Morgan Stanley has downgraded Fortinet Inc (FTNT) to Underweight from Equal-Weight as of September 1, 2025. The stock is currently priced at $78.19.
This downgrade suggests increased caution regarding Fortinet's outlook. Concerns may stem from competitive pressures, market conditions, or execution risks that could impact the company's performance.
Fortinet, headquartered in Sunnyvale, California, provides cybersecurity solutions across various sectors, including enterprises and government organizations. The company boasts a market cap of $59.3 billion and a P/E ratio of 31.65. Its upcoming earnings report is scheduled for August 4, 2026, with an estimated EPS of $0.70 and revenue of $1.8 billion.
Analyst ratings serve as professional opinions based on research and financial models. While they can offer valuable insights, they are based on assumptions that may not materialize. Investors should consider a range of factors, including company fundamentals and industry trends, before making decisions.
Recent analyst consensus shows 6 Strong Buy, 11 Buy, 31 Hold, and 2 Sell ratings, reflecting a general Hold outlook as of November 1, 2025. Analyst opinions can change as new information becomes available, highlighting the need for continual assessment.