- Prev close
- $160.11
- Day range
- $158.56 – $165.50
- Next earnings
- in 87 days
FTNT’s 2026-08-01 close rose +5.0% as a stock-specific move, with the shares reaching $162.57 intraday and finishing near the high of the day; the backdrop looks constructive because growth and margins remain strong, though the 55.9 P/E keeps the setup sensitive to earnings execution.
FTNT
FORTINET INC
As of Aug 2, 2026
72/100
Looks healthyHealth ScoreMove driver
FTNT rose +5.0% on 2026-08-01, while the S&P 500 rose +0.7% and the Nasdaq 100 rose +0.6%, so the move was far larger than the market and is best read as stock-specific. The intraday path also looked firm: it opened at $154.01, traded as low as $153.61, reached $162.57, and closed at $161.95, which is a steady advance rather than a fade. No same-sector peer move was provided, and the company-specific news flow cited AI security optimism, FortiEndpoint AI features, and a broader global distribution pact with TD SYNNEX, which fits the scale of the move better than the broad market does.
Volatility check
This looks like normal-but-not-cheap volatility for a high-quality name rather than deterioration. Revenue is up +18.8% YoY (TTM) and +25.6% YoY in the latest quarter, EPS is up +13.3% YoY (TTM), and margins are strong at +80.2% gross, +32.4% operating, and +28.2% net. Against that, valuation is demanding at 55.9 P/E and 44.2 forward P/E, with a 3.76 PEG — P/E divided by growth, so investors are paying 3.76× the growth rate — which means the market already discounts a lot of execution. Beta is 1.06, so the shares can move a bit more than the market, and a +5.0% session is consistent with that profile.
Earnings setup
The next earnings date is not available this period, so I won’t invent a timetable. The only forward-looking company context in the facts is that Fortinet is heading into Q2 earnings with attention on forecast growth in both services and products, plus recent FortiEndpoint AI features and the TD SYNNEX distribution pact. There is no prior post-earnings reaction data in the facts, so the report should focus on whether the company can sustain the +25.6% YoY latest-quarter revenue growth, keep margins near +32.4% operating and +28.2% net, and justify a 44.2 forward P/E after a 55.9 P/E and 3.76 PEG.
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