Fortinet Company Profile (NASDAQ:FTNT)

About Fortinet

Fortinet logoFortinet, Inc. provides cyber security solutions to enterprises, service providers and government organizations across the world. The Company's flagship network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. The Company's cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Application Software
  • Sub-Industry: Systems Software
  • Exchange: NASDAQ
  • Symbol: FTNT
  • CUSIP: 34959E10
Key Metrics:
  • Previous Close: $36.30
  • 50 Day Moving Average: $35.39
  • 200 Day Moving Average: $33.15
  • 52-Week Range: $23.16 - $44.66
  • Trailing P/E Ratio: 981.08
  • Foreward P/E Ratio: 117.10
  • P/E Growth: 2.41
  • Market Cap: $6.27B
  • Outstanding Shares: 172,687,000
  • Beta: 1.63
  • Net Margins: 0.07%
  • Return on Equity: 0.68%
  • Return on Assets: 0.29%
  • Current Ratio: 1.85%
  • Quick Ratio: 1.74%
Additional Links:
Companies Related to Fortinet:

Analyst Ratings

Consensus Ratings for Fortinet (NASDAQ:FTNT) (?)
Ratings Breakdown: 8 Hold Ratings, 17 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $39.50 (8.82% upside)

Analysts' Ratings History for Fortinet (NASDAQ:FTNT)
DateFirmActionRatingPrice TargetDetails
9/25/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
9/20/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$45.00View Rating Details
9/13/2016WunderlichInitiated CoverageBuy$42.00 -> $45.00View Rating Details
8/30/2016Pacific CrestUpgradeSector Weight -> Overweight$47.00View Rating Details
7/29/2016Citigroup Inc.Lower Price TargetNeutral$37.00 -> $35.00View Rating Details
6/8/2016JPMorgan Chase & Co.Reiterated RatingBuyView Rating Details
6/8/2016Bank of America Corp.Reiterated RatingBuy$37.00 -> $40.00View Rating Details
6/1/2016Barclays PLCLower Price TargetOverweight$46.00 -> $42.00View Rating Details
4/27/2016Morgan StanleyReiterated RatingHoldView Rating Details
4/27/2016Dougherty & CoBoost Price TargetBuy$38.00 -> $40.00View Rating Details
4/27/2016Piper Jaffray Cos.Reiterated RatingNeutral$30.00 -> $33.00View Rating Details
4/27/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
4/27/2016FBR & CoReiterated RatingOutperform$35.00 -> $41.00View Rating Details
4/26/2016Royal Bank Of CanadaBoost Price TargetSector Perform$32.00 -> $35.00View Rating Details
4/14/2016Evercore ISIInitiated CoverageHold$30.00View Rating Details
3/31/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$37.00View Rating Details
3/21/2016Goldman Sachs Group Inc.Initiated CoverageConviction-Buy$39.00View Rating Details
2/1/2016Northland SecuritiesInitiated CoverageOutperform$35.00View Rating Details
1/29/2016Raymond James Financial Inc.Lower Price TargetOutperform$49.00 -> $39.00View Rating Details
1/29/2016JMP SecuritiesLower Price TargetMarket Outperform$55.00 -> $40.00View Rating Details
1/29/2016Topeka Capital MarketsLower Price TargetHold$40.00 -> $35.00View Rating Details
1/29/2016Needham & Company LLCDowngradeStrong-Buy -> Buy$43.00View Rating Details
1/26/2016Deutsche Bank AGDowngradeBuy -> Hold$49.00 -> $34.00View Rating Details
12/15/2015Buckingham ResearchReiterated RatingBuyView Rating Details
10/25/2015NomuraReiterated RatingBuy$55.00View Rating Details
10/13/2015GabelliReiterated RatingBuyView Rating Details
7/23/2015FBN SecuritiesReiterated RatingBuy$45.00 -> $60.00View Rating Details
7/23/2015Robert W. BairdBoost Price TargetNeutral$46.00 -> $50.00View Rating Details
6/1/2015GuggenheimInitiated CoverageNeutralView Rating Details
4/21/2015MacquarieBoost Price TargetNeutral$34.00 -> $39.00View Rating Details
(Data available from 9/29/2014 forward)


