Fortinet boosts share repurchase program by $1B
Aug 22, 10:53 AM
FTNT
- Fortinet has expanded its share repurchase program by $1 billion, bringing the total authorization to $9.25 billion.
- The duration of the repurchase program has been extended until February 28, 2027.
- As of August 21, 2025, approximately $1.23 billion remains available for share repurchases under the updated program.
Recommendation Rating: Strong Buy
Fortinet (NASDAQ:FTNT) has announced a significant expansion of its share repurchase program, increasing the total authorized amount by $1 billion, which now totals up to $9.25 billion. Additionally, the duration of this program has been extended until February 28, 2027. As of August 21, 2025, there is approximately $1.23 billion remaining for repurchases under the updated program, inclusive of the new $1 billion addition.