Fortinet Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 3 sell ratings, 11 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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.
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Fortinet is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Fortinet.

Fortinet, Inc. (NASDAQ:FTNT) released its earnings results on Thursday, February, 4th. The software maker reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.35. Fortinet had a net margin of 18.50% and a trailing twelve-month return on equity of 48.30%.
View Fortinet's earnings history.

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 90.5% and is now trading at $167.57.
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Fortinet issued an update on its FY21 earnings guidance on Thursday, February, 4th. The company provided earnings per share guidance of $3.60-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.63. The company issued revenue guidance of $3.025-3.075 billion, compared to the consensus revenue estimate of $2.97 billion.

25 equities research analysts have issued 12 month price objectives for Fortinet's shares. Their forecasts range from $104.00 to $190.00. On average, they anticipate Fortinet's share price to reach $148.41 in the next twelve months. This suggests that the stock has a possible downside of 11.4%.
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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.

Some companies that are related to Fortinet include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Axon Enterprise (AXON), Proofpoint (PFPT), Qualys (QLYS), Commvault Systems (CVLT), Progress Software (PRGS) and FalconStor Software (FALC).
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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).

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

Fortinet's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.63%), Alliancebernstein L.P. (2.85%), Renaissance Technologies LLC (2.18%), UBS Asset Management Americas Inc. (1.09%), Northern Trust Corp (0.93%) and Norges Bank (0.87%). 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.

FTNT stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, BlackRock Inc., Assenagon Asset Management S.A., Lazard Asset Management LLC, Skandinaviska Enskilda Banken AB publ , First Trust Advisors LP, Glenmede Trust Co. NA, and Park West Asset Management LLC. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, and Michael Xie.
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FTNT stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, UBS Asset Management Americas Inc., DSM Capital Partners LLC, Alliancebernstein L.P., Fundsmith LLP, Morgan Stanley, Los Angeles Capital Management LLC, and Nuveen Asset Management LLC.
View insider buying and selling activity for Fortinet or or view top insider-buying stocks.

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.
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One share of FTNT stock can currently be purchased for approximately $167.57.

Fortinet has a market capitalization of $27.35 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.

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, TalkSwitch, Woven Systems, ZoneFox, ZoneFox Holding Limited, ZoneFox Limited, enSilo, enSilo Inc, enSilo Limited, and enSilo Ltd.

Fortinet was founded in 2000.

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

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

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]