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) 주식

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.

Ottawa,,On,,Canada,-,October,15,,2023:,Fortinet,Technologies,Logo

Earnings

News

After-Hours Center

Movers

Tech

FTNT

포티넷(NASDAQ:FTNT)은 수요일(7일) 장 마감 후 1분기 실적을 발표했다. 실적 보고서의 주요 수치는 다음과 같다.세부 사항: 포티넷은 분기 조정 주당 순이익이 58센트로, 시장 예상치인 53센트를 상회했다고 발표했다. 분기 매출은 애널리스트들의 예상과 일치하는 15억 4천만 달러로 집계되었다.

포티넷 1분기 실적 발표: 매출 예상치 부합, 수익은 상회···시간외 주가 12% 급락

Fortinet,Technologies,Logo,Sign,On,The,Building.,Ottawa,,On,,Canada

4분기 실적: 포티넷은 4분기 매출이 16억 6천만 달러로 예상치 15억 9천만 달러를 상회했다고 발표했다.Benzinga Pro에 따르면, 사이버 보안 회사 포티넷의 조정 주당순이익은 74센트를 기록해 애널리스트 예상치 61센트를 크게 상회했다.

포티넷, 4분기 실적 호조로 시간외 주가 6% 급등

Cybersecurity, IT

Sector ETFs

Specialty ETFs

Emerging Market ETFs

ETFs

AVGO

CHKP

CRWD

CSCO

CYBR

HACK

IHAK

PANW

중국과 연계된 솔트 타이푼(Salt Typhoon) 해커들이 9개 기업의 시스템에 침투했고, 러시아의 지원을 받는 그룹이 스타링크를 통해 우크라이나 군용 기기를 노렸으며, 사이버헤이븐(Cyberhaven)의 브라우저 확장 프로그램이 하이재킹의 희생양이 되었다.

사이버 범죄 급증으로 사이버 보안 ETF 수요 증가

Fortinet Inc

Baird analyst Shrenik Kothari maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and raises the price target from $112 to $115.

Price Target

Analyst Ratings

Baird Maintains Neutral on Fortinet, Raises Price Target to $115

Whales with a lot of money to spend have taken a noticeably bullish stance on Fortinet.
Looking at options history for Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $84,218 and 6, calls, for a total amount of $936,230.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $97.5 and $140.0 for Fortinet, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $97.5 to $140.0 in the last 30 days. 
<h3>Fortinet Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747857726_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$25.45</td>
<td>$25.1</td>
<td>$25.05</td>
<td>$100.00</td>
<td>$751.5K</td>
<td>6.1K</td>
<td>310</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$15.9</td>
<td>$15.7</td>
<td>$15.8</td>
<td>$100.00</td>
<td>$50.5K</td>
<td>896</td>
<td>58</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.5</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$97.50</td>
<td>$46.2K</td>
<td>725</td>
<td>65</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.75</td>
<td>$6.5</td>
<td>$6.75</td>
<td>$100.00</td>
<td>$33.7K</td>
<td>2.6K</td>
<td>50</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$0.55</td>
<td>$0.42</td>
<td>$0.42</td>
<td>$102.00</td>
<td>$29.4K</td>
<td>1.6K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Fortinet</h3>
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.
After a thorough review of the options trading surrounding Fortinet, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Fortinet Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,955,154, the FTNT's price is down by -1.66%, now at $103.05. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 76 days.</li>
</ul>
<h3>What The Experts Say On Fortinet</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $107.2.
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>. 
&#x2A; An analyst from Roth Capital downgraded its action to Neutral with a price target of $103. 
&#x2A; An analyst from Baird has decided to maintain their Neutral rating on Fortinet, which currently sits at a price target of $108. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Fortinet, which currently sits at a price target of $115. 
&#x2A; An analyst from Stifel persists with their Hold rating on Fortinet, maintaining a target price of $95. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on Fortinet, which currently sits at a price target of $115. 
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>.

Options

Markets

Smart Money Is Betting Big In FTNT Options

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Shares of companies within the broader tech sector are trading higher amid overall market strength following softer-than-expected April inflation readings. Additionally, investors continue to weigh US-China trade progress and President Trump's Middle East trip.

