Fortinet raises guidance with strong data center growth and cost-effective firewalls, boosting market share and future revenue forecasts.

Fortinet is rated a Strong Buy due to its raised guidance and strong performance in data center markets. Its ASIC-powered firewalls offer 8–15 times higher throughput and 30–50% lower prices than competitors, driving rapid market share gains. Data center deals now account for up to 16% of Fortinet's product revenues, with expectations for further growth. Analysts forecast revenues reaching $14.66–$15.35 billion by 2030 and EBIT margins expanding to 47%, supported by favorable valuation multiples.

Fortinet shares are trading near their 52-week high at USD 178.49, up 1.44% as of Oct 01, 2026, 04:31 WIB on Pluang. The stock shows strong investor interest with 82% of order activity on Pluang being buys. This robust demand aligns with the company’s positive outlook and raised guidance highlighted in the news.