Earnings History for Fortinet (NASDAQ:FTNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2016Q216$0.14$0.14$304.71 million$311.40 millionViewListenView Earnings Details
4/26/2016Q116$0.09$0.12$273.46 million$284.60 millionViewListenView Earnings Details
1/28/2016Q415$0.18$0.18$296.28 million$296.50 millionViewListenView Earnings Details
10/22/2015Q315$0.12$0.14$258.72 million$260.10 millionViewListenView Earnings Details
7/22/2015Q215$0.09$0.11$227.61 million$239.80 millionViewListenView Earnings Details
4/20/2015Q115$0.06$0.08$212.90 millionViewListenView Earnings Details
1/28/2015Q414$0.14$0.14$210.77 million$224.00 millionViewListenView Earnings Details
10/22/2014Q3$0.11$0.12$184.90 million$193.30 millionViewListenView Earnings Details
7/23/2014Q214$0.10$0.11$171.58 million$184.10 millionViewN/AView Earnings Details
4/23/2014Q114$0.09$0.11$157.96 million$168.90 millionViewListenView Earnings Details
1/29/2014Q413$0.14$0.15$165.97 million$177.40 millionViewListenView Earnings Details
10/23/2013Q313$0.11$0.12$151.00 million$154.70 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.10$0.10$142.63 million$147.40 millionViewN/AView Earnings Details
4/30/2013Q1 2013$0.10$0.10$135.12 million$135.80 millionViewN/AView Earnings Details
1/30/2013Q4 2012$0.15$0.17$144.28 million$151.16 millionViewN/AView Earnings Details
10/16/2012$0.14$0.14ViewN/AView Earnings Details
7/25/2012$0.12$0.12ViewN/AView Earnings Details
1/31/2012$0.12$0.14ViewN/AView Earnings Details
10/24/2011$0.09$0.13ViewN/AView Earnings Details
7/19/2011$0.08$0.09ViewN/AView Earnings Details
4/27/2011$0.14$0.17ViewN/AView Earnings Details
1/25/2011$0.14$0.22ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Fortinet (NASDAQ:FTNT)
Current Year EPS Consensus Estimate: $0.22 EPS
Next Year EPS Consensus Estimate: $0.31 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20161$0.02$0.02$0.02
Q3 20161$0.05$0.05$0.05
Q4 20161$0.12$0.12$0.12
(Data provided by Zacks Investment Research)


