Fortinet Option Alert: Jan, 2027 $100 Calls at the Ask: 500 vs 6191 OI

Fortinet Option Alert: Jan, 2027 $100 Calls at the Ask: 500 @ $36.9 vs 6191 OI; Ref=$114.28

Fortinet Option Alert: Jan, 2027 $100 Calls Sweep (4) above Ask!: 250 vs 6191 OI

Fortinet Option Alert: Jan, 2027 $100 Calls Sweep (4) above Ask!: 250 @ $36.75 vs 6191 OI; Ref=$113.83

Fortinet Option Alert: Mar 21 $120 Puts at the Ask: 1080 vs 1064 OI

Fortinet Option Alert: Mar 21 $120 Puts at the Ask: 1080 @ $8.89 vs 1064 OI; Ref=$112.24

Fortinet Option Alert: Sep 19 $135 Puts at the Bid: 300 vs 0 OI

Fortinet Option Alert: Sep 19 $135 Puts at the Bid: 300 @ $25.6 vs 0 OI; Ref=$113.485

Fortinet (NASDAQ:FTNT) Azioni

FORTINET INC

Fortinet

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.

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L&#39;euforia nel settore tecnologico nasconde insidie? Un indicatore chiave segnala un possibile ribasso per queste azioni.

2 titoli del settore tecnologico che potrebbero crollare a febbraio

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Jim Cramer si dice deluso per aver scelto GE HealthCare come la peggiore delle tre azioni. Ecco che cosa è successo.

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WDAY

Shares of software companies are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs

AUID

Shares of software companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Fortinet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FTNT, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 17 options trades for Fortinet.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 64% bullish and 29%, bearish.</p>
<p>Out of all of the options we uncovered, 16 are puts, for a total amount of $1,146,741, and there was 1 call, for a total amount of $46,125.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $80.0 and $92.5 for Fortinet, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Fortinet's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Fortinet's substantial trades, within a strike price spectrum from $80.0 to $92.5 over the preceding 30 days.</p>
<h3>Fortinet Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743694484_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$8.8</td>
<td>$8.75</td>
<td>$8.75</td>
<td>$90.00</td>
<td>$182.8K</td>
<td>2.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$8.85</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$90.00</td>
<td>$116.1K</td>
<td>2.4K</td>
<td>944</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$9.2</td>
<td>$8.9</td>
<td>$8.9</td>
<td>$90.00</td>
<td>$110.3K</td>
<td>2.4K</td>
<td>66</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$9.2</td>
<td>$8.85</td>
<td>$8.9</td>
<td>$90.00</td>
<td>$103.7K</td>
<td>2.4K</td>
<td>307</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$9.9</td>
<td>$8.85</td>
<td>$8.85</td>
<td>$90.00</td>
<td>$87.6K</td>
<td>2.4K</td>
<td>553</td>
</tr>
</tbody>
</table>
</p>
<h3>About Fortinet</h3>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<p>Having examined the options trading patterns of Fortinet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Fortinet's Current Market Status</h3>
<ul>
<li>With a volume of 2,673,296, the price of FTNT is down -7.78% at $90.44. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 34 days.</li>
</ul>
<h3>What The Experts Say On Fortinet</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $112.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for Fortinet, targeting a price of $105.<br />
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Fortinet with a target price of $123.<br />
&#x2A; In a cautious move, an analyst from Stephens &amp; Co. downgraded its rating to Equal-Weight, setting a price target of $108. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Fortinet with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.</p>


Options

Decoding Fortinet's Options Activity: What's the Big Picture?

