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

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$58.90 +0.13 (+0.22 %)

(As of 05/23/2018 10:55 AM ET)

Previous Close$58.41

Today's Range$58.32 - $59.17

52-Week Range$35.44 - $60.81

Volume13,065 shs

Average Volume1.80 million shs

Market Capitalization$9.97 billion

P/E Ratio112.40

Dividend YieldN/A

Beta0.75

About Fortinet (NASDAQ:FTNT)

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.

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Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified

Sub-IndustrySystems Software

SectorComputer and Technology

SymbolNASDAQ:FTNT

CUSIP34959E10

Webwww.fortinet.com

Phone408-235-7700

Debt

Debt-to-Equity RatioN/A

Current Ratio1.69

Quick Ratio1.61

Price-To-Earnings

Trailing P/E Ratio112.40

Forward P/E Ratio70.12

P/E Growth4.2

Sales & Book Value

Annual Sales$1.49 billion

Price / Sales6.62

Cash Flow$0.8531 per share

Price / Cash69.04

Book Value$4.13 per share

Price / Book14.26

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 declared that its board has authorized a stock repurchase program on Friday, October 27th 2017, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were Fortinet's earnings last quarter?

Fortinet Inc (NASDAQ:FTNT) announced its quarterly 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 had revenue of $399 million for 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 firm's revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company 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 issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (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 brokerages 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 share price to reach $54.50 in the next twelve months. 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?

Some companies that are related to Fortinet include Palo Alto Networks (PANW), Epson (SEKEY), Xerox (XRX), Logitech (LOGI), FireEye (FEYE), HTC (HTCXF), ForeScout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Immersion (IMMR), Mitek Systems (MITK), Radcom (RDCM), AstroNova (ALOT), Key Tronic (KTCC) and TransAct Technologies (TACT).

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?

News stories about FTNT stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. 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 sentiment score of 0.19 on Accern's scale. They also assigned press coverage about the software maker an impact score of 46.61 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are Fortinet's major shareholders?

Fortinet's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 acquired 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 $58.90.

How big of a company is Fortinet?

Fortinet has a market capitalization of $9.97 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 ( )
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.

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 7.47%. 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."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Hold	Hold	Buy	Buy
Consensus Rating Score:	2.42	2.42	2.50	2.68
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	$50.2273	$47.4545	$44.0588
Price Target Upside:	7.47% downside	10.91% downside	3.45% upside	13.73% upside

