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Fortinet reissued as Strong Buy with 41% product revenue growth and strong 2026 guidance.

Analyst Insights
22 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Fortinet has been reissued a Strong Buy rating after reporting a 41% year-over-year surge in product revenues, driven by AI data centers and a unique ecosystem that is helping it gain market share. The company provided strong 2026 guidance with billings expected between $8.8 billion and $9.1 billion, gross margins of 79%–81%, and EPS of $3.1–$3.16. Fortinet also shows strong operating leverage, high free cash flow margins of 54.4%, and aggressive share buybacks, allocating over 80% of free cash flow to repurchases, signaling confidence in its growth trajectory.

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