Fortinet Company Profile (NASDAQ:FTNT)

About Fortinet

Fortinet, 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

Profitability:

Net Margins: 0.07%
Return on Equity: 0.68%
Return on Assets: 0.29%

Debt:

Current Ratio: 1.85%
Quick Ratio: 1.74%

Additional Links:

Companies Related to Fortinet:

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)

Show:

Date	Firm	Action	Rating	Price Target
9/25/2016	Wells Fargo & Co.	Reiterated Rating	Buy
9/20/2016	Oppenheimer Holdings Inc.	Reiterated Rating	Outperform	$45.00
9/13/2016	Wunderlich	Initiated Coverage	Buy	$42.00 -> $45.00
8/30/2016	Pacific Crest	Upgrade	Sector Weight -> Overweight	$47.00
7/29/2016	Citigroup Inc.	Lower Price Target	Neutral	$37.00 -> $35.00
6/8/2016	JPMorgan Chase & Co.	Reiterated Rating	Buy
6/8/2016	Bank of America Corp.	Reiterated Rating	Buy	$37.00 -> $40.00
6/1/2016	Barclays PLC	Lower Price Target	Overweight	$46.00 -> $42.00
4/27/2016	Morgan Stanley	Reiterated Rating	Hold
4/27/2016	Dougherty & Co	Boost Price Target	Buy	$38.00 -> $40.00
4/27/2016	Piper Jaffray Cos.	Reiterated Rating	Neutral	$30.00 -> $33.00
4/27/2016	Stifel Nicolaus	Downgrade	Buy -> Hold
4/27/2016	FBR & Co	Reiterated Rating	Outperform	$35.00 -> $41.00
4/26/2016	Royal Bank Of Canada	Boost Price Target	Sector Perform	$32.00 -> $35.00
4/14/2016	Evercore ISI	Initiated Coverage	Hold	$30.00
3/31/2016	Cowen and Company	Upgrade	Market Perform -> Outperform	$37.00
3/21/2016	Goldman Sachs Group Inc.	Initiated Coverage	Conviction-Buy	$39.00
2/1/2016	Northland Securities	Initiated Coverage	Outperform	$35.00
1/29/2016	Raymond James Financial Inc.	Lower Price Target	Outperform	$49.00 -> $39.00
1/29/2016	JMP Securities	Lower Price Target	Market Outperform	$55.00 -> $40.00
1/29/2016	Topeka Capital Markets	Lower Price Target	Hold	$40.00 -> $35.00
1/29/2016	Needham & Company LLC	Downgrade	Strong-Buy -> Buy	$43.00
1/26/2016	Deutsche Bank AG	Downgrade	Buy -> Hold	$49.00 -> $34.00
12/15/2015	Buckingham Research	Reiterated Rating	Buy
10/25/2015	Nomura	Reiterated Rating	Buy	$55.00
10/13/2015	Gabelli	Reiterated Rating	Buy
7/23/2015	FBN Securities	Reiterated Rating	Buy	$45.00 -> $60.00
7/23/2015	Robert W. Baird	Boost Price Target	Neutral	$46.00 -> $50.00
6/1/2015	Guggenheim	Initiated Coverage	Neutral
4/21/2015	Macquarie	Boost Price Target	Neutral	$34.00 -> $39.00

(Data available from 9/29/2014 forward)

Earnings History for Fortinet (NASDAQ:FTNT)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
10/20/2016
7/28/2016	Q216	$0.14	$0.14	$304.71 million	$311.40 million	View	Listen
4/26/2016	Q116	$0.09	$0.12	$273.46 million	$284.60 million	View	Listen
1/28/2016	Q415	$0.18	$0.18	$296.28 million	$296.50 million	View	Listen
10/22/2015	Q315	$0.12	$0.14	$258.72 million	$260.10 million	View	Listen
7/22/2015	Q215	$0.09	$0.11	$227.61 million	$239.80 million	View	Listen
4/20/2015	Q115	$0.06	$0.08		$212.90 million	View	Listen
1/28/2015	Q414	$0.14	$0.14	$210.77 million	$224.00 million	View	Listen
10/22/2014	Q3	$0.11	$0.12	$184.90 million	$193.30 million	View	Listen
7/23/2014	Q214	$0.10	$0.11	$171.58 million	$184.10 million	View	N/A
4/23/2014	Q114	$0.09	$0.11	$157.96 million	$168.90 million	View	Listen
1/29/2014	Q413	$0.14	$0.15	$165.97 million	$177.40 million	View	Listen
10/23/2013	Q313	$0.11	$0.12	$151.00 million	$154.70 million	View	N/A
7/30/2013	Q2 2013	$0.10	$0.10	$142.63 million	$147.40 million	View	N/A
4/30/2013	Q1 2013	$0.10	$0.10	$135.12 million	$135.80 million	View	N/A
1/30/2013	Q4 2012	$0.15	$0.17	$144.28 million	$151.16 million	View	N/A
10/16/2012		$0.14	$0.14			View	N/A
7/25/2012		$0.12	$0.12			View	N/A
1/31/2012		$0.12	$0.14			View	N/A
10/24/2011		$0.09	$0.13			View	N/A
7/19/2011		$0.08	$0.09			View	N/A
4/27/2011		$0.14	$0.17			View	N/A
1/25/2011		$0.14	$0.22			View	N/A

