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

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$60.37 -0.27 (-0.45 %)
(As of 05/25/2018 04:00 PM ET)
Previous Close$60.64
Today's Range$59.93 - $60.64
52-Week Range$35.44 - $60.82
Volume838,884 shs
Average Volume1.65 million shs
Market Capitalization$9.95 billion
P/E Ratio116.35
Dividend YieldN/A
Beta0.75

About Fortinet (NASDAQ:FTNT)

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.

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Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700

Debt

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

Price-To-Earnings

Trailing P/E Ratio116.35
Forward P/E Ratio71.02
P/E Growth4.15

Sales & Book Value

Annual Sales$1.49 billion
Price / Sales6.79
Cash Flow$0.8766 per share
Price / Cash68.87
Book Value$4.13 per share
Price / Book14.62

Profitability

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

Miscellaneous

Employees5,066
Outstanding Shares168,100,000

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 share 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 reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign 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 earnings results on Thursday, May, 3rd. The software maker reported $0.33 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.09. The software maker earned $399 million during the quarter, compared to analyst estimates of $390.60 million. Fortinet had a return on equity of 14.64% and a net margin of 4.01%. The business's revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. 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 updated 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 EPS 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?

24 equities research analysts have issued 1-year price targets for Fortinet's shares. Their forecasts range from $43.00 to $67.00. On average, they expect Fortinet's stock price to reach $54.50 in the next year. View Analyst Ratings for Fortinet.

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, "Estimates for Fortinet have remained stable of late. Notably, the company has outperformed the industry in the last one year. Going ahead, we believe that the company’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. Nonetheless, we are slightly concerned over the company’s declining revenue growth rate. Notably, over the last six quarters, the company’s revenue growth rates have been around 20%, which are significantly lower than its previous rates of over 30%. Also, a tepid first quarter revenue outlook makes us slightly cautious about its near-term performance." (5/2/2018)
  • 2. Credit Suisse Group 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)
  • 3. Robert W. Baird analysts commented, "We continue to see the company as a market share taker with attractive valuation. We are adding FTNT to Baird’s Fresh Pick list with this note. Network Processor [NP] Catalyst. Fortinet refreshes each of its three ASICs every three to four years. A new high-end NP typically offers 2-3x performance over the previous generation, and has historically driven a refresh within the customer base. The current NP6 was released in late C13 and management is currently targeting the next release for C18." (1/11/2018)

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 & Corp. Sec. (Age 49)
  • Mr. Keith F. Jensen, Interim CFO & Chief Accounting Officer (Age 59)
  • Mr. Peter M. Salkowski, VP of Investor Relations

Has Fortinet been receiving favorable news coverage?

Media headlines about FTNT stock have been trending somewhat positive on Friday, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fortinet earned a news sentiment score of 0.08 on Accern's scale. They also assigned media stories about the software maker an impact score of 45.34 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

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. (8.24%), Blue Harbour Group L.P. (1.63%), Wasatch Advisors Inc. (1.18%), Prudential Financial Inc. (0.88%), Westfield Capital Management Co. LP (0.79%) and Northern Trust Corp (0.75%). 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 major investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including Global Thematic Partners LLC, Highland Capital Management LP, JPMorgan Chase & Co., Millennium Management LLC, Frontier Capital Management Co. LLC, ETF Managers Group LLC, Russell Investments Group Ltd. and Thrivent Financial for Lutherans. 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 major investors are buying Fortinet stock?

FTNT stock was bought by a variety of institutional investors in the last quarter, including Blue Harbour Group L.P., Contour Asset Management LLC, Park West Asset Management LLC, Legal & General Group Plc, Mackay Shields LLC, Sensato Investors LLC, AO Asset Management LP and Wells Fargo & Company MN. 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 $60.37.

How big of a company is Fortinet?

Fortinet has a market capitalization of $9.95 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 (FTNT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  796 (Vote Outperform)
Underperform Votes:  526 (Vote Underperform)
Total Votes:  1,322
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.