High-rolling investors have positioned themselves bullish 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. 
\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.
Today, Benzinga's options scanner spotted 9 options trades for Fortinet. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $27,060, and 8 calls, totaling $666,934.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $135.0 for Fortinet, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Fortinet stands at 767.0, with a total volume reaching 522.00. 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 $90.0 to $135.0, throughout the last 30 days.
<h3>Fortinet Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747072872_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$3.15</td>
<td>$3.1</td>
<td>$3.15</td>
<td>$100.00</td>
<td>$149.0K</td>
<td>7</td>
<td align="right">1</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$3.15</td>
<td>$3.1</td>
<td>$3.15</td>
<td>$100.00</td>
<td>$149.0K</td>
<td>7</td>
<td align="right">1</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$5.2</td>
<td>$4.9</td>
<td>$5.2</td>
<td>$97.50</td>
<td>$104.0K</td>
<td>924</td>
<td align="right">202</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$4.0</td>
<td>$3.85</td>
<td>$4.0</td>
<td>$100.00</td>
<td>$79.6K</td>
<td>2.5K</td>
<td align="right">69</td>
</tr>
<tr>
<td>FTNT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/30/25</td>
<td>$6.3</td>
<td>$5.6</td>
<td>$5.85</td>
<td>$95.00</td>
<td>$58.5K</td>
<td>162</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Fortinet</h3>
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.
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
<h3>Where Is Fortinet Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,224,225, with FTNT's price up by 3.71%, positioned at $101.03.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 85 days.</li>
</ul>
<h3>Professional Analyst Ratings for Fortinet</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $105.6.
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on Fortinet with a target price of $100. 
&#x2A; An analyst from UBS has decided to maintain their Neutral rating on Fortinet, which currently sits at a price target of $105. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Fortinet, which currently sits at a price target of $115. 
&#x2A; An analyst from Roth Capital downgraded its action to Neutral with a price target of $103. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Fortinet, targeting a price of $105. 
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.
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.

Unpacking the Latest Options Trading Trends in Fortinet

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Core Scientific, Inc. - Class A Common Stock

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MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

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Next Technology Holding Inc. - Ordinary Shares

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Shares of software stocks are trading higher amid overall market strength after the US and China agreed to a temporary reduction in most tariffs on each other's goods.

UBS analyst Roger Boyd maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and lowers the price target from $115 to $105.

UBS Maintains Neutral on Fortinet, Lowers Price Target to $105

Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) shares are trading lower Thursday after the company reported <a href="https://www.benzinga.com/news/earnings/25/05/45268852/fortinet-stock-sinks-after-q1-results-earnings-beat-revenues-in-line"> first-quarter 2025 financial results</a>.
What To Know: While adjusted earnings of 58 cents per share came in above the 53-cent consensus estimate, revenue of $1.54 billion was just in line with analyst expectations, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Slightly soft guidance at the midpoint appears to be weighing on shares. Fortinet guided for second-quarter revenue of $1.59 billion to $1.65 billion, or $1.62 billion at the midpoint, versus estimates of $1.63 billion. The company also reaffirmed full-year guidance of $6.65 billion to $6.85 billion versus estimates of $6.76 billion.
Fortinet guided for second-quarter adjusted earnings of 58 cents to 60 cents per share, versus estimates of 58 cents per share, and raised its full-year earnings forecast to $2.43 to $2.49 per share versus estimates of $2.47 per share. 
Product revenue increased 12.3% year-over-year to $459.1 million and service revenue rose 14.4% to $1.08 billion. Total billings reached $1.6 billion, representing a 13.5% increase from the year-ago period, while remaining performance obligations climbed 11.7% to $6.49 billion. 
&#8220;We continue to accelerate our growth strategy by investing in the rapidly expanding Unified SASE and Security Operations markets, while strengthening our leadership in Secure Networking,&#8221; said Ken Xie, founder, chairman and CEO of Fortinet. 
&#8220;Leveraging our deep expertise in networking and security convergence, a strong track record of AI-driven innovation, and seamless product development and integration through our FortiOS operating system, we have established ourselves as the leader in organic innovation and will continue setting the industry standard in cybersecurity.&#8221;
Several analysts also lowered price targets on Thursday, which is adding to the weakness in shares. 
<ul>
<li>Baird analyst Shrenik Kothari maintained a Neutral rating and lowered the price target from $113 to $108.</li>
</ul>
<ul>
<li>Stifel analyst Adam Borg maintained a Hold rating and lowered the price target from $115 to $95.</li>
</ul>
<ul>
<li>Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight rating and lowered the price target from $105 to $95.</li>
</ul>
<ul>
<li>Scotiabank analyst Patrick Colville maintained a Sector Outperform rating and lowered the price target from $135 to $115.</li>
</ul>
<ul>
<li>Keybanc analyst Eric Heath maintained an Overweight rating and lowered the price target from $120 to $115.</li>
</ul>
FTNT Price Action: Fortinet shares were down 8.43% at $97.72 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45285797/forget-rate-cuts-this-year-bank-of-america-warns-after-powells-hawkish-tone">Forget Rate Cuts This Year, Bank Of America Warns After Powell&#8217;s Hawkish Tone</a></li>
</ul>
Image via Shutterstock.