Fortinet (NASDAQ:FTNT) Consensus Price Target History

Price Target History for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ:FTNT) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/21/2018	UBS	Boost Price Target	Buy ➝ Buy	$64.00 ➝ $67.00	Low
5/4/2018	Bank of America	Boost Price Target	Buy ➝ Buy	$63.00 ➝ $64.00	Low
5/4/2018	Morgan Stanley	Set Price Target	Equal Weight ➝ Hold	$53.00 ➝ $55.00	Low
5/4/2018	Credit Suisse Group	Boost Price Target	Underperform ➝ Underperform	$37.00 ➝ $43.00	Low
5/4/2018	Deutsche Bank	Boost Price Target	Hold ➝ Hold	$47.00 ➝ $61.00	Low
5/4/2018	Stifel Nicolaus	Boost Price Target	Hold ➝ Hold	$46.00 ➝ $60.00	High
5/4/2018	Monness Crespi & Hardt	Boost Price Target	Buy ➝ Buy	$60.00 ➝ $64.00	High
5/4/2018	Piper Jaffray Companies	Reiterated Rating	Overweight	$64.00	High
5/4/2018	JPMorgan Chase	Boost Price Target	Neutral	$58.00	High
5/4/2018	BMO Capital Markets	Boost Price Target	Outperform ➝ Outperform	$58.00 ➝ $61.00	High
5/4/2018	Evercore ISI	Reiterated Rating	Hold	$53.00	High
4/16/2018	Citigroup	Boost Price Target	Neutral ➝ Neutral	$45.00 ➝ $56.00	Low
3/27/2018	Oppenheimer	Boost Price Target	Outperform	$55.00 ➝ $60.00	High
3/22/2018	KeyCorp	Reiterated Rating	Equal Weight		Low
2/6/2018	Royal Bank of Canada	Boost Price Target	Sector Perform	$46.00	High
2/6/2018	Barclays	Boost Price Target	Equal Weight ➝ Equal Weight	$48.00 ➝ $50.00	High
2/6/2018	Robert W. Baird	Reiterated Rating	Buy	$56.00	High
2/1/2018	Dougherty & Co	Downgrade	Buy ➝ Neutral		Low
1/26/2018	JMP Securities	Boost Price Target	Market Outperform ➝ Market Outperform	$41.00 ➝ $54.00	Low
1/26/2018	Raymond James	Reiterated Rating	Outperform ➝ Market Perform		Medium
9/8/2017	Cowen	Reiterated Rating	Buy	$43.00	Low
7/5/2017	OTR Global	Upgrade	Positive		Low
6/29/2017	Northland Securities	Initiated Coverage	Outperform	$45.00	Low
6/7/2017	Susquehanna Bancshares	Initiated Coverage	Neutral ➝ Neutral	$45.00	Low
12/12/2016	Gabelli	Reiterated Rating	Buy		N/A
10/28/2016	Needham & Company LLC	Lower Price Target	Buy	$41.00 ➝ $36.00	N/A
10/21/2016	First Analysis	Initiated Coverage	Equal ➝ Equal Weight	$32.00	N/A
10/13/2016	Wells Fargo & Co	Reiterated Rating	Outperform	$43.50 ➝ $37.00	N/A
10/12/2016	Nomura	Lower Price Target	Buy	$55.00 ➝ $47.00	N/A
10/12/2016	Wunderlich	Lower Price Target	Buy	$45.00 ➝ $42.00	N/A
10/12/2016	Stephens	Downgrade	Overweight ➝ Equal Weight	$43.00 ➝ $32.00	N/A
10/12/2016	Goldman Sachs	Lower Price Target	Conviction-Buy ➝ Buy	$43.00 ➝ $36.00	N/A
8/30/2016	Pacific Crest	Upgrade	Sector Weight ➝ Overweight	$47.00	N/A

(Data available from 5/23/2016 forward)

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

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.08	$0.08	$0.08
Q2 2018	1	$0.18	$0.18	$0.18
Q3 2018	1	$0.21	$0.21	$0.21
Q4 2018	3	$0.27	$0.33	$0.30

Fortinet (NASDAQ FTNT) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
7/24/2018		$0.35					N/A
5/3/2018	Q1 2018	$0.24	$0.33	$390.60 million	$399.00 million	View	N/A
2/5/2018	Q4 2017	$0.29	$0.32	$409.04 million	$416.70 million	View	Listen
10/26/2017	Q3 2017	$0.23	$0.28	$370.67 million	$374.20 million	View	N/A
7/26/2017	Q2 2017	$0.20	$0.27	$361.05 million	$363.50 million	View	N/A
4/27/2017	Q1 2017	$0.02	$0.07	$334.44 million	$340.60 million	View	N/A
2/2/2017	Q4 2016	$0.21	$0.30	$344.59 million	$362.80 million	View	Listen
10/27/2016	Q3	$0.03	$0.18	$314.33 million	$316.60 million	View	Listen
7/28/2016	Q216	$0.14	$0.14	$304.71 million	$311.40 million	View	Listen
4/26/2016	Q116	$0.09	$0.12	$273.46 million	$284.60 million	View	Listen
1/28/2016	Q415	$0.18	$0.18	$296.28 million	$296.50 million	View	Listen
10/22/2015	Q315	$0.12	$0.14	$258.72 million	$260.10 million	View	Listen
7/22/2015	Q215	$0.09	$0.11	$227.61 million	$239.80 million	View	Listen
4/20/2015	Q115	$0.06	$0.08	$204.03 million	$212.89 million	View	Listen
1/28/2015	Q414	$0.14	$0.14	$210.77 million	$224.00 million	View	Listen
10/22/2014	Q3	$0.11	$0.12	$184.90 million	$193.30 million	View	Listen
7/23/2014	Q214	$0.10	$0.11	$171.58 million	$184.10 million	View	N/A
4/23/2014	Q114	$0.09	$0.11	$157.96 million	$168.90 million	View	Listen
1/29/2014	Q413	$0.14	$0.15	$165.97 million	$177.40 million	View	Listen
10/23/2013	Q313	$0.11	$0.12	$151.00 million	$154.70 million	View	N/A
7/30/2013	Q2 2013	$0.10	$0.10	$142.63 million	$147.40 million	View	N/A
4/30/2013	Q1 2013	$0.10	$0.10	$135.12 million	$135.80 million	View	N/A
1/30/2013	Q4 2012	$0.15	$0.17	$144.28 million	$151.16 million	View	N/A
10/16/2012		$0.14	$0.14			View	N/A
7/25/2012		$0.12	$0.12			View	N/A
4/24/2012	Q1 2012	$0.09	$0.09			View	N/A
1/31/2012		$0.12	$0.14			View	N/A
10/24/2011		$0.09	$0.13			View	N/A
7/19/2011		$0.08	$0.09			View	N/A
4/27/2011		$0.14	$0.17			View	N/A
1/25/2011		$0.14	$0.22			View	N/A
10/21/2010	Q3 2010	$0.05	$0.09			View	N/A
7/22/2010	Q2 2010	$0.03	$0.05			View	N/A
4/28/2010	Q1 2010	$0.03	$0.03			View	N/A
1/27/2010	Q4 2009	$0.03	$0.05			View	N/A

