Analyst Consensus ?
ConsensusHold67 ratings
Bullish2841.8%
Neutral3349.2%
Bearish69.0%
1 unmapped firm rating excluded from the percentages.
Fortinet, Inc. · FTNT · FY2025 Q2 · Calendar Q3 2025
Fortinet raises billings outlook as SASE and SecOps drive growth
The latest analysis supports a constructive operating thesis for Fortinet: enterprise SASE, SecOps and AI-driven security are supplying growth, while management raised full-year billings guidance. The counterweight is that infrastructure and product investment, SASE cannibalization risk and the timing of firewall refreshes could test margin expansion and the durability of the transition.
Reported After market closeNASDAQTechnology
$138.88B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.64
Consensus $0.59
EPS surprise
+8.5%
Reported versus consensus
Reported revenue
$1.63B
Consensus $1.63B
Revenue surprise
+0.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-22.0%
Event window
SPY move
-0.1%
Same window
Abnormal move
-21.9%
Stock minus SPY
Volume
11.5×
Versus trailing sessions
Subsequent drift
+4.7%
Up to 20 sessions
FTNTSPY benchmark
Ask FN2 about FTNT FY2025 Q2
Transcript, numbers and history already loaded
Why did FTNT fall 22.0% after beating EPS estimates in FY2025 Q2?What changed in FTNT's guidance and outlook in FY2025 Q2?Give me the bull and bear case for FTNT after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the emphasis shifted further toward Unified SASE, SecOps and FortiAI, with FortiSASE customers up 65% year over year and full-year billings guidance raised by $100 million. Management also outlined a larger owned-infrastructure build-out and new FortiCloud services, while the key watchpoints remain firewall-cycle timing, services mix and investment-related margin pressure.
Guidance delta
Management raised full-year billings guidance by $100 million while maintaining revenue guidance.
Key takeaways
- Billings and revenue exceeded guidance, with growth driven by large-enterprise SASE and SecOps adoption.
- Unified SASE represented 24% of billings and FortiSASE customers were up 65% year over year.
- Management described the legacy firewall refresh cycle as progressing while growth shifts toward SASE and AI-driven offerings.
- Fortinet is investing in owned infrastructure and AI capabilities to support SASE and cloud offerings.
- Management maintained a confident tone and raised the full-year billing outlook despite macro uncertainty.
Management priorities
- Launch FortiIdentity, FortiDrive and FortiConnect.
- Expand Sovereign SASE with telecom partners.
- Build global data-center infrastructure.
- Scale the FortiAI suite and other AI-driven security products.
- Migrate customers from firewall products to the integrated SASE platform.
Follow FTNT with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$190.47Current
$55Low
$112.87Average
$203High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 8, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Bernstein | Market Perform | Market Perform | Maintain | Sep 17, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jul 30, 2026 |
