Fortinet stock rises in premarket after earnings beat and upbeat 2026 outlook
Fortinet shares rose 2.8% to $81.11 premarket after quarterly earnings and revenue beat forecasts, with billings climbing to $2.37 billion. Adjusted earnings reached 81 cents per share on $1.91 billion revenue. The company projected first-quarter earnings below some estimates and approved a $1 billion increase to its share buyback program. Service revenue growth lagged, raising questions about renewal momentum.