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Why is FTNT stock moving?

Fortinet, Inc. · end-of-day data as of Oct 16, 2026

Fortinet, Inc.
FTNT · $124B
$169.13+11.0%last 60 sessions · close Oct 16, 2026
$75.23$194.7552 weeks
Hold · 45 analystsPT $158.33 -6.4%
  • P/E vs own+55.8%
  • P/E vs sector+78.3%
  • Target upside-6.4%
  • Off 52w high-13.2%
  • Insiders-$36.24M
  • FCF yield+2.5%
  • Earnings in12d
  • Trendbullish
  • Sector▲ +1.1%
  • RSI41
  • MA20×50—
  • Volume1.7x
  • Support-1.3%
  • Resistance—

The move, split

Fortinet, Inc. (FTNT) fell 7.0% on Oct 16, 2026.

The market (SPY) fell 1.1%; Technology stocks fell 3.2%. Most of the move is specific to FTNT.

Market (SPY)-1.1%
Technology sector-2.1%
FTNT specific-3.8%

3 stories on the day (30-day average 1.8).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News
  • Volume1.7x
  • Off 52w high-13.2%
  • Sector▲ +1.1%
  • Earnings in12d

Latest news

Sentiment classified by AI from the headline (green positive, red negative). Links open the publisher.