| Stifel | Hold | Hold | Maintain | Jul 30, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Jul 30, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 30, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 30, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Jul 30, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 30, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 21, 2026 |
| Mizuho | Underperform | Underperform | Maintain | Jul 15, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 13, 2026 |
| HSBC | Reduce | Hold | Downgrade | Jun 30, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jun 8, 2026 |
| UBS | Neutral | Neutral | Maintain | May 7, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | May 7, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 7, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | May 7, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | May 4, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | Feb 17, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Feb 6, 2026 |
| Jefferies | Hold | Hold | Maintain | Nov 6, 2025 |
| Baird | Neutral | Neutral | Maintain | Nov 6, 2025 |
| BWG Global | Mixed | Positive | Downgrade | Oct 20, 2025 |
| Keybanc | Overweight | Downgrade | Aug 7, 2025 | |
| Needham | Hold | Hold | Maintain | Feb 7, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Feb 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 7, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Feb 7, 2025 |
| Raymond James | Market Perform | Outperform | Downgrade | Jan 14, 2025 |
| DZ Bank | Sell | Hold | Downgrade | Feb 8, 2024 |
| Capital One | Equal Weight | Overweight | Downgrade | Jan 17, 2024 |
| William Blair | Market Perform | Outperform | Downgrade | Nov 3, 2023 |
| Oppenheimer | Perform | Outperform | Downgrade | Nov 3, 2023 |
| Loop Capital | Buy | Buy | Maintain | Feb 9, 2023 |
| MKM Partners | Buy | Buy | Maintain | Jan 31, 2023 |
| SMBC Nikko | Outperform | Outperform | Maintain | Oct 7, 2022 |
| Atlantic Equities | Overweight | Overweight | Maintain | Sep 2, 2022 |
| Cowen & Co. | Outperform | Outperform | Maintain | Sep 28, 2021 |
| Monness, Crespi, Hardt | Neutral | Buy | Downgrade | Jun 29, 2021 |
| DA Davidson | Buy | Buy | Maintain | Apr 30, 2021 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 30, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 12, 2020 |
| Northland Capital Markets | Outperform | Outperform | Maintain | Feb 3, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 19, 2019 |
| PiperJaffray | Overweight | Overweight | Maintain | Nov 8, 2019 |
| Citi | Sell | Sell | Maintain | Aug 2, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Apr 16, 2019 |
| First Analysis | Outperform | Neutral | Upgrade | Feb 8, 2019 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Jan 26, 2018 |
| Nomura | Buy | Buy | Maintain | Oct 11, 2016 |
| Pacific Crest | Overweight | Sector Weight | Upgrade | Aug 30, 2016 |
| Wunderlich Securities | Buy | Buy | Maintain | Apr 27, 2016 |
| Wunderlich | Buy | Buy | Maintain | Apr 27, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Apr 20, 2015 |
| Buckingham Research | Buy | Buy | Maintain | Apr 15, 2015 |
| FBR Capital | Outperform | Outperform | Maintain | Oct 22, 2014 |
| Northland | Outperform | Outperform | Maintain | Jul 2, 2014 |
| Sterne Agee | Buy | Buy | Maintain | Feb 4, 2014 |
| Topeka Capital | Hold | Hold | Maintain | Nov 29, 2013 |
| Topeka | Hold | Hold | Maintain | Nov 29, 2013 |
