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Further Reading from MarketBeat Media

4 Reasons Fortinet is at A Buyable Bottom

Authored by Thomas Hughes. Published: 2/11/2026. 

Factors are aligning that suggest Fortinet (NASDAQ: FTNT) stock will rebound in 2026, with a 15% to 30% gain. They include technical setup, results, analyst trends and institutional activity, collectively providing support and a tailwind for price action. While AI is disrupting the outlook, it is also driving this cybersecurity business as companies lean into AI-assisted services while protecting themselves from ever-increasing risk. Estimates vary, but they agree that both the frequency and cost of cyberattacks are rising and will likely continue to increase.

#1 Fortinet Is at a Hard Bottom in Price Action

Fortinet’s stock price retreated sharply in mid-2025 as fears of slowing growth crept into the market. The pullback looks like an overreaction, given the strength of fiscal Q4 2025 results and the 2026 guidance. Subsequent price action has confirmed the Q3 2025 lows as a bottom, with both MACD and stochastic indicators moving into alignment.

MACD specifically shows a divergence from the second low, indicating the bulls are regaining market control. The market is trading at or above key moving averages, including the 150-week and 150-day EMAs, which act as buy-and-hold support. Resistance appeared near $87.50 after the release, but that level is unlikely to hold given the strong results and the analysts’ response.

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Summary

• Fortinet is well-positioned to continue growing as cyber threats and AI traffic increase.
• 2026 guidance is better-than-expected and potentially cautious due to expected momentum gains.
• Stock price action reveals a bottom and potential for advance, underpinned by results and analysts’ sentiment.

#2 Fortinet Has a Beat-and-Raise Quarter, Sustains Mid-Teens Growth

Fortinet had a solid quarter, with FQ4 revenue growing 15.1% to more than $1.90 billion. The top line beat MarketBeat’s reported consensus by roughly 270 basis points, supported by a 20% increase in product sales and services and an 18% rise in billings. Strength was visible across the portfolio and appears likely to continue into the coming year.

While Q1 revenue guidance came in a bit shy of some estimates, management expects strength in the back half of the year. Analysts’ earnings estimates for Q1 and the full year were outperformed and may be conservative given current trends. The company’s CFO forecasts service revenue to accelerate in the back half, with product revenue acceleration expected to be a leading indicator in 2026. The likely outcome is relative strength and potential outperformance in upcoming quarters.

#3 Analysts’ Sentiment Firms: Limited Downside With Catalysts Ahead

The analysts’ response to Fortinet’s Q4 release and guidance update has been mixed, with a number of price-target reductions offset by several increases. Notably, more price-target raises than cuts were issued, revealing a modestly bullish bias, and the 12 revisions made within the first three days of the release align with the broader consensus target.

The wide range of targets assumes only modest upside for this market and implies a floor for price action around current support levels. Those support targets sit near $70 to $74, coincidentally aligned with prior resistance levels broken in 2024. The likely outcome is continued consolidation near early February levels rather than a deep pullback. What is expected is for potent catalysts to emerge later in the year as results continue to outperform expectations.

#4 Institutions Accumulate FTNT Stock in Early 2026

Institutional activity provides a solid support base for this stock, with buying patterns aligning with the market bottom indicated by technicals, results and analyst trends. Institutions own more than 80% of the float and accumulated shares at a ratio of more than 3-to-1 in January 2026 (more than $3 bought for each $1 sold). That buying pace underpinned the January rebound and sets up the market to continue advancing.

The main risk for retail traders is that institutions typically do not chase momentum higher; they prefer adding on pullbacks. That behavior raises the possibility of range-bound trading until later in the year, when clearer catalysts could drive a more decisive move.

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