(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

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q2 2016	1	$0.02	$0.02	$0.02
Q3 2016	1	$0.05	$0.05	$0.05
Q4 2016	1	$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 MarketBeat.com

Insider Trading History for Fortinet (NASDAQ:FTNT)

Insider Ownership Percentage: 16.40%
Institutional Ownership Percentage: 70.65%

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
9/1/2016	John Whittle	VP	Sell	834	$36.70	$30,607.80
9/1/2016	Matto Andrew H Del	CFO	Sell	3,250	$36.29	$117,942.50
8/23/2016	Keith Jensen	Insider	Sell	900	$35.47	$31,923.00
8/22/2016	Ming Hsieh	Director	Sell	23,900	$34.84	$832,676.00
8/16/2016	John Whittle	VP	Sell	13,833	$34.85	$482,080.05
8/16/2016	Matto Andrew H. Del	CFO	Sell	1,500	$35.00	$52,500.00
8/15/2016	John Whittle	VP	Sell	983	$32.86	$32,301.38
8/8/2016	Keith Jensen	Insider	Sell	1,900	$33.53	$63,707.00
8/2/2016	Christopher B Paisley	Director	Sell	6,000	$34.07	$204,420.00
8/2/2016	John Whittle	VP	Sell	15,007	$34.91	$523,894.37
8/2/2016	Matto Andrew H Del	CFO	Sell	5,500	$34.07	$187,385.00
8/1/2016	John Whittle	VP	Sell	13,663	$35.00	$478,205.00
6/1/2016	Matto Andrew H Del	CFO	Sell	2,750	$34.23	$94,132.50
5/6/2016	Keith Jensen	CAO	Sell	1,100	$31.60	$34,760.00
5/2/2016	John Whittle	VP	Sell	1,435	$32.48	$46,608.80
5/2/2016	Matto Andrew H Del	CFO	Sell	6,250	$32.06	$200,375.00
3/22/2016	John Whittle	VP	Sell	1,779	$30.00	$53,370.00
3/1/2016	Matto Andrew H Del	CFO	Sell	2,250	$28.94	$65,115.00
2/16/2016	Christopher B. Paisley	Director	Sell	6,000	$24.70	$148,200.00
2/16/2016	Keith Jensen	CAO	Sell	200	$24.58	$4,916.00
2/8/2016	Keith Jensen	CAO	Sell	1,400	$24.16	$33,824.00
2/2/2016	Matto Andrew H. Del	CFO	Sell	4,500	$27.45	$123,525.00
2/2/2016	Michael Xie	VP	Sell	7,670	$27.45	$210,541.50
12/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$35.91	$116,707.50
11/16/2015	Christopher B. Paisley	Director	Sell	6,000	$33.05	$198,300.00
11/3/2015	John Whittle	VP	Sell	2,538	$34.85	$88,449.30
11/3/2015	Matto Andrew H. Del	CFO	Sell	3,250	$34.64	$112,580.00
11/2/2015	Michael Xie	VP	Sell	2,887	$34.78	$100,409.86
10/27/2015	Matto Andrew H Del	CFO	Sell	3,250	$34.50	$112,125.00
9/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$41.32	$134,290.00
8/28/2015	Hong Liang Lu	Director	Sell	15,000	$42.69	$640,350.00