| Northland Securities | Market Perform | Outperform | Downgrade | Jul 29, 2013 |
| FBN Securities | Outperform | Outperform | Maintain | Apr 11, 2013 |
| Northern Securities | Outperform | Outperform | Maintain | Sep 12, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $190.48. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Analyst unavailable | $145 | $171.77 | -23.9% | Sep 17, 2026 |
| Wedbush | Analyst unavailable | $155 | $158.85 | -18.6% | Sep 10, 2026 |
| Susquehanna | Analyst unavailable | $160 | $156.4 | -16.0% | Jul 31, 2026 |
| RBC Capital | Analyst unavailable | $185 | $156.05 | -2.9% | Jul 30, 2026 |
| Robert W. Baird | Analyst unavailable | $165 | $156.26 | -13.4% | Jul 30, 2026 |
| Evercore ISI | Analyst unavailable | $165 | $158.65 | -13.4% | Jul 30, 2026 |
| Morgan Stanley | Analyst unavailable | $136 | $159.79 | -28.6% | Jul 30, 2026 |
| Deutsche Bank | Analyst unavailable | $160 | $158.1 | -16.0% | Jul 30, 2026 |
| UBS | Roger Boyd | $180 | $158.54 | -5.5% | Jul 30, 2026 |
| BTIG | Gray Powell | $203 | $153.22 | +6.6% | Jul 30, 2026 |
| Scotiabank | Patrick Colville | $163 | $153.22 | -14.4% | Jul 30, 2026 |
| Stifel Nicolaus | Analyst unavailable | $175 | $153.22 | -8.1% | Jul 30, 2026 |
| Goldman Sachs | Gabriela Borges | $190 | $153.22 | -0.2% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $175 | $153.22 | -8.1% | Jul 30, 2026 |
| Rosenblatt Securities | Catherine Trebnick | $195 | $153.22 | +2.4% | Jul 30, 2026 |
| Wells Fargo | Analyst unavailable | $135 | $153.22 | -29.1% | Jul 30, 2026 |
| Wolfe Research | Analyst unavailable | $175 | $153.22 | -8.1% | Jul 30, 2026 |
| Barclays | Analyst unavailable | $190 | $153.22 | -0.2% | Jul 30, 2026 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $185 | $153.22 | -2.9% | Jul 30, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $165 | $155.05 | -13.4% | Jul 23, 2026 |
| Truist Financial | Analyst unavailable | $183 | $160.36 | -3.9% | Jul 21, 2026 |
| Robert W. Baird | Shrenik Kothari | $120 | $160.36 | -37.0% | Jul 21, 2026 |
| Morgan Stanley | Meta Marshall | $133 | $160.36 | -30.2% | Jul 21, 2026 |
| Wells Fargo | Analyst unavailable | $120 | $161.61 | -37.0% | Jul 20, 2026 |
| RBC Capital | Analyst unavailable | $160 | $161.69 | -16.0% | Jul 16, 2026 |
| Mizuho Securities | Analyst unavailable | $125 | $166.83 | -34.4% | Jul 15, 2026 |
| Barclays | Analyst unavailable | $170 | $157.51 | -10.7% | Jul 13, 2026 |
| BTIG | Gray Powell | $186 | $163.73 | -2.3% | Jul 10, 2026 |
| HSBC | Analyst unavailable | $102 | $155.42 | -46.4% | Jun 29, 2026 |
| Barclays | Analyst unavailable | $155 | $145.06 | -18.6% | Jun 12, 2026 |
| Susquehanna | Shyam Patil | $115 | $111.96 | -39.6% | May 8, 2026 |
| RBC Capital | Analyst unavailable | $107 | $110.97 | -43.8% | May 7, 2026 |
| Morgan Stanley | Analyst unavailable | $80 | $110.83 | -58.0% | May 7, 2026 |
| Deutsche Bank | Analyst unavailable | $100 | $111.44 | -47.5% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $120 | $111.29 | -37.0% | May 7, 2026 |
| Robert W. Baird | Shrenik Kothari | $115 | $89.95 | -39.6% | May 7, 2026 |
| Wells Fargo | Analyst unavailable | $70 | $89.95 | -63.2% | May 7, 2026 |
| Stephens | Analyst unavailable | $115 | $89.95 | -39.6% | May 7, 2026 |
| BTIG | Gray Powell | $125 | $89.95 | -34.4% | May 7, 2026 |