Analyst Ratings

Fortinet (NASDAQ:FTNT) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
24 Wall Street analysts have issued ratings and price targets for Fortinet in the last 12 months. Their average twelve-month price target is $54.50, suggesting that the stock has a possible downside of 9.72%. The high price target for FTNT is $67.00 and the low price target for FTNT is $43.00. There are currently 1 sell rating, 12 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldBuyBuy
Consensus Rating Score: 2.422.422.502.68
Ratings Breakdown: 1 Sell Rating(s)
12 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
12 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
10 Hold Rating(s)
13 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $54.50$50.8636$47.4545$44.0588
Price Target Upside: 9.72% downside11.70% downside3.45% upside13.73% upside

Fortinet (NASDAQ:FTNT) Consensus Price Target History

Price Target History for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ:FTNT) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/21/2018UBSBoost Price TargetBuy ➝ Buy$64.00 ➝ $67.00LowView Rating Details
5/4/2018Bank of AmericaBoost Price TargetBuy ➝ Buy$63.00 ➝ $64.00LowView Rating Details
5/4/2018Morgan StanleySet Price TargetEqual Weight ➝ Hold$53.00 ➝ $55.00LowView Rating Details
5/4/2018Credit Suisse GroupBoost Price TargetUnderperform ➝ Underperform$37.00 ➝ $43.00LowView Rating Details
5/4/2018Deutsche BankBoost Price TargetHold ➝ Hold$47.00 ➝ $61.00LowView Rating Details
5/4/2018Stifel NicolausBoost Price TargetHold ➝ Hold$46.00 ➝ $60.00HighView Rating Details
5/4/2018Monness Crespi & HardtBoost Price TargetBuy ➝ Buy$60.00 ➝ $64.00HighView Rating Details
5/4/2018Piper Jaffray CompaniesReiterated RatingOverweight$64.00HighView Rating Details
5/4/2018JPMorgan Chase & Co.Boost Price TargetNeutral$58.00HighView Rating Details
5/4/2018BMO Capital MarketsBoost Price TargetOutperform ➝ Outperform$58.00 ➝ $61.00HighView Rating Details
5/4/2018Evercore ISIReiterated RatingHold$53.00HighView Rating Details
4/16/2018CitigroupBoost Price TargetNeutral ➝ Neutral$45.00 ➝ $56.00LowView Rating Details
3/27/2018OppenheimerBoost Price TargetOutperform$55.00 ➝ $60.00HighView Rating Details
3/22/2018KeyCorpReiterated RatingEqual WeightLowView Rating Details
2/6/2018Royal Bank of CanadaBoost Price TargetSector Perform$46.00HighView Rating Details
2/6/2018BarclaysBoost Price TargetEqual Weight ➝ Equal Weight$48.00 ➝ $50.00HighView Rating Details
2/6/2018Robert W. BairdReiterated RatingBuy$56.00HighView Rating Details
2/1/2018Dougherty & CoDowngradeBuy ➝ NeutralLowView Rating Details
1/26/2018JMP SecuritiesBoost Price TargetMarket Outperform ➝ Market Outperform$41.00 ➝ $54.00LowView Rating Details
1/26/2018Raymond JamesReiterated RatingOutperform ➝ Market PerformMediumView Rating Details
9/8/2017CowenReiterated RatingBuy$43.00LowView Rating Details
7/5/2017OTR GlobalUpgradePositiveLowView Rating Details
6/29/2017Northland SecuritiesInitiated CoverageOutperform$45.00LowView Rating Details
6/7/2017Susquehanna BancsharesInitiated CoverageNeutral ➝ Neutral$45.00LowView Rating Details
12/12/2016GabelliReiterated RatingBuyN/AView Rating Details
10/28/2016Needham & Company LLCLower Price TargetBuy$41.00 ➝ $36.00N/AView Rating Details
10/21/2016First AnalysisInitiated CoverageEqual ➝ Equal Weight$32.00N/AView Rating Details
10/13/2016Wells Fargo & CoReiterated RatingOutperform$43.50 ➝ $37.00N/AView Rating Details
10/12/2016NomuraLower Price TargetBuy$55.00 ➝ $47.00N/AView Rating Details
10/12/2016WunderlichLower Price TargetBuy$45.00 ➝ $42.00N/AView Rating Details
10/12/2016StephensDowngradeOverweight ➝ Equal Weight$43.00 ➝ $32.00N/AView Rating Details
10/12/2016Goldman Sachs GroupLower Price TargetConviction-Buy ➝ Buy$43.00 ➝ $36.00N/AView Rating Details
8/30/2016Pacific CrestUpgradeSector Weight ➝ Overweight$47.00N/AView Rating Details
(Data available from 5/25/2016 forward)

Earnings

Fortinet (NASDAQ:FTNT) Earnings History and Estimates Chart

Earnings by Quarter for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ:FTNT) Earnings Estimates

2018 EPS Consensus Estimate: $0.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181$0.08$0.08$0.08
Q2 20182$0.18$0.19$0.19
Q3 20181$0.21$0.21$0.21
Q4 20183$0.27$0.33$0.30

