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NASDAQ:FTNT

Fortinet Stock Forecast, Price & News

$332.12
+5.38 (+1.65 %)
(As of 10/19/2021 12:00 AM ET)
Add
Compare
Today's Range
$326.50
$333.09
50-Day Range
$287.88
$326.74
52-Week Range
$106.75
$333.09
Volume909,280 shs
Average Volume1.06 million shs
Market Capitalization$54.24 billion
P/E Ratio107.14
Dividend YieldN/A
Beta1.12
30 days | 90 days | 365 days | Advanced Chart
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Fortinet logo

About Fortinet

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security; Infrastructure Security; Cloud Security; and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Infrastructure Security segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment include the proliferation of I

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Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Systems Software
Current Symbol
NASDAQ:FTNT
CUSIP
34959E10
Employees
8,238
Year Founded
2000

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$4.07 per share
Book Value
$5.27 per share

Profitability

Net Income
$488.50 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$54.24 billion
Next Earnings Date
11/4/2021 (Confirmed)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.44 out of 5 stars

Computer And Technology Sector

159th out of 863 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

3rd out of 22 stocks

Analyst Opinion: 2.2Community Rank: 4.8Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -












Fortinet (NASDAQ:FTNT) Frequently Asked Questions

Is Fortinet a buy right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 3 sell ratings, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Fortinet stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTNT, but not buy additional shares or sell existing shares.
View analyst ratings for Fortinet
or view top-rated stocks.

What stocks does MarketBeat like better than Fortinet?

Wall Street analysts have given Fortinet a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fortinet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Fortinet
.

How can I listen to Fortinet's earnings call?

Fortinet will be holding an earnings conference call on Thursday, November 4th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "2990496".

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) posted its quarterly earnings results on Thursday, July, 29th. The software maker reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.07. The software maker earned $801.10 million during the quarter, compared to analysts' expectations of $741.76 million. Fortinet had a net margin of 17.69% and a trailing twelve-month return on equity of 49.90%. During the same quarter in the previous year, the company earned $0.82 EPS.
View Fortinet's earnings history
.

How has Fortinet's stock been impacted by COVID-19 (Coronavirus)?

Fortinet's stock was trading at $87.95 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FTNT stock has increased by 275.7% and is now trading at $330.44.
View which stocks have been most impacted by COVID-19
.

What guidance has Fortinet issued on next quarter's earnings?

Fortinet updated its third quarter 2021 earnings guidance on Thursday, August, 5th. The company provided EPS guidance of $0.900-$0.950 for the period, compared to the Thomson Reuters consensus estimate of $0.950. The company issued revenue guidance of $800 million-$815 million, compared to the consensus revenue estimate of $779.10 million.

What price target have analysts set for FTNT?

25 brokerages have issued 1-year price objectives for Fortinet's stock. Their forecasts range from $104.00 to $385.00. On average, they anticipate Fortinet's share price to reach $265.39 in the next year. This suggests that the stock has a possible downside of 19.7%.
View analysts' price targets for Fortinet
or view top-rated stocks among Wall Street analysts.

Who are Fortinet's key executives?

Fortinet's management team includes the following people:
  • Ken Xie, Chairman & Chief Executive Officer
  • Michael Xie, President, Director & Chief Technology Officer (LinkedIn Profile)
  • Keith Franklin Jensen, CFO, Chief Accounting Officer & Controller
  • Phil Quade, Chief Information Security Officer
  • John Lunsford Gregory Whittle, Secretary, Executive VP & General Counsel

What is Ken Xie's approval rating as Fortinet's CEO?

640 employees have rated Fortinet CEO Ken Xie on Glassdoor.com. Ken Xie has an approval rating of 95% among Fortinet's employees. This puts Ken Xie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Fortinet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortinet investors own include NVIDIA (NVDA), Alibaba Group (BABA), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS), Mastercard (MA), Netflix (NFLX), Square (SQ), Intel (INTC) and Adobe (ADBE).

What is Fortinet's stock symbol?

Fortinet trades on the NASDAQ under the ticker symbol "FTNT."