| Barclays | Analyst unavailable | $115 | $89.95 | -39.6% | May 7, 2026 |
| Compass Point | Analyst unavailable | $100 | $88.34 | -47.5% | May 4, 2026 |
| Arete Research | Ellie Kearney | $104 | $84.35 | -45.4% | Apr 27, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $83.1 | -55.4% | Mar 11, 2026 |
| BMO Capital | Analyst unavailable | $95 | $82.76 | -50.1% | Feb 9, 2026 |
| Robert W. Baird | Analyst unavailable | $90 | $81.46 | -52.7% | Feb 6, 2026 |
| RBC Capital | Dan Bergstrom | $90 | $81.61 | -52.7% | Feb 6, 2026 |
| Bernstein | Analyst unavailable | $83 | $81.83 | -56.4% | Feb 6, 2026 |
| Evercore ISI | Peter Levine | $80 | $80.89 | -58.0% | Feb 6, 2026 |
| Mizuho Securities | Analyst unavailable | $74 | $78.93 | -61.1% | Feb 6, 2026 |
| UBS | Analyst unavailable | $90 | $78.93 | -52.7% | Feb 6, 2026 |
| Jefferies | Joseph Gallo | $90 | $78.93 | -52.7% | Feb 6, 2026 |
| Barclays | Saket Kalia | $88 | $81.29 | -53.8% | Feb 3, 2026 |
| Scotiabank | Analyst unavailable | $85 | $81.26 | -55.4% | Feb 2, 2026 |
| Jefferies | Joseph Gallo | $80 | $81.51 | -58.0% | Jan 30, 2026 |
| Truist Financial | Analyst unavailable | $88 | $75.1 | -53.8% | Jan 20, 2026 |
| Piper Sandler | Rob Owens | $90 | $77.88 | -52.7% | Jan 5, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $79.38 | -63.2% | Dec 18, 2025 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $87 | $78.92 | -54.3% | Nov 24, 2025 |
| Morgan Stanley | Meta Marshall | $67 | $76.92 | -64.8% | Sep 2, 2025 |
| Morgan Stanley | Keith Weiss | $78 | $96.58 | -59.0% | Aug 7, 2025 |
| Barclays | Saket Kalia | $110 | $99.06 | -42.2% | Jul 14, 2025 |
| Roth Capital | Analyst unavailable | $103 | $94.37 | -45.9% | Apr 22, 2025 |
| UBS | Analyst unavailable | $123 | $95.47 | -35.4% | Mar 18, 2025 |
| KeyBanc | Eric Heath | $115 | $97.13 | -39.6% | Dec 19, 2024 |
| Stifel Nicolaus | Adam Borg | $103 | $93.36 | -45.9% | Dec 18, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $100 | $69.69 | -47.5% | Nov 19, 2024 |
| HSBC | Stephen Bersey | $111 | $97.18 | -41.7% | Nov 11, 2024 |
| BMO Capital | Keith Bachman | $88 | $78.18 | -53.8% | Nov 8, 2024 |
| Barclays | Saket Kalia | $85 | $78.84 | -55.4% | Nov 4, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $85 | $78.74 | -55.4% | Oct 31, 2024 |
| Truist Financial | Junaid Siddiqui | $85 | $80.7 | -55.4% | Oct 23, 2024 |
| Mizuho Securities | Gregg Moskowitz | $68 | $82.12 | -64.3% | Oct 17, 2024 |
| HSBC | Stephen Bersey | $83 | $77.66 | -56.4% | Sep 23, 2024 |
| CFRA | Janice Quek | $84 | $75.08 | -55.9% | Sep 13, 2024 |
| Citigroup | Fatima Boolani | $76 | $74.49 | -60.1% | Sep 13, 2024 |
| Robert W. Baird | Shrenik Kothari | $80 | $68.26 | -58.0% | Aug 7, 2024 |
| BMO Capital | Keith Bachman | $76 | $69.93 | -60.1% | Aug 7, 2024 |
| Wells Fargo | Andrew Nowinski | $64 | $55.81 | -66.4% | Aug 7, 2024 |
| HSBC | Stephen Bersey | $59 | $69.93 | -69.0% | Aug 7, 2024 |
| Rosenblatt Securities | Catherine Trebnick | $68 | $55.44 | -64.3% | Aug 5, 2024 |
| Citigroup | Fatima Boolani | $65 | $57.39 | -65.9% | Jul 30, 2024 |
| Morgan Stanley | Hamza Fodderwala | $69 | $58.92 | -63.8% | Jul 17, 2024 |
| Scotiabank | Patrick Colville | $80 | $59.65 | -58.0% | Jun 11, 2024 |
| Evercore ISI | Peter Levine | $67 | $60.09 | -64.8% | Jun 10, 2024 |