8/14/2015	Christopher B Paisley	Director	Sell	6,000	$46.28	$277,680.00
6/3/2015	Michael Xie	VP	Sell	55,000	$40.05	$2,202,750.00
6/2/2015	Ken Xie	CEO	Sell	90,000	$39.81	$3,582,900.00
6/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$40.14	$130,455.00
5/15/2015	Christopher B Paisley	Director	Sell	6,000	$38.76	$232,560.00
5/6/2015	Michael Xie	VP	Sell	72,233	$37.69	$2,722,461.77
5/4/2015	John Whittle	VP	Sell	34,943	$38.36	$1,340,413.48
4/23/2015	Matto Andrew H Del	CFO	Sell	3,250	$38.05	$123,662.50
4/1/2015	Michael Xie	VP	Sell	30,000	$33.99	$1,019,700.00
3/4/2015	Michael Xie	VP	Sell	30,000	$33.72	$1,011,600.00
2/24/2015	Hong Liang Lu	Director	Sell	25,000	$33.67	$841,750.00
2/4/2015	Michael Xie	VP	Sell	30,000	$30.92	$927,600.00
2/3/2015	John Whittle	VP	Sell	1,776	$30.11	$53,475.36
2/3/2015	Ken Xie	CEO	Sell	30,000	$30.33	$909,900.00
12/3/2014	Ken Xie	CEO	Sell	28,977	$27.50	$796,867.50
12/3/2014	Michael Xie	VP	Sell	50,000	$27.42	$1,371,000.00
12/2/2014	Ken Xie	CEO	Sell	24,834	$27.50	$682,935.00
12/2/2014	Michael Xie	VP	Sell	25,000	$27.42	$685,500.00
11/5/2014	Michael Xie	VP	Sell	25,000	$26.48	$662,000.00
11/4/2014	John Whittle	VP	Sell	1,501	$26.41	$39,641.41
11/3/2014	Christopher B Paisley	Director	Sell	10,000	$26.28	$262,800.00
10/8/2014	Michael Xie	VP	Sell	31,600	$24.84	$784,944.00
10/7/2014	Michael Xie	VP	Sell	9,100	$25.02	$227,682.00
9/10/2014	Michael Xie	VP	Sell	70,000	$26.23	$1,836,100.00
8/12/2014	Michael Xie	VP	Sell	20,000	$24.99	$499,800.00
8/7/2014	John Whittle	VP	Sell	1,755	$25.00	$43,875.00
8/4/2014	Michael Xie	VP	Sell	2,210	$24.05	$53,150.50
8/1/2014	Christopher B Paisley	Director	Sell	10,000	$24.27	$242,700.00
7/29/2014	Michael Xie	VP	Sell	20,000	$25.24	$504,800.00
6/30/2014	John Whittle	VP	Sell	21,032	$25.00	$525,800.00
5/2/2014	Michael Xie	VP	Sell	2,209	$21.98	$48,553.82
5/1/2014	Christopher Paisley	Director	Sell	10,000	$22.01	$220,100.00
2/4/2014	Michael Xie	VP	Sell	6,762	$20.58	$139,161.96
2/3/2014	Christopher Paisley	Director	Sell	10,000	$20.78	$207,800.00
10/28/2013	Michael Xie	VP	Sell	2,600	$20.05	$52,130.00
8/1/2013	Christopher Paisley	Director	Sell	20,000	$21.45	$429,000.00
2/26/2013	John Whittle	VP	Sell	14,584	$25.00	$364,600.00
8/10/2012	John Whittle	VP	Sell	1,042	$24.54	$25,570.68

(Data available from 1/1/2013 forward)

Latest Headlines for Fortinet (NASDAQ:FTNT)

