[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-fortinet-posted-40-sase-billings-growth-in-q4-does-the-math-support-streets-120-high-target-EN":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":259,"relatedPosts":265,"suggestedPosts":345},{"id":224,"title":225,"date":226,"modified":227,"excerpt":228,"content":229,"wordCount":230,"lang":231,"uri":232,"slug":233,"cloudinaryAssetId":234,"featuredImageOriginalUrl":235,"featuredImageMetadata":236,"author":239,"editor":245,"categories":250,"relatedPosts":256,"seo":257},102066,"Fortinet Posted 40% SASE Billings Growth in Q4: Does the Math Support  Street’s $120 High Target?","2026-04-20T14:50:00","2026-04-19T04:26:01","\u003Cp>40% SASE billings growth. A May 6 earnings call. And a forward multiple near a decade low. Worth a closer look?\u003C\u002Fp>\n","\n\u003Ch3 class=\"wp-block-heading\" id=\"h-key-stats-for-fortinet-stock\">Key Stats for Fortinet Stock\u003C\u002Fh3>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>52-Week Range: \u003C\u002Fstrong>$70 to $109\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>Current Price: \u003C\u002Fstrong>$82\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>Street Mean Target: \u003C\u002Fstrong>$89\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>Street High Target:\u003C\u002Fstrong> $120\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>TIKR Model Target \u003Cem>(Dec. 2030)\u003C\u002Fem>:\u003C\u002Fstrong> $125\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>Most investors never know if a stock is truly undervalued or overpriced. TIKR’s professional-grade valuation tools give you a clear, data-backed answer across 60,000+ stocks for free →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"h-what-happened\">\u003Cstrong>What Happened?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp>Fortinet, Inc. (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=2689126&tid=79720572&ref=q2enxr\">FTNT\u003C\u002Fa>) is a global cybersecurity platform company that delivered Q4 2025 billings growth of 18% and revenue growth of 15%, and Fortinet stock now trades at $81.84, nearly 25% below its 52-week high of $109.33.\u003C\u002Fp>\n\n\n\n\u003Cp>The quarter’s sharpest signal came from Unified SASE billings, which grew 40% year over year, making Fortinet one of the fastest-growing SASE providers at scale in the $79 billion unified SASE total addressable market.\u003C\u002Fp>\n\n\n\n\u003Cp>That 40% SASE billings growth came with product revenue acceleration of 20%, a figure that matters because Fortinet’s 16-year track record shows product revenue growth is the primary leading indicator of service revenue growth in subsequent quarters.\u003C\u002Fp>\n\n\n\n\u003Cp>Christiane Ohlgart, CFO, stated on the \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Ftranscript?cid=2689126&tid=79720572&e=1976543948&ts=3647230&ref=q2enxr\">Q4 2025 earnings call \u003C\u002Fa>that “our strong performance reflects solid global execution and broad-based demand for our solutions, with product revenue growth accelerating in the second half of the year,” anchoring management confidence in the 2026 full-year revenue guidance of $7.5 billion to $7.7 billion.\u003C\u002Fp>\n\n\n\n\u003Cp>Fortinet reaffirmed its midterm targets at the \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Ftranscript?cid=2689126&tid=79720572&e=1989146597&ts=3678814&ref=q2enxr\">Accelerate 2026 event\u003C\u002Fa>, pointing to billings and revenue \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fcompound-annual-growth-rate-cagr-formula-what-it-means\">CAGR \u003C\u002Fa>above 12%, a seventh consecutive year achieving the Rule of 45 (the sum of revenue growth and non-GAAP operating margin), and a $9 billion capital return to shareholders since the company’s IPO.\u003C\u002Fp>\n\n\n\n\u003Cp>A memory chip shortage affecting hardware costs represents a near-term input pressure, but Fortinet has maintained roughly six months of inventory and began implementing product-specific price increases of 5% to 20% in March, using a supply chain playbook that produced outsized market share gains during the 2021 COVID-era component crunch.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>See the exact moment Wall Street upgrades a stock before the rest of the market piles in — track analyst rating changes in real time with TIKR for free →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"h-wall-street-s-take-on-ftnt-stock\">\u003Cstrong>Wall Street’s Take on FTNT Stock\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp>The product revenue acceleration in Q4, combined with 40% Unified SASE billings growth, shifts the forward earnings trajectory for Fortinet stock from a deceleration narrative to a re-acceleration story tied to three structurally expanding markets.