<p><strong>Fortinet Inc </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) could be the most exposed <a href="https://www.benzinga.com/topic/cybersecurity">security hardware vendor</a> to newly announced <a href="https://www.benzinga.com/news/global/25/04/44620889/trumps-liberation-day-tariffs-roil-markets-as-china-slams-typical-unilateral-bullying-asian-markets-plunge">U.S. tariffs</a>, with a potential 60-basis-point margin headwind due to its reliance on Taiwan-based manufacturing.</p>
<p>JPMorgan analyst <strong>Brian Essex</strong> warns that this exposure could significantly impact the company's margins.</p>
<h2 class="wp-block-heading">Fortinet's Taiwan Exposure Creates Headwinds</h2>
<p>According to Essex, Fortinet manufactures approximately 95% of its hardware in Taiwan, making it highly susceptible to tariffs imposed on the region. His calculations suggest that the company could face incremental tariff costs of roughly $40 million, translating to a 60bps impact on margins.</p>
<p>While Fortinet could mitigate some of this impact by raising prices or shifting manufacturing to other locations, the competitive landscape may shift in favor of domestic peers like <strong>Cisco Systems Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>).</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/insights/short-sellers/25/04/44614453/is-fortinet-gaining-or-losing-market-support">Is Fortinet Gaining or Losing Market Support?</a></strong></p>
<h2 class="wp-block-heading">Check Point, Palo Alto Networks Appear More Insulated</h2>
<p>Essex notes that <strong>Check Point Software Technologies Ltd </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) faces relatively negligible tariff exposure, as only 10% of its Bill of Materials (BOM) comes from China, and its U.S. revenue exposure is around 35%.</p>
<p><span style="box-sizing: border-box; margin: 0px; padding: 0px;">Meanwhile,<strong> Palo Alto Networks </strong></span><strong><span style="box-sizing: border-box; margin: 0px; padding: 0px;">In</span>c</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) has proactively addressed tariff risks by shifting contract manufacturing to Texas and reducing its reliance on Chinese components.</p>
<p>As a result, Essex sees the tariff impact on Palo Alto's margins as minimal.</p>
<h2 class="wp-block-heading">Investor Concerns, Competitive Implications</h2>
<p>Essex highlights that investors have been closely watching Fortinet's exposure to Taiwan and other regions, such as Canada and Mexico.</p>
<p>However, these countries are not currently subject to the latest tariffs, which provides some relief. Still, the competitive implications remain, as companies with less exposure to affected regions may gain an advantage.</p>
<h2 class="wp-block-heading">Uncertain Path Forward</h2>
<p>While the full impact of the tariffs is yet to be determined, Essex stresses that Fortinet's exposure is notably higher than that of its peers. He cautions that further supply chain adjustments or price increases may be necessary to offset these pressures, making the coming quarters critical for investors tracking the stock.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44501515/cybersecurity-stocks-to-outperform-its-the-one-line-item-that-no-company-in-the-world-is-cutting-josh-brown">Cybersecurity Stocks To Outperform, It&#8217;s The &#8216;One Line Item That No Company In The World Is Cutting&#8217;: Josh Brown</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Analyst Color

Analyst Ratings

Tech

CHKP

CSCO

Fortinet Faces Tariff Turbulence - Analyst Flags Margin Risk

<p><strong>Fortinet's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NYSE">FTNT</a>) short percent of float has risen 6.36% since its last report. The company recently reported that it has <strong>19.14 million shares sold short</strong>, which is 3.01% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.85 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>List of the most shorted stocks</strong></a></p>
<h3>Fortinet Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743623121_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Fortinet has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Fortinet's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Fortinet's peer group average for short interest as a percentage of float is 5.63%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Is Fortinet Gaining or Losing Market Support?

<p>Stephens &amp; Co.  analyst Todd Weller    initiates coverage on Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Equal-Weight rating and announces Price Target of $108.</p>


Price Target

Initiation

Stephens & Co. Initiates Coverage On Fortinet with Equal-Weight Rating, Announces Price Target of $108

<p>Jefferies  analyst Joseph Gallo   maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Hold and lowers the price target from $115 to $105.</p>


