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: $30.18
  • 50 Day Moving Average: $34.43
  • 200 Day Moving Average: $33.68
  • 52-Week Range: $23.16 - $37.48
  • Trailing P/E Ratio: 825.95
  • Foreward P/E Ratio: 116.08
  • P/E Growth: 2.00
  • Market Cap: $5.28B
  • Outstanding Shares: 172,687,000
  • Beta: 1.62
  • 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: 12 Hold Ratings, 17 Buy Ratings
Consensus Rating:Buy (Score: 2.59)
Consensus Price Target: $36.00 (19.28% upside)

Analysts' Ratings History for Fortinet (NASDAQ:FTNT)
DateFirmActionRatingPrice TargetDetails
10/21/2016First AnalysisInitiated CoverageEqual -> Equal Weight$32.00View Rating Details
10/15/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
10/13/2016Wells Fargo & Co.Reiterated RatingOutperform$43.50 -> $37.00View Rating Details
10/12/2016Piper Jaffray Cos.Set Price TargetHold$30.00View Rating Details
10/12/2016Robert W. BairdSet Price TargetHold$38.00 -> $34.00View Rating Details
10/12/2016Needham & Company LLCReiterated RatingBuy$42.00 -> $41.00View Rating Details
10/12/2016RBC Capital MarketsReiterated RatingSector Perform$37.00 -> $30.00View Rating Details
10/12/2016Dougherty & CoLower Price TargetBuy$40.00 -> $35.00View Rating Details
10/12/2016JMP SecuritiesLower Price TargetMarket Outperform$40.00 -> $34.00View Rating Details
10/12/2016NomuraLower Price TargetBuy$55.00 -> $47.00View Rating Details
10/12/2016Oppenheimer Holdings Inc.Lower Price TargetOutperform$45.00 -> $40.00View 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
10/12/2016Morgan StanleySet Price TargetHold$35.00 -> $33.00View 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 Inc.Lower Price TargetConviction-Buy -> Buy$43.00 -> $36.00View Rating Details
10/12/2016Royal Bank Of CanadaLower Price TargetSector Perform$37.00 -> $30.00View Rating Details
8/30/2016Pacific CrestUpgradeSector Weight -> Overweight$47.00View 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
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
10/13/2015GabelliReiterated 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 10/27/2014 forward)


