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Shares in Sunnyvale, Calif.-based company rose an eye-popping 20% Thursday, a day after executives reported an earnings beat.

Fortinet Inc. (NASDAQ:FTNT) is one of the 10 Stocks Outperforming Wall Street With Monster Returns. Fortinet soared to a new 52-week high on Thursday, as investors resumed buying positions after a strong earnings performance in the first three months of the year and an upbeat outlook for the second quarter and the full-year period. At […]

JFrog raised its full-year outlook after first-quarter earnings and revenue topped Wall Street expectations, with the company saying AI coding agents are driving cloud demand.

Analysts point to strong data center traction

Fortinet Inc (NASDAQ:FTNT) reported stronger-than-expected results for the first quarter of 2026, sending its shares more than 21% higher to about $109 on Thursday morning. For Q1, revenue rose 20% year over year to $1.85 billion, compared with analyst expectations of about $1.73...

FTNT posts Q1 beats on earnings and revenues, fueled by strong enterprise demand and growth across AI security, SASE and OT markets.

AI ransomware and data centers are both driving up demand for Fortinet’s products, analyst Gray Powell said.

Fortinet reported its first-quarter 2026 results on 6 May, with revenue rising to US$1,849.6 million and net income to US$534.5 million, alongside higher earnings per share versus a year earlier. Beyond the headline beat and raised guidance, Fortinet underscored the growing role of AI-enabled security and new FortiGate G-series appliances in driving demand across data centers and operational technology environments. We'll now examine how Fortinet's stronger-than-expected Q1 results and...

Investing.com -- Cybersecurity firm Fortinet shares rallied 16% in premarket on Thursday as investors cheered strong first quarter.