Jefferies Maintains Hold on Fortinet, Lowers Price Target to $105

<p>High-rolling investors have positioned themselves bearish on Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FTNT often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for Fortinet. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 25% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $39,000, and 7 calls, totaling $274,282.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $110.0 for Fortinet during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Fortinet's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Fortinet's whale activity within a strike price range from $50.0 to $110.0 in the last 30 days. </p>
<h3>Fortinet Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1743021948_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.5</td>
<td>$5.3</td>
<td>$5.42</td>
<td>$105.00</td>
<td>$66.9K</td>
<td>533</td>
<td align="right">151</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.5</td>
<td>$1.49</td>
<td>$1.5</td>
<td>$105.00</td>
<td>$44.7K</td>
<td>1.7K</td>
<td align="right">199</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$4.2</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$100.00</td>
<td>$40.5K</td>
<td>1.4K</td>
<td align="right">5</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.1</td>
<td>$15.0</td>
<td>$15.0</td>
<td>$110.00</td>
<td>$39.0K</td>
<td>963</td>
<td align="right">26</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$16.95</td>
<td>$16.85</td>
<td>$16.9</td>
<td>$85.00</td>
<td>$33.8K</td>
<td>0</td>
<td align="right">20</td>
</tr>
</tbody>
</table>
</p>
<h3>About Fortinet</h3>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<p>Having examined the options trading patterns of Fortinet, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Fortinet's Current Market Status</h3>
<ul>
<li>With a volume of 2,996,808, the price of FTNT is down -1.06% at $101.01. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 36 days.</li>
</ul>
<h3>What Analysts Are Saying About Fortinet</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $123.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Fortinet, targeting a price of $123. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Fortinet with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.</p>


A Closer Look at Fortinet's Options Market Dynamics

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Fortinet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FTNT, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Fortinet.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 12% bullish and 75%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $69,400, and 6 are calls, for a total amount of $265,100.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $100.0 for Fortinet over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Fortinet's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Fortinet's whale trades within a strike price range from $70.0 to $100.0 in the last 30 days. </p>
<h3>Fortinet Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1742499102_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$5.85</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$95.00</td>
<td>$86.4K</td>
<td>366</td>
<td align="right">160</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.2</td>
<td>$8.1</td>
<td>$8.2</td>
<td>$100.00</td>
<td>$54.9K</td>
<td>1.9K</td>
<td align="right">38</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.5</td>
<td>$15.7</td>
<td>$15.7</td>
<td>$100.00</td>
<td>$39.2K</td>
<td>804</td>
<td align="right">50</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$3.0</td>
<td>$2.99</td>
<td>$3.0</td>
<td>$97.50</td>
<td>$36.9K</td>
<td>458</td>
<td align="right">123</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$8.15</td>
<td>$4.95</td>
<td>$6.5</td>
<td>$70.00</td>
<td>$32.5K</td>
<td>108</td>
<td align="right">50</td>
</tr>
</tbody>
</table>
</p>
<h3>About Fortinet</h3>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<p>In light of the recent options history for Fortinet, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Fortinet</h3>
<ul>
<li>Trading volume stands at 2,305,677, with FTNT's price down by -1.06%, positioned at $97.13.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
<h3>Expert Opinions on Fortinet</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $123.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Fortinet with a target price of $123. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Fortinet, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Fortinet's Options Frenzy: What You Need to Know

<p>19 analysts have expressed a variety of opinions on Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th align="right"><strong>Bullish</strong></th>
<th align="right"><strong>Somewhat Bullish</strong></th>
<th align="right"><strong>Indifferent</strong></th>
<th align="right"><strong>Somewhat Bearish</strong></th>
<th align="right"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td align="right">4</td>
<td align="right">6</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">8</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $116.58, a high estimate of $135.00, and a low estimate of $101.00. Witnessing a positive shift, the current average has risen by 12.4% from the previous average price target of $103.72.</p>
<p><img src="https://www.benzinga.com/files/images/story/2025/1742328033_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>A comprehensive examination of how financial experts perceive Fortinet is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Hamza Fodderwala</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$123.00</td>
<td>$113.00</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Dan Bergstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$115.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Gabriela Borges</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$135.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$115.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$105.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Jonathan Ruykhaver</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Shrenik Kothari</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$112.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Fatima Boolani</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$101.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Gabriela Borges</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$114.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Joseph Gallo</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$105.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$115.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fortinet. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fortinet compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Fortinet's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Fortinet's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FTNT/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage"><strong>Stay up to date on Fortinet analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Fortinet</h2>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<h3>Fortinet: A Financial Overview</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Fortinet showcased positive performance, achieving a revenue growth rate of <strong>17.31%</strong> as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> Fortinet's net margin excels beyond industry benchmarks, reaching <strong>31.7%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Fortinet's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>43.82%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Fortinet's ROA excels beyond industry benchmarks, reaching <strong>5.65%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.67</strong>, Fortinet adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Fortinet's Future

