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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Gabriela Borges | Goldman Sachs | 9 | 22% |
| Saket Kalia | Barclays | 9 | 22% |
| Tal Liani | Bank of America | 9 | 22% |
| Shaul Eyal | TD Cowen | 8 | 0% |
| Brian Essex | JPMorgan | 8 | 0% |
| Junaid Siddiqui | Truist Securities | 7 | 14% |
| Fatima Boolani | Citigroup | 6 | 17% |
| Robbie Owens | Piper Sandler | 6 | 17% |
| Shrenik Kothari | Robert W. Baird | 5 | 0% |
| Patrick Colville | Scotiabank | 5 | 20% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Goldman Sachs | 1 | 9 | 22% |
| Barclays | 1 | 9 | 22% |
| Bank of America | 1 | 9 | 22% |
| TD Cowen | 1 |
| 8 |
| 0% |
| JPMorgan | 1 | 8 | 0% |
| Truist Securities | 1 | 7 | 14% |
| Piper Sandler | 1 | 6 | 17% |
| Citigroup | 1 | 6 | 17% |
Fortinet delivered 20% revenue growth with EPS surging 29% as AI-driven security demand accelerated and OT security billings surged over 70%. Unified SASE billings grew 31% while total billings increased 31% to $2.09 billion, the strongest Q1 in company history. Management raised full-year FY2026 guidance across all top-line metrics including billings, revenue, and EPS (from $2.94-$3.00 to $3.10-$3.16), earning a +2 guidance adjustment for a final score of 10.
Revenue Growth | Cloud & AI | Demand | Competitive Dynamics | Product Launch | Guidance Reliability | Innovation & R&D | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 4 | 4 | 4 | 4 | 2 | ||
| 2025Q1 | 4 | 4 | 7 | 3 | 3 | 2 | 1 | |
| 2025Q2 | 6 | 5 | 2 | 5 | 4 | 2 | 1 | 1 |
| 2025Q3 | 8 | 4 | 1 | 1 | 3 | 3 | 1 | 1 |
| 2025Q4 | 4 | 6 | 3 | 2 | 4 | 1 | 3 | 4 |
| 2026Q1 | 6 | 6 | 6 | 4 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6 | 4 | 6 | 8 | 4 | 6 |
| Cloud & AI | 4 | 4 | 5 | 4 | 6 | 6 |
| Demand | 4 | 7 | 2 | 1 | 3 | 6 |
| Competitive Dynamics | 4 | 3 | 5 | 1 | 2 | 4 |
| Product Launch | 4 | 3 | 4 | 3 | 4 | |
| Guidance Reliability | 2 | 2 | 2 | 3 | 1 | 1 |
| Innovation & R&D | 1 | 1 | 1 | 3 | 3 | |
| Margin | 1 | 1 | 4 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FTNT Fortinet | 10 | +20.1% | |
| ADBE Adobe Inc. | 7 | +12.0% | |
| AKAM Akamai Technologies | 6 | +5.8% | |
| CPAY Corpay | 8 | +25.4% | |
| CRWD CrowdStrike | 9 | +23.3% | |
| FFIV F5, Inc. | 8 | +11.0% | |
| GDDY GoDaddy | 7 | +6.1% | |
| GEN Gen Digital | 6 | +27.0% | |
| MSFT Microsoft Corporation | 8 | +18.3% | |
| NET Cloudflare, Inc. | 10 | +33.5% | |
| ORCL Oracle Corporation | 9 | +21.7% | |
| PANW Palo Alto Networks | 6 | +14.9% | |
| PLTR Palantir Technologies | 10 | +84.7% | |
| SNPS Synopsys | 7 | +41.9% | |
| VRSN Verisign | 7 | +6.6% | |
| XYZ Block, Inc. | 8 | +4.9% | |
| ZS Zscaler | 9 | +25.4% |