Scotiabank Forecasts Fortinet's FY2027 Earnings at $3.02 Per Share

Analysts see continued growth for the cybersecurity firm despite market volatility

Mar. 25, 2026 at 5:42am

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Scotiabank analysts have issued their FY2027 earnings per share estimate for Fortinet, Inc. (NASDAQ:FTNT), projecting the software maker will post earnings of $3.02 per share for the year. This forecast exceeds the current consensus estimate for Fortinet's full-year earnings in 2026 of $2.09 per share, signaling the analysts' confidence in the company's continued growth trajectory.

Why it matters

Fortinet is a leading cybersecurity firm that has seen strong demand for its network security appliances and software amid the rise in cyber threats. Scotiabank's bullish FY2027 forecast suggests the analysts believe Fortinet can maintain its momentum and capitalize on long-term industry trends, despite potential market volatility.

The details

Scotiabank analyst P. Colville issued the FY2027 earnings estimate for Fortinet in a report released on March 19, 2026. The analysts currently have a 'Sector Perform' rating and $85.00 target price on Fortinet's stock. In comparison, the current consensus estimate for Fortinet's full-year 2026 earnings is $2.09 per share.

  • Scotiabank released its FY2027 earnings forecast for Fortinet on March 19, 2026.

The players

Fortinet, Inc.

A multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide.

P. Colville

A Scotiabank analyst who issued the FY2027 earnings estimate for Fortinet.

Scotiabank

A Canadian multinational banking and financial services company that provides investment research and analysis on various companies and industries.

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What they’re saying

“Scotiabank analyst P. Colville forecasts that the software maker will post earnings of $3.02 per share for the year.”

— P. Colville, Analyst

The takeaway

Scotiabank's bullish FY2027 earnings forecast for Fortinet suggests the analysts see the cybersecurity firm maintaining its strong growth trajectory, even as the broader market faces potential volatility. This positive outlook underscores Fortinet's positioning as a leader in the rapidly evolving cybersecurity landscape.