Fortinet (NASDAQ FTNT) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/24/2018$0.35N/AView Earnings Details
5/3/2018Q1 2018$0.24$0.33$390.60 million$399.00 millionViewN/AView Earnings Details
2/5/2018Q4 2017$0.29$0.32$409.04 million$416.70 millionViewListenView Earnings Details
10/26/2017Q3 2017$0.23$0.28$370.67 million$374.20 millionViewN/AView Earnings Details
7/26/2017Q2 2017$0.20$0.27$361.05 million$363.50 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.02$0.07$334.44 million$340.60 millionViewN/AView Earnings Details
2/2/2017Q4 2016$0.21$0.30$344.59 million$362.80 millionViewListenView Earnings Details
10/27/2016Q3$0.03$0.18$314.33 million$316.60 millionViewListenView Earnings Details
7/28/2016Q216$0.14$0.14$304.71 million$311.40 millionViewListenView Earnings Details
4/26/2016Q116$0.09$0.12$273.46 million$284.60 millionViewListenView Earnings Details
1/28/2016Q415$0.18$0.18$296.28 million$296.50 millionViewListenView Earnings Details
10/22/2015Q315$0.12$0.14$258.72 million$260.10 millionViewListenView Earnings Details
7/22/2015Q215$0.09$0.11$227.61 million$239.80 millionViewListenView Earnings Details
4/20/2015Q115$0.06$0.08$204.03 million$212.89 millionViewListenView Earnings Details
1/28/2015Q414$0.14$0.14$210.77 million$224.00 millionViewListenView Earnings Details
10/22/2014Q3$0.11$0.12$184.90 million$193.30 millionViewListenView Earnings Details
7/23/2014Q214$0.10$0.11$171.58 million$184.10 millionViewN/AView Earnings Details
4/23/2014Q114$0.09$0.11$157.96 million$168.90 millionViewListenView Earnings Details
1/29/2014Q413$0.14$0.15$165.97 million$177.40 millionViewListenView Earnings Details
10/23/2013Q313$0.11$0.12$151.00 million$154.70 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.10$0.10$142.63 million$147.40 millionViewN/AView Earnings Details
4/30/2013Q1 2013$0.10$0.10$135.12 million$135.80 millionViewN/AView Earnings Details
1/30/2013Q4 2012$0.15$0.17$144.28 million$151.16 millionViewN/AView Earnings Details
10/16/2012$0.14$0.14ViewN/AView Earnings Details
7/25/2012$0.12$0.12ViewN/AView Earnings Details
4/24/2012Q1 2012$0.09$0.09ViewN/AView Earnings Details
1/31/2012$0.12$0.14ViewN/AView Earnings Details
10/24/2011$0.09$0.13ViewN/AView Earnings Details
7/19/2011$0.08$0.09ViewN/AView Earnings Details
4/27/2011$0.14$0.17ViewN/AView Earnings Details
1/25/2011$0.14$0.22ViewN/AView Earnings Details
10/21/2010Q3 2010$0.05$0.09ViewN/AView Earnings Details
7/22/2010Q2 2010$0.03$0.05ViewN/AView Earnings Details
4/28/2010Q1 2010$0.03$0.03ViewN/AView Earnings Details
1/27/2010Q4 2009$0.03$0.05ViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Fortinet (NASDAQ:FTNT) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Fortinet (NASDAQ FTNT) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 17.70%
Institutional Ownership Percentage: 69.38%
Insider Trading History for Fortinet (NASDAQ:FTNT)
Institutional Ownership by Quarter for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ FTNT) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/24/2018John WhittleVPSell1,250$60.00$75,000.009,309View SEC Filing  