Dividend History for Fortinet (NASDAQ:FTNT)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading History for Fortinet (NASDAQ:FTNT)
Insider Ownership Percentage: 16.40%
Institutional Ownership Percentage: 70.65%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016John WhittleVPSell834$36.70$30,607.80View SEC Filing  
9/1/2016Matto Andrew H DelCFOSell3,250$36.29$117,942.50View SEC Filing  
8/23/2016Keith JensenInsiderSell900$35.47$31,923.00View SEC Filing  
8/22/2016Ming HsiehDirectorSell23,900$34.84$832,676.00View SEC Filing  
8/16/2016John WhittleVPSell13,833$34.85$482,080.05View SEC Filing  
8/16/2016Matto Andrew H. DelCFOSell1,500$35.00$52,500.00View SEC Filing  
8/15/2016John WhittleVPSell983$32.86$32,301.38View SEC Filing  
8/8/2016Keith JensenInsiderSell1,900$33.53$63,707.00View SEC Filing  
8/2/2016Christopher B PaisleyDirectorSell6,000$34.07$204,420.00View SEC Filing  
8/2/2016John WhittleVPSell15,007$34.91$523,894.37View SEC Filing  
8/2/2016Matto Andrew H DelCFOSell5,500$34.07$187,385.00View SEC Filing  
8/1/2016John WhittleVPSell13,663$35.00$478,205.00View SEC Filing  
6/1/2016Matto Andrew H DelCFOSell2,750$34.23$94,132.50View SEC Filing  
5/6/2016Keith JensenCAOSell1,100$31.60$34,760.00View SEC Filing  
5/2/2016John WhittleVPSell1,435$32.48$46,608.80View SEC Filing  
5/2/2016Matto Andrew H DelCFOSell6,250$32.06$200,375.00View SEC Filing  
3/22/2016John WhittleVPSell1,779$30.00$53,370.00View SEC Filing  
3/1/2016Matto Andrew H DelCFOSell2,250$28.94$65,115.00View SEC Filing  
2/16/2016Christopher B. PaisleyDirectorSell6,000$24.70$148,200.00View SEC Filing  
2/16/2016Keith JensenCAOSell200$24.58$4,916.00View SEC Filing  
2/8/2016Keith JensenCAOSell1,400$24.16$33,824.00View SEC Filing  
2/2/2016Matto Andrew H. DelCFOSell4,500$27.45$123,525.00View SEC Filing  
2/2/2016Michael XieVPSell7,670$27.45$210,541.50View SEC Filing  
12/1/2015Matto Andrew H DelCFOSell3,250$35.91$116,707.50View SEC Filing  
11/16/2015Christopher B. PaisleyDirectorSell6,000$33.05$198,300.00View SEC Filing  
11/3/2015John WhittleVPSell2,538$34.85$88,449.30View SEC Filing  
11/3/2015Matto Andrew H. DelCFOSell3,250$34.64$112,580.00View SEC Filing  
11/2/2015Michael XieVPSell2,887$34.78$100,409.86View SEC Filing  
10/27/2015Matto Andrew H DelCFOSell3,250$34.50$112,125.00View SEC Filing  
9/1/2015Matto Andrew H DelCFOSell3,250$41.32$134,290.00View SEC Filing  
8/28/2015Hong Liang LuDirectorSell15,000$42.69$640,350.00View SEC Filing  
8/14/2015Christopher B PaisleyDirectorSell6,000$46.28$277,680.00View SEC Filing  
6/3/2015Michael XieVPSell55,000$40.05$2,202,750.00View SEC Filing  
6/2/2015Ken XieCEOSell90,000$39.81$3,582,900.00View SEC Filing  
6/1/2015Matto Andrew H DelCFOSell3,250$40.14$130,455.00View SEC Filing  
5/15/2015Christopher B PaisleyDirectorSell6,000$38.76$232,560.00View SEC Filing  
5/6/2015Michael XieVPSell72,233$37.69$2,722,461.77View SEC Filing  
5/4/2015John WhittleVPSell34,943$38.36$1,340,413.48View SEC Filing  
4/23/2015Matto Andrew H DelCFOSell3,250$38.05$123,662.50View SEC Filing  
4/1/2015Michael XieVPSell30,000$33.99$1,019,700.00View SEC Filing  
3/4/2015Michael XieVPSell30,000$33.72$1,011,600.00View SEC Filing  
2/24/2015Hong Liang LuDirectorSell25,000$33.67$841,750.00View SEC Filing  
2/4/2015Michael XieVPSell30,000$30.92$927,600.00View SEC Filing  
2/3/2015John WhittleVPSell1,776$30.11$53,475.36View SEC Filing  
2/3/2015Ken XieCEOSell30,000$30.33$909,900.00View SEC Filing  
12/3/2014Ken XieCEOSell28,977$27.50$796,867.50View SEC Filing  
12/3/2014Michael XieVPSell50,000$27.42$1,371,000.00View SEC Filing  
12/2/2014Ken XieCEOSell24,834$27.50$682,935.00View SEC Filing  
12/2/2014Michael XieVPSell25,000$27.42$685,500.00View SEC Filing  
11/5/2014Michael XieVPSell25,000$26.48$662,000.00View SEC Filing  
11/4/2014John WhittleVPSell1,501$26.41$39,641.41View SEC Filing  
11/3/2014Christopher B PaisleyDirectorSell10,000$26.28$262,800.00View SEC Filing  
