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
Stock Exchange NASDAQ
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 Ratio1.74
Quick Ratio1.66
Price-To-Earnings
Trailing P/E Ratio147.12
Forward P/E Ratio79.88
P/E Growth4.66
Sales & Book Value
Annual Sales$1.49 billion
Price / Sales8.68
Cash Flow$0.8750 per share
Price / Cash87.63
Book Value$3.39 per share
Price / Book22.62
Profitability
EPS (Most Recent Fiscal Year)$0.52
Net Income$31.39 million
Net Margins5.43%
Return on Equity17.51%
Return on Assets5.39%
Miscellaneous
Employees5,066
Outstanding Shares169,140,000
Market Cap$12.73 billion
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 approved a stock buyback program on Friday, October 27th 2017, which allows the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
How were Fortinet's earnings last quarter?
Fortinet Inc (NASDAQ:FTNT) posted its quarterly earnings data on Wednesday, August, 1st. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.22. The software maker earned $441.30 million during the quarter, compared to analyst estimates of $425.66 million. Fortinet had a return on equity of 17.51% and a net margin of 5.43%. The firm's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. View Fortinet's Earnings History.
When is Fortinet's next earnings date?
What guidance has Fortinet issued on next quarter's earnings?
Fortinet updated its FY18 earnings guidance on Wednesday, August, 1st. The company provided earnings per share (EPS) guidance of $1.63-1.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53. The company issued revenue guidance of $1.770 -1.790 billion, compared to the consensus revenue estimate of $1.73 billion.Fortinet also updated its Q3 guidance to $0.41 to $0.43 EPS.
What price target have analysts set for FTNT?
23 brokerages have issued 1 year price objectives for Fortinet's shares. Their forecasts range from $43.00 to $82.00. On average, they anticipate Fortinet's stock price to reach $65.75 in the next twelve months. This suggests that the stock has a possible downside of 14.3%. View Analyst Price Targets for Fortinet.
What is the consensus analysts' recommendation for Fortinet?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 12 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet.
Who are some of Fortinet's key competitors?
Some companies that are related to Fortinet include Palo Alto Networks (PANW), Logitech International (LOGI), SEIKO EPSON Cor/GDR (SEKEY), Xerox (XRX), FireEye (FEYE), HTC (HTCXF), Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Immersion (IMMR), Mitek Systems (MITK), RADCOM (RDCM), AstroNova (ALOT), 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 55)
- Mr. Michael Xie, Founder, Pres, CTO & Director (Age 49)
- Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 49)
- Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 59)
- Mr. Peter M. Salkowski, VP of Investor Relations
Has Fortinet been receiving favorable news coverage?
Media stories about FTNT stock have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fortinet earned a media and rumor sentiment score of 0.05 on Accern's scale. They also gave press coverage about the software maker an impact score of 47.12 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Fortinet.
Who are Fortinet's major shareholders?
Fortinet's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.42%), Renaissance Technologies LLC (2.53%), Bank of New York Mellon Corp (2.24%), Voya Investment Management LLC (1.37%), Bank of Montreal Can (1.21%) and Bank of America Corp DE (0.98%). 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 Bank of New York Mellon Corp, Westpac Banking Corp, Voya Investment Management LLC, Jennison Associates LLC, Highland Capital Management LP, Renaissance Technologies LLC, Millennium Management LLC and Morgan Stanley. 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 acquired by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, Altshuler Shaham Ltd, Bank of Montreal Can, Janus Henderson Group PLC, KBC Group NV, BlackRock Inc., Robeco Institutional Asset Management B.V. and Teacher Retirement System of Texas. 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 $76.68.
How big of a company is Fortinet?
Fortinet has a market capitalization of $12.73 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 (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.