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-large\">\u003Cimg width=\"1024\" height=\"680\" data-public-id=\"images\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_680,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA\" alt=\"fortinet stock eps & revenue estimates\" class=\"wp-post-102066 wp-image-102070\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1776571706\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_680,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 1024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_199,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 300w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_768,h_510,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 768w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_797,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_930,c_scale\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1776571706\u002Fimages\u002Fimage-537_1020702b876\u002Fimage-537_1020702b876.png?_i=AA 1494w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">FTNT Stock EPS & Revenue Estimates \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Festimates?cid=2689126&tid=79720572&tab=est&ref=q2enxr\">(TIKR)\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp>Fortinet’s normalized EPS reached $2.76 in FY2025, up ~17%, and consensus estimates project around $3 per share for FY2026, supported by the $7.6 billion in billings generated last year and the 21% \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-annual-recurring-revenue-arr-a-guide-for-saas-stock-investors\">ARR growth \u003C\u002Fa>in SecOps that continues to compound the recurring revenue base.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-large\">\u003Cimg width=\"1024\" height=\"660\" data-public-id=\"images\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_660,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA\" alt=\"fortinet stock street analysts target\" class=\"wp-post-102066 wp-image-102071\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1776571750\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_660,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 1024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_193,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 300w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_768,h_495,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 768w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_774,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_903,c_scale\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1776571750\u002Fimages\u002Fimage-538_1020710f72f\u002Fimage-538_1020710f72f.png?_i=AA 1464w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Street Analysts Target for FTNT Stock \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=21127&tid=2621295&ref=tikrblog\">(TIKR\u003C\u002Fa>\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp>Nine analysts rate FTNT a buy or outperform against 29 holds, with a mean price target of $89 and a street high of $120; Wall Street’s consensus posture reflects hesitation on whether Unified SASE growth can offset decelerating secure networking billings expansion, a question the Q4 40% result has now started to answer.\u003C\u002Fp>\n\n\n\n\u003Cp>The analyst target spread from $64 to $120 captures that exact debate: the low end prices in a reversion to single-digit billings growth as SASE competition intensifies, while the $120 target assumes Fortinet’s sovereign SASE differentiation sustains share gains and the product cycle extends through 2027.\u003C\u002Fp>\n\n\n\n\u003Cp>Trading at roughly 27x forward earnings versus a historical average closer to 38x, while projecting around 9% EPS CAGR and free cash flow of around $2.5 billion in FY2026, Fortinet stock appears undervalued relative to a business whose three core markets collectively represent over $300 billion in total addressable market and where the company holds less than 20% share in each.\u003C\u002Fp>\n\n\n\n\u003Cp>Scotiabank’s warning that Fortinet is “near-term nervous” and may be less well-placed to capture new cybersecurity spending areas represents the key reframing risk the Street is watching.\u003C\u002Fp>\n\n\n\n\u003Cp>Memory cost inflation that compresses the 80%+ gross margin profile would break the Rule of 45 commitment and force a guidance reset.\u003C\u002Fp>\n\n\n\n\u003Cp>The Q1 2026 earnings call on May 6 is the first data point that will confirm whether the Unified SASE 40% billings growth was a one-quarter inflection or the start of a durable acceleration; watch the billings guidance versus consensus and any commentary on SASE win rates against Palo Alto and Zscaler.