(Earnings results data provided by Zacks Investment Research)

Fortinet (NASDAQ:FTNT) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

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 Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/16/2018	Keith Jensen	CFO	Sell	3,424	$59.24	$202,837.76
5/10/2018	John Whittle	VP	Sell	1,250	$60.00	$75,000.00	9,309
5/10/2018	Judith Sim	Director	Sell	7,500	$60.05	$450,375.00	11,250
5/10/2018	Keith Jensen	CFO	Sell	12,925	$59.87	$773,819.75	10,454
5/8/2018	John Whittle	VP	Sell	2,835	$55.38	$157,002.30	8,684
5/2/2018	Michael Xie	VP	Sell	3,780	$56.02	$211,755.60	6,694,500
3/12/2018	John Whittle	VP	Sell	624	$54.44	$33,970.56
2/15/2018	John Whittle	VP	Sell	679	$48.69	$33,060.51	8,684
2/12/2018	Christopher B Paisley	Director	Sell	4,000	$46.71	$186,840.00	72,937
2/12/2018	John Whittle	VP	Sell	29,946	$47.00	$1,407,462.00	9,310
2/8/2018	Ken Xie	CEO	Sell	89,423	$45.08	$4,031,188.84	12,608,811
2/5/2018	John Whittle	VP	Sell	11,728	$44.81	$525,531.68	7,181
2/2/2018	Michael Xie	VP	Sell	19,790	$45.30	$896,487.00	7,181
12/19/2017	John Whittle	VP	Sell	13,749	$45.00	$618,705.00	18,430
12/1/2017	Michael Xie	VP	Sell	40,000	$41.95	$1,678,000.00	6,692,200
11/20/2017	Ming Hsieh	Director	Sell	331	$40.41	$13,375.71
11/15/2017	Keith Jensen	Insider	Sell	625	$39.63	$24,768.75
11/13/2017	Christopher B Paisley	Director	Sell	4,000	$40.02	$160,080.00	72,606
11/9/2017	Ming Hsieh	Director	Sell	5,332	$39.64	$211,360.48	331
11/8/2017	John Whittle	VP	Sell	3,883	$40.00	$155,320.00	4,681
11/8/2017	Keith Jensen	Insider	Sell	1,850	$39.20	$72,520.00	1,374
11/2/2017	Michael Xie	VP	Sell	3,585	$38.60	$138,381.00	6,714,500
8/22/2017	Keith Jensen	Insider	Sell	667	$37.03	$24,699.01
8/9/2017	Keith Jensen	Insider	Sell	1,850	$36.47	$67,469.50	1,315
8/8/2017	Keith Jensen	CAO	Sell	950	$36.67	$34,836.50	1,315
8/2/2017	Christopher B Paisley	Director	Sell	4,000	$36.39	$145,560.00	66,611
8/2/2017	John Whittle	VP	Sell	2,091	$36.27	$75,840.57	7,181
6/8/2017	Ming Hsieh	Director	Sell	4,743	$39.29	$186,352.47
5/17/2017	Keith Jensen	Insider	Sell	624	$40.73	$25,415.52	978
5/10/2017	Keith Jensen	Insider	Sell	1,850	$39.42	$72,927.00	1,254
5/5/2017	John Whittle	VP	Sell	5,583	$40.00	$223,320.00	4,681
5/2/2017	John Whittle	VP	Sell	11,057	$39.45	$436,198.65	11,868
5/1/2017	Christopher B Paisley	Director	Sell	6,000	$39.04	$234,240.00	67,949
3/1/2017	Matto Andrew H Del	CFO	Sell	3,250	$36.96	$120,120.00	20,785
2/21/2017	Keith Jensen	Insider	Sell	3,482	$37.41	$130,261.62	3,777
2/8/2017	Keith Jensen	CAO	Sell	2,250	$37.62	$84,645.00	2,545
2/8/2017	Ken Xie	CEO	Sell	25,000	$37.59	$939,750.00	12,485,375