10/8/2014Michael XieVPSell31,600$24.84$784,944.00View SEC Filing  
10/7/2014Michael XieVPSell9,100$25.02$227,682.00View SEC Filing  
9/10/2014Michael XieVPSell70,000$26.23$1,836,100.00View SEC Filing  
8/12/2014Michael XieVPSell20,000$24.99$499,800.00View SEC Filing  
8/7/2014John WhittleVPSell1,755$25.00$43,875.00View SEC Filing  
8/4/2014Michael XieVPSell2,210$24.05$53,150.50View SEC Filing  
8/1/2014Christopher B PaisleyDirectorSell10,000$24.27$242,700.00View SEC Filing  
7/29/2014Michael XieVPSell20,000$25.24$504,800.00View SEC Filing  
6/30/2014John WhittleVPSell21,032$25.00$525,800.00View SEC Filing  
5/2/2014Michael XieVPSell2,209$21.98$48,553.82View SEC Filing  
5/1/2014Christopher PaisleyDirectorSell10,000$22.01$220,100.00View SEC Filing  
2/4/2014Michael XieVPSell6,762$20.58$139,161.96View SEC Filing  
2/3/2014Christopher PaisleyDirectorSell10,000$20.78$207,800.00View SEC Filing  
10/28/2013Michael XieVPSell2,600$20.05$52,130.00View SEC Filing  
8/1/2013Christopher PaisleyDirectorSell20,000$21.45$429,000.00View SEC Filing  
2/26/2013John WhittleVPSell14,584$25.00$364,600.00View SEC Filing  
8/10/2012John WhittleVPSell1,042$24.54$25,570.68View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Fortinet (NASDAQ:FTNT)
News IconFortinet Inc. (NASDAQ:FTNT) earnings expectations - The Independent Republic (NASDAQ:FTNT) - September 28 at 10:01 AM
News IconChart Mover of the Day: Traders Are Bullish Fortinet Inc After The Stock Formed Bullish Multiple Top - Chester News (NASDAQ:FTNT) - September 28 at 10:01 AM logoIndustry Leading Technology Partners Adopt Fortinet’s Open Security Fabric (NASDAQ:FTNT) - September 26 at 9:48 AM logoIndustry Leading Technology Partners Adopt Fortinet's Open Security Fabric (NASDAQ:FTNT) - September 26 at 9:48 AM
News IconFortinet Given Buy Rating at Nomura (FTNT) - Petro Global News 24 (NASDAQ:FTNT) - September 23 at 4:51 PM
News IconAnalysts Valuations For Two Stocks: Fortinet (NASDAQ:FTNT), HD Supply (NASDAQ:HDS) - The Voice Registrar (NASDAQ:FTNT) - September 23 at 4:51 PM
News IconTop Earnings to Watch for: Fortinet Inc. (NASDAQ:FTNT) | Voice ... - The Voice Registrar (NASDAQ:FTNT) - September 23 at 4:51 PM logoEXCLUSIVE - Probe of leaked U.S. NSA hacking tools examines operative's 'mistake' (NASDAQ:FTNT) - September 22 at 5:12 PM logoLeading Analyst Firm Data Once Again Identifies Fortinet as Network Security Market Leader (NASDAQ:FTNT) - September 21 at 9:21 AM
News IconStock Update on Earnings & Estimates for Fortinet, Inc. (NASDAQ:FTNT) - Frisco Fastball (NASDAQ:FTNT) - September 19 at 4:04 PM logoFortinet: Still Undervalued - Seeking Alpha (NASDAQ:FTNT) - September 19 at 4:04 PM logoFortinet, Inc. (NASDAQ:FTNT) Mean Price Target At $40.066 - Investor Newswire (NASDAQ:FTNT) - September 18 at 4:53 PM logoResearch Analysts Set Fortinet, Inc. (NASDAQ:FTNT)'s Price Target At $40.066 - (NASDAQ:FTNT) - September 18 at 4:53 PM
News IconFortinet Inc. (FTNT) Now Covered by Analysts at Wunderlich (NASDAQ:FTNT) - September 15 at 8:10 AM logoFortinet Survey Reveals Cybersecurity Strategies of EMEA Enterprises (NASDAQ:FTNT) - September 15 at 8:10 AM
News IconInvestor Focus: Watching Earnings and Target Estimates for Fortinet, Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) - September 14 at 5:13 PM logoResearch Analysts Set Fortinet, Inc. (NASDAQ:FTNT)’s Price Target At $39.6 (NASDAQ:FTNT) - September 14 at 9:21 AM logoResearch Analysts Set Fortinet, Inc. (NASDAQ:FTNT)'s Price Target At $39.6 - (NASDAQ:FTNT) - September 13 at 9:57 AM logoInvestor's Alert: Nova Lifestyle, Inc. (NVFY), Fortinet Inc. (FTNT), Omega Healthcare Investors Inc. (OHI) - iStreetWire (NASDAQ:FTNT) - September 8 at 5:01 PM
News IconTop Earnings to Watch for: Fortinet Inc. (NASDAQ:FTNT) - The Voice Registrar (NASDAQ:FTNT) - September 7 at 8:29 AM logoBetter Buy: FireEye Inc vs. Fortinet (NASDAQ:FTNT) - September 6 at 9:21 PM