Earnings History for Fortinet (NASDAQ:FTNT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016Q3$0.18$314.33 millionN/AView 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: $0.14 EPS
Next Year EPS Consensus Estimate: $0.26 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: 70.63%
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.'s (FTNT): Keep Your Eyes on Hot Stock of Yesterday - Hot Stocks Point (NASDAQ:FTNT) - October 27 at 9:47 AM
News IconFortinet Inc. (FTNT) Earns Equal Weight Rating from Analysts at First Analysis - DailyQuint (NASDAQ:FTNT) - October 27 at 9:47 AM logoFortinet's FortiCare 360 Degrees Cloud Service Delivers Continuous Assessment of Enterprises' Network Security Posture (NASDAQ:FTNT) - October 27 at 9:47 AM
News IconFortinet, Inc. (NASDAQ:FTNT) Updated Broker Price Targets - The De Soto Edge (NASDAQ:FTNT) - October 26 at 5:09 PM
News IconToday's Earnings Summary: Fortinet Inc (FTNT)'s Earnings Per Share will Increase and neither Bull nor Bear can stop it - MoneyMakingArticles (NASDAQ:FTNT) - October 26 at 5:09 PM logoFortinet (FTNT) Q3 Earnings: What's in Store for the Stock? (NASDAQ:FTNT) - October 26 at 8:15 AM
News IconAnalysts Valuations For Two Stocks: Fortinet Inc. (NASDAQ:FTNT), Hertz Global Holdings, Inc. (NYSE:HTZ) - The Voice Registrar (NASDAQ:FTNT) - October 25 at 5:09 PM logoBehind Fortinet Stock’s Double-Digit Decline (FTNT) (NASDAQ:FTNT) - October 25 at 10:03 AM logoCoverage initiated on Fortinet by First Analysis Sec (NASDAQ:FTNT) - October 24 at 10:23 AM logoShould You Buy Fortinet Inc. On Its Double-Digit Drop? (NASDAQ:FTNT) - October 23 at 9:39 PM
News IconSizzling Stock- Fortinet, Inc. (NASDAQ:FTNT) - Hot Stocks Point (NASDAQ:FTNT) - October 23 at 9:39 AM
News IconBank of Montreal Can Acquires Shares of 64003 Fortinet Inc. (FTNT) - DailyQuint (NASDAQ:FTNT) - October 23 at 9:39 AM
News IconIt's Earnings Time: What to Do with Fortinet Inc. (NASDAQ:FTNT) Stock - The Voice Registrar (NASDAQ:FTNT) - October 20 at 5:09 PM
News IconFortinet Inc. (NASDAQ:FTNT) Assigned A Consensus Outperform Rating - The Independent Republic (NASDAQ:FTNT) - October 20 at 5:09 PM
News Icon2 Sizzling Hot Tech Stocks: Fortinet Inc. (FTNT), Zayo Group Holdings, Inc. (ZAYO) - The Independent Republic (NASDAQ:FTNT) - October 19 at 5:31 PM logoWhy Fortinet (FTNT) Could Be Positioned for a Slump - Nasdaq (NASDAQ:FTNT) - October 19 at 5:31 PM logoCybersecurity: Peace of Mind Isn't Priceless (NASDAQ:FTNT) - October 19 at 1:18 PM logoWhy Fortinet (FTNT) Could Be Positioned for a Slump (NASDAQ:FTNT) - October 19 at 10:02 AM logoFortinet, Inc. (NASDAQ:FTNT) EPS Forecast At $0.03 - (NASDAQ:FTNT) - October 17 at 5:05 PM
News IconTwo Technology Stocks Are Hot: Take-Two Interactive Software Inc. (TTWO), Fortinet Inc. (FTNT) - The Independent Republic (NASDAQ:FTNT) - October 17 at 5:05 PM logoTrader Alert: Southern (SO), Fortinet (FTNT), Progressive (PGR) (NASDAQ:FTNT) - October 17 at 10:05 AM logoFortinet Establishes New European Cloud Data Center (NASDAQ:FTNT) - October 17 at 10:05 AM
News IconUpdate on Fortinet Inc. (NASDAQ:FTNT) for the day (NASDAQ:FTNT) - October 16 at 4:58 PM
News IconFortinet, Inc. (NASDAQ:FTNT) Latest Broker Views - NewsDen (NASDAQ:FTNT) - October 16 at 9:46 AM logoAnalysts Panic About Fortinet and Get Eurphoric on Barracuda Networks (NASDAQ:FTNT) - October 15 at 9:56 AM logoStock Update (NASDAQ:FTNT): Here’s Why Fortinet Inc Shares Are Down 13% Today (NASDAQ:FTNT) - October 14 at 4:58 PM
News IconEnlivened Stock On Most Active List: Fortinet Inc. (NASDAQ:FTNT) (NASDAQ:FTNT) - October 14 at 4:58 PM
News IconStocks Turn Active on Retreated Views: Fortinet Inc. (NASDAQ:FTNT), Imperva Inc. (NYSE:IMPV) - Street Wise Report (press release) (blog) (NASDAQ:FTNT) - October 14 at 8:09 AM
News IconBargain-Counter Stock or Pricey? Update on Fortinet Inc. (NASDAQ:FTNT) - CSZ News (NASDAQ:FTNT) - October 14 at 8:09 AM logoNotable Analyst Price Target Changes: Telefonaktiebolaget LM Ericsson (ERIC), Fortinet Inc (FTNT) (NASDAQ:FTNT) - October 13 at 5:08 PM logoFortinet Inc. (FTNT) Fell To A 3-Month Low After Guidance Cut (NASDAQ:FTNT) - October 13 at 5:07 PM
News IconVigorous Movers' Roundup- Fortinet (NASDAQ:FTNT), Citigroup (NYSE:C), Banro Corporation (NYSE:BAA) - Seneca Globe (NASDAQ:FTNT) - October 13 at 8:15 AM logoFortinet Inc. (FTNT) Is Falling After Q3 Guidance Lowered - RTT News (NASDAQ:FTNT) - October 13 at 8:15 AM logoFortinet: A Miss Is Still A Miss - Seeking Alpha (NASDAQ:FTNT) - October 13 at 8:15 AM logoWhy Humana Inc (HUM), Fortinet Inc (FTNT) and Telefonaktiebolaget LM Ericsson (ERIC) Are 3 of Today's Worst Stocks - (NASDAQ:FTNT) - October 13 at 8:15 AM
News IconStock Perspective: Fortinet, Inc (NASDAQ:FTNT) - October 12 at 5:08 PM logoFortinet's Q2 Challenges Carry Over To Q3 - Benzinga (NASDAQ:FTNT) - October 12 at 5:08 PM logoFortinet, Inc. (FTNT) – Morgan Stanley Updates Rating And Raises Price Target (NASDAQ:FTNT) - October 12 at 5:08 PM logoFortinet Inc. (FTNT) Is Sinking After Q3 Forecast Reduced (NASDAQ:FTNT) - October 12 at 5:08 PM
News IconStock Cascading Downward Before Open: Fortinet Inc. (NASDAQ:FTNT) - CSZ News (NASDAQ:FTNT) - October 12 at 5:08 PM
News IconTop Technology Stock Picking: Fortinet Inc. (FTNT), Maxim Integrated Products, Inc. (MXIM) - The Independent Republic (NASDAQ:FTNT) - October 12 at 5:08 PM logoNotable Analyst Price Target Changes: Telefonaktiebolaget LM Ericsson (ERIC), Fortinet Inc (FTNT) - Smarter Analyst (NASDAQ:FTNT) - October 12 at 5:08 PM logoBaird Analysts Suggest A Pair Trade Of Fortinet And Palo Alto (NASDAQ:FTNT) - October 12 at 3:24 PM logoFortinet's Billings Miss Stands In Contrast To Results From Peers (NASDAQ:FTNT) - October 12 at 2:03 PM
News IconFortinet Stumbles Over Preliminary Q3 Results (NASDAQ:FTNT) - October 12 at 1:45 PM logoWhy Fortinet Shares Cratered Today (NASDAQ:FTNT) - October 12 at 11:52 AM logoFireEye, Inc. (FEYE) Stock Falls Amid Cybersecurity Selloff (NASDAQ:FTNT) - October 12 at 11:33 AM
News IconPay Close Attention To These Analyst Ratings Rackspace Hosting, Inc. (NYSE:RAX), Fortinet Inc (NASDAQ:FTNT) - The Voice Registrar (NASDAQ:FTNT) - October 12 at 10:07 AM logoNotable Tuesday Option Activity: FTNT, TSLA, PANW - Forbes (NASDAQ:FTNT) - October 12 at 10:07 AM logoFortient shares plummet more than 15% after firm lowers guidance (NASDAQ:FTNT) - October 12 at 10:07 AM


Fortinet (NASDAQ:FTNT) Chart for Thursday, October, 27, 2016

Last Updated on 10/27/2016 by Staff