Fortinet (FTNT, $53.39) tops Q2 earnings expectations
Fortinet Inc. posted second-quarter 2022 non-GAAP earnings of 24 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents. The figure is also higher than the year-ago quarter’s 19 cents per share.
Total revenues surged +28.6% from the year-ago quarter to $1.03 billion, in line with the Zacks Consensus estimate. Growth was bolstered by solid demand for FortiGate technology (which includes a security processing unit, an integrated Security Fabric platform and hybrid multi-cloud offerings).
While Fortinet’s Product revenues climbed +34.3% year over year to $400.7 million, Services revenues rose +25.2% to $629.4 million.
Billings rose +35.7% year-over-year to $1.30 billion, while bookings surged + 42.1% year over year to $1.38 billion.
Geographically, the company generated the highest revenue growth in the APAC region (+ 42.3% ) followed by the EMEA (+28% )and America ( 22.7%).
FTNT in downward trend: price dove below 50-day moving average on August 19, 2026
FTNT moved below its 50-day moving average on August 19, 2026 date and that indicates a change from an upward trend to a downward trend. In of 46 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FTNT as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FTNT turned negative on August 11, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTNT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
FTNT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 213 cases where FTNT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (71.942) is normal, around the industry mean (22.706). P/E Ratio (53.707) is within average values for comparable stocks, (70.701). Projected Growth (PEG Ratio) (2.086) is also within normal values, averaging (2.165). FTNT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (15.106) is also within normal values, averaging (111.934).
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General Information
a provider of threat management and network security solutions
Industry ComputerCommunications
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