5/24/2018Ken XieCEOSell50,000$60.51$3,025,500.0012,562,906View SEC Filing  
5/16/2018Keith JensenCFOSell3,424$59.24$202,837.76View SEC Filing  
5/10/2018John WhittleVPSell1,250$60.00$75,000.009,309View SEC Filing  
5/10/2018Judith SimDirectorSell7,500$60.05$450,375.0011,250View SEC Filing  
5/10/2018Keith JensenCFOSell12,925$59.87$773,819.7510,454View SEC Filing  
5/8/2018John WhittleVPSell2,835$55.38$157,002.308,684View SEC Filing  
5/2/2018Michael XieVPSell3,780$56.02$211,755.606,694,500View SEC Filing  
3/12/2018John WhittleVPSell624$54.44$33,970.56View SEC Filing  
2/15/2018John WhittleVPSell679$48.69$33,060.518,684View SEC Filing  
2/12/2018Christopher B PaisleyDirectorSell4,000$46.71$186,840.0072,937View SEC Filing  
2/12/2018John WhittleVPSell29,946$47.00$1,407,462.009,310View SEC Filing  
2/8/2018Ken XieCEOSell89,423$45.08$4,031,188.8412,608,811View SEC Filing  
2/5/2018John WhittleVPSell11,728$44.81$525,531.687,181View SEC Filing  
2/2/2018Michael XieVPSell19,790$45.30$896,487.007,181View SEC Filing  
12/19/2017John WhittleVPSell13,749$45.00$618,705.0018,430View SEC Filing  
12/1/2017Michael XieVPSell40,000$41.95$1,678,000.006,692,200View SEC Filing  
11/20/2017Ming HsiehDirectorSell331$40.41$13,375.71View SEC Filing  
11/15/2017Keith JensenInsiderSell625$39.63$24,768.75View SEC Filing  
11/13/2017Christopher B PaisleyDirectorSell4,000$40.02$160,080.0072,606View SEC Filing  
11/9/2017Ming HsiehDirectorSell5,332$39.64$211,360.48331View SEC Filing  
11/8/2017John WhittleVPSell3,883$40.00$155,320.004,681View SEC Filing  
11/8/2017Keith JensenInsiderSell1,850$39.20$72,520.001,374View SEC Filing  
11/2/2017Michael XieVPSell3,585$38.60$138,381.006,714,500View SEC Filing  
8/22/2017Keith JensenInsiderSell667$37.03$24,699.01View SEC Filing  
8/9/2017Keith JensenInsiderSell1,850$36.47$67,469.501,315View SEC Filing  
8/8/2017Keith JensenCAOSell950$36.67$34,836.501,315View SEC Filing  
8/2/2017Christopher B PaisleyDirectorSell4,000$36.39$145,560.0066,611View SEC Filing  
8/2/2017John WhittleVPSell2,091$36.27$75,840.577,181View SEC Filing  
6/8/2017Ming HsiehDirectorSell4,743$39.29$186,352.47View SEC Filing  
5/17/2017Keith JensenInsiderSell624$40.73$25,415.52978View SEC Filing  
5/10/2017Keith JensenInsiderSell1,850$39.42$72,927.001,254View SEC Filing  
5/5/2017John WhittleVPSell5,583$40.00$223,320.004,681View SEC Filing  
5/2/2017John WhittleVPSell11,057$39.45$436,198.6511,868View SEC Filing  
5/1/2017Christopher B PaisleyDirectorSell6,000$39.04$234,240.0067,949View SEC Filing  
3/1/2017Matto Andrew H DelCFOSell3,250$36.96$120,120.0020,785View SEC Filing  
2/21/2017Keith JensenInsiderSell3,482$37.41$130,261.623,777View SEC Filing  
2/8/2017Keith JensenCAOSell2,250$37.62$84,645.002,545View SEC Filing  
2/8/2017Ken XieCEOSell25,000$37.59$939,750.0012,485,375View SEC Filing  
2/7/2017Keith JensenCAOSell1,300$37.97$49,361.002,545View SEC Filing  