2/7/2017	Keith Jensen	CAO	Sell	1,300	$37.97	$49,361.00	2,545
2/7/2017	Ken Xie	CEO	Sell	25,000	$37.82	$945,500.00	12,485,375
2/7/2017	Matto Andrew H Del	CFO	Sell	8,000	$37.97	$303,760.00	23,315
2/3/2017	John Whittle	VP	Sell	13,135	$37.15	$487,965.25	10,005
2/2/2017	Michael Xie	VP	Sell	69,095	$33.15	$2,290,499.25	6,484,500
12/7/2016	Ken Xie	CEO	Sell	50,000	$30.38	$1,519,000.00	12,835,800
12/5/2016	Ken Xie	CEO	Sell	20,000	$30.25	$605,000.00	12,835,800
12/5/2016	Matto Andrew H Del	CFO	Sell	2,750	$29.39	$80,822.50	6,418
11/9/2016	Keith Jensen	Insider	Sell	1,300	$31.34	$40,742.00	1,224
11/8/2016	Keith Jensen	CAO	Sell	350	$31.49	$11,021.50	1,224
11/2/2016	Matto Andrew H Del	CFO	Sell	5,500	$31.71	$174,405.00	17,186
11/2/2016	Michael Xie	VP	Sell	3,585	$31.77	$113,895.45	6,484,500
11/1/2016	Christopher B Paisley	Director	Sell	6,000	$31.86	$191,160.00	66,625
9/1/2016	John Whittle	VP	Sell	834	$36.70	$30,607.80	5,515
9/1/2016	Matto Andrew H Del	CFO	Sell	3,250	$36.29	$117,942.50	9,686
8/23/2016	Keith Jensen	Insider	Sell	900	$35.47	$31,923.00
8/22/2016	Ming Hsieh	Director	Sell	23,900	$34.84	$832,676.00
8/16/2016	John Whittle	VP	Sell	13,833	$34.85	$482,080.05	17,531
8/16/2016	Matto Andrew H. Del	CFO	Sell	1,500	$35.00	$52,500.00
8/15/2016	John Whittle	VP	Sell	983	$32.86	$32,301.38	17,531
8/8/2016	Keith Jensen	Insider	Sell	1,900	$33.53	$63,707.00	229
8/2/2016	Christopher B Paisley	Director	Sell	6,000	$34.07	$204,420.00	60,648
8/2/2016	John Whittle	VP	Sell	15,007	$34.91	$523,894.37	18,969
8/2/2016	Matto Andrew H Del	CFO	Sell	5,500	$34.07	$187,385.00	22,099
8/1/2016	John Whittle	VP	Sell	13,663	$35.00	$478,205.00	18,969
6/1/2016	Matto Andrew H Del	CFO	Sell	2,750	$34.23	$94,132.50	14,599
5/6/2016	Keith Jensen	CAO	Sell	1,100	$31.60	$34,760.00	218
5/2/2016	John Whittle	VP	Sell	1,435	$32.48	$46,608.80	6,866
5/2/2016	Matto Andrew H Del	CFO	Sell	6,250	$32.06	$200,375.00	14,867
3/22/2016	John Whittle	VP	Sell	1,779	$30.00	$53,370.00	6,241
3/1/2016	Matto Andrew H Del	CFO	Sell	2,250	$28.94	$65,115.00	19,117
2/16/2016	Christopher B. Paisley	Director	Sell	6,000	$24.70	$148,200.00	53,674
2/16/2016	Keith Jensen	CAO	Sell	200	$24.58	$4,916.00	187
2/8/2016	Keith Jensen	CAO	Sell	1,400	$24.16	$33,824.00	164
2/2/2016	Matto Andrew H. Del	CFO	Sell	4,500	$27.45	$123,525.00	21,367
2/2/2016	Michael Xie	VP	Sell	7,670	$27.45	$210,541.50	6,482,000
12/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$35.91	$116,707.50	5,369
11/16/2015	Christopher B. Paisley	Director	Sell	6,000	$33.05	$198,300.00	52,699
11/3/2015	John Whittle	VP	Sell	2,538	$34.85	$88,449.30