<p>Morgan Stanley  analyst Hamza Fodderwala   maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Overweight and raises the price target from $113 to $123.</p>


Morgan Stanley Maintains Overweight on Fortinet, Raises Price Target to $123

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Shares of companies in the broader software sector are trading higher. The sector may be rising as the overall market rebounds after falling recently on tariff concerns.

BLND

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Shares of software companies are trading lower amid overall market weakness and tariff uncertainty. Also, the industry may be moving amid sympathy with Adobe after the company reported soft guidance. Investors may also be weighing the possibility of a government shutdown ahead of the March 14 deadline.

<p><strong>Fortinet's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NYSE">FTNT</a>) short percent of float has risen 32.24% since its last report. The company recently reported that it has <strong>17.96 million shares sold short</strong>, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.49 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>List of the most shorted stocks</strong></a></p>
<h3>Fortinet Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741789818_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Fortinet has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Fortinet's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Fortinet's peer group average for short interest as a percentage of float is 5.20%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


What Does the Market Think About Fortinet?

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Shares of companies in the broader tech sector are trading higher, rebounding after falling on Monday.

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Shares of software stocks are trading lower amid recession worries due to uncertainty regarding tariffs and trade policy. President Trump said there is a "period of transition." Economic uncertainty could drive a rotation out of growth sectors.