Fortinet Stock Is Tumbling Today: What's Sparking The Sell-Off?

RBC Capital analyst Dan Bergstrom maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Sector Perform and lowers the price target from $110 to $105.

RBC Capital Maintains Sector Perform on Fortinet, Lowers Price Target to $105

U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor <a href="https://www.benzinga.com/markets">appetite for riskier assets.</a>
The S&amp;P 500 jumped 1.3% to close at 5,700, led by gains in technology stocks. The Russell 2000 soared 2.1%, outperforming larger-cap counterparts and fully recovering the losses triggered by the April 2 tariff announcement.
Under the deal, the U.S. slashed tariffs on UK-made vehicles from 25% to 10%, granting British carmakers a 100,000-vehicle quota. In return, the UK reduced tariffs on American beef to near-zero levels and pledged to purchase $10 billion worth of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) aircraft. Trump confirmed that the 10% tariff would remain the baseline for now, though he suggested other nations with large trade surpluses should expect higher rates.
During a press briefing, Trump hinted at the &#8220;biggest tax cuts in history&#8221; and urged investors to act: "You better go out and buy stock. This country will be like a rocket ship," he said.
The president also responded to Federal Reserve Chair Jerome Powell, who noted a day earlier he hadn't been invited to meet with Trump. "I could call him from a meeting, but it's like talking to a wall," Trump said. 
"He's always too late [in cutting interest rates]. But in this case, it's not going to matter that much because our country is so strong."
Markets reflected that strength. The U.S. dollar rallied sharply as the new trade deal and reduced economic uncertainty boosted confidence. The U.S. Dollar Index (DXY) jumped to its highest level since April 11, climbing over 1% against the Japanese yen.
Treasury yields rose across the curve, with the 10-year yield adding 7 basis points to reach 4.34%.
In commodities, gold prices dropped as investors rotated out of safe havens. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) fell 1.5%, trimming its weekly gains. Oil prices rose 3.5%, with West Texas Intermediate crude topping $60 per barrel.
Crypto markets erupted higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) broke above $100,000 for the first time since February, rising 4.1%. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged 13%, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) gained 10%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % Chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,030.85</td>
<td>+2.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,218.21</td>
<td>+1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,683.40</td>
<td>+1.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,707.58</td>
<td>+1.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:10 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rallied 1.4% to $569.13.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.4% to $416.94.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 1.8% to $491.78.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 2.2% to $201.78.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 2.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) down 9.5%</li>
<li>Axon Enterprise Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) down 0.6%</li>
<li>Corteva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) up 6.2%</li>
<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) up 6.3%</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) up 1.5%</li>
<li>Atmos Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) up 0.6%</li>
<li>Fidelity National Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) down 7.0%</li>
<li>Western Gas Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WES#NYSE">WES</a>) up 2.9%</li>
<li>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) down 1.85%</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 4.30%</li>
<li>Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) up 4.93%</li>
<li>Cheniere Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) up 0.79%</li>
<li>Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) up 0.83%</li>
<li>Cenovus Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) up 8.87%</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) up 4.26%</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) down 3.44%</li>
<li>Lincoln National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>) down 0.60%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 1.64%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) up 5.21%</li>
<li>Spectrum Brands Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPB#NYSE">SPB</a>) up 3.81%</li>
<li>Global Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLP#NYSE">GLP</a>) down 2.15%</li>
<li>NCR Voyix Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYX#NYSE">VYX</a>) up 15.14%</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) down 7.16%</li>
</ul>
Stocks slated to report earnings after the close include Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>), and News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>).
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Keybanc analyst Eric Heath maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Overweight and lowers the price target from $120 to $115.

Keybanc Maintains Overweight on Fortinet, Lowers Price Target to $115

Scotiabank analyst Patrick Colville maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Sector Outperform and lowers the price target from $135 to $115.