2/7/2017Ken XieCEOSell25,000$37.82$945,500.0012,485,375View SEC Filing  
2/7/2017Matto Andrew H DelCFOSell8,000$37.97$303,760.0023,315View SEC Filing  
2/3/2017John WhittleVPSell13,135$37.15$487,965.2510,005View SEC Filing  
2/2/2017Michael XieVPSell69,095$33.15$2,290,499.256,484,500View SEC Filing  
12/7/2016Ken XieCEOSell50,000$30.38$1,519,000.0012,835,800View SEC Filing  
12/5/2016Ken XieCEOSell20,000$30.25$605,000.0012,835,800View SEC Filing  
12/5/2016Matto Andrew H DelCFOSell2,750$29.39$80,822.506,418View SEC Filing  
11/9/2016Keith JensenInsiderSell1,300$31.34$40,742.001,224View SEC Filing  
11/8/2016Keith JensenCAOSell350$31.49$11,021.501,224View SEC Filing  
11/2/2016Matto Andrew H DelCFOSell5,500$31.71$174,405.0017,186View SEC Filing  
11/2/2016Michael XieVPSell3,585$31.77$113,895.456,484,500View SEC Filing  
11/1/2016Christopher B PaisleyDirectorSell6,000$31.86$191,160.0066,625View SEC Filing  
9/1/2016John WhittleVPSell834$36.70$30,607.805,515View SEC Filing  
9/1/2016Matto Andrew H DelCFOSell3,250$36.29$117,942.509,686View SEC Filing  
8/23/2016Keith JensenInsiderSell900$35.47$31,923.00View SEC Filing  
8/22/2016Ming HsiehDirectorSell23,900$34.84$832,676.00View SEC Filing  
8/16/2016John WhittleVPSell13,833$34.85$482,080.0517,531View SEC Filing  
8/16/2016Matto Andrew H. DelCFOSell1,500$35.00$52,500.00View SEC Filing  
8/15/2016John WhittleVPSell983$32.86$32,301.3817,531View SEC Filing  
8/8/2016Keith JensenInsiderSell1,900$33.53$63,707.00229View SEC Filing  
8/2/2016Christopher B PaisleyDirectorSell6,000$34.07$204,420.0060,648View SEC Filing  
8/2/2016John WhittleVPSell15,007$34.91$523,894.3718,969View SEC Filing  
8/2/2016Matto Andrew H DelCFOSell5,500$34.07$187,385.0022,099View SEC Filing  
8/1/2016John WhittleVPSell13,663$35.00$478,205.0018,969View SEC Filing  
6/1/2016Matto Andrew H DelCFOSell2,750$34.23$94,132.5014,599View SEC Filing  
5/6/2016Keith JensenCAOSell1,100$31.60$34,760.00218View SEC Filing  
5/2/2016John WhittleVPSell1,435$32.48$46,608.806,866View SEC Filing  
5/2/2016Matto Andrew H DelCFOSell6,250$32.06$200,375.0014,867View SEC Filing  
3/22/2016John WhittleVPSell1,779$30.00$53,370.006,241View SEC Filing  
3/1/2016Matto Andrew H DelCFOSell2,250$28.94$65,115.0019,117View SEC Filing  
2/16/2016Christopher B. PaisleyDirectorSell6,000$24.70$148,200.0053,674View SEC Filing  
2/16/2016Keith JensenCAOSell200$24.58$4,916.00187View SEC Filing  
2/8/2016Keith JensenCAOSell1,400$24.16$33,824.00164View SEC Filing  
2/2/2016Matto Andrew H. DelCFOSell4,500$27.45$123,525.0021,367View SEC Filing  
2/2/2016Michael XieVPSell7,670$27.45$210,541.506,482,000View SEC Filing  
12/1/2015Matto Andrew H DelCFOSell3,250$35.91$116,707.505,369View SEC Filing  
11/16/2015Christopher B. PaisleyDirectorSell6,000$33.05$198,300.0052,699View SEC Filing  
11/3/2015John WhittleVPSell2,538$34.85$88,449.30View SEC Filing  
11/3/2015Matto Andrew H. DelCFOSell3,250$34.64$112,580.008,619View SEC Filing  
11/2/2015Michael XieVPSell2,887$34.78$100,409.866,284,400View SEC Filing  