<p><img alt="Wooden blocks spelling TARIFFS are placed on a map of North America, specifically over the United States and Mexico. High quality photo — Photo" class="article-image-one" src="https://www.marketbeat.com/logos/articles/med_20250304152646_tariffs-wont-stop-these-3-stocks-from-rising.jpg" style="height:800px; width:1200px" /></p>
<p>As if investors didn&#39;t have enough to worry about, the Trump tariffs have gone into effect. As other nations begin to retaliate, this could be the initial battle in a prolonged trade war. Stocks are sinking across the board consequently, and that includes some of the top names from 2024, which don&#39;t look as magnificent in 2025.</p>
<p>Tariffs put pressure on corporate earnings and consumer spending, which is leading to cries of recession. However, what makes this particular tariff program so unsettling is its seemingly random, unpredictable nature. Are the tariffs being used to drive down interest rates? Are they being used to drive onshore manufacturing? Or are they, as President Trump says, about leverage to achieve policy objectives?</p>
<p>It makes for an uncertain time, and markets hate uncertainty.</p>
<p>It&#39;s only natural to be concerned, but this isn&#39;t the time to panic. Having discipline and a diversified outlook can help you find stocks that are likely to move higher even as the effects of tariffs start to take effect. Here are three names to consider.</p>
<h2><strong>Fortinet: A Defensive Play on the AI Trade</strong></h2>
<p>Cybersecurity stocks are one area for investors to look for stocks that are likely to grow in an uncertain tariff environment. <a href="https://www.marketbeat.com/stocks/NASDAQ/FTNT/" rel="noreferrer noopener" target="_blank">Fortinet Inc. (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>) is one of the top names to consider. The company is primarily focused on the hardware firewall niche through a unified platform.</p>
<p>[content-module:CompanyOverview|NASDAQ:FTNT]</p>
<p>Analysts are forecasting a significant upgrade cycle in 2026 and 2027. This should be a significant catalyst for a company that already has one of the best operating margins in the sector.</p>
<p>FTNT stock is also one of the <a href="https://www.marketbeat.com/videos/analysts-predict-big-gains-for-these-3-cybersecurity-leaders/" rel="noreferrer noopener" target="_blank">most upgraded stocks</a>. As of March 4, 2025, the Fortinet analyst forecasts on MarketBeat had a consensus price target of $103.72, which is about 3% lower than its current price. However, in the last 30 days, analysts have raised their price targets to levels that would give the stock an upside of around 20%.</p>
<p>Investors are wondering if the AI trade has peaked. The emergence of China&#39;s DeepSeek is weighing on some stocks focused on AI infrastructure. However, cybersecurity is less exposed to tariff risks, which will keep analysts focused on the increasing demand for cybersecurity caused by AI&#39;s growth.</p>
<h2><strong>Texas Roadhouse: This Restaurant Stock Just Flashed a Buy Signal</strong></h2>
<p>Restaurant stocks can be sensitive to tariffs for many reasons, including the cost of ingredients, supply chain snafus, and waning consumer demand.</p>
<p>[content-module:CompanyOverview|NASDAQ:TXRH]</p>
<p>However, this sector can be an example of a stock picker&#39;s market, and&nbsp;<a href="https://www.marketbeat.com/stocks/NASDAQ/TXRH/" rel="noreferrer noopener" target="_blank">Texas Roadhouse Inc. (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) is one of the best names to consider as discretionary dollars become tight.</p>
<p>Texas Roadhouse is simply one of the most well-run restaurant chains in the United States. And in the fourth quarter of 2024, it continued to post high single-digit year-over-year (YoY) growth in same-store sales. Plus, the company is still planning to open more restaurants in 2025.</p>
<p>And one of the reasons to buy TXRH stock now can be found in the company&#39;s stock chart. Late in February, the stock hit a low around $169 which formed an almost perfect double-bottom pattern. This can be a bullish signal and sure enough in the seven trading days ending March 4, the stock is up about 10%.</p>
<h2><strong>Lowe&#39;s: A Stable Stock for Long-Term Investors</strong></h2>
<p>Investing in <a href="https://www.marketbeat.com/stocks/sectors/retail-wholesale/" rel="noreferrer noopener" target="_blank">retail stocks</a> has been tricky in the past two years. Consumers have mostly absorbed inflation and rising interest rates. And now tariffs are driving up prices again.</p>
<p>[content-module:CompanyOverview|NYSE:LOW]</p>
<p><a href="https://www.marketbeat.com/stocks/NYSE/LOW/" rel="noreferrer noopener" target="_blank">Lowe&#39;s Companies Inc. (NYSE: </a><a class="ticker" href="https://www.benzinga.com/stock/low#NYSE">LOW</a>) is exposed to the retail sector via the housing and home improvement market, and it&#39;s been feeling the impact of a weak market on its top and bottom lines.</p>
<p>One of the best reasons to own Lowe&#39;s stock is its dividend. The company is a dividend king that has increased its dividend for 53 consecutive years, and it&#39;s been increasing that dividend at an average annualized growth rate of around 14.8% in the last three years.</p>
<p>LOW stock has been essentially flat over the last twelve months. But if you zoom out on the company&#39;s chart, you can see a bullish pattern where the stock may retreat over 10% but then come back to make new highs. That would be consistent with analyst sentiment, which has a consensus price target of $280.45 for LOW stock.</p>
<h2><a href="https://www.marketbeat.com/newsletter/PDFoffer.aspx?offer=top5&amp;RegistrationCode=SyndicatedArticleLink" style="text-decoration:none;color:var(--dark-blue); font-weight:500;">Where Should You Invest $1,000 Right Now?</a></h2>
<p>Before you make your next trade, you&#39;ll want to hear this.</p>
<p>MarketBeat keeps track of Wall Street&#39;s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.</p>
<p>Our team has identified the <a href="https://www.marketbeat.com/newsletter/PDFoffer.aspx?offer=top5&amp;RegistrationCode=SyndicatedArticleLink">five stocks</a> that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.</p>
<p>They believe these five stocks are the five best companies for investors to buy now...</p>
<p><a class="btn btn-featured" href="https://www.marketbeat.com/newsletter/PDFoffer.aspx?offer=top5&amp;RegistrationCode=SyndicatedArticleLink" style="text-decoration:none">See The Five Stocks Here </a></p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/tariffs-wont-stop-these-3-stocks-from-rising/">Tariffs Won&#39;t Stop These 3 Stocks From Rising</a>&quot; first appeared on MarketBeat.</p>


