Fortinet, 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.
Industry, Sector and Symbol
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
SectorComputer and Technology
Phone408-235-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.80 billion
Profitability
Miscellaneous
Employees5,066
OptionableOptionable
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 declared that its Board of Directors has initiated a stock buyback program on Friday, October 27th 2017, which allows the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.
How were Fortinet's earnings last quarter?
Fortinet Inc (NASDAQ:FTNT) announced its quarterly earnings results on Wednesday, February, 6th. The software maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.11. The software maker had revenue of $507 million for the quarter, compared to analysts' expectations of $496.33 million. Fortinet had a net margin of 18.44% and a return on equity of 22.72%. Fortinet's revenue was up 21.7% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. View Fortinet's Earnings History.
When is Fortinet's next earnings date?
What guidance has Fortinet issued on next quarter's earnings?
Fortinet issued an update on its FY19 earnings guidance on Wednesday, February, 6th. The company provided earnings per share (EPS) guidance of $2.05-$2.10 for the period, compared to the Thomson Reuters consensus estimate of $2.01. The company issued revenue guidance of $2.06-$2.10 billion, compared to the consensus revenue estimate of $2.06 billion.Fortinet also updated its FY 2019 guidance to $2.05-2.10 EPS.
What price target have analysts set for FTNT?
28 equities research analysts have issued 12-month price targets for Fortinet's shares. Their predictions range from $53.00 to $100.00. On average, they anticipate Fortinet's share price to reach $80.2381 in the next twelve months. This suggests that the stock has a possible downside of 3.5%. View Analyst Price Targets for Fortinet.
What is the consensus analysts' recommendation for Fortinet?
28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 2 sell ratings, 16 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet.
Has Fortinet been receiving favorable news coverage?
Press coverage about FTNT stock has trended somewhat positive on Saturday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fortinet earned a news impact score of 1.2 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the near term.
Who are some of Fortinet's key competitors?
Some companies that are related to Fortinet include Palo Alto Networks (PANW), Xerox (XRX), Logitech International (LOGI), SEIKO EPSON COR/ADR (SEKEY), FireEye (FEYE), HTC (HTCXF), Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Mitek Systems (MITK), Immersion (IMMR), AstroNova (ALOT), RADCOM (RDCM), TransAct Technologies (TACT) and Identiv (INVE).
Who are Fortinet's key executives?
Fortinet's management team includes the folowing 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
Who are Fortinet's major shareholders?
Fortinet's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.12%), Oregon Public Employees Retirement Fund (1.93%), MERIAN GLOBAL INVESTORS UK Ltd (1.53%), Geode Capital Management LLC (1.38%), Bank of Montreal Can (1.18%) and Two Sigma Advisers LP (1.10%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen. 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 BlackRock Inc., Bank of New York Mellon Corp, Prudential Financial Inc., Principal Financial Group Inc., American International Group Inc., Oak Ridge Investments LLC, Chicago Equity Partners LLC and Los Angeles Capital Management & Equity Research Inc.. 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, Ming Hsieh and Peter Dale Jr Cohen. View Insider Buying and Selling for Fortinet.
Which institutional investors are buying Fortinet stock?
FTNT stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Millennium Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, Geode Capital Management LLC, Nomura Asset Management Co. Ltd., Two Sigma Advisers LP, MUFG Securities EMEA plc and California Public Employees Retirement System. 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 $83.11.
How big of a company is Fortinet?
Fortinet has a market capitalization of $14.16 billion and generates $1.80 billion in revenue each year. The software maker earns $332.20 million in net income (profit) each year or $1.13 on an earnings per share basis. Fortinet employs 5,066 workers across the globe.
What is Fortinet's official website?
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)
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.
