Fortinet - FTNT Stock Forecast, Price & News

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 9 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FTNT shares.
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27 brokerages have issued 12 month target prices for Fortinet's stock. Their FTNT share price forecasts range from $53.00 to $78.00. On average, they predict the company's share price to reach $65.92 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
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Fortinet's stock was trading at $48.89 at the start of the year. Since then, FTNT stock has increased by 6.3% and is now trading at $51.99.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Fortinet will be holding an earnings conference call on Tuesday, February 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Fortinet, Inc. (NASDAQ:FTNT) posted its quarterly earnings data on Thursday, November, 4th. The software maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The software maker earned $867.20 million during the quarter, compared to analyst estimates of $812.21 million. Fortinet had a trailing twelve-month return on equity of 9,183.04% and a net margin of 18.12%. The company's revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS.
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Shares of Fortinet split on the morning of Thursday, June 23rd 2022. The 5-1 split was announced on Thursday, June 9th 2022. The newly issued shares were payable to shareholders after the market closes on Wednesday, June 22nd 2022. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Fortinet updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.38-$0.40 for the period, compared to the consensus earnings per share estimate of $0.35. The company issued revenue guidance of $1.27 billion-$1.31 billion, compared to the consensus revenue estimate of $1.27 billion.

640 employees have rated Fortinet Chief Executive Officer Ken Xie on Glassdoor.com. Ken Xie has an approval rating of 95% among the company's employees. This puts Ken Xie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortinet investors own include NVIDIA (NVDA), Alibaba Group (BABA), PayPal (PYPL), Salesforce (CRM), Walt Disney (DIS), Mastercard (MA), Netflix (NFLX), Block (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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.25%), AustralianSuper Pty Ltd (0.18%), Wedge Capital Management L L P NC (0.16%), New York State Common Retirement Fund (0.15%), DekaBank Deutsche Girozentrale (0.15%) and Stephens Investment Management Group LLC (0.12%). Insiders that own company stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Michael Xie and William H Neukom.
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Shares of FTNT stock 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 $51.99.

Fortinet (NASDAQ:FTNT) has a market capitalization of $40.62 billion and generates $4.10 billion in revenue each year. The software maker earns $606.80 million in net income (profit) each year or $0.91 on an earnings per share basis.

The company employs 10,195 workers across the globe.

Fortinet's mailing address is 899 KIFER ROAD, SUNNYVALE CA, 94086. The official website for the company is www.fortinet.com. The software maker can be reached via phone at (408) 235-7700, via email at investors@fortinet.com, or via fax at 408-235-7737.