Scotiabank Maintains Sector Outperform on Fortinet, Lowers Price Target to $115

Wells Fargo analyst Andrew Nowinski maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Equal-Weight and lowers the price target from $105 to $95.

Wells Fargo Maintains Equal-Weight on Fortinet, Lowers Price Target to $95

Stifel analyst Adam Borg 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 $95.

Stifel Maintains Hold on Fortinet, Lowers Price Target to $95

Baird analyst Shrenik Kothari maintains Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) with a Neutral and lowers the price target from $113 to $108.

Baird Maintains Neutral on Fortinet, Lowers Price Target to $108

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 1% on Thursday.
Shares of Arm Holdings PLC &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) fell sharply in today's pre-market trading after the company reported fourth-quarter financial results and issued FY26 guidance below estimates. Also, the company issued first-quarter <a href="https://www.benzinga.com/quote/arm/earnings">adjusted EPS guidance below estimates.</a>
Arm Holdings reported quarterly earnings of 55 cents per share, which beat the analyst consensus estimate of 52 cents. Quarterly revenue came in at $1.24 billion, which beat the consensus estimate of $1.23 billion and is an increase over revenue of $928 million from the same period last year.
Arm Holdings shares tumbled 10.6% to $110.88 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NetClass Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTCL#NASDAQ">NTCL</a>) shares dipped 18.7% to $26.37 in pre-market trading.</li>
<li>Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) shares fell 15.1% to $3.83 in pre-market trading after the company reported a wider-than-expected quarterly loss and lowered its FY25 sales forecast.</li>
<li>Semrush Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMR#NYSE">SEMR</a>) declined 13% to $8.89 in pre-market trading after posting downbeat quarterly earnings.</li>
<li>Emerald Holding Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) dipped 12.6% to $4.01 in today's pre-market trading. Emerald Holding recently reported better-than-expected first-quarter financial results and issued FY25 sales guidance with its midpoint above estimates.</li>
<li>Consensus Cloud Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) declined 10.2% to $20.03 in pre-market trading after reporting first-quarter results.</li>
<li>Genpact Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/G#NYSE">G</a>) shares tumbled 9.2% to $45.01 in pre-market trading after the company cut its FY25 forecast.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 8.9% to $6.22 in pre-market trading following weak quarterly results.</li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) dipped 8.6% to $97.55 in pre-market trading following first-quarter results.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dipped 7.6% to $7.84 in pre-market trading as the company posted a wider-than-expected loss for the first quarter after the closing bell on Wednesday. The company also said it expects full-year 2025 steel unit cost reductions of approximately $50 per net ton compared to the prior year. The company anticipates full-year capital expenditures of approximately $625 million, down from prior guidance of $700 million.</li>
</ul>
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Arm Holdings, Fluence Energy, Semrush And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) stock increased by 19.8% to $2.66 during Thursday's pre-market session. The market value of their outstanding shares is at $160.5 million. </li>
<li>D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) stock rose 19.59% to $8.24. The market value of their outstanding shares is at $2.4 billion. As per the news, the Q1 earnings report came out today. </li>
<li>AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares moved upwards by 13.45% to $344.28. The company's market cap stands at $116.4 billion. The company's, Q1 earnings came out yesterday. </li>
<li>EPAM Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) shares increased by 12.43% to $179.0. The market value of their outstanding shares is at $10.1 billion. The company's, Q1 earnings came out today. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock moved upwards by 10.98% to $1.05. The market value of their outstanding shares is at $12.0 million. </li>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) stock moved upwards by 10.04% to $0.51. The market value of their outstanding shares is at $46.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Consensus Cloud Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCSI#NASDAQ">CCSI</a>) stock declined by 17.2% to $18.48 during Thursday's pre-market session. The market value of their outstanding shares is at $361.1 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) stock fell 14.86% to $4.47. The company's market cap stands at $7.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Syntec Optics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) shares decreased by 14.48% to $1.3. The company's market cap stands at $47.6 million. </li>
<li>Nortech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSYS#NASDAQ">NSYS</a>) stock decreased by 12.38% to $8.46. The company's market cap stands at $23.3 million. </li>
<li>Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) stock decreased by 8.27% to $97.9. The company's market cap stands at $75.2 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Evolv Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) shares declined by 8.15% to $3.72. The market value of their outstanding shares is at $608.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

Fortinet shares are trading lower. The company reported Q1 financial results.