11/3/2015	Matto Andrew H. Del	CFO	Sell	3,250	$34.64	$112,580.00	8,619
11/2/2015	Michael Xie	VP	Sell	2,887	$34.78	$100,409.86	6,284,400
10/27/2015	Matto Andrew H Del	CFO	Sell	3,250	$34.50	$112,125.00	8,283
9/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$41.32	$134,290.00	11,533
8/28/2015	Hong Liang Lu	Director	Sell	15,000	$42.69	$640,350.00	7,725
8/14/2015	Christopher B Paisley	Director	Sell	6,000	$46.28	$277,680.00
6/3/2015	Michael Xie	VP	Sell	55,000	$40.05	$2,202,750.00
6/2/2015	Ken Xie	CEO	Sell	90,000	$39.81	$3,582,900.00
6/1/2015	Matto Andrew H Del	CFO	Sell	3,250	$40.14	$130,455.00
5/15/2015	Christopher B Paisley	Director	Sell	6,000	$38.76	$232,560.00
5/6/2015	Michael Xie	VP	Sell	72,233	$37.69	$2,722,461.77
5/4/2015	John Whittle	VP	Sell	34,943	$38.36	$1,340,413.48
4/23/2015	Matto Andrew H Del	CFO	Sell	3,250	$38.05	$123,662.50
4/1/2015	Michael Xie	VP	Sell	30,000	$33.99	$1,019,700.00
3/4/2015	Michael Xie	VP	Sell	30,000	$33.72	$1,011,600.00
2/24/2015	Hong Liang Lu	Director	Sell	25,000	$33.67	$841,750.00
2/4/2015	Michael Xie	VP	Sell	30,000	$30.92	$927,600.00
2/3/2015	John Whittle	VP	Sell	1,776	$30.11	$53,475.36
2/3/2015	Ken Xie	CEO	Sell	30,000	$30.33	$909,900.00
12/3/2014	Ken Xie	CEO	Sell	28,977	$27.50	$796,867.50
12/3/2014	Michael Xie	VP	Sell	50,000	$27.42	$1,371,000.00
12/2/2014	Ken Xie	CEO	Sell	24,834	$27.50	$682,935.00
12/2/2014	Michael Xie	VP	Sell	25,000	$27.42	$685,500.00
11/5/2014	Michael Xie	VP	Sell	25,000	$26.48	$662,000.00
11/4/2014	John Whittle	VP	Sell	1,501	$26.41	$39,641.41
11/3/2014	Christopher B Paisley	Director	Sell	10,000	$26.28	$262,800.00
10/8/2014	Michael Xie	VP	Sell	31,600	$24.84	$784,944.00
10/7/2014	Michael Xie	VP	Sell	9,100	$25.02	$227,682.00
9/10/2014	Michael Xie	VP	Sell	70,000	$26.23	$1,836,100.00
8/12/2014	Michael Xie	VP	Sell	20,000	$24.99	$499,800.00
8/7/2014	John Whittle	VP	Sell	1,755	$25.00	$43,875.00
8/4/2014	Michael Xie	VP	Sell	2,210	$24.05	$53,150.50
8/1/2014	Christopher B Paisley	Director	Sell	10,000	$24.27	$242,700.00
7/29/2014	Michael Xie	VP	Sell	20,000	$25.24	$504,800.00
6/30/2014	John Whittle	VP	Sell	21,032	$25.00	$525,800.00
5/2/2014	Michael Xie	VP	Sell	2,209	$21.98	$48,553.82	6,628,000
5/1/2014	Christopher Paisley	Director	Sell	10,000	$22.01	$220,100.00	1,875
2/4/2014	Michael Xie	VP	Sell	6,762	$20.58	$139,161.96	6,628,000
2/3/2014	Christopher Paisley	Director	Sell	10,000	$20.78	$207,800.00	1,562
10/28/2013	Michael Xie	VP	Sell	2,600	$20.05	$52,130.00
8/1/2013	Christopher Paisley	Director	Sell	20,000	$21.45	$429,000.00
2/26/2013	John Whittle	VP	Sell	14,584	$25.00	$364,600.00
8/10/2012	John Whittle	VP	Sell	1,042	$24.54	$25,570.68

