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NASDAQ:FTNT

Fortinet Stock Forecast, Price & News

$123.95
+4.09 (+3.41 %)
(As of 11/27/2020 01:13 PM ET)
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Compare
Today's Range
$120.99
Now: $123.95
$124.09
50-Day Range
$110.37
MA: $121.13
$132.52
52-Week Range
$70.20
Now: $123.95
$151.95
Volume63,759 shs
Average Volume1.66 million shs
Market Capitalization$20.12 billion
P/E Ratio46.08
Dividend YieldN/A
Beta1.11
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 (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender appliance provides a WAN connection to its FortiGate products; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; 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, as well as FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiNAC product family to implement zero trust network access strategies. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. 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: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.70 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
Employees8,075

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.16 billion
Cash Flow$3.11 per share
Book Value$4.41 per share

Profitability

Net Income$326.50 million

Miscellaneous

Market Cap$20.12 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$123.95
+4.09 (+3.41 %)
(As of 11/27/2020 01:13 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 price been impacted by Coronavirus?

Fortinet's stock was trading at $87.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FTNT stock has increased by 40.9% and is now trading at $123.95.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fortinet?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 14 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Fortinet
.

What stocks does MarketBeat like better than Fortinet?

Wall Street analysts have given Fortinet a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fortinet wasn't one of them. MarketBeat thinks these five stocks 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, February 4th 2021.
View our earnings forecast for Fortinet
.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) announced its earnings results on Thursday, October, 29th. The software maker reported $0.88 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.78 by $0.10. The software maker earned $651.10 million during the quarter, compared to analyst estimates of $639.62 million. Fortinet had a net margin of 18.50% and a return on equity of 48.30%. Fortinet's revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS.
View Fortinet's earnings history
.

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

Fortinet updated its fourth quarter earnings guidance on Thursday, October, 29th. The company provided EPS guidance of $0.95-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.87. The company issued revenue guidance of $710-730 million, compared to the consensus revenue estimate of $707.07 million.

What price target have analysts set for FTNT?

25 brokerages have issued 1-year price targets for Fortinet's stock. Their forecasts range from $102.00 to $170.00. On average, they anticipate Fortinet's stock price to reach $133.64 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts' price targets for Fortinet
.

Are investors shorting Fortinet?

Fortinet saw a decrease in short interest in the month of October. As of October 30th, there was short interest totaling 3,400,000 shares, a decrease of 33.6% from the October 15th total of 5,120,000 shares. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.5% of the company's stock are short sold.
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), The Walt Disney (DIS), Mastercard (MA), Netflix (NFLX), Square (SQ), Intel (INTC) and Adobe (ADBE).

Who are Fortinet's key executives?

Fortinet's management team includes the following people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 57, Pay $1.5M)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 51, Pay $706.37k)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 61, Pay $787.99k)
  • Mr. John Whittle, Exec. VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 51, Pay $654.5k)
  • Ms. Ana Pease, VP of Talent Management & Operations
  • Mr. Peter M. Salkowski, VP of Investor Relations
  • Mr. Patrice Perche, Sr. Exec. VP of Worldwide Sales & Support
  • Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products
  • Mr. Chris Perna, VP of Talent Acquisition
  • Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications

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 investors include Great West Life Assurance Co. Can (12.66%), BlackRock Inc. (6.92%), State Street Corp (3.38%), Altshuler Shaham Ltd (0.79%), Wells Fargo & Company MN (0.55%) and UBS Asset Management Americas Inc. (0.54%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Michael Xie and William H Neukom.
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 MUFG Securities EMEA plc, State Street Corp, Wells Fargo & Company MN, Arrowstreet Capital Limited Partnership, Worldquant Millennium Advisors LLC, Voloridge Investment Management LLC, AQR Capital Management LLC, and Paloma Partners Management Co. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, 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 Great West Life Assurance Co. Can, BlackRock Inc., Country Trust Bank, Skandinaviska Enskilda Banken AB publ, UBS Asset Management Americas Inc., Altshuler Shaham Ltd, Jupiter Asset Management Ltd., and Assenagon Asset Management S.A..
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 $123.95.

How big of a company is Fortinet?

Fortinet has a market capitalization of $20.12 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 8,075 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 11/27/2020 by MarketBeat.com Staff

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