NASDAQ:FTNT - Fortinet Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$67.45 +0.64 (+0.96 %)
(As of 07/20/2018 04:58 AM ET)
Previous Close$66.81
Today's Range$66.84 - $68.05
52-Week Range$35.44 - $68.05
Volume1.60 million shs
Average Volume1.59 million shs
Market Capitalization$11.25 billion
P/E Ratio129.71
Dividend YieldN/A
Fortinet logoFortinet, Inc. provides broad, automated, and integrated 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 WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. 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; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. 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. was founded in 2000 and is headquartered in Sunnyvale, California.

Receive FTNT News and Ratings via Email

Sign-up to receive the latest news and ratings for FTNT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
SectorComputer and Technology


Debt-to-Equity RatioN/A
Current Ratio1.69
Quick Ratio1.61


Trailing P/E Ratio129.71
Forward P/E Ratio76.65
P/E Growth4.53

Sales & Book Value

Annual Sales$1.49 billion
Price / Sales7.58
Cash Flow$0.8657 per share
Price / Cash77.91
Book Value$3.39 per share
Price / Book19.90


EPS (Most Recent Fiscal Year)$0.52
Net Income$31.39 million
Net Margins4.01%
Return on Equity14.64%
Return on Assets4.83%


Outstanding Shares168,100,000
Market Cap$11,252.42

Fortinet (NASDAQ:FTNT) Frequently Asked Questions

What is Fortinet's stock symbol?

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

How will Fortinet's stock buyback program work?

Fortinet announced that its board has authorized a stock buyback program on Friday, October 27th 2017, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

How were Fortinet's earnings last quarter?

Fortinet Inc (NASDAQ:FTNT) released its earnings results on Thursday, May, 3rd. The software maker reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.09. The software maker had revenue of $399 million for the quarter, compared to the consensus estimate of $390.60 million. Fortinet had a return on equity of 14.64% and a net margin of 4.01%. The company's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. View Fortinet's Earnings History.

When is Fortinet's next earnings date?

Fortinet is scheduled to release their next quarterly earnings announcement on Tuesday, July, 24th 2018. View Earnings Estimates for Fortinet.

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

Fortinet issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $1.51-$1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. The company issued revenue guidance of $1.715-$1.735, compared to the consensus revenue estimate of $1.71 billion.Fortinet also updated its Q2 guidance to $0.34-$0.36 EPS.

What price target have analysts set for FTNT?

22 brokerages have issued 12-month price targets for Fortinet's stock. Their forecasts range from $43.00 to $70.00. On average, they expect Fortinet's stock price to reach $55.75 in the next year. This suggests that the stock has a possible downside of 17.3%. View Analyst Ratings for Fortinet.

What is the consensus analysts' recommendation for Fortinet?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 12 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

What are Wall Street analysts saying about Fortinet stock?

Here are some recent quotes from research analysts about Fortinet stock:
  • 1. According to Zacks Investment Research, "Fortinet’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. A look at Fortinet’s YTD price performance shows that the company has outperformed the industry to which it belongs. Moreover, with the expected growth of the cybersecurity market in the coming times, the company is very well poised to maintain and grow its market share with its rich experience in the cyber security space. Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has positive record of earnings surprises in recent quarters. Nonetheless, we are slightly concerned over the company’s declining revenue growth rate." (7/4/2018)
  • 2. Credit Suisse Group AG analysts commented, "We perceive a change in tone from management towards the investor community, featuring an increased commitment to transparency. Management exhibited confidence in its cloud security portfolio and Fabric product strategy, revealed new metrics around non-FortiGate product, reiterated FY18 guidance and unveiled a new long-term financial model. Focus on Cloud Security: Arguing that a shift to cloud drives a greater need for consistent security across the architecture, Fortinet characterized its cloud security portfolio across five areas (1) Cloud product portfolio (FortiGate VM suite), (2) Connectors, (3) FortiCASB, (4) FortiManager, (5) Automation – API. While management is optimistic the shift to cloud drives greater throughput needs, we continue to question how FTNT’s historical competitive advantage bestowed by superior silicon will sustain in the cloud." (2/28/2018)

Who are some of Fortinet's key competitors?

Who are Fortinet's key executives?

Fortinet's management team includes the folowing people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 55)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 49)
  • Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 49)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 59)
  • Mr. Peter M. Salkowski, VP of Investor Relations

Has Fortinet been receiving favorable news coverage?

Headlines about FTNT stock have been trending positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortinet earned a daily sentiment score of 0.32 on Accern's scale. They also assigned media headlines about the software maker an impact score of 47.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are Fortinet's major shareholders?

Fortinet's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Bank of Montreal Can (1.21%), American Capital Management Inc. (0.62%), Boston Advisors LLC (0.28%), Assenagon Asset Management S.A. (0.10%), NN Investment Partners Holdings N.V. (0.06%) and Gateway Investment Advisers LLC (0.05%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie and Ming Hsieh. 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 Westpac Banking Corp, Assenagon Asset Management S.A., NN Investment Partners Holdings N.V., Municipal Employees Retirement System of Michigan, Nisa Investment Advisors LLC, Juncture Wealth Strategies LLC, Exane Derivatives and Radnor Capital Management LLC. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Michael Xie and Ming Hsieh. View Insider Buying and Selling for Fortinet.

Which institutional investors are buying Fortinet stock?

FTNT stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Boston Advisors LLC, Hartford Investment Management Co., Winslow Evans & Crocker Inc., American Capital Management Inc., State of Alaska Department of Revenue, Atria Investments LLC and Smithfield Trust Co.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $67.45.

How big of a company is Fortinet?

Fortinet has a market capitalization of $11.25 billion and generates $1.49 billion in revenue each year. The software maker earns $31.39 million in net income (profit) each year or $0.52 on an earnings per share basis. Fortinet employs 5,066 workers across the globe.

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]

MarketBeat Community Rating for Fortinet (NASDAQ FTNT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  831 (Vote Outperform)
Underperform Votes:  544 (Vote Underperform)
Total Votes:  1,375
MarketBeat's community ratings are surveys of what our community members think about Fortinet and other stocks. Vote "Outperform" if you believe FTNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FTNT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 7/20/2018 by Staff

Featured Article: Earnings Per Share

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.