-cloud environments.

https://www.varindia.com/news/fortinet-enhances-forticnapp-with-unified-cloud-risk-visibility-across-network-and-data-layers

Fortinet Expands FortiCNAPP Cloud Risk Management with Network, Data, and Unified Risk Context

Fortinet has announced significant enhancements to its FortiCNAPP solution, focusing on improving cloud risk management by integrating network security posture, native Data Security Posture Management (DSPM), and runtime validation. These updates aim to help organizations prioritize real-world cloud risks more effectively by correlating various security signals into a single, actionable workflow. The solution addresses challenges like tool sprawl and fragmented visibility in multi-cloud environments, enabling security teams to make more informed decisions and accelerate remediation efforts.

https://cxotoday.com/media-coverage/fortinet-expands-forticnapp-cloud-risk-management-with-network-data-and-unified-risk-context/

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Fortinet Inc. Price History

23.08.2025 - FTNT Stock was up 3.3%

• Despite a 15.6% year-to-date drop, Fortinet's strong Secure Access Service Edge (SASE) momentum and raised guidance indicate a potential recovery, leading to a bullish movement in the stock.
• The company's focus on heavy infrastructure build-out to support cloud-first growth and enhance competitiveness is viewed positively by investors, contributing to the bullish market movement.
• The combination of improving AI security offerings, increased infrastructure investments, and positive market sentiment likely fueled the strong bullish movement in FTNT stock today.

03.01.2026 - FTNT Stock was down 4.0%

• Despite reporting strong Q3 earnings and providing optimistic guidance for FY2025, Fortinet's stock experienced a bearish movement.
• The increase in institutional ownership by Jones Financial Companies Lllp may have led to profit-taking by other investors, contributing to the downward pressure on the stock.
• The bullish sentiment surrounding Fortinet, highlighting its strong cybersecurity business and financial health, may not have been enough to counteract broader market trends or profit-taking behavior.
• The short-term pressure faced by Palo Alto Networks, a competitor in the cybersecurity space, could have indirectly impacted Fortinet's stock performance as well.

12.07.2025 - FTNT Stock was up 5.1%

• Fortinet's stock price saw a 0.59% spike in the current market session, indicating positive investor sentiment.
• Despite a recent decrease in the stock price over the past month, Fortinet has shown resilience with a 7.80% increase over the past year.
• The bullish movement could be attributed to Fortinet beating earnings and revenue estimates, raising its full-year billings guidance, and reporting strong billings growth and non-GAAP operating margin.
• The negative sentiment in the cybersecurity sector, particularly affecting CrowdStrike Holdings (NASDAQ: CRWD), following Fortinet's cautious outlook, might have led to a sector-wide pullback, but Fortinet's robust performance stood out amidst the market fluctuations.

03.10.2025 - FTNT Stock was down 1.9%

• The stock has declined by 14.6% in the past 3 months, indicating a challenging period for Fortinet, despite its strong AI innovations and raised guidance.
• The looming class action lawsuits and lead plaintiff deadlines may have contributed to investor uncertainty and selling pressure on the stock.
• Investors are advised to closely monitor the company's Q3 earnings report for insights into its performance and potential recovery prospects.
• The negative sentiment surrounding Fortinet due to legal issues could be overshadowing its technological advancements, leading to the bearish market movement.

04.01.2026 - FTNT Stock was up 1.2%

• Fortinet's stock displayed a significant bullish movement today.
• The surge in the stock could be linked to the notable upgrades made to its FortiCNAPP cloud security platform, enhancing its position in the cloud security market and potentially attracting more customers.
• Despite a substantial sale of shares by CEO Ken Xie impacting initial investor sentiment, the positive quarterly earnings results and guidance for FY2025 provided by the company likely reassured investors and contributed to the upward momentum.
• While Jefferies expressed reservations about Fortinet's 2026 performance, short-term positive expectations for the upcoming earnings report may have overridden these concerns, bolstering investor confidence in the stock.