<h3>Gainers</h3>
<ul>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock rose 31.8% to $0.85 during Wednesday's after-market session. The company's market cap stands at $15.9 million. </li>
<li>AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares rose 18.55% to $359.77. The company's market cap stands at $121.7 billion. The company's, Q1 earnings came out today. </li>
<li>Viant Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSP#NASDAQ">DSP</a>) stock moved upwards by 11.06% to $14.56. The market value of their outstanding shares is at $235.4 million. The company's, Q1 earnings came out yesterday. </li>
<li>Alpha &amp; Omega (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOSL#NASDAQ">AOSL</a>) shares rose 8.92% to $21.85. The company's market cap stands at $642.7 million. As per the press release, Q3 earnings came out today. </li>
<li>Q2 Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QTWO#NYSE">QTWO</a>) stock moved upwards by 8.05% to $86.78. The market value of their outstanding shares is at $5.4 billion. The company's, Q1 earnings came out today. </li>
<li>Red Violet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDVT#NASDAQ">RDVT</a>) shares increased by 6.0% to $42.9. The market value of their outstanding shares is at $591.6 million. As per the news, the Q1 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Veeco Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VECO#NASDAQ">VECO</a>) shares decreased by 12.6% to $16.51 during Wednesday's after-market session. The company's market cap stands at $956.5 million. As per the news, the Q1 earnings report came out today. </li>
<li>Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) stock declined by 9.81% to $4.78. The market value of their outstanding shares is at $137.0 million. As per the press release, Q1 earnings came out today. </li>
<li>ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock decreased by 8.73% to $113.35. The market value of their outstanding shares is at $119.1 billion. As per the press release, Q4 earnings came out today. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares declined by 8.7% to $1.26. The company's market cap stands at $3.9 million. </li>
<li>Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) stock fell 8.45% to $97.71. The market value of their outstanding shares is at $75.1 billion. The company's, Q1 earnings came out today. </li>
<li>SkyWater Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) stock fell 7.59% to $6.7. The company's market cap stands at $321.5 million. As per the press release, Q1 earnings came out today. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's After-Market Session

Fortinet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures <a href="https://www.benzinga.com/pressreleases/25/05/g45265863/fortinet-reports-first-quarter-2025-financial-results">from the report. </a>
The Details: Fortinet reported quarterly adjusted earnings of 58 cents per share, which beat the Street estimate of 53 cents. Quarterly revenue came in at $1.54 billion, in line with analysts&#8217; estimates.
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For the first quarter, Fortinet reported: 
<ul>
<li>Product Revenue:&nbsp;Product revenue was $459.1 million, an increase of 12.3% compared to $408.9 million for the same quarter of 2024.</li>
<li>Service Revenue:&nbsp;Service revenue was $1.08 billion, an increase of 14.4% compared to $944.4 million for the same quarter of 2024.</li>
<li>Billings:&nbsp;Total billings were $1.6 billion for the first quarter of 2025, an increase of 13.5% compared to $1.41 billion for the same quarter of 2024.</li>
<li>Remaining performance obligations:&nbsp;Remaining performance obligations were $6.49 billion as of March&nbsp;31, 2025, an increase of 11.7% compared to $5.81&nbsp;billion in the prior year&#8217;s quarter. </li>
</ul>
&#8220;We continue to accelerate our growth strategy by investing in the rapidly expanding Unified SASE and Security Operations markets, while strengthening our leadership in Secure Networking. Leveraging our deep expertise in networking and security convergence, a strong track record of AI-driven innovation, and seamless product development and integration through our FortiOS operating system, we have established ourselves as the leader in organic innovation and will continue setting the industry standard in cybersecurity,&#8221; said Ken Xie, CEO of Fortinet. 
Outlook:&nbsp;Fortinet raised its fiscal 2025 adjusted EPS guidance to a range of $2.43 to $2.49, versus the $2.47&nbsp;estimate and affirmed its revenue guidance of between $6.65 billion and $6.85 billion, versus the $6.76 billion estimate. 
FTNT Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Fortinet stock was down 7.37% at $98.86 after-hours Wednesday.  
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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	592	2004	500	32	6191	TRADE	BULLISH
12:38 PMFeb 19, 2025	CALL	$100.00	Jan 15, 2027	592	1624	250	26	6191	SWEEP	BULLISH
10:46 AMFeb 19, 2025	PUT	$120.00	Mar 21, 2025	-73	1080	1080	102	1064	TRADE	BEARISH
03:10 PMFeb 18, 2025	PUT	$135.00	Sep 19, 2025	109	300	300	Infinity	0	TRADE	BULLISH