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AMD   75.16 (+0.33%)
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MU   62.80 (+2.05%)
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QQQ   293.34 (+1.95%)
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MSFT   248.00 (+3.07%)
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GOOGL   97.52 (+2.42%)
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TSLA   160.27 (+10.97%)
NVDA   198.02 (+2.48%)
NIO   12.17 (+4.64%)
BABA   120.57 (+0.27%)
AMD   75.16 (+0.33%)
T   20.00 (-2.06%)
MU   62.80 (+2.05%)
F   12.92 (+1.02%)
CGC   2.76 (+0.00%)
GE   81.14 (+0.43%)
DIS   109.70 (+1.46%)
AMC   5.28 (-0.94%)
PFE   44.25 (-0.92%)
PYPL   80.81 (+2.16%)
NFLX   364.87 (-0.84%)

Fortinet - FTNT Stock Forecast, Price & News

$53.21
+1.45 (+2.80%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$51.94
$54.57
50-Day Range
$47.45
$55.38
52-Week Range
$42.61
$71.52
Volume
6.41 million shs
Average Volume
5.26 million shs
Market Capitalization
$41.57 billion
P/E Ratio
58.73
Dividend Yield
N/A
Price Target
$66.15

Fortinet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
24.3% Upside
$66.15 Price Target
Short Interest
Healthy
2.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.08mentions of Fortinet in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$171,875 Sold Last Quarter
Proj. Earnings Growth
17.78%
From $0.90 to $1.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.86 out of 5 stars

Computer And Technology Sector

14th out of 627 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

1st out of 13 stocks


FTNT stock logo

About Fortinet (NASDAQ:FTNT) Stock

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security, Infrastructure Security, Cloud Security, and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment includes the majority of product sales from its FortiGate network security appliances. The Infrastructure Security segment provides a platform, which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public clouds. Together with its network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated, and collaborative solution. The Cloud Security segment provides help to customers to connect securely to and across their cloud environments by offering security through its virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment includes the

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FTNT Stock News Headlines

Fortinet Stock Price Bumpy, Here Is Why (FTNT)
Fortinet addressed a couple of security concerns for some of its software, and cyber threats are set to increase dramatically moving forward.
These 3 Tech Stocks Are in for a Happier New Year (FTNT)
When looking at stocks from the beat up tech sector heading into 2023, companies with improving fundamentals and attractive valuations are the best bet.
Stocks News Announcement
Don't miss this update. Read the press release about Small Pharma.
Guggenheim Starts Fortinet at Neutral
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Fortinet (NASDAQ:FTNT) Price Target Cut to $60.00
Fortinet (NASDAQ:FTNT) Coverage Initiated at Scotiabank
Fortinet (NASDAQ:FTNT) Cut to "Neutral" at BTIG Research
2 Stocks to Buy Before the Next Bull Market
Why Fortinet Investors Weren't Fortunate Today
See More Headlines
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FTNT Company Calendar

Last Earnings
11/02/2022
Today
1/26/2023
Next Earnings (Confirmed)
2/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Systems Software
Current Symbol
NASDAQ:FTNT
CUSIP
34959E10
Employees
10,195
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$66.15
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+24.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
25 Analysts

Profitability

Net Income
$606.80 million
Pretax Margin
19.39%

Debt

Sales & Book Value

Annual Sales
$3.34 billion
Cash Flow
$0.98 per share
Book Value
$0.98 per share

Miscellaneous

Free Float
635,926,000
Market Cap
$41.57 billion
Optionable
Optionable
Beta
1.13

Social Links


Key Executives

  • Ken XieKen Xie
    Chairman & Chief Executive Officer
  • Michael XieMichael Xie
    President, Director & Chief Technology Officer
  • Keith Franklin Jensen
    CFO, Chief Accounting Officer & Controller
  • John Lunsford Gregory Whittle
    Secretary, Executive VP & General Counsel
  • Patrice Perche
    Chief Revenue Officer & EVP Support













FTNT Stock - Frequently Asked Questions

Should I buy or sell Fortinet stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 7 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FTNT shares.
View FTNT analyst ratings
or view top-rated stocks.

What is Fortinet's stock price forecast for 2023?