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"h-fortinet-stock-f-inancials\">Fortinet Stock \u003Cstrong>F\u003C\u002Fstrong>inancials\u003C\u002Fh2>\n\n\n\n\u003Cp>Fortinet generated $6.8 billion in revenue for FY2025, up ~14% year over year, maintaining a steady multi-year compounding trajectory from $3.34 billion in FY2021 at a four-year CAGR above 19%.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-large\">\u003Cimg width=\"1024\" height=\"676\" data-public-id=\"images\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_676,c_scale\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA\" alt=\"fortinet stock financials\" class=\"wp-post-102066 wp-image-102069\" data-crop=\"1.51\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1776571622\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_676,c_scale\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA 1024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_198,c_scale\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA 300w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_768,h_507,c_scale\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA 768w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_792,c_scale\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1776571622\u002Fimages\u002Fimage-536_102069dd2fc\u002Fimage-536_102069dd2fc.png?_i=AA 1264w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">FTNT Stock Financials \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Ffinancials?cid=2689126&tid=79720572&tab=is&ref=q2enxr\">(TIKR)\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp>Operating income reached $2.07 billion in FY2025, reflecting an operating margin of around 31%, a 40-year high watermark for the company and the sixth consecutive year of Rule of 45 achievement driven by disciplined cost management alongside accelerating product revenue.\u003C\u002Fp>\n\n\n\n\u003Cp>Gross margins held at ~81% in FY2025 despite a 20% product revenue quarter in Q4, where hardware mix typically pressures gross margin; the stability signals that service revenue’s contribution at 67% of total revenue is providing a durable margin floor even as hardware accelerates.\u003C\u002Fp>\n\n\n\n\u003Cp>Total operating expenses reached $3.40 billion in FY2025, but operating leverage remains intact: operating expenses grew 13% versus revenue growth of 14%, meaning the incremental revenue dollar continues to flow through at a higher margin than the existing base.\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"h-what-does-the-valuation-model-say\">\u003Cstrong>What Does the Valuation Model Say?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp>TIKR’s mid-case model projects a target price of around $125 for Fortinet by the end of 2030, built on a revenue CAGR assumption of around 11% and a net income margin of around 30%, both grounded in the company’s reaffirmed midterm targets and the recurring revenue flywheel now driving 67% of total revenue from services.\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-large\">\u003Cimg width=\"1024\" height=\"832\" data-public-id=\"images\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_832,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA\" alt=\"fortinet stock valuation model results\" class=\"wp-post-102066 wp-image-102068\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1776571443\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1024,h_832,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 1024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_244,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 300w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_768,h_624,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 768w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1536,h_1248,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 1536w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_2048,h_1663,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 2048w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_975,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_1137,c_scale\u002Ff_webp,q_auto\u002Fv1776571443\u002Fimages\u002FFTNT_valuation_model-2\u002FFTNT_valuation_model-2.webp?_i=AA 1400w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">FTNT Stock Valuation Model Results \u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=21127&tid=2621295&ref=tikrblog\">\u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp>With around $126 in mid-case fair value against today’s $81.84 share price, representing around 53% total upside and a roughly 10% annualized return, Fortinet stock is \u003Cstrong>undervalued\u003C\u002Fstrong> for patient investors who believe the Unified SASE acceleration is structural rather than cyclical.