Equities

TXRH

Tariffs Won't Stop These 3 Stocks From Rising

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Fortinet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FTNT, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Fortinet.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 18% bullish and 54%, bearish.</p>
<p>Out of all of the special options we uncovered, 9 are puts, for a total amount of $663,001, and 2 are calls, for a total amount of $72,354.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $100.0 for Fortinet over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Fortinet stands at 585.75, with a total volume reaching 16,657.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Fortinet, situated within the strike price corridor from $80.0 to $100.0, throughout the last 30 days.</p>
<h3>Fortinet Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741202216_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.6</td>
<td>$5.55</td>
<td>$5.61</td>
<td>$100.00</td>
<td>$122.2K</td>
<td align="right">91</td>
<td>2.7K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.7</td>
<td>$5.65</td>
<td>$5.68</td>
<td>$100.00</td>
<td>$96.5K</td>
<td align="right">91</td>
<td>3.4K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$5.7</td>
<td>$5.3</td>
<td>$5.63</td>
<td>$100.00</td>
<td>$80.4K</td>
<td align="right">91</td>
<td>2.4K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.53</td>
<td>$100.00</td>
<td>$71.8K</td>
<td align="right">91</td>
<td>2.5K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$5.7</td>
<td>$5.65</td>
<td>$5.65</td>
<td>$100.00</td>
<td>$70.5K</td>
<td align="right">91</td>
<td>917</td>
</tr>
</tbody>
</table>
</p>
<h3>About Fortinet</h3>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<p>Following our analysis of the options activities associated with Fortinet, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Fortinet</h3>
<ul>
<li>With a volume of 2,383,472, the price of FTNT is up 0.23% at $106.72. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 57 days.</li>
</ul>
<h3>Professional Analyst Ratings for Fortinet</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $116.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Susquehanna persists with their Neutral rating on Fortinet, maintaining a target price of $110.<br />
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Fortinet, targeting a price of $105.<br />
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Neutral rating on Fortinet, which currently sits at a price target of $115.<br />
&#x2A; Maintaining their stance, an analyst from Stifel continues to hold a Hold rating for Fortinet, targeting a price of $115.<br />
&#x2A; An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $135. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Fortinet options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.</p>


Smart Money Is Betting Big In FTNT Options

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Fortinet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FTNT, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Fortinet.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $79,740, and 5 are calls, for a total amount of $213,120.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $125.0 for Fortinet during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Fortinet's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Fortinet's whale trades within a strike price range from $55.0 to $125.0 in the last 30 days. </p>
<h3>Fortinet Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2025/1741020351_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$34.15</td>
<td>$32.2</td>
<td>$33.23</td>
<td>$100.00</td>
<td>$66.4K</td>
<td>11.3K</td>
<td align="right">21</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$31.65</td>
<td>$30.25</td>
<td>$31.65</td>
<td>$100.00</td>
<td>$47.4K</td>
<td>11.3K</td>
<td align="right">20</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.2</td>
<td>$13.15</td>
<td>$13.15</td>
<td>$120.00</td>
<td>$42.0K</td>
<td>339</td>
<td align="right">32</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$62.75</td>
<td>$60.3</td>
<td>$62.0</td>
<td>$55.00</td>
<td>$31.0K</td>
<td>0</td>
<td align="right">5</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.2</td>
<td>$14.1</td>
<td>$14.1</td>
<td>$110.00</td>
<td>$28.2K</td>
<td>414</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Fortinet</h3>
<p>Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.</p>
<p>Following our analysis of the options activities associated with Fortinet, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Fortinet Standing Right Now?</h3>
<ul>
<li>With a volume of 1,352,414, the price of FTNT is up 0.81% at $108.89. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 59 days.</li>
</ul>
<h3>Professional Analyst Ratings for Fortinet</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $121.4.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $135.<br />
&#x2A; An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $112.<br />
&#x2A; An analyst from Stifel persists with their Hold rating on Fortinet, maintaining a target price of $115.<br />
&#x2A; An analyst from Cantor Fitzgerald persists with their Neutral rating on Fortinet, maintaining a target price of $110.<br />
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Fortinet, targeting a price of $135. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Fortinet options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.</p>