News IconApplication Software Stocks Under Scanner -- Allscripts Healthcare Solutions, Splunk, Workday, and Fortinet (NASDAQ:FTNT) - September 6 at 9:54 AM logoFortinet Recognized in Visionaries Quadrant of Gartner’s Latest the Wired and Wireless LAN Access Infrastructure Report (NASDAQ:FTNT) - September 6 at 9:54 AM logoFortinet Recognized in Visionaries Quadrant of Gartner's Latest the Wired and Wireless LAN Access Infrastructure Report (NASDAQ:FTNT) - September 6 at 9:54 AM logoPrice Target For Fortinet, Inc. (NASDAQ:FTNT) Set At $39.6 By Research Analysts - (NASDAQ:FTNT) - September 5 at 9:39 AM
News IconAnalysts Valuations For Two Stocks: Fortinet Inc (NASDAQ:FTNT ... - The Voice Registrar (NASDAQ:FTNT) - September 5 at 9:39 AM logoPrice Target For Fortinet, Inc. (NASDAQ:FTNT) Set At $39.6 By Research Analysts (NASDAQ:FTNT) - September 4 at 4:44 PM logoPalo Alto Has Healthy Growth, Continues to Post Losses (NASDAQ:FTNT) - September 1 at 4:59 PM logoCybersecurity Is Not Chart Security; Fortinet Rally Is Ready to Stall (NASDAQ:FTNT) - September 1 at 5:02 AM
News IconActive Tech Stock News: Allscripts Healthcare Solutions, Inc. (MDRX ... - The Independent Republic (NASDAQ:FTNT) - August 31 at 5:58 PM
News IconWhat Analysts Have to Say About Fortinet Inc (NASDAQ:FTNT)? - Post Registrar (NASDAQ:FTNT) - August 31 at 5:58 PM logoFortinet Upgraded At Pacific Crest On Potential Benefit From Profitability Initiatives (NASDAQ:FTNT) - August 30 at 5:11 PM
News IconStock Up Over the Past Five Trading Days: Fortinet Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) - August 30 at 8:12 AM
News IconFortinet Inc (NASDAQ:FTNT), Ingersoll-Rand PLC(NYSE:IR), Michaels Companies Inc (NASDAQ:MIK) - NYSE Journal (press release) (NASDAQ:FTNT) - August 30 at 8:12 AM logoFortinet Launches Industry's First Universal Wireless Access Points (NASDAQ:FTNT) - August 29 at 5:01 PM logoAnalysts Estimate Fortinet, Inc. (NASDAQ:FTNT) Will Achieve An ... - (NASDAQ:FTNT) - August 29 at 9:44 AM logoFortinet, Inc. (NASDAQ:FTNT) Gets 0 Recommendations To Sell - Investor Newswire (NASDAQ:FTNT) - August 26 at 4:58 PM logoFortinet : to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) - August 25 at 10:08 AM logoFortinet to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) - August 25 at 10:08 AM logoMedia Advisory: Fortinet to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) - August 25 at 10:08 AM
News IconStock Trading Above Moving Averages: Fortinet Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) - August 22 at 5:11 PM
News IconRoss Stores, Inc. (NASDAQ:ROST) & Fortinet Inc (NASDAQ:FTNT) Active Stock's Momentum - Money News (press release) (NASDAQ:FTNT) - August 19 at 5:02 PM logoThree Movers to Watch for: Fortinet Inc. (FTNT), Express Scripts Holding Company (ESRX), CBRE Group, Inc. (CBG) - iStreetWire (NASDAQ:FTNT) - August 19 at 8:03 AM logoWill Fortinet, Inc. (NASDAQ:FTNT) Hit $50 Price Target? - Investor Newswire (NASDAQ:FTNT) - August 19 at 8:03 AM logoGovernment of Canada Selects Fortinet to Secure Its Information Technology Infrastructure (NASDAQ:FTNT) - August 18 at 5:08 PM logoStocks in Review: Fortinet Inc. (FTNT), Wynn Resorts Ltd. (WYNN), PBF Energy Inc. (PBF) - iStreetWire (NASDAQ:FTNT) - August 18 at 8:05 AM logo[$$] Security Experts Say NSA-Linked Hacking Effort Was Itself Compromised (NASDAQ:FTNT) - August 18 at 8:05 AM logo[$$] Security Experts Say NSA-Linked Hacking Effort Was Compromised (NASDAQ:FTNT) - August 17 at 5:22 PM logoStocks in Review: Fortinet Inc. (FTNT), Synergy Resources Corporation (SYRG), Novavax, Inc. (NVAX) - iStreetWire (NASDAQ:FTNT) - August 17 at 8:09 AM
News IconGroup Claims to Have U.S. Government Hacking Tools for Sale (NASDAQ:FTNT) - August 16 at 5:16 PM


Fortinet (NASDAQ:FTNT) Chart for Thursday, September, 29, 2016

Last Updated on 9/29/2016 by Staff