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NASDAQ:FTNTFortinet Stock Price, Forecast & News

$126.97
-4.03 (-3.08 %)
(As of 08/10/2020 02:54 PM ET)
Add
Compare
Today's Range
$125.73
Now: $126.97
$132.21
50-Day Range
$129.12
MA: $136.98
$149.60
52-Week Range
$70.20
Now: $126.97
$151.95
Volume33,013 shs
Average Volume1.63 million shs
Market Capitalization$20.55 billion
P/E Ratio52.90
Dividend YieldN/A
Beta0.97
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of things devices; FortiAnalyzer product family, which provides centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products, including software updates, configuration, policy settings, and security updates, as well as FortiAP product family, which provides secure wireless networking solutions. In addition, it provides security subscription, technical support, professional, and training services. The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Fortinet, Inc. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California.
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Fortinet logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.45 out of 5 stars


Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
Current SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.16 billion
Cash Flow$2.82 per share
Book Value$7.73 per share

Profitability

Net Income$326.50 million

Miscellaneous

Employees7,082
Market Cap$20.55 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$126.97
-4.03 (-3.08 %)
(As of 08/10/2020 02:54 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortinet (NASDAQ:FTNT) Frequently Asked Questions

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

Fortinet's stock was trading at $87.95 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FTNT shares have increased by 44.4% and is now trading at $126.97.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Fortinet?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 15 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fortinet
.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Fortinet
.

How were Fortinet's earnings last quarter?

Fortinet Inc (NASDAQ:FTNT) posted its earnings results on Thursday, August, 6th. The software maker reported $0.82 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.65 by $0.17. The software maker had revenue of $615.50 million for the quarter, compared to the consensus estimate of $599.20 million. Fortinet had a net margin of 17.46% and a return on equity of 40.58%. The company's revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share.
View Fortinet's earnings history
.

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

Fortinet issued an update on its third quarter earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.76-0.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72. The company issued revenue guidance of $630-645 million, compared to the consensus revenue estimate of $623.32 million.

What price target have analysts set for FTNT?

27 brokers have issued 12 month price targets for Fortinet's shares. Their forecasts range from $97.00 to $170.00. On average, they anticipate Fortinet's stock price to reach $128.64 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Fortinet
.

Has Fortinet been receiving favorable news coverage?

Headlines about FTNT stock have been trending very positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortinet earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Fortinet
.

Are investors shorting Fortinet?

Fortinet saw a decline in short interest in July. As of July 31st, there was short interest totaling 4,630,000 shares, a decline of 6.3% from the July 15th total of 4,940,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 3.4% of the company's shares are sold short.
View Fortinet's Short Interest
.

Who are some of Fortinet's key competitors?

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), Walt Disney (DIS), Netflix (NFLX), Adobe (ADBE), Cisco Systems (CSCO), Intel (INTC) and Mastercard (MA).

Who are Fortinet's key executives?

Fortinet's management team includes the following people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 56)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 50)
  • Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 50)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 60)
  • Mr. Peter M. Salkowski, VP of Investor Relations

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 a variety of institutional and retail investors. Top institutional shareholders include UBS Group AG (0.49%), First Trust Advisors LP (0.48%), Congress Asset Management Co. MA (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Swiss National Bank (0.36%) and Robeco Institutional Asset Management B.V. (0.25%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen.
View institutional ownership trends for Fortinet
.

Which major investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Assenagon Asset Management S.A., MERIAN GLOBAL INVESTORS UK Ltd, Smith Asset Management Group LP, Hexavest Inc., NN Investment Partners Holdings N.V., First Trust Advisors LP, and Russell Investments Group Ltd.. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, and Michael Xie.
View insider buying and selling activity for Fortinet
.

Which major investors are buying Fortinet stock?

FTNT stock was bought by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, PNC Financial Services Group Inc., Jaffetilchin Investment Partners LLC, Meritage Portfolio Management, Envestnet Asset Management Inc., Rafferty Asset Management LLC, Trexquant Investment LP, and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for Fortinet
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $126.97.

How big of a company is Fortinet?

Fortinet has a market capitalization of $20.55 billion and generates $2.16 billion in revenue each year. The software maker earns $326.50 million in net income (profit) each year or $1.91 on an earnings per share basis. Fortinet employs 7,082 workers across the globe.

What is Fortinet's official website?

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

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 8/10/2020 by MarketBeat.com Staff

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