\u003C\u002Fp>\n\n\n\n\u003Cp>The investment hinges on one question: whether Fortinet’s three-in-one FortiOS advantage (network security, SD-WAN, and SASE on a single operating system) translates into sustained SASE share gains or whether Palo Alto and Zscaler close the feature gap and slow FTNT’s momentum in the segment where all near-term re-rating potential lives.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Cstrong>The Opportunity\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Unified SASE billings grew 40% in Q4 2025, more than double the market growth rate, with ARR for FortiSASE up over 90% year over year, establishing a high-velocity installed base\u003C\u002Fli>\n\n\n\n\u003Cli>Sovereign SASE represents a market opportunity Ken Xie estimates could be equal to or larger than the public cloud SASE market, where Fortinet has no major competitor offering an equivalent solution\u003C\u002Fli>\n\n\n\n\u003Cli>Product revenue at 20% growth in Q4 2025 serves as a historical leading indicator for service revenue acceleration; management guided for service revenue growth to pick up in H2 2026 directly tied to this data point\u003C\u002Fli>\n\n\n\n\u003Cli>Fortinet has returned $9 billion since its IPO through buybacks and has $1.3 billion of remaining authorization at current prices, providing per-share earnings support that has already increased EPS roughly 40% since the IPO\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp>\u003Cstrong>The Risk\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Memory cost inflation is real and active: Fortinet implemented price increases of 5% to 20% in March, and if customer pushback on higher hardware prices slows deal conversion, product revenue momentum stalls before the service revenue inflection materializes\u003C\u002Fli>\n\n\n\n\u003Cli>Scotiabank’s cycle analysis suggests the current billings upcycle is roughly five of six quarters through, raising the risk that Q1 2026 billings disappoint and the multiple compresses further from the current 27x forward earnings\u003C\u002Fli>\n\n\n\n\u003Cli>SecOps billings grew only 6% in Q4 2025 on a quarterly basis despite 22% full-year growth, signaling potential volatility in the third pillar that could dampen blended billings growth expectations if SASE momentum normalizes at the same time\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>Wall Street’s best ideas don’t stay hidden for long. Catch analyst upgrades, earnings beats, and revenue surprises on thousands of stocks the moment they happen with TIKR for free →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\" id=\"h-should-you-invest-in-fortinet-inc\">\u003Cstrong>Should You Invest in Fortinet, Inc.?\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp>The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.\u003C\u002Fp>\n\n\n\n\u003Cp>Pull up FTNT stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.\u003C\u002Fp>\n\n\n\n\u003Cp>You can build a free watchlist to track Fortinet, Inc. alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.\u003C\u002Fp>\n\n\n\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">\u003Cstrong>\u003Cem>Access Professional Tools to Analyze FTNT stock on TIKR for Free →\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n",1424,"en","\u002Fblog\u002Ffortinet-posted-40-sase-billings-growth-in-q4-does-the-math-support-streets-120-high-target","fortinet-posted-40-sase-billings-growth-in-q4-does-the-math-support-streets-120-high-target","images\u002FFEATURED-IMAGE-MAKER-348_1020720a610\u002FFEATURED-IMAGE-MAKER-348_1020720a610","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776572090\u002Fimages\u002FFEATURED-IMAGE-MAKER-348_1020720a610\u002FFEATURED-IMAGE-MAKER-348_1020720a610.png?_i=AA",{"altText":237,"imageCredit":238},"Fortinet Posted 40% SASE Billings Growth in Q4: Does the Math Support  Street’s $120 High Target?","TIKR",{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":244},"Gian Estrada","giantikr","author","",[],{"name":246,"slug":247,"role":248,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":249},"David Hanson","davidtikr","editor",[],[251],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},"Stock Reviews","reviews","\u002Fblog\u002Fcategory\u002Freviews",0,[],{"title":237,"metaDesc":258,"opengraphDescription":258,"twitterTitle":237,"twitterDescription":258},"40% SASE billings growth. A May 6 earnings call. And a forward multiple near a decade low. Worth a closer look?",{"title":225,"description":258,"twitterTitle":225,"twitterDescription":258,"author":240,"articlePublisher":260,"articlePublishedTime":226,"articleModifiedTime":227,"twitterLabel1":261,"twitterData1":262,"ogTitle":225,"ogDescription":258,"ogUrl":232,"ogImage":235,"ogImageWidth":263,"ogImageHeight":264,"ogImageSecureUrl":235,"ogImageAlt":237,"twitterImage":235},"TIKR.com","Est. reading