Fortinet Reports Second Quarter 2025 Financial Results
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Fortinet (FTNT) PT Lowered to $78 at Evercore ISI
August 7, 2025 5:37 AM EDTEvercore ISI analyst Amit Daryanani lowered the price target on Fortinet (NASDAQ: FTNT) to $78.00 (from $105.00) while maintaining a In Line rating.
The analyst comments "FTNT delivered in-line Q2 results, making for an uneventful quarter on the surface. While the FY guide was reiterated, a $50mn mix shift from services to product revenue stood out. At first glance, it seemed explainable and easy for the street to look past. However, a closer look suggests this revision reflects softer performance in next-gen software (non-firewall rev) than previously... More
Raymond James Reiterates Market Perform Rating on Fortinet (FTNT)
August 7, 2025 5:11 AM EDTRaymond James analyst Adam Tindle reiterated a Market Perform rating on Fortinet (NASDAQ: FTNT).
The analyst comments "We maintain our Market Perform rating on FTNT following 2Q results where Billings (key growth metric) was above our view of buyside bogeys prior to the quarter (link), but qualitative commentary poured... More
Fortinet (FTNT) Tops Q2 EPS by 5c, offers guidance
August 6, 2025 4:25 PM EDTFortinet (NASDAQ: FTNT) reported Q2 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.63 billion.
GUIDANCE:
Fortinet sees Q3 2025 EPS of $0.62-$0.64, versus the consensus of $0.61. Fortinet sees Q3... More