| Piper Sandler | Rob Owens | $70 | $59.83 | -63.2% | May 3, 2024 |
| Truist Financial | Junaid Siddiqui | $70 | $61.43 | -63.2% | May 3, 2024 |
| HSBC | Stephen Bersey | $54 | $65.2 | -71.6% | May 3, 2024 |
| UBS | Fatima Boolani | $69 | $65.2 | -63.8% | May 3, 2024 |
| Cantor Fitzgerald | Yi Fu Lee | $55 | $65.2 | -71.1% | May 3, 2024 |
| Mizuho Securities | Gregg Moskowitz | $66 | $65.2 | -65.3% | May 3, 2024 |
| RBC Capital | Dan Bergstrom | $68 | $65.2 | -64.3% | May 3, 2024 |
| Barclays | Saket Kalia | $75 | $65.2 | -60.6% | May 3, 2024 |
| Robert W. Baird | Shrenik Kothari | $81 | $69.48 | -57.5% | Feb 7, 2024 |
| Truist Financial | Junaid Siddiqui | $60 | $47.75 | -68.5% | Nov 3, 2023 |
| Guggenheim | Raymond McDonough | $70 | $56.77 | -63.2% | Aug 7, 2023 |
| Loop Capital Markets | Analyst unavailable | $66 | $51.99 | -65.3% | Feb 7, 2023 |
| BMO Capital | Analyst unavailable | $57 | $53.09 | -70.1% | Feb 2, 2023 |
| Morgan Stanley | Analyst unavailable | $71 | $48.98 | -62.7% | Dec 22, 2022 |
| Morgan Stanley | Hamza Fodderwala | $66 | $45.93 | -65.3% | Nov 3, 2022 |
| SMBC Nikko | Carson Sippel | $70 | $53.74 | -63.2% | Oct 6, 2022 |
| MKM Partners | Catharine Trebnick | $70 | $50.42 | -63.2% | Sep 16, 2022 |
| Deutsche Bank | Brad Zelnick | $63 | $51.93 | -66.9% | Aug 17, 2022 |
| Mizuho Securities | Gregg Moskowitz | $70 | $52.53 | -63.2% | Aug 4, 2022 |
| BMO Capital | Keith Bachman | $70 | $57.37 | -63.2% | Jul 5, 2022 |
| KeyBanc | Michael Turits | $70.6 | $56.31 | -62.9% | May 15, 2022 |
| Deutsche Bank | Patrick Colville | $60 | $52.19 | -68.5% | May 12, 2022 |
| Citigroup | Fatima Boolani | $81 | $61.73 | -57.5% | Apr 29, 2022 |
| Goldman Sachs | Brian Essex | $78 | $66.35 | -59.0% | Apr 17, 2022 |
| Barclays | Saket Kalia | $79 | $67.8 | -58.5% | Apr 3, 2022 |
| Deutsche Bank | Patrick Colville | $50 | $66.55 | -73.7% | Mar 26, 2022 |
| Wedbush | Daniel Ives | $70 | $62.87 | -63.2% | Feb 6, 2022 |
| Evercore ISI | Irvin Liu | $76 | $62.87 | -60.1% | Feb 4, 2022 |
| Morgan Stanley | Hamza Fodderwala | $63 | $62.87 | -66.9% | Feb 4, 2022 |
| Raymond James | Adam Tindle | $70 | $62.87 | -63.2% | Feb 4, 2022 |
| Colliers Securities | Catharine Trebnick | $66 | $62.87 | -65.3% | Feb 4, 2022 |
| Wells Fargo | Andrew Nowinski | $72 | $59.4 | -62.2% | Feb 3, 2022 |
| Cowen & Co. | Shaul Eyal | $85 | $61.43 | -55.4% | Jan 19, 2022 |
| BTIG | Gray Powell | $78.2 | $68.27 | -58.9% | Nov 17, 2021 |
| Piper Sandler | Rob Owens | $70 | $68.24 | -63.2% | Nov 5, 2021 |
| FBN Securities | Shebly Seyrafi | $80 | $68.24 | -58.0% | Nov 5, 2021 |
| Oppenheimer | Ittai Kidron | $80 | $68.24 | -58.0% | Nov 5, 2021 |
| Goldman Sachs | Brian Essex | $76 | $68.24 | -60.1% | Nov 5, 2021 |
| KeyBanc | Michael Turits | $74 | $66.38 | -61.1% | Oct 25, 2021 |
| Stifel Nicolaus | Adam Borg | $71 | $59.92 | -62.7% | Sep 21, 2021 |
Track every rating change on FTNT the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices.…
Historical context
All FTNT earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
Get the FTNT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-08T14:10:44.779114+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-08T14:10:44.776052+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-08. For educational purposes only; not investment advice.