time","9 minutes",1200,630,[266,281,298,313,328],{"id":255,"title":267,"date":268,"excerpt":269,"wordCount":270,"uri":271,"slug":272,"cloudinaryAssetId":273,"featuredImageOriginalUrl":274,"featuredImageMetadata":275,"author":276,"categories":278,"relatedPosts":280},"Why American Tower Stock is Currently Trading at a Discount With No Sells on Wall Street","2026-04-20 12:20:00","American Tower derisked DISH entirely from its 2026 guidance. April 28 reveals whether CoreSite's AI leasing surge shows up in Q1 numbers. ",1425,"\u002Fblog\u002Fwhy-american-tower-stock-is-currently-trading-at-a-discount-with-no-sells-on-wall-street","why-american-tower-stock-is-currently-trading-at-a-discount-with-no-sells-on-wall-street","images\u002FFEATURED-IMAGE-MAKER-337_101967f2740\u002FFEATURED-IMAGE-MAKER-337_101967f2740","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776482738\u002Fimages\u002FFEATURED-IMAGE-MAKER-337_101967f2740\u002FFEATURED-IMAGE-MAKER-337_101967f2740.png?_i=AA",{"altText":267},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":277},[],[279],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":282,"date":283,"excerpt":284,"wordCount":285,"uri":286,"slug":287,"cloudinaryAssetId":288,"featuredImageOriginalUrl":289,"featuredImageMetadata":290,"author":291,"categories":295,"relatedPosts":297},"Common Size Financial Statements: How to Compare Companies of Any Size","2026-04-19 15:56:58","The most useful financial comparisons aren't about which company is bigger, they're about which one is better structured, and common size statements are how you find out.",1537,"\u002Fblog\u002Fcommon-size-financial-statements-how-to-compare-companies-of-any-size","common-size-financial-statements-how-to-compare-companies-of-any-size","images\u002FCommon-Size-Featured-\u002FCommon-Size-Featured-","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776527781\u002Fimages\u002FCommon-Size-Featured-\u002FCommon-Size-Featured-.png?_i=AA",{"altText":282},{"name":292,"slug":293,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":294},"David Beren","davidberentikr",[],[296],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":299,"date":300,"excerpt":301,"wordCount":302,"uri":303,"slug":304,"cloudinaryAssetId":305,"featuredImageOriginalUrl":306,"featuredImageMetadata":307,"author":308,"categories":310,"relatedPosts":312},"7 Limitations of Financial Statements Every Stock Investor Should Know","2026-04-19 14:29:43","Financial statements are the foundation of fundamental analysis, but the investors who use them best are the ones who understand exactly where they fall short.",1808,"\u002Fblog\u002F7-limitations-of-financial-statements-every-stock-investor-should-know","7-limitations-of-financial-statements-every-stock-investor-should-know","images\u002FFinancial-Statement-Featured-1\u002FFinancial-Statement-Featured-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776523492\u002Fimages\u002FFinancial-Statement-Featured-1\u002FFinancial-Statement-Featured-1.png?_i=AA",{"altText":299},{"name":292,"slug":293,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":309},[],[311],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":314,"date":315,"excerpt":316,"wordCount":317,"uri":318,"slug":319,"cloudinaryAssetId":320,"featuredImageOriginalUrl":321,"featuredImageMetadata":322,"author":323,"categories":325,"relatedPosts":327},"Classified Balance Sheet Explained: How to Read a Company's Assets, Liabilities, and Equity","2026-04-19 12:56:00","Most investors focus on the income statement, but the balance sheet reflects a business's actual financial health.",1543,"\u002Fblog\u002Fclassified-balance-sheet-explained-how-to-read-a-companys-assets-liabilities-and-equity","classified-balance-sheet-explained-how-to-read-a-companys-assets-liabilities-and-equity","images\u002FBalance-Sheet-Featured_102018b85aa\u002FBalance-Sheet-Featured_102018b85aa","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776519936\u002Fimages\u002FBalance-Sheet-Featured_102018b85aa\u002FBalance-Sheet-Featured_102018b85aa.png?_i=AA",{"altText":314},{"name":292,"slug":293,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":324},[],[326],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],{"id":255,"title":329,"date":330,"excerpt":331,"wordCount":332,"uri":333,"slug":334,"cloudinaryAssetId":335,"featuredImageOriginalUrl":336,"featuredImageMetadata":337,"author":338,"categories":342,"relatedPosts":344},"Clear Secure Rose 15% This Week. Here’s Where the Stock Could Go in 2026","2026-04-18 22:35:00","Clear Secure stock surged about 15% this week, and our analysis suggests the stock could deliver solid upside into 2026. Here’s why expanding identity platform adoption and strong margin leverage continue to support the setup.",662,"\u002Fblog\u002Fclear-secure-rose-15-this-week-heres-where-the-stock-could-go-in-2026","clear-secure-rose-15-this-week-heres-where-the-stock-could-go-in-2026","images\u002F@Delia-Pindarus-Images-via-Canva-2\u002F@Delia-Pindarus-Images-via-Canva-2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776550712\u002Fimages\u002F@Delia-Pindarus-Images-via-Canva-2\u002F@Delia-Pindarus-Images-via-Canva-2.png?