10/27/2015Matto Andrew H DelCFOSell3,250$34.50$112,125.008,283View SEC Filing  
9/1/2015Matto Andrew H DelCFOSell3,250$41.32$134,290.0011,533View SEC Filing  
8/28/2015Hong Liang LuDirectorSell15,000$42.69$640,350.007,725View SEC Filing  
8/14/2015Christopher B PaisleyDirectorSell6,000$46.28$277,680.00View SEC Filing  
6/3/2015Michael XieVPSell55,000$40.05$2,202,750.00View SEC Filing  
6/2/2015Ken XieCEOSell90,000$39.81$3,582,900.00View SEC Filing  
6/1/2015Matto Andrew H DelCFOSell3,250$40.14$130,455.00View SEC Filing  
5/15/2015Christopher B PaisleyDirectorSell6,000$38.76$232,560.00View SEC Filing  
5/6/2015Michael XieVPSell72,233$37.69$2,722,461.77View SEC Filing  
5/4/2015John WhittleVPSell34,943$38.36$1,340,413.48View SEC Filing  
4/23/2015Matto Andrew H DelCFOSell3,250$38.05$123,662.50View SEC Filing  
4/1/2015Michael XieVPSell30,000$33.99$1,019,700.00View SEC Filing  
3/4/2015Michael XieVPSell30,000$33.72$1,011,600.00View SEC Filing  
2/24/2015Hong Liang LuDirectorSell25,000$33.67$841,750.00View SEC Filing  
2/4/2015Michael XieVPSell30,000$30.92$927,600.00View SEC Filing  
2/3/2015John WhittleVPSell1,776$30.11$53,475.36View SEC Filing  
2/3/2015Ken XieCEOSell30,000$30.33$909,900.00View SEC Filing  
12/3/2014Ken XieCEOSell28,977$27.50$796,867.50View SEC Filing  
12/3/2014Michael XieVPSell50,000$27.42$1,371,000.00View SEC Filing  
12/2/2014Ken XieCEOSell24,834$27.50$682,935.00View SEC Filing  
12/2/2014Michael XieVPSell25,000$27.42$685,500.00View SEC Filing  
11/5/2014Michael XieVPSell25,000$26.48$662,000.00View SEC Filing  
11/4/2014John WhittleVPSell1,501$26.41$39,641.41View SEC Filing  
11/3/2014Christopher B PaisleyDirectorSell10,000$26.28$262,800.00View SEC Filing  
10/8/2014Michael XieVPSell31,600$24.84$784,944.00View SEC Filing  
10/7/2014Michael XieVPSell9,100$25.02$227,682.00View SEC Filing  
9/10/2014Michael XieVPSell70,000$26.23$1,836,100.00View SEC Filing  
8/12/2014Michael XieVPSell20,000$24.99$499,800.00View SEC Filing  
8/7/2014John WhittleVPSell1,755$25.00$43,875.00View SEC Filing  
8/4/2014Michael XieVPSell2,210$24.05$53,150.50View SEC Filing  
8/1/2014Christopher B PaisleyDirectorSell10,000$24.27$242,700.00View SEC Filing  
7/29/2014Michael XieVPSell20,000$25.24$504,800.00View SEC Filing  
6/30/2014John WhittleVPSell21,032$25.00$525,800.00View SEC Filing  
5/2/2014Michael XieVPSell2,209$21.98$48,553.826,628,000View SEC Filing  
5/1/2014Christopher PaisleyDirectorSell10,000$22.01$220,100.001,875View SEC Filing  
2/4/2014Michael XieVPSell6,762$20.58$139,161.966,628,000View SEC Filing  
2/3/2014Christopher PaisleyDirectorSell10,000$20.78$207,800.001,562View SEC Filing  
10/28/2013Michael XieVPSell2,600$20.05$52,130.00View SEC Filing  
8/1/2013Christopher PaisleyDirectorSell20,000$21.45$429,000.00View SEC Filing  
2/26/2013John WhittleVPSell14,584$25.00$364,600.00View SEC Filing  
8/10/2012John WhittleVPSell1,042$24.54$25,570.68View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Fortinet (NASDAQ FTNT) News Headlines

