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: $37.35
  • 50 Day Moving Average: $35.01
  • 200 Day Moving Average: $33.30
  • 52-Week Range: $27.08 - $38.33
  • Trailing P/E Ratio: 206.00
  • Foreward P/E Ratio: 34.91
  • P/E Growth: 1.97
  • Market Cap: $6.43B
  • Outstanding Shares: 173,315,000
  • Beta: 1.28
  • Net Margins: 2.09%
  • Return on Equity: 4.74%
  • Return on Assets: 1.92%
  • Current Ratio: 1.86%
  • Quick Ratio: 1.73%
Additional Links:
Companies Related to Fortinet:

Analyst Ratings

Consensus Ratings for Fortinet (NASDAQ:FTNT) (?)
Ratings Breakdown: 11 Hold Ratings, 17 Buy Ratings
Consensus Rating:Buy (Score: 2.61)
Consensus Price Target: $37.61 (0.69% upside)

Analysts' Ratings History for Fortinet (NASDAQ:FTNT)
DateFirmActionRatingPrice TargetDetails
2/6/2017Oppenheimer Holdings, Inc.Reiterated RatingMarket Perform$40.00 -> $42.00View Rating Details
2/3/2017RBC Capital MarketsReiterated RatingHold$30.00 -> $35.00View Rating Details
2/3/2017Royal Bank of CanadaBoost Price TargetSector Perform$30.00 -> $35.00View Rating Details
2/3/2017JMP SecuritiesBoost Price TargetOutperform$34.00 -> $41.00View Rating Details
2/3/2017Piper Jaffray CompaniesUpgradeNeutral -> Overweight$43.00View Rating Details
2/3/2017Robert W. BairdReiterated RatingNeutral$34.00 -> $38.00View Rating Details
1/6/2017OTR GlobalDowngradePositiveView Rating Details
1/5/2017BMO Capital MarketsInitiated CoverageMarket Perform$35.00View Rating Details
12/12/2016GabelliReiterated RatingBuyView Rating Details
11/15/2016Morgan StanleyUpgradeEqual Weight -> Overweight$33.00 -> $39.00View Rating Details
10/28/2016Needham & Company LLCLower Price TargetBuy$41.00 -> $36.00View Rating Details
10/21/2016First AnalysisInitiated CoverageEqual -> Equal Weight$32.00View Rating Details
10/15/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
10/13/2016Wells Fargo & CoReiterated RatingOutperform$43.50 -> $37.00View Rating Details
10/12/2016Dougherty & CoLower Price TargetBuy$40.00 -> $35.00View Rating Details
10/12/2016NomuraLower Price TargetBuy$55.00 -> $47.00View Rating Details
10/12/2016Barclays PLCLower Price TargetOverweight$42.00 -> $34.00View Rating Details
10/12/2016Citigroup Inc.Lower Price TargetNeutral$35.00 -> $31.00View Rating Details
10/12/2016WunderlichLower Price TargetBuy$45.00 -> $42.00View Rating Details
10/12/2016StephensDowngradeOverweight -> Equal Weight$43.00 -> $32.00View Rating Details
10/12/2016Goldman Sachs Group IncLower Price TargetConviction-Buy -> Buy$43.00 -> $36.00View Rating Details
8/30/2016Pacific CrestUpgradeSector Weight -> Overweight$47.00View Rating Details
6/8/2016J P Morgan Chase & CoReiterated RatingBuyView Rating Details
6/8/2016Bank of America CorpReiterated RatingBuy$37.00 -> $40.00View Rating Details
4/27/2016Stifel NicolausDowngradeBuy -> HoldView Rating Details
4/27/2016FBR & CoReiterated RatingOutperform$35.00 -> $41.00View Rating Details
4/14/2016Evercore ISIInitiated CoverageHold$30.00View Rating Details
3/31/2016Cowen and CompanyUpgradeMarket Perform -> Outperform$37.00View 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
1/29/2016Topeka Capital MarketsLower Price TargetHold$40.00 -> $35.00View Rating Details
12/15/2015Buckingham ResearchReiterated RatingBuyView Rating Details
7/23/2015FBN SecuritiesReiterated RatingBuy$45.00 -> $60.00View Rating Details
6/1/2015GuggenheimInitiated CoverageNeutralView Rating Details
4/21/2015MacquarieBoost Price TargetNeutral$34.00 -> $39.00View Rating Details
(Data available from 3/1/2015 forward)