_i=AA",{"altText":329},{"name":339,"slug":340,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":341},"Nikko Henson","nikkotikr",[],[343],{"name":252,"slug":253,"uri":254,"description":243,"postsCount":255},[],[346,366,380,396,411,426,443,457,472,487,502,518,533],{"id":255,"title":347,"date":348,"excerpt":349,"wordCount":350,"uri":351,"slug":352,"cloudinaryAssetId":353,"featuredImageOriginalUrl":354,"featuredImageMetadata":355,"author":356,"categories":360,"relatedPosts":365},"TopBuild Stock Soars 19% After QXO Announces $17 Billion Acquisition","2026-04-20 14:10:00","TopBuild stock surges after QXO announces a $17 billion acquisition, creating North America's second largest publicly traded building products distributor.",685,"\u002Fblog\u002Ftopbuild-nyse-19-stock-soar-after-qxo-announces-17-billion-acquisition","topbuild-nyse-19-stock-soar-after-qxo-announces-17-billion-acquisition","images\u002FBLD-stock\u002FBLD-stock","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776692893\u002Fimages\u002FBLD-stock\u002FBLD-stock.png?_i=AA",{"altText":347},{"name":357,"slug":358,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":359},"Aditya Raghunath","adityatikr",[],[361],{"name":362,"slug":363,"uri":364,"description":243,"postsCount":255},"General Investing","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",[],{"id":255,"title":367,"date":368,"excerpt":243,"wordCount":369,"uri":370,"slug":371,"cloudinaryAssetId":372,"featuredImageOriginalUrl":373,"featuredImageMetadata":374,"author":375,"categories":377,"relatedPosts":379},"TJX Stock Crosses $60 Billion in Sales: Does the Street High Target of $193 Hold Up?","2026-04-20 14:00:00",1147,"\u002Fblog\u002Ftjx-stock-crosses-60-billion-in-sales-does-the-street-high-target-of-193-hold-up","tjx-stock-crosses-60-billion-in-sales-does-the-street-high-target-of-193-hold-up","images\u002FFEATURED-IMAGE-MAKER-339-1\u002FFEATURED-IMAGE-MAKER-339-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776492418\u002Fimages\u002FFEATURED-IMAGE-MAKER-339-1\u002FFEATURED-IMAGE-MAKER-339-1.png?_i=AA",{"altText":367},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":376},[],[378],{"name":362,"slug":363,"uri":364,"description":243,"postsCount":255},[],{"id":255,"title":381,"date":368,"excerpt":382,"wordCount":383,"uri":384,"slug":385,"cloudinaryAssetId":386,"featuredImageOriginalUrl":387,"featuredImageMetadata":388,"author":389,"categories":393,"relatedPosts":395},"KeyCorp Beat Q1 2026 Earnings Estimates. What a $25 Street Target Means for Investors","KeyCorp just posted its strongest Q1 in years, raised guidance, and is buying back stock at a record pace. The market barely moved. That disconnect is exactly what investors are focused on right now.",1115,"\u002Fblog\u002Fkeycorp-beat-q1-2026-earnings-estimates-what-a-25-street-target-means-for-investors","keycorp-beat-q1-2026-earnings-estimates-what-a-25-street-target-means-for-investors","images\u002F7-3_102164f96c3\u002F7-3_102164f96c3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776644006\u002Fimages\u002F7-3_102164f96c3\u002F7-3_102164f96c3.png?_i=AA",{"altText":381},{"name":390,"slug":391,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":392},"Wiltone Asuncion","wiltonetikr",[],[394],{"name":362,"slug":363,"uri":364,"description":243,"postsCount":255},[],{"id":255,"title":397,"date":398,"excerpt":399,"wordCount":400,"uri":401,"slug":402,"cloudinaryAssetId":403,"featuredImageOriginalUrl":404,"featuredImageMetadata":405,"author":406,"categories":408,"relatedPosts":410},"Travelers Companies Had a Record Q1 2026. Here's Why the Stock May Have More Room to Run","2026-04-20 13:50:00","Travelers Companies just posted its seventh consecutive quarter of $1 billion-plus in after-tax underwriting income, beat earnings estimates, and raised its dividend 14%. Yet TRV barely moved. The TIKR model suggests the Street may be underestimating this franchise.",1220,"\u002Fblog\u002Ftravelers-companies-had-a-record-q1-2026-heres-why-the-stock-may-have-more-room-to-run","travelers-companies-had-a-record-q1-2026-heres-why-the-stock-may-have-more-room-to-run","images\u002F6-3_10216345f5c\u002F6-3_10216345f5c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776643996\u002Fimages\u002F6-3_10216345f5c\u002F6-3_10216345f5c.png?