Source:
DateHeadline
Fortinet Inc (FTNT) Given Consensus Rating of "Buy" by BrokeragesFortinet Inc (FTNT) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 25 at 5:33 AM
Fortinet Inc (FTNT) VP Sells $75,000.00 in StockFortinet Inc (FTNT) VP Sells $75,000.00 in Stock
www.americanbankingnews.com - May 24 at 8:16 PM
Fortinet Inc (FTNT) CEO Sells $3,025,500.00 in StockFortinet Inc (FTNT) CEO Sells $3,025,500.00 in Stock
www.americanbankingnews.com - May 24 at 7:14 PM
The US Remains FireEye’s Strongest ContributorThe US Remains FireEye’s Strongest Contributor
finance.yahoo.com - May 24 at 5:29 PM
Equities Analysts Offer Predictions for Fortinet Incs Q2 2018 Earnings (FTNT)Equities Analysts Offer Predictions for Fortinet Inc's Q2 2018 Earnings (FTNT)
www.americanbankingnews.com - May 24 at 7:56 AM
What’s Driving Billings Growth for FireEye?What’s Driving Billings Growth for FireEye?
finance.yahoo.com - May 23 at 5:25 PM
FY2018 EPS Estimates for Fortinet Inc (FTNT) Lifted by Dougherty & CoFY2018 EPS Estimates for Fortinet Inc (FTNT) Lifted by Dougherty & Co
www.americanbankingnews.com - May 23 at 7:24 AM
Fortinet Expands Fabric-Ready Partner Program with New Fabric Connectors to Automate Security for Multi-Vendor ...Fortinet Expands Fabric-Ready Partner Program with New Fabric Connectors to Automate Security for Multi-Vendor ...
globenewswire.com - May 22 at 5:02 PM
Fortinet Expands Fabric-Ready Partner Program with New Fabric Connectors to Automate Security for Multi-Vendor EnvironmentsFortinet Expands Fabric-Ready Partner Program with New Fabric Connectors to Automate Security for Multi-Vendor Environments
finance.yahoo.com - May 22 at 5:02 PM
Fortinet (FTNT) Price Target Increased to $67.00 by Analysts at UBSFortinet (FTNT) Price Target Increased to $67.00 by Analysts at UBS
www.americanbankingnews.com - May 21 at 10:55 AM
Fortinet (FTNT) Stock Gains on Earnings Beat, Strong GuidanceFortinet (FTNT) Stock Gains on Earnings Beat, Strong Guidance
finance.yahoo.com - May 19 at 8:24 AM
$425.35 Million in Sales Expected for Fortinet (FTNT) This Quarter$425.35 Million in Sales Expected for Fortinet (FTNT) This Quarter
www.americanbankingnews.com - May 18 at 2:54 AM
Fortinet (FTNT) CFO Sells $202,837.76 in StockFortinet (FTNT) CFO Sells $202,837.76 in Stock
www.americanbankingnews.com - May 16 at 8:19 PM
$0.35 EPS Expected for Fortinet (FTNT) This Quarter$0.35 EPS Expected for Fortinet (FTNT) This Quarter
www.americanbankingnews.com - May 16 at 1:26 PM
Fortinet Ranks Top in Enterprise Firewall Network Solutions, 2018 Black Book Market Research User SurveyFortinet Ranks Top in Enterprise Firewall Network Solutions, 2018 Black Book Market Research User Survey
www.prnewswire.com - May 14 at 5:12 PM
John Whittle Sells 1,250 Shares of Fortinet (FTNT) StockJohn Whittle Sells 1,250 Shares of Fortinet (FTNT) Stock
www.americanbankingnews.com - May 11 at 8:39 PM
Insider Selling: Fortinet (FTNT) Director Sells 7,500 Shares of StockInsider Selling: Fortinet (FTNT) Director Sells 7,500 Shares of Stock
www.americanbankingnews.com - May 11 at 7:59 PM
Keith Jensen Sells 12,925 Shares of Fortinet (FTNT) StockKeith Jensen Sells 12,925 Shares of Fortinet (FTNT) Stock
www.americanbankingnews.com - May 11 at 7:41 PM
Fortinet Reaches Analyst Target PriceFortinet Reaches Analyst Target Price
www.nasdaq.com - May 11 at 5:43 PM
Fortinet (FTNT) Hits a 52-Week High, Can the Run Continue?Fortinet (FTNT) Hits a 52-Week High, Can the Run Continue?
finance.yahoo.com - May 11 at 5:43 PM
Form DEFA14A FORTINET INCForm DEFA14A FORTINET INC
www.streetinsider.com - May 11 at 8:45 AM
Form DEF 14A FORTINET INC For: Jun 22Form DEF 14A FORTINET INC For: Jun 22
www.streetinsider.com - May 11 at 8:45 AM
SonicWALL Holdings Limited -- Moodys rates SonicWALL B3SonicWALL Holdings Limited -- Moody's rates SonicWALL B3
finance.yahoo.com - May 10 at 5:43 PM
Global Email Security Market 2018-2022: Key Vendors are Cisco Systems, Fortinet, Proofpoint, Symantec & Trend MicroGlobal Email Security Market 2018-2022: Key Vendors are Cisco Systems, Fortinet, Proofpoint, Symantec & Trend Micro
www.prnewswire.com - May 10 at 8:35 AM
Fortinet (FTNT) VP John Whittle Sells 2,835 SharesFortinet (FTNT) VP John Whittle Sells 2,835 Shares
www.americanbankingnews.com - May 9 at 8:11 PM
Is Fortinet (FTNT) Stock Outpacing Its Computer and Technology Peers This Year?Is Fortinet (FTNT) Stock Outpacing Its Computer and Technology Peers This Year?
finance.yahoo.com - May 9 at 5:23 PM
