Fortinet (FTNT) sees a strong pipeline of deal activity in fiscal 2026 despite navigating a difficult environment, Wedbush said in a Friday research note.

The company's 2026 billings and revenue guidance of $8.40 billion to $8.60 billion and $7.50 billion to $7.70 billion was ahead of Wall Street view of $8.21 billion and $7.50 billion, Wedbush said, adding that earnings per share estimate, too, beat Wall Street projection despite margin fears on sharper DRAM memory pricing.

With the increased use of artificial intelligence lowering the cost, skill and time required to execute sophisticated attacks, position of companies like Fortinet and its peers is enhanced in 2026 given their cybersecurity offerings, Wedbush further said.

The firm maintained its outperform rating with a $90 price target on Fortinet.

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