_i=AA",{"altText":397},{"name":390,"slug":391,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":407},[],[409],{"name":362,"slug":363,"uri":364,"description":243,"postsCount":255},[],{"id":255,"title":412,"date":413,"excerpt":414,"wordCount":415,"uri":416,"slug":417,"cloudinaryAssetId":418,"featuredImageOriginalUrl":419,"featuredImageMetadata":420,"author":421,"categories":423,"relatedPosts":425},"U.S. Bancorp Stock Beats Q1 Earnings: What the Amazon Deal Means for Investors","2026-04-20 13:40:00","U.S. Bancorp rose 2.6% after its Q1 2026 earnings beat, but the stock still trades below its 52-week high. With the Amazon card partnership converting in Q3 and BTIG closing imminently, the question is whether the market is underpricing what USB is building. ",1192,"\u002Fblog\u002Fu-s-bancorp-stock-beats-q1-earnings-what-the-amazon-deal-means-for-investors","u-s-bancorp-stock-beats-q1-earnings-what-the-amazon-deal-means-for-investors","images\u002F5-3_102162bc966\u002F5-3_102162bc966","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776643988\u002Fimages\u002F5-3_102162bc966\u002F5-3_102162bc966.png?_i=AA",{"altText":412},{"name":390,"slug":391,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":422},[],[424],{"name":362,"slug":363,"uri":364,"description":243,"postsCount":255},[],{"id":255,"title":427,"date":413,"excerpt":428,"wordCount":429,"uri":430,"slug":431,"cloudinaryAssetId":432,"featuredImageOriginalUrl":433,"featuredImageMetadata":434,"author":435,"categories":437,"relatedPosts":442},"Freshworks Stock Posts First GAAP Profitable Year as EX Crosses $500M ARR","Freshworks turned GAAP profitable for the first time ever in 2025. The question is whether the stock has priced any of it in.",1347,"\u002Fblog\u002Ffreshworks-stock-posts-first-gaap-profitable-year-as-ex-crosses-500m-arr","freshworks-stock-posts-first-gaap-profitable-year-as-ex-crosses-500m-arr","images\u002FFEATURED-IMAGE-MAKER-346_1020584a937\u002FFEATURED-IMAGE-MAKER-346_1020584a937","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776562015\u002Fimages\u002FFEATURED-IMAGE-MAKER-346_1020584a937\u002FFEATURED-IMAGE-MAKER-346_1020584a937.png?_i=AA",{"altText":427},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":436},[],[438],{"name":439,"slug":440,"uri":441,"description":243,"postsCount":255},"Earnings Updates","earnings-updates","\u002Fblog\u002Fcategory\u002Fearnings-updates",[],{"id":255,"title":444,"date":268,"excerpt":445,"wordCount":446,"uri":447,"slug":448,"cloudinaryAssetId":449,"featuredImageOriginalUrl":450,"featuredImageMetadata":451,"author":452,"categories":454,"relatedPosts":456},"Travelers Companies Stock Posts Record Business Insurance Quarter as Core Income Hits $1.7 Billion","Travelers posted $7.71 in core EPS and record Business Insurance income. The question now is whether pricing holds as margins peak.",1289,"\u002Fblog\u002Ftravelers-companies-stock-posts-record-business-insurance-quarter-as-core-income-hits-1-7-billion","travelers-companies-stock-posts-record-business-insurance-quarter-as-core-income-hits-1-7-billion","images\u002FFEATURED-IMAGE-MAKER-353_102152c9246\u002FFEATURED-IMAGE-MAKER-353_102152c9246","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776600528\u002Fimages\u002FFEATURED-IMAGE-MAKER-353_102152c9246\u002FFEATURED-IMAGE-MAKER-353_102152c9246.png?_i=AA",{"altText":444},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":453},[],[455],{"name":439,"slug":440,"uri":441,"description":243,"postsCount":255},[],{"id":255,"title":458,"date":459,"excerpt":460,"wordCount":461,"uri":462,"slug":463,"cloudinaryAssetId":464,"featuredImageOriginalUrl":465,"featuredImageMetadata":466,"author":467,"categories":469,"relatedPosts":471},"Is Garmin Stock a Buy After Its Best Year on Record?","2026-04-20 12:15:00","Garmin closed 2025 with records across every segment. The valuation model says the market still hasn't noticed.",1064,"\u002Fblog\u002Fis-garmin-stock-a-buy-after-its-best-year-on-record","is-garmin-stock-a-buy-after-its-best-year-on-record","images\u002FFEATURED-IMAGE-MAKER-340_10198650fe3\u002FFEATURED-IMAGE-MAKER-340_10198650fe3","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776494294\u002Fimages\u002FFEATURED-IMAGE-MAKER-340_10198650fe3\u002FFEATURED-IMAGE-MAKER-340_10198650fe3.png?_i=AA",{"altText":458},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":468},[],[470],{"name":439,"slug":440,"uri":441,"description":243,"postsCount":255},[],{"id":255,"title":473,"date":474,"excerpt":475,"wordCount":476,"uri":477,"slug":478,"cloudinaryAssetId":479,"featuredImageOriginalUrl":480,"featuredImageMetadata":481,"author":482,"categories":484,"relatedPosts":486},"Ally Financial Stock Gains 8% As Earnings Beat Offsets Revenue Miss","2026-04-20 09:45:00","Ally Financial stock jumps 5% after Q1 EPS of $1.11 crushed estimates, with record auto applications and improving credit quality driving investor confidence.",687,"\u002Fblog\u002Fally-financial-nyse-stock-gains-8-as-earnings-beat-offsets-revenue-miss","ally-financial-nyse-stock-gains-8-as-earnings-beat-offsets-revenue-miss","images\u002FALLY-stock_102239a86f5\u002FALLY-stock_102239a86f5","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776671749\u002Fimages\u002FALLY-stock_102239a86f5\u002FALLY-stock_102239a86f5.png?