Date	Headline
	Fortinet Inc. (NASDAQ:FTNT) earnings expectations - The Independent Republic (NASDAQ:FTNT) theindependentrepublic.com - September 28 at 10:01 AM
	Chart Mover of the Day: Traders Are Bullish Fortinet Inc After The Stock Formed Bullish Multiple Top - Chester News (NASDAQ:FTNT) www.chesterindependent.com - September 28 at 10:01 AM
	Industry Leading Technology Partners Adopt Fortinet’s Open Security Fabric (NASDAQ:FTNT) www.publicnow.com - September 26 at 9:48 AM
	Industry Leading Technology Partners Adopt Fortinet's Open Security Fabric (NASDAQ:FTNT) www.publicnow.com - September 26 at 9:48 AM
	Fortinet Given Buy Rating at Nomura (FTNT) - Petro Global News 24 (NASDAQ:FTNT) petroglobalnews24.com - September 23 at 4:51 PM
	Analysts Valuations For Two Stocks: Fortinet (NASDAQ:FTNT), HD Supply (NASDAQ:HDS) - The Voice Registrar (NASDAQ:FTNT) voiceregistrar.com - September 23 at 4:51 PM
	Top Earnings to Watch for: Fortinet Inc. (NASDAQ:FTNT) \| Voice ... - The Voice Registrar (NASDAQ:FTNT) voiceregistrar.com - September 23 at 4:51 PM
	EXCLUSIVE - Probe of leaked U.S. NSA hacking tools examines operative's 'mistake' (NASDAQ:FTNT) sg.finance.yahoo.com - September 22 at 5:12 PM
	Leading Analyst Firm Data Once Again Identifies Fortinet as Network Security Market Leader (NASDAQ:FTNT) www.publicnow.com - September 21 at 9:21 AM
	Stock Update on Earnings & Estimates for Fortinet, Inc. (NASDAQ:FTNT) - Frisco Fastball (NASDAQ:FTNT) friscofastball.com - September 19 at 4:04 PM
	Fortinet: Still Undervalued - Seeking Alpha (NASDAQ:FTNT) seekingalpha.com - September 19 at 4:04 PM
	Fortinet, Inc. (NASDAQ:FTNT) Mean Price Target At $40.066 - Investor Newswire (NASDAQ:FTNT) www.investornewswire.com - September 18 at 4:53 PM
	Research Analysts Set Fortinet, Inc. (NASDAQ:FTNT)'s Price Target At $40.066 - RealistInvestor.com (NASDAQ:FTNT) www.realistinvestor.com - September 18 at 4:53 PM
	Fortinet Inc. (FTNT) Now Covered by Analysts at Wunderlich (NASDAQ:FTNT) www.nationaldailypress.com - September 15 at 8:10 AM
	Fortinet Survey Reveals Cybersecurity Strategies of EMEA Enterprises (NASDAQ:FTNT) www.publicnow.com - September 15 at 8:10 AM
	Investor Focus: Watching Earnings and Target Estimates for Fortinet, Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) www.kentuckypostnews.com - September 14 at 5:13 PM
	Research Analysts Set Fortinet, Inc. (NASDAQ:FTNT)’s Price Target At $39.6 (NASDAQ:FTNT) www.realistinvestor.com - September 14 at 9:21 AM
	Research Analysts Set Fortinet, Inc. (NASDAQ:FTNT)'s Price Target At $39.6 - RealistInvestor.com (NASDAQ:FTNT) www.realistinvestor.com - September 13 at 9:57 AM
	Investor's Alert: Nova Lifestyle, Inc. (NVFY), Fortinet Inc. (FTNT), Omega Healthcare Investors Inc. (OHI) - iStreetWire (NASDAQ:FTNT) istreetwire.com - September 8 at 5:01 PM
	Top Earnings to Watch for: Fortinet Inc. (NASDAQ:FTNT) - The Voice Registrar (NASDAQ:FTNT) voiceregistrar.com - September 7 at 8:29 AM
	Better Buy: FireEye Inc vs. Fortinet (NASDAQ:FTNT) www.fool.com - September 6 at 9:21 PM
	Application Software Stocks Under Scanner -- Allscripts Healthcare Solutions, Splunk, Workday, and Fortinet (NASDAQ:FTNT) www.forwardgeek.com - September 6 at 9:54 AM
	Fortinet Recognized in Visionaries Quadrant of Gartner’s Latest the Wired and Wireless LAN Access Infrastructure Report (NASDAQ:FTNT) www.publicnow.com - September 6 at 9:54 AM
	Fortinet Recognized in Visionaries Quadrant of Gartner's Latest the Wired and Wireless LAN Access Infrastructure Report (NASDAQ:FTNT) www.publicnow.com - September 6 at 9:54 AM
	Price Target For Fortinet, Inc. (NASDAQ:FTNT) Set At $39.6 By Research Analysts - RealistInvestor.com (NASDAQ:FTNT) www.realistinvestor.com - September 5 at 9:39 AM