Fortinet Options Trading: A Deep Dive into Market Sentiment

<p>Our purpose here at <em>Under the Radar</em> is to bring companies, ideas, and strategies to your attention before Wall Street uncovers them.</p>
<p>We do not want to find ourselves in a situation like Yogi Berra once described a New York hangout—a place that no one goes to anymore because it is too crowded. We aim to bring you companies that are undervalued and selling for a fraction of their intrinsic worth as operating businesses, long before the <em>thundering herd</em> begins piling into the shares.</p>
<p>Occasionally, we identify a business that Wall Street is ignoring, which is trading for less than the value of its assets but has the financial strength to survive until conditions improve or until an acquisition occurs. Fast-growing companies that Wall Street has not yet discovered are another valuable source of potentially profitable ideas.</p>
<p>Sometimes, we introduce the names of hedge fund managers who work outside the spotlight yet consistently generate market-beating returns. Cloning their portfolios, away from the bright lights of Wall Street, can be profitable.</p>
<p>You have probably also noticed that I am country-agnostic. For the most part, I do not care where a business is located. If research shows that it has the potential for substantial profits, I want to share it with you.</p>
<p>My favorite thing to share with readers is a strategy that Wall Street is not discussing but has the potential to deliver significant winners. Those who have followed me for any length of time know that I am constantly testing ideas and strategies to determine what works and what does not.</p>
<p>Most ideas, no matter how exciting they may initially seem, fail to deliver real value. However, when we identify a strategy that empirical testing demonstrates can consistently deliver substantial winners, I cannot wait to share it with you. More often than not, the best ideas are the simplest, and that is the case with the strategy I am going to introduce today.</p>
<p>We will adhere to fundamental principles and invest in stocks with rapidly growing sales and strong financials. We are going to disregard earnings per share growth, analyst rankings and predictions, and valuation metrics. Instead, we will focus on one key question: Are these companies consistently selling more of their products and services?</p>
<p>We want to see high sales growth over one-, three-, and five-year periods. We are not interested in short-lived trends or companies that experience temporary spikes in demand, such as those selling fad products.</p>
<p>We also want companies that maintain strong balance sheets with ample liquidity. Their financial statements should show continued improvement. We avoid companies that are persistently borrowing more money or issuing stock to fund their operations.</p>
<p>To simplify our search, we screen for companies with high revenue growth rates and Piotroski F-Scores of seven or higher. This straightforward formula delivers returns that consistently outperform the market and helps uncover major winners before they begin to soar.</p>
<p>Over the past decade, this approach has uncovered significant winners, including <em>off-the-radar</em> stocks like Mr. Cooper (Ticker: COOP), Fortinet (Ticker: FTNT), and Arista Networks (Ticker: ANET) early in their meteoric rise. It has also maintained positions in well-established giants such as NVIDIA (Ticker: NVDA), Amazon (Ticker: AMZN), and Meta (Ticker: META).</p>
<p>When I ran the screen today, I identified several <em>off-the-radar</em> stocks with strong fundamentals and consistently high revenue growth. Investors who act before Wall Street takes notice could see substantial gains in the coming years.</p>
<p>One standout is <strong>Doximity, Inc. (Ticker: DOCS)</strong>, a leading digital platform for U.S. medical professionals that provides tools for collaboration, medical news updates, career management, and virtual patient visits. Founded in 2010, Doximity has expanded to serve over 80 percent of U.S. physicians, along with a significant number of nurse practitioners and physician assistants.</p>
<p>It functions as a professional network, a telehealth provider, and a marketing platform for pharmaceutical and hospital systems. With more than 80 percent of U.S. doctors registered on the platform, Doximity has become an indispensable digital tool in the medical industry. The company&#8217;s rapid growth is beginning to attract Wall Street&#8217;s attention, and investors are starting to accumulate shares.</p>
<p>This simple strategy also uncovered another <em>off-the-radar</em> stock poised to benefit from the massive growth in semiconductors over the next decade.</p>
<p>While most investors are focused on major semiconductor names such as TSMC, ASML, and NVIDIA, a lesser-known Japanese company is playing a crucial role in the industry&#8217;s expansion. <strong>Lasertec Corporation (Ticker: LSRCY)</strong> dominates the high-precision inspection and measurement market for semiconductor manufacturers.</p>
<p>Based in Yokohama, Lasertec specializes in tools that inspect photomasks and wafers, particularly for cutting-edge extreme ultraviolet (EUV) lithography—the same technology that enables the production of the most advanced chips in the world. If a chip is destined for an artificial intelligence server, a high-performance GPU, or an advanced smartphone, there is a high probability that Lasertec's inspection systems ensured its quality.</p>
<p>Business is thriving. In the fiscal year ending June 2024, Lasertec reported revenue of ¥213.5 billion, representing a remarkable 39.7 percent year-over-year increase. Net income surged to ¥59.08 billion, reflecting a 27.97 percent rise. Growth of this magnitude is difficult to overlook, especially in a market where artificial intelligence and high-performance computing continue to drive demand for cutting-edge chips.</p>
<p>Despite its essential role, Lasertec remains under the radar. Unlike (Ticke: TSMC) which manufactures chips, or (Ticker: ASML) which builds lithography machines, Lasertec provides the crucial inspection technology that ensures semiconductor production remains efficient and precise. Its niche is indispensable, and its financial performance confirms its strength.</p>
<p>Lasertec operates with a fabless model, focusing on research and development while outsourcing production. This strategy keeps costs low and fosters innovation, allowing the company to remain agile in an industry where technological advancements occur at a rapid pace.</p>
<p>With subsidiaries across the United States, China, South Korea, Taiwan, and Europe, Lasertec ensures its global clients receive the necessary support. Its inspection technology is a vital component of next-generation semiconductor manufacturing, making it a business worth watching.</p>