_i=AA",{"altText":473},{"name":357,"slug":358,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":483},[],[485],{"name":439,"slug":440,"uri":441,"description":243,"postsCount":255},[],{"id":255,"title":488,"date":489,"excerpt":490,"wordCount":491,"uri":492,"slug":493,"cloudinaryAssetId":494,"featuredImageOriginalUrl":495,"featuredImageMetadata":496,"author":497,"categories":499,"relatedPosts":501},"Badger Meter Stock Falls 24% After Earnings Report Misses Analyst Expectation","2026-04-20 08:59:00","Badger Meter stock drops after Q1 EPS fell to $0.93 from $1.30 a year ago, as project timing gaps and weaker short-cycle orders weighed on revenue. ",691,"\u002Fblog\u002Fbadger-meter-nyse-bmi-stock-falls-24-after-earnings-report-misses-analyst-expectation","badger-meter-nyse-bmi-stock-falls-24-after-earnings-report-misses-analyst-expectation","images\u002FBMI-stock\u002FBMI-stock","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1776666017\u002Fimages\u002FBMI-stock\u002FBMI-stock.png?_i=AA",{"altText":488},{"name":357,"slug":358,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":498},[],[500],{"name":439,"slug":440,"uri":441,"description":243,"postsCount":255},[],{"id":255,"title":503,"date":504,"excerpt":505,"wordCount":506,"uri":507,"slug":508,"cloudinaryAssetId":509,"featuredImageOriginalUrl":510,"featuredImageMetadata":511,"author":512,"categories":514,"relatedPosts":517},"Amer Sports Stock Delivers 27% Revenue Growth as Salomon Crosses $2 Billion in Sales","2026-04-19 12:40:00","Amer Sports grew 27% in 2025 with three brand engines firing. The question is whether the margin investment in Salomon is temporary or structural.",1247,"\u002Fblog\u002Famer-sports-stock-delivers-27-revenue-growth-as-salomon-crosses-2-billion-in-sales","amer-sports-stock-delivers-27-revenue-growth-as-salomon-crosses-2-billion-in-sales","images\u002FFEATURED-IMAGE-MAKER-347_102065dfae9\u002FFEATURED-IMAGE-MAKER-347_102065dfae9","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776566743\u002Fimages\u002FFEATURED-IMAGE-MAKER-347_102065dfae9\u002FFEATURED-IMAGE-MAKER-347_102065dfae9.png?_i=AA",{"altText":503},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":513},[],[515],{"name":76,"slug":75,"uri":516,"description":243,"postsCount":255},"\u002Fblog\u002Fcategory\u002Ffundamental-analysis",[],{"id":255,"title":519,"date":520,"excerpt":521,"wordCount":522,"uri":523,"slug":524,"cloudinaryAssetId":525,"featuredImageOriginalUrl":526,"featuredImageMetadata":527,"author":528,"categories":530,"relatedPosts":532},"Helios Technologies Q4 2025: EPS Up 145%, Dividend Raised for the First Time Ever","2026-04-18 15:00:00","Helios Technologies returned to revenue growth for the first time in three years. Whether the momentum holds through 2026 is a harder question.",1307,"\u002Fblog\u002Fhelios-technologies-q4-2025-eps-up-145-dividend-raised-for-the-first-time-ever","helios-technologies-q4-2025-eps-up-145-dividend-raised-for-the-first-time-ever","images\u002FFEATURED-IMAGE-MAKER-341_101995d387e\u002FFEATURED-IMAGE-MAKER-341_101995d387e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776497160\u002Fimages\u002FFEATURED-IMAGE-MAKER-341_101995d387e\u002FFEATURED-IMAGE-MAKER-341_101995d387e.png?_i=AA",{"altText":519},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":529},[],[531],{"name":76,"slug":75,"uri":516,"description":243,"postsCount":255},[],{"id":255,"title":534,"date":535,"excerpt":536,"wordCount":537,"uri":538,"slug":539,"cloudinaryAssetId":540,"featuredImageOriginalUrl":541,"featuredImageMetadata":542,"author":543,"categories":545,"relatedPosts":547},"Amazon's P\u002FE Ratio: Current Levels, Historical Trends, and Outlook","2026-04-17 12:00:00","Amazon's 10-year average P\u002FE was 105x. Amazon stock now trades at 35x. The earnings era has arrived.",2693,"\u002Fblog\u002Famazon-pe-ratio","amazon-pe-ratio","images\u002FFEATURED-IMAGE-MAKER-327_10179767c52\u002FFEATURED-IMAGE-MAKER-327_10179767c52","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_360,c_scale\u002Ff_webp,q_auto\u002Fv1776394372\u002Fimages\u002FFEATURED-IMAGE-MAKER-327_10179767c52\u002FFEATURED-IMAGE-MAKER-327_10179767c52.png?_i=AA",{"altText":534},{"name":240,"slug":241,"role":242,"roleTitle":243,"biography":243,"avatar":243,"socialMediaLinks":544},[],[546],{"name":76,"slug":75,"uri":516,"description":243,"postsCount":255},[]]