(Data available from 1/1/2013 forward)

Fortinet (NASDAQ FTNT) News Headlines

Source:

Date	Headline
	FY2018 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 ... globenewswire.com - May 22 at 5:02 PM
	Fortinet 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 UBS www.americanbankingnews.com - May 21 at 10:55 AM
	Fortinet (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 www.americanbankingnews.com - May 18 at 2:54 AM
	Fortinet (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 www.americanbankingnews.com - May 16 at 1:26 PM
	Fortinet 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) Stock www.americanbankingnews.com - May 11 at 8:39 PM
	Insider 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) Stock www.americanbankingnews.com - May 11 at 7:41 PM
	Fortinet Reaches Analyst Target Price www.nasdaq.com - May 11 at 5:43 PM
	Fortinet (FTNT) Hits a 52-Week High, Can the Run Continue? finance.yahoo.com - May 11 at 5:43 PM
	Form DEFA14A FORTINET INC www.streetinsider.com - May 11 at 8:45 AM
	Form DEF 14A FORTINET INC For: Jun 22 www.streetinsider.com - May 11 at 8:45 AM
	SonicWALL 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 Micro www.prnewswire.com - May 10 at 8:35 AM
	Fortinet (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? finance.yahoo.com - May 9 at 5:23 PM
	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 America www.americanbankingnews.com - May 5 at 3:01 AM
	Fortinet (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 Bank www.americanbankingnews.com - May 5 at 2:59 AM
	Fortinet (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 & Hardt www.americanbankingnews.com - May 4 at 10:33 PM
	Fortinet'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 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 ... 247wallst.com - May 4 at 5:21 PM
	Fortinet (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 Estimates finance.yahoo.com - May 4 at 5:21 PM
	Fortinet (FTNT) PT Raised to $58.00 www.americanbankingnews.com - May 4 at 3:16 PM
	Fortinet'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 $61.00 www.americanbankingnews.com - May 4 at 10:28 AM
	Fortinet's (FTNT) Hold Rating Reiterated at Evercore ISI www.americanbankingnews.com - May 4 at 10:07 AM
	Fortinet'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 $0.24 www.reuters.com - May 4 at 8:29 AM
	UPDATE 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 Slides seekingalpha.com - May 4 at 8:29 AM
	Fortinet (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 GMT finance.yahoo.com - May 4 at 8:29 AM
	Fortinet (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) Stock www.americanbankingnews.com - May 3 at 8:14 PM
	Fortinet (FTNT) Issues Q2 Earnings Guidance www.americanbankingnews.com - May 3 at 6:31 PM
	Fortinet (FTNT) Issues FY18 Earnings Guidance www.americanbankingnews.com - May 3 at 6:31 PM
	Fortinet quarterly profit surges finance.yahoo.com - May 3 at 5:15 PM
	Fortinet Reports First Quarter 2018 Financial Results finance.yahoo.com - May 3 at 5:15 PM
	Fortinet profit, revenue beat estimates on demand for security products finance.yahoo.com - May 3 at 5:15 PM
	Fortinet: 1Q Earnings Snapshot finance.yahoo.com - May 3 at 5:15 PM
	Fortinet (FTNT) Lifted to "Buy" at Zacks Investment Research www.americanbankingnews.com - May 2 at 12:25 PM

Fortinet (NASDAQ:FTNT) SEC Filings

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

Fortinet (NASDAQ FTNT) Stock Chart for Wednesday, May, 23, 2018

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This page was last updated on 5/23/2018 by MarketBeat.com Staff