25 Wall Street research analysts have issued twelve-month price objectives for Fortinet's shares. Their FTNT share price forecasts range from $53.00 to $78.00. On average, they anticipate the company's stock price to reach $66.15 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
View analysts price targets for FTNT
or view top-rated stocks among Wall Street analysts.

How have FTNT shares performed in 2023?

Fortinet's stock was trading at $48.89 at the start of the year. Since then, FTNT shares have increased by 8.8% and is now trading at $53.21.
View the best growth stocks for 2023 here
.

When is Fortinet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our FTNT earnings forecast
.

How can I listen to Fortinet's earnings call?

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.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) posted its earnings results on Wednesday, November, 2nd. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The software maker had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.12 billion. Fortinet had a trailing twelve-month return on equity of 9,183.04% and a net margin of 18.12%. The business's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share.
Read the conference call transcript
.

When did Fortinet's stock split?

Fortinet shares split before market open on Thursday, June 23rd 2022. The 5-1 split was announced on Thursday, June 9th 2022. The newly issued shares were distributed 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.

What guidance has Fortinet issued on next quarter's earnings?

Fortinet issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $0.38-$0.40 for the period, compared to the consensus 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.

What is Ken Xie's approval rating as Fortinet's CEO?

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.

What other stocks do shareholders of Fortinet own?

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).

What is Fortinet's stock symbol?

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

Who are Fortinet's major shareholders?

Fortinet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.16%), Stephens Investment Management Group LLC (0.12%), Allspring Global Investments Holdings LLC (0.10%), National Bank of Canada FI (0.08%), Country Trust Bank (0.07%) and Ferguson Wellman Capital Management Inc. (0.06%). Insiders that own company stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Michael Xie and William H Neukom.
View institutional ownership trends
.

How do I buy shares of Fortinet?

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.
Compare Top Brokerages Here.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $53.21.

How much money does Fortinet make?

Fortinet (NASDAQ:FTNT) has a market capitalization of $41.57 billion and generates $3.34 billion in revenue each year. The software maker earns $606.80 million in net income (profit) each year or $0.9060 on an earnings per share basis.

How many employees does Fortinet have?

The company employs 10,195 workers across the globe.

Does Fortinet have any subsidiaries?
The following companies are subsidiares of Fortinet: 3Crowd Technologies, AJ Holdings 1 K.K., AJ Holdings 2 K.K., ALAXALA Networks Corporation, AccelOps, Accelops China, Bradford Networks, Coyote Point Systems, CyberSponse, CyberSponse Inc., CyberSponse India Private Limited, Fortinet Austria GmbH, Fortinet BV, Fortinet Belgium BV, Fortinet Branch Holding Company, Fortinet Colombia S.A.S, 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 G.K., Fortinet Malaysia SDN. BHD., Fortinet Mexico S. de R.L. de C.V., Fortinet Network Security Brazil Limitada, Fortinet Networks Mauritius Ltd, Fortinet Networks Romania S.R.L., Fortinet Portugal Unipessoal Lda, Fortinet S.A.R.L., Fortinet Security Israel Ltd., Fortinet Security Italy S.R.L., Fortinet Security Korea Ltd., Fortinet Security LLC, Fortinet Security NZ Limited, Fortinet Security Network (Thailand) Ltd., Fortinet Security Philippines Inc., Fortinet Security Spain S.L., Fortinet Singapore Private Limited, Fortinet Switzerland GmbH, Fortinet Technologies (Canada) ULC, Fortinet Technologies India Private Limited, Fortinet Turkey Güvenlik Sistemleri Limited Şirketi, Fortinet UK Ltd., Holdings 1502 Enterprises Ltd., Holdings 1504 Enterprises Inc., IPLocks, IntruGuard, Linksys Cayman LLC, Linksys HK Limited, Linksys Holdings Inc., Linksys PTE LTD, Linksys Trading Shanghai Co. Ltd, Linksys UK Limited, Meru Networks, OPAQ Networks, OPAQ Networks Inc., PT Fortinet Indonesia Security, Panopta, Panopta Holdings LLC, Panopta LLC, Secure Element, ShieldX Networks, Sken.ai, TalkSwitch, Volon Cyber Security Private Limited, Woven Systems, ZoneFox, enSilo, enSilo Inc., and enSilo Ltd..
Read More
How can I contact Fortinet?

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.

This page (NASDAQ:FTNT) was last updated on 1/26/2023 by MarketBeat.com Staff