Opinion

AMZN

ANET

ASML

COOP

DOCS

LSRCY

Under the Radar: High Revenue Growth Meets Strong Financial Health

Press Releases

Fortinet to Announce Fourth Quarter and Full Year 2024 Financial Results

Fortinet to Collaborate and Share Insights with Global Leaders at World Economic Forum Annual Meeting

The Pittsburgh Steelers Name Fortinet a "Proud Partner," Leverage the Fortinet Security Fabric Platform

General

Fortinet Delivers Unmatched Security and Efficient Network Performance for the Distributed Enterprise with New Next-Gen Firewalls

Earnings

Fortinet Reports Fourth Quarter and Full Year 2024 Financial Results

Fortinet at Mobile World Congress: Join Us to Explore Sovereign SASE Innovations

Fortinet Evolves FortiAnalyzer into a Turnkey AI-Driven SecOps Platform for Resource-Constrained Security Teams

Empower Students with Free Resources to Thrive in Today's Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet

Fortinet Expands Its OT Security Platform to Strengthen Protection for Critical Infrastructure

Comments

Fortinet

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:34 PMFeb 19, 2025	CALL	$100.00	Jan 15, 2027	648	2004	500	32	6191	TRADE	BULLISH
12:38 PMFeb 19, 2025	CALL	$100.00	Jan 15, 2027	648	1624	250	26	6191	SWEEP	BULLISH
10:46 AMFeb 19, 2025	PUT	$120.00	Mar 21, 2025	-17	1080	1080	102	1064	TRADE	BEARISH
03:10 PMFeb 18, 2025	PUT	$135.00	Sep 19, 2025	165	300	300	Infinity	0	TRADE	BULLISH