Who are Fortinet's major shareholders?

Fortinet's stock is owned by many different retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.26%), Woodstock Corp (0.04%), State of Alaska Department of Revenue (0.03%), DNB Asset Management AS (0.02%), Meridian Wealth Management LLC (0.02%) and Nisa Investment Advisors LLC (0.02%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Michael Xie and William H Neukom.
View institutional ownership trends for Fortinet
.

Which institutional investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including Transform Wealth LLC, Nisa Investment Advisors LLC, Woodstock Corp, State of Alaska Department of Revenue, NEXT Financial Group Inc, WESPAC Advisors SoCal LLC, Foundry Partners LLC, and Islay Capital Management LLC. Company insiders that have sold Fortinet company stock in the last year include John Whittle, Keith Jensen, Kelly Ducourty, and Michael Xie.
View insider buying and selling activity for Fortinet
or view top insider-selling stocks.

Which institutional investors are buying Fortinet stock?

FTNT stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Meridian Wealth Management LLC, DNB Asset Management AS, IFP Advisors Inc, Capital CS Group LLC, Pensionfund DSM Netherlands, EWG Elevate Inc., and UMB Bank N A MO.
View insider buying and selling activity for Fortinet
or or view top insider-buying stocks.

How do I buy shares of Fortinet?

Shares of FTNT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $330.44.

How much money does Fortinet make?

Fortinet has a market capitalization of $53.97 billion and generates $2.59 billion in revenue each year. The software maker earns $488.50 million in net income (profit) each year or $2.44 on an earnings per share basis.

How many employees does Fortinet have?

Fortinet employs 8,238 workers across the globe.

Does Fortinet have any subsidiaries?

The following companies are subsidiares of Fortinet: 3Crowd Technologies, AccelOps, Accelops China, Bradford Networks, Bradford Networks Europe Limited, Bradford Networks Inc, Coyote Point Systems, CyberSponse, CyberSponse Federal Inc, CyberSponse Inc, CyberSponse India Private Limited, Fortinet Austria GmbH, Fortinet BV, Fortinet Belgium BV, Fortinet Branch Holding Company, Fortinet Colombia SAS, Fortinet Denmark ApS, Fortinet Federal Inc, Fortinet Finland Oy, Fortinet GmbH, Fortinet Holding LLC, Fortinet Information Technology (Beijing) Co Ltd, Fortinet International Inc, Fortinet Japan KK, Fortinet Malaysia SDN BHD, Fortinet Mexico S de RL de CV, Fortinet Network Security Brazil Limitada, Fortinet Networks Mauritius Ltd, Fortinet Networks Romania SRL, Fortinet SARL, Fortinet Security Israel Ltd, Fortinet Security Italy SRL, Fortinet Security Korea Ltd, Fortinet Security LLC, Fortinet Security NZ Limited, Fortinet Security Network (Thailand) Ltd, Fortinet Security Spain SL, Fortinet Singapore Private Limited, Fortinet Technologies (Canada) ULC, Fortinet Technologies India Private Limited, Fortinet Turkey Güvenlik Sistemleri Limited Şirketi, Fortinet UK Ltd, IPLocks, IntruGuard, Meru Networks, OPAQ Networks, PT Fortinet Indonesia Security, Panopta, Secure Element, ShieldX Networks, TalkSwitch, Woven Systems, ZoneFox, ZoneFox Holding Limited, ZoneFox Limited, enSilo, enSilo Inc, enSilo Limited, and enSilo Ltd.

When was Fortinet founded?

Fortinet was founded in 2000.

What is Fortinet's official website?

The official website for Fortinet is www.fortinet.com.

Where are Fortinet's headquarters?

Fortinet is headquartered at 899 KIFER ROAD, SUNNYVALE CA, 94086.

How can I contact Fortinet?

Fortinet's mailing address is 899 KIFER ROAD, SUNNYVALE CA, 94086. The software maker can be reached via phone at (408) 235-7700 or via email at [email protected].


This page was last updated on 10/19/2021 by MarketBeat.com Staff

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