Earnings History for Fortinet (NASDAQ:FTNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/2/2017Q4 2016$0.21$0.30$344.59 million$362.80 millionViewListenView Earnings Details
10/27/2016Q3$0.15$0.18$314.33 million$316.60 millionViewListenView Earnings Details
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: $0.89 EPS
Next Year EPS Consensus Estimate: $1.07 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: 68.18%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/21/2017Keith JensenInsiderSell3,482$37.41$130,261.62View SEC Filing  
2/8/2017Keith JensenCAOSell2,250$37.62$84,645.00View SEC Filing  
2/8/2017Ken XieCEOSell25,000$37.59$939,750.00View SEC Filing  
2/7/2017Keith JensenCAOSell1,300$37.97$49,361.00View SEC Filing  
2/7/2017Ken XieCEOSell25,000$37.82$945,500.00View SEC Filing  
2/7/2017Matto Andrew H DelCFOSell8,000$37.97$303,760.00View SEC Filing  
2/3/2017John WhittleVPSell13,135$37.15$487,965.25View SEC Filing  
2/2/2017Michael XieVPSell69,095$33.15$2,290,499.25View SEC Filing  
12/7/2016Ken XieCEOSell50,000$30.38$1,519,000.00View SEC Filing  
12/5/2016Ken XieCEOSell20,000$30.25$605,000.00View SEC Filing  
12/5/2016Matto Andrew H DelCFOSell2,750$29.39$80,822.50View SEC Filing  
11/9/2016Keith JensenInsiderSell1,300$31.34$40,742.00View SEC Filing  
11/8/2016Keith JensenCAOSell350$31.49$11,021.50View SEC Filing  
11/2/2016Matto Andrew H DelCFOSell5,500$31.71$174,405.00View SEC Filing  
11/2/2016Michael XieVPSell3,585$31.77$113,895.45View SEC Filing  
11/1/2016Christopher B PaisleyDirectorSell6,000$31.86$191,160.00View SEC Filing  
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)
DateHeadline logoFortinet Launches New Program for Managed Security Service Providers (NASDAQ:FTNT) - March 1 at 12:23 PM logoShould You Be Watching Fortinet Too? (NASDAQ:FTNT) - March 1 at 12:23 PM logoPalo Alto Networks (PANW) Earnings on Tap: What to Expect? (NASDAQ:FTNT) - February 28 at 8:44 AM
News IconFortinet, Inc. (NASDAQ:FTNT) EPS Estimate At $0.2 - Transcript Daily (NASDAQ:FTNT) - February 26 at 4:51 PM logoMean Rating Of Fortinet, Inc. (NASDAQ:FTNT) At $1.71 - (NASDAQ:FTNT) - February 26 at 4:51 PM
News IconWhy to Keeping Eye on Univar Inc. (UNVR), Fortinet, Inc. (FTNT ... - StockNewsJournal (NASDAQ:FTNT) - February 25 at 4:35 AM
News IconPat Perez rips into Tiger Woods (NASDAQ:FTNT) - February 24 at 6:34 PM
News IconLeidos Holdings, Inc. (NYSE:LDOS) Upward Momentum Touches New Heights (NASDAQ:FTNT) - February 23 at 10:20 PM
News IconKeep in touch with dividend stock: Leidos Holdings, Inc. (LDOS) (NASDAQ:FTNT) - February 23 at 10:20 PM
News IconQuick Review on Trend Indicator Levels: Fortinet Inc (FTNT) - Baldwin Journal (NASDAQ:FTNT) - February 23 at 5:19 PM
News IconStock Price of Fortinet, Inc. (FTNT) Decreases -0.6% - Highland Mirror (NASDAQ:FTNT) - February 23 at 5:19 PM
News IconAnalyst's Proposition on Fortinet, Inc. (FTNT), Leidos Holdings, Inc. (LDOS) - The USA Commerce (NASDAQ:FTNT) - February 23 at 5:19 PM
News IconTraders Secrets on Hudson Pacific Properties, Inc. (HPP), Fortinet, Inc. (FTNT) - StockNewsJournal (NASDAQ:FTNT) - February 20 at 4:53 PM logoHow Cisco’s Security Segment Performed in Fiscal 2Q17 (NASDAQ:FTNT) - February 20 at 4:53 PM
News IconTaking a Look at the Data Behind Fortinet, Inc. (FTNT) - StockNewsJournal (NASDAQ:FTNT) - February 17 at 8:56 AM
News IconToday's Brokerage Rating: Fortinet, Inc. (FTNT), Extended Stay America, Inc. (STAY) - StockNewsJournal (NASDAQ:FTNT) - February 17 at 8:56 AM logoWhy Fortinet (FTNT) Could Be an Impressive Growth Stock (NASDAQ:FTNT) - February 16 at 5:16 PM logoFortinet Unveils Industry-Leading Firewalls (NASDAQ:FTNT) - February 14 at 6:24 PM
News IconAnalytical Guide for Fortinet, Inc. (FTNT), GameStop Corp. (GME) Stakeholders - The USA Commerce (NASDAQ:FTNT) - February 14 at 4:13 AM logoFortinet Names Marc Asturias As New Senior Director of Marketing for Latin America (NASDAQ:FTNT) - February 13 at 6:10 PM logoFortinet Promotes Cybersecurity Education by Providing Universal Access to Its Network Security Expert Courses (NASDAQ:FTNT) - February 13 at 11:12 AM logoMedia Advisory: Fortinet to Showcase Automated Security at Scale at RSA 2017; CISO Phil Quade to Present on Critical Infrastructure Security Strategies (NASDAQ:FTNT) - February 10 at 5:57 PM logoCan The Uptrend Continue for Fortinet (FTNT)? (NASDAQ:FTNT) - February 10 at 4:02 AM