See what the IHS Markit Score report has to say about Fortinet Inc.See what the IHS Markit Score report has to say about Fortinet Inc.
finance.yahoo.com - May 9 at 8:32 AM
Fortinet (FTNT) Price Target Raised to $64.00 at Bank of AmericaFortinet (FTNT) Price Target Raised to $64.00 at Bank of America
www.americanbankingnews.com - May 5 at 3:01 AM
Fortinet (FTNT) Price Target Raised to $43.00Fortinet (FTNT) Price Target Raised to $43.00
www.americanbankingnews.com - May 5 at 2:59 AM
Fortinet (FTNT) Given New $61.00 Price Target at Deutsche BankFortinet (FTNT) Given New $61.00 Price Target at Deutsche Bank
www.americanbankingnews.com - May 5 at 2:59 AM
Fortinet (FTNT) PT Raised to $55.00 at Morgan StanleyFortinet (FTNT) PT Raised to $55.00 at Morgan Stanley
www.americanbankingnews.com - May 5 at 2:59 AM
Fortinet (FTNT) Price Target Increased to $64.00 by Analysts at Monness Crespi & HardtFortinet (FTNT) Price Target Increased to $64.00 by Analysts at Monness Crespi & Hardt
www.americanbankingnews.com - May 4 at 10:33 PM
Fortinets Earnings Rocket HigherFortinet's Earnings Rocket Higher
www.fool.com - May 4 at 9:14 PM
Fortinet (FTNT) Price Target Increased to $60.00 by Analysts at Stifel NicolausFortinet (FTNT) Price Target Increased to $60.00 by Analysts at Stifel Nicolaus
www.americanbankingnews.com - May 4 at 6:11 PM
Top Analyst Upgrades and Downgrades: Amazon, Fortinet, Live Nation, Pandora, Sally Beauty, World Wrestling and ...Top Analyst Upgrades and Downgrades: Amazon, Fortinet, Live Nation, Pandora, Sally Beauty, World Wrestling and ...
247wallst.com - May 4 at 5:21 PM
Fortinet (FTNT) PT Raised to $65 at FBN SecuritiesFortinet (FTNT) PT Raised to $65 at FBN Securities
www.streetinsider.com - May 4 at 5:21 PM
Fortinet (FTNT) Beats on Q1 Earnings and Revenue EstimatesFortinet (FTNT) Beats on Q1 Earnings and Revenue Estimates
finance.yahoo.com - May 4 at 5:21 PM
Fortinet (FTNT) PT Raised to $58.00Fortinet (FTNT) PT Raised to $58.00
www.americanbankingnews.com - May 4 at 3:16 PM
Fortinets (FTNT) "Overweight" Rating Reaffirmed at Piper JaffrayFortinet's (FTNT) "Overweight" Rating Reaffirmed at Piper Jaffray
www.americanbankingnews.com - May 4 at 3:16 PM
BMO Capital Markets Increases Fortinet (FTNT) Price Target to $61.00BMO Capital Markets Increases Fortinet (FTNT) Price Target to $61.00
www.americanbankingnews.com - May 4 at 10:28 AM
Fortinets (FTNT) Hold Rating Reiterated at Evercore ISIFortinet's (FTNT) Hold Rating Reiterated at Evercore ISI
www.americanbankingnews.com - May 4 at 10:07 AM
Fortinets security products see demand from mid-market firms, results beatFortinet's security products see demand from mid-market firms, results beat
finance.yahoo.com - May 4 at 8:29 AM
BRIEF-Fortinet Q1 GAAP Earnings Per Share $0.24BRIEF-Fortinet Q1 GAAP Earnings Per Share $0.24
www.reuters.com - May 4 at 8:29 AM
UPDATE 2-Fortinets security products see demand from mid-market firms, results beatUPDATE 2-Fortinet's security products see demand from mid-market firms, results beat
www.reuters.com - May 4 at 8:29 AM
Fortinet, Inc. 2018 Q1 - Results - Earnings Call SlidesFortinet, Inc. 2018 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 4 at 8:29 AM
Fortinet (FTNT) Q1 2018 Results - Earnings Call TranscriptFortinet (FTNT) Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 4 at 8:29 AM
Edited Transcript of FTNT earnings conference call or presentation 3-May-18 8:30pm GMTEdited Transcript of FTNT earnings conference call or presentation 3-May-18 8:30pm GMT
finance.yahoo.com - May 4 at 8:29 AM
Fortinet (FTNT) Posts Quarterly  Earnings Results, Beats Estimates By $0.09 EPSFortinet (FTNT) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS
www.americanbankingnews.com - May 3 at 11:31 PM
Michael Xie Sells 3,780 Shares of Fortinet (FTNT) StockMichael Xie Sells 3,780 Shares of Fortinet (FTNT) Stock
www.americanbankingnews.com - May 3 at 8:14 PM
Fortinet (FTNT) Issues Q2 Earnings GuidanceFortinet (FTNT) Issues Q2 Earnings Guidance
www.americanbankingnews.com - May 3 at 6:31 PM

SEC Filings

Fortinet (NASDAQ:FTNT) SEC Filings

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Financials

Fortinet (NASDAQ:FTNT) Income Statement, Balance Sheet and Cash Flow Statement

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Fortinet (NASDAQ FTNT) Stock Chart for Friday, May, 25, 2018

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This page was last updated on 5/25/2018 by MarketBeat.com Staff

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