Fortinet remains the cost-effective security platform leader with strong SMB and mid-market positioning, but has lost mindshare in cloud-native and large enterprise to Palo Alto and CrowdStrike. SecOps and SASE pivots are progressing but second-derivative slower than peers. Firewall refresh cycle remains a structural revenue base. OT/IoT security positioning is differentiated. Watch billings inflection as catalyst.
Thesis reviewed May 29, 2026
Fortinet Inc. is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →💻Technology26WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HUBS | HubSpot Inc. | 33 | +10% | ↓8% | EARLY |
| NOW | ServiceNow Inc. | 30 | +17% | ↓8% | EARLY |
| SNOW | Snowflake Inc. | 30 | +9% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 30 | +7% | ↓8% | NEUTRAL |
| TEAM | Atlassian Corporation | 30 | +7% | ↓8% | NEUTRAL |
| DOCU | DocuSign Inc. | 30 | +6% | ↓8% | NEUTRAL |
| TCS | Tata Consultancy Services Ltd | 30 | +11% | ↓8% | EARLY |
Investors who hold FTNT may also have indirect exposure through these country funds.
Fortinet Q1 billings beat on firewall refresh cycle resumption
OT security ARR crosses $300M with industrial customers
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Alan Armstrong | Buy | $1k–$15k | Mar 27, 26 | ||
| Dan NewhouseWA | Sell | $1k–$15k | Jul 10, 26 | ||
| Gilbert CisnerosCA | D | Buy | $1k–$15k | Apr 14, 26 | +21.0% |
| Gilbert CisnerosCA | D | Buy | $1k–$15k | Mar 13, 26 | +64.8% |