News IconThe Piermont Capital Management Inc. Acquires New Stake in Fortinet, Inc. (FTNT) (NASDAQ:FTNT) - February 9 at 5:59 PM logoFortinet Partners with Ixia to Test and Validate World’s First Terabit Firewall (NASDAQ:FTNT) - February 9 at 5:59 PM logo3 Reasons Why Fortinet (FTNT) is a Great Momentum Stock (NASDAQ:FTNT) - February 9 at 5:59 PM logoFortinet Announces Participation in Upcoming Investment Conferences (NASDAQ:FTNT) - February 9 at 5:59 PM logoImperva Rebounds, Sends Security Software Stocks Up (NASDAQ:FTNT) - February 9 at 5:59 PM
News IconFortinet, Inc. (FTNT) Stock Rating Upgraded by TheStreet (NASDAQ:FTNT) - February 8 at 10:52 PM
News IconFortinet, Inc. (FTNT) Rating Reiterated by RBC Capital Markets (NASDAQ:FTNT) - February 8 at 10:52 PM logoTrader's Round Up: Fortinet, Inc. (FTNT), SunPower Corporation (SPWR), Amkor Technology, Inc. (AMKR) - iStreetWire (NASDAQ:FTNT) - February 8 at 5:51 PM
News IconRevenue Approximations Analysis: Radian Group Inc. (RDN ... - StockNewsJournal (NASDAQ:FTNT) - February 8 at 5:51 PM logoFortinet, Inc. :FTNT-US: Earnings Analysis: 2016 By the Numbers : February 8, 2017 (NASDAQ:FTNT) - February 8 at 5:51 PM
News IconWhat Analysts are Predicting For Gulfport Energy Corp. (GPOR), Fortinet, Inc. (FTNT)? - The USA Commerce (NASDAQ:FTNT) - February 7 at 3:43 PM logoFortinet Thrives on Growth Prospects From Cybersecurity Solutions (NASDAQ:FTNT) - February 7 at 3:43 PM
News IconStock Price of Fortinet, Inc. (FTNT) Increases 15.07% - Highland Mirror (NASDAQ:FTNT) - February 6 at 5:22 PM
News IconHow Does the Chart Look for Fortinet, Inc. (FTNT) ? - The USA Commerce (NASDAQ:FTNT) - February 6 at 5:22 PM logoFortinet, Inc. :FTNT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 6, 2017 (NASDAQ:FTNT) - February 6 at 5:22 PM logoFortinet Looks Poised for a Strong 2017 (NASDAQ:FTNT) - February 6 at 5:22 PM logoFortinet Inc. (FTNT) Broke Out To A New High On Q4 Results (NASDAQ:FTNT) - February 6 at 11:16 AM logoFortinet (FTNT) Worth a Look: Stock Adds 13.6% in Session (NASDAQ:FTNT) - February 6 at 11:16 AM logoWhere Does Cisco Stand in the Cybersecurity Space? (NASDAQ:FTNT) - February 6 at 11:16 AM logo9:55 am Fortinet (FTNT +14%) leading security stocks higher (HACK +0.6%) after strong report/guidance (NASDAQ:FTNT) - February 5 at 5:06 PM
News IconFortinet (NASDAQ:FTNT) 4Q16 earnings; Beats Street View (NASDAQ:FTNT) - February 4 at 5:25 PM
News IconFortinet, Inc. (FTNT) Lifted to Overweight at Piper Jaffray Companies (NASDAQ:FTNT) - February 4 at 5:25 PM
News IconDigging Up the Facts on Fortinet, Inc. (FTNT) (NASDAQ:FTNT) - February 4 at 5:25 PM
News IconThe Two Sigma Advisers LP Acquires 182000 Shares of Fortinet, Inc. (FTNT) (NASDAQ:FTNT) - February 4 at 5:25 PM logoFortinet (FTNT) Beats Q4 Earnings; Issues Robust Outlook - Yahoo Finance (NASDAQ:FTNT) - February 3 at 10:44 PM logoDow Jones Industrial Average Rallies Atop 20,000; Financial Stocks In Focus (NASDAQ:FTNT) - February 3 at 5:43 PM logoFortinet Inc. (FTNT) Has Climbed To A New High Following Q4 Report (NASDAQ:FTNT) - February 3 at 5:43 PM


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 targets for Fortinet's stock. Their predictions range from $30.00 to $47.00. On average, they anticipate 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 shareholders 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 purchased 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 $37.35.

Fortinet (NASDAQ:FTNT) Chart for Wednesday, March, 1, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Fortinet (NASDAQ:FTNT)

Earnings History Chart

Earnings by Quarter for Fortinet (NASDAQ:FTNT)

Dividend History Chart

Dividend Payments by Quarter for Fortinet (NASDAQ:FTNT)

Last Updated on 3/1/2017 by Staff