06.01.2026 - FTNT Stock was up 2.3%

• Fortinet (FTNT) saw a strong bullish movement today after surpassing expectations in its fourth-quarter earnings, fueled by strong enterprise demand and increased billings.
• The company exceeded analyst forecasts with a 20% year-over-year growth in product revenue and a 12% rise in services revenue.
• Fortinet's leading position in the sovereign SASE market, emphasized by CEO Ken Xie, along with the strong performances of other cybersecurity companies like NetScout and Qualys in their recent earnings, highlight the robust demand in the cybersecurity sector.
• Fortinet's ability to outperform and withstand a broader market decline suggests it may be well-equipped to navigate potential tech selloffs, solidifying its standing as a cybersecurity leader with an expanding security portfolio.

23.00.2026 - FTNT Stock was up 9.0%

• Fortinet's stock showed significant bullish movement after receiving an upgrade to a 'buy' rating by TD Cowen, maintaining a target price of $100.
• Analysts' optimistic forecasts, particularly coming from a well-regarded analyst who upgraded the stock, influenced this bullish trend.
• Despite a new authentication flaw in its firewalls posing a potential threat, investors appear more focused on the upgrade and the company's strong position in the cybersecurity industry.
• The 'buy' rating upgrade may be viewed as a confirmation of Fortinet's capability to address and overcome security vulnerabilities, providing reassurance to investors about the company's ability to navigate emerging threats efficiently.

23.00.2026 - FTNT Stock was up 7.4%

• An upgrade to a "Buy" rating by TD Cowen, predicated on a promising fiscal year 2026 outlook and stability, propelled Fortinet's stock by 7%.
• Despite encountering automated attacks that targeted vulnerabilities in FortiGate devices, investor confidence in Fortinet remains strong, bolstered by the company's resilience and dedication to cybersecurity initiatives.
• Truist reducing the price target to $88 from $95 was eclipsed by the optimism surrounding a robust Q4 performance, underscoring Fortinet's potential for long-term growth.
• The prevailing bullish sentiment surrounding Fortinet was amplified by industry dynamics and the company's limited exposure to China, positioning it favorably for growth in the cybersecurity sector.

08.11.2025 - FTNT Stock was down 2.4%

• Despite Fortinet's strong Q3 2025 results and breaking above its 50-day moving average, the stock experienced a bearish movement today.
• The bullish trend following the earnings report and technical indicators may have already been priced in, leading to profit-taking by investors.
• The overall market sentiment or broader economic factors could have influenced the bearish movement in FTNT today, overshadowing the recent positive developments.
• Investors should continue to monitor FTNT for potential buying opportunities as the company's fundamentals remain strong despite the short-term market movement.

06.10.2025 - FTNT Stock was down 6.9%

• A securities fraud class action lawsuit that is still pending against Fortinet might have spurred doubt and negative sentiment among traders, leading to the stock's decline.
• Despite outperforming Q3 earnings and revenue projections, Fortinet's stock price dropped, indicating that market anticipations may have been higher than realized.
• Conflicting advice on whether to purchase, sell, or retain Fortinet shares prior to Q3 earnings could have further fueled volatility and selling pressure on the stock.
• In summary, a blend of legal uncertainties, heightened market expectations, and divergent analyst guidance likely contributed to today's downturn in Fortinet's stock value.

12.01.2026 - FTNT Stock was down 5.0%

• Fortinet (FTNT) saw a strong bearish movement today, potentially influenced by analyst adjustments, such as a lowered price target by Evercore ISI and varied analyst ratings despite exceeding earnings estimates.
• Wealthfront Advisers LLC increased their stake in Fortinet during Q3, possibly providing some support, though insider selling by company executives could have sparked investor concerns.
• The price target for Fortinet was adjusted to $90 from $86 by Daiwa Securities, with a "Neutral" rating, potentially contributing to stock volatility as investors reconsider their positions.
• The bearish trend in Fortinet's stock today may indicate mixed analyst sentiment, despite positive financial updates and growth potential in the cybersecurity sector.

18.01.2026 - FTNT Stock was down 5.3%

• Despite Fortinet's impressive Q4 2025 earnings performance, it faced a downgrade from Freedom Capital Markets citing overvaluation, which led to the decline in its stock.
• The stock's decline was influenced by the nearing resistance level of $87.20 and emerging negative signals from the RSI.
• Fortinet's advancements in the FortiCNAPP solution centered on cloud risk management were viewed positively, though they were insufficient to counterbalance broader market sentiment and analyst downgrades.
• Despite the favorable product revenue and billings growth, the bearish movement today was primarily driven by conflicting analyst predictions and apprehensions regarding valuation.