JP Morgan has downgraded Fortinet Inc (FTNT) to Underweight from Neutral as of December 16, 2025. This revision indicates increased caution regarding the company's outlook, potentially reflecting concerns about competitive pressures and market conditions that could adversely affect Fortinet's performance.
Currently, Fortinet's stock is priced at $80.85, with a market capitalization of $60.5 billion and a trailing P/E ratio of 32.29. The company, headquartered in Sunnyvale, California, provides cybersecurity solutions across various sectors, including enterprises and government organizations. Its integrated platform, Fortinet Security Fabric, encompasses secure networking and AI-driven security operations.
The upcoming earnings report is scheduled for August 4, 2026, with an estimated EPS of $0.70 and revenue expected to reach $1.8 billion. Recent earnings results have shown positive surprises, with Q3 2025 EPS reported at $0.74, exceeding estimates by 14.8%.
Analyst ratings and price targets are informed by research and financial models, but they are based on assumptions that may not always materialize. Thus, investment decisions should consider a range of factors including company fundamentals and industry trends. Analyst views can change as new information becomes available, underscoring the importance of a comprehensive approach to investment analysis.