	Analysts Valuations For Two Stocks: Fortinet Inc (NASDAQ:FTNT ... - The Voice Registrar (NASDAQ:FTNT) voiceregistrar.com - September 5 at 9:39 AM
	Price Target For Fortinet, Inc. (NASDAQ:FTNT) Set At $39.6 By Research Analysts (NASDAQ:FTNT) www.realistinvestor.com - September 4 at 4:44 PM
	Palo Alto Has Healthy Growth, Continues to Post Losses (NASDAQ:FTNT) marketrealist.com - September 1 at 4:59 PM
	Cybersecurity Is Not Chart Security; Fortinet Rally Is Ready to Stall (NASDAQ:FTNT) realmoney.thestreet.com - September 1 at 5:02 AM
	Active Tech Stock News: Allscripts Healthcare Solutions, Inc. (MDRX ... - The Independent Republic (NASDAQ:FTNT) theindependentrepublic.com - August 31 at 5:58 PM
	What Analysts Have to Say About Fortinet Inc (NASDAQ:FTNT)? - Post Registrar (NASDAQ:FTNT) postregistrar.com - August 31 at 5:58 PM
	Fortinet Upgraded At Pacific Crest On Potential Benefit From Profitability Initiatives (NASDAQ:FTNT) www.benzinga.com - August 30 at 5:11 PM
	Stock Up Over the Past Five Trading Days: Fortinet Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) www.kentuckypostnews.com - August 30 at 8:12 AM
	Fortinet Inc (NASDAQ:FTNT), Ingersoll-Rand PLC(NYSE:IR), Michaels Companies Inc (NASDAQ:MIK) - NYSE Journal (press release) (NASDAQ:FTNT) stockznews.com - August 30 at 8:12 AM
	Fortinet Launches Industry's First Universal Wireless Access Points (NASDAQ:FTNT) finance.yahoo.com - August 29 at 5:01 PM
	Analysts Estimate Fortinet, Inc. (NASDAQ:FTNT) Will Achieve An ... - RealistInvestor.com (NASDAQ:FTNT) www.realistinvestor.com - August 29 at 9:44 AM
	Fortinet, Inc. (NASDAQ:FTNT) Gets 0 Recommendations To Sell - Investor Newswire (NASDAQ:FTNT) www.investornewswire.com - August 26 at 4:58 PM
	Fortinet : to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) www.4-traders.com - August 25 at 10:08 AM
	Fortinet to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) www.publicnow.com - August 25 at 10:08 AM
	Media Advisory: Fortinet to Demonstrate Advanced Security at Scale for VMware Integrated OpenStack Clouds at VMworld 2016 (NASDAQ:FTNT) www.publicnow.com - August 25 at 10:08 AM
	Stock Trading Above Moving Averages: Fortinet Inc. (NASDAQ:FTNT) - Post News (NASDAQ:FTNT) www.kentuckypostnews.com - August 22 at 5:11 PM
	Ross Stores, Inc. (NASDAQ:ROST) & Fortinet Inc (NASDAQ:FTNT) Active Stock's Momentum - Money News (press release) (NASDAQ:FTNT) www.newsismoney.com - August 19 at 5:02 PM
	Three Movers to Watch for: Fortinet Inc. (FTNT), Express Scripts Holding Company (ESRX), CBRE Group, Inc. (CBG) - iStreetWire (NASDAQ:FTNT) istreetwire.com - August 19 at 8:03 AM
	Will Fortinet, Inc. (NASDAQ:FTNT) Hit $50 Price Target? - Investor Newswire (NASDAQ:FTNT) www.investornewswire.com - August 19 at 8:03 AM
	Government of Canada Selects Fortinet to Secure Its Information Technology Infrastructure (NASDAQ:FTNT) www.publicnow.com - August 18 at 5:08 PM
	Stocks in Review: Fortinet Inc. (FTNT), Wynn Resorts Ltd. (WYNN), PBF Energy Inc. (PBF) - iStreetWire (NASDAQ:FTNT) istreetwire.com - August 18 at 8:05 AM
	[$$] Security Experts Say NSA-Linked Hacking Effort Was Itself Compromised (NASDAQ:FTNT) www.wsj.com - August 18 at 8:05 AM
	[$$] Security Experts Say NSA-Linked Hacking Effort Was Compromised (NASDAQ:FTNT) www.wsj.com - August 17 at 5:22 PM
	Stocks in Review: Fortinet Inc. (FTNT), Synergy Resources Corporation (SYRG), Novavax, Inc. (NVAX) - iStreetWire (NASDAQ:FTNT) istreetwire.com - August 17 at 8:09 AM
	Group Claims to Have U.S. Government Hacking Tools for Sale (NASDAQ:FTNT) ih.advfn.com - August 16 at 5:16 PM