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
- Previous Close: $37.38
- 50 Day Moving Average: $34.25
- 200 Day Moving Average: $33.17
- 52-Week Range: $26.07 - $38.33
- Trailing P/E Ratio: 206.89
- Foreward P/E Ratio: 34.80
- P/E Growth: 1.97
- Market Cap: $6.45B
- Outstanding Shares: 173,315,000
- Beta: 1.28
- Net Margins: 2.09%
- Return on Equity: 4.74%
- Return on Assets: 1.92%
Companies Related to Fortinet:
- Current Ratio: 1.86%
- Quick Ratio: 1.73%
What is Fortinet's stock symbol?
Fortinet trades on the NASDAQ under the ticker symbol "FTNT."
Where is Fortinet's stock going? Where will Fortinet's stock price be in 2017?
28 brokerages have issued 12-month price objectives for Fortinet's stock. Their forecasts range from $30.00 to $47.00. On average, they expect Fortinet's stock price to reach $37.61 in the next year.
When will Fortinet announce their earnings?
Fortinet is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.
What are analysts saying about Fortinet stock?
Here are some recent quotes from research analysts about Fortinet stock:
According to Zacks Investment Research, "Fortinet reported better-than-expected fourth-quarter 2016 results, wherein both the top and the bottom line outpaced the respective Zacks Consensus Estimate. The year over year comparisons were also favorable on both the counts. Furthermore, the company provided an encouraging outlook for the first quarter of 2017and the full year. Despite persistent macro uncertainties, management seems to be positive on the back of a healthy network security market, solid product line-up and investment plans. Going ahead, we believe that the company’s strategy of focusing on selling subscription-based services will enable it to generate more stable revenues and help in expanding margins. Furthermore, acquisitions are a major positive for Fortinet as these help it to strengthen its product portfolio and capabilities, thereby boosting its top-line performance. Notably, Fortinet has outperformed the broader market on YTD basis." (2/7/2017)
Robert W. Baird analysts commented, "We would look to get more constructive on FTNT if the cybersecurity industry remains favorable and the company can firmly establish a consistent enterprise go-to-market." (2/3/2017)
Pacific Crest analysts commented, "A shift in focus to increasing profitability, a unified platform solution coming of age at the right time, and a go-to-market strategy that accentuates the company's comparative advantage leave us increasingly confident on Fortinet's ability to benefit from market dynamics," analyst Rob Owens wrote in a note.Further, Fortinet is improving its profitability profile with meaningful expense rationalization on product investments and sales force. Owens sees potential for further margin expansion due to this increased focus on operating efficiency.The brokerage highlighted Fortinet's strategy of sticking to its mid-market approach and believes "the company's breadth of platform continues to resonate well with customers."Related Link: Raytheon's Focus On International Cybersecurity Could Generate Strong Growth"Given the highly competitive nature of the large enterprise market, we see a reduced focus on the enterprise as well-aligned with the economics of the model," (8/30/2016)
Morgan Stanley analysts commented, "Our negative thesis on AIXTRON and the upstream LED supply chain is unchanged, and we believe the situation has the potential to become worse. The company’s narrative has evidently shifted away from a focus on the LED market and toward the possibilities and potential of various power electronics (EV and other next-gen consumer electronics), OLED, silicon semiconductor, and optoelectronics applications. We believe that these adjacent market opportunities represent an anchor to solvency for AIXTRON, but will take a long time to realize meaningful growth or volume orders and cannot return the company back toward near-term profitability on their own. On the positive side, buyout speculation may buoy the stock and a better than expected order intake in Q1 with virtually no LED tool revenue may be interpreted as a bottoming." (4/27/2016)
Who owns Fortinet stock?
Fortinet's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (2.50%), Renaissance Technologies LLC (1.51%), Two Sigma Investments LP (1.21%), Marshall Wace LLP (0.93%), Frontier Capital Management Co. LLC (0.70%) and Fiera Capital Corp (0.68%). Company insiders that own Fortinet stock include Christopher B Paisley, Hong Liang Lu, John Whittle, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie and Ming Hsieh.
Who sold Fortinet stock? Who is selling Fortinet stock?
Fortinet's stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Franklin Resources Inc., Guggenheim Capital LLC, Fiera Capital Corp, State Street Corp, Gabelli Funds LLC, Envestnet Asset Management Inc. and Employees Retirement System of Texas. Company insiders that have sold Fortinet stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie and Ming Hsieh.
Who bought Fortinet stock? Who is buying Fortinet stock?
Fortinet's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Two Sigma Investments LP, Marshall Wace LLP, Tourbillon Capital Partners L.P., Highland Capital Management LP, Asset Management One Co. Ltd., Allianz Asset Management AG and AQR Capital Management LLC.
How do I buy Fortinet stock?
Shares of Fortinet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Fortinet stock cost?
One share of Fortinet stock can currently be purchased for approximately $37.24.