NASDAQ:FTNT

Fortinet Stock Forecast, Price & News

$201.16
-0.76 (-0.38 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$199.07
Now: $201.16
$203.63
50-Day Range
$163.93
MA: $186.25
$206.14
52-Week Range
$99.76
Now: $201.16
$209.39
Volume1.13 million shs
Average Volume1.23 million shs
Market Capitalization$32.83 billion
P/E Ratio74.78
Dividend YieldN/A
Beta1.1
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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 wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was founded in 2000 and is headquartered in Sunnyvale, California.
Fortinet logo

Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
Current SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700
Employees8,238
Year Founded2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.16 billion
Cash Flow$3.96 per share
Book Value$7.73 per share

Profitability

Net Income$326.50 million

Miscellaneous

Market Cap$32.83 billion
Next Earnings Date4/29/2021 (Confirmed)
OptionableOptionable

Headlines

Fortinet, Inc. (NASDAQ:FTNT) VP Sells $487,938.18 in Stock
April 22, 2021 |  americanbankingnews.com
Fortinet (NASDAQ:FTNT) Price Target Raised to $210.00
April 22, 2021 |  americanbankingnews.com
Is FTNT Stock A Buy or Sell?
April 19, 2021 |  finance.yahoo.com
Fortinet, Inc. (NASDAQ:FTNT) Sees Large Drop in Short Interest
April 18, 2021 |  americanbankingnews.com
Fortinet (NASDAQ:FTNT) Sets New 12-Month High at $198.02
April 12, 2021 |  americanbankingnews.com
IBD 50 Stock Fortinet Gets Promising RS Upgrade
April 6, 2021 |  finance.yahoo.com
Fortinet (NASDAQ:FTNT) Hits New 52-Week High at $194.01
April 6, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.58 out of 5 stars

Computer And Technology Sector

290th out of 1,554 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

5th out of 27 stocks

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
$201.16
-0.76 (-0.38 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortinet (NASDAQ:FTNT) Frequently Asked Questions

Is Fortinet a buy right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 3 sell ratings, 10 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Fortinet stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTNT, but not buy additional shares or sell existing shares.
View analyst ratings for Fortinet
or view top-rated stocks.

What stocks does MarketBeat like better than Fortinet?

Wall Street analysts have given Fortinet a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fortinet wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Fortinet?

Fortinet saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 3,970,000 shares, a decrease of 22.8% from the March 15th total of 5,140,000 shares. Based on an average daily trading volume, of 1,270,000 shares, the short-interest ratio is currently 3.1 days. Approximately 2.9% of the company's shares are sold short.
View Fortinet's Short Interest
.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Fortinet
.

How can I listen to Fortinet's earnings call?

Fortinet will be holding an earnings conference call on Thursday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) announced its quarterly earnings results on Thursday, February, 4th. The software maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.35. The software maker had revenue of $748 million for the quarter, compared to analyst estimates of $722.37 million. Fortinet had a net margin of 18.50% and a trailing twelve-month return on equity of 48.30%.
View Fortinet's earnings history
.

How has Fortinet's stock been impacted by Coronavirus?

Fortinet's stock was trading at $87.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FTNT stock has increased by 128.7% and is now trading at $201.16.
View which stocks have been most impacted by COVID-19
.

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

Fortinet updated its FY21 earnings guidance on Thursday, February, 4th. The company provided earnings per share guidance of $3.60-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.63. The company issued revenue guidance of $3.025-3.075 billion, compared to the consensus revenue estimate of $2.97 billion.

What price target have analysts set for FTNT?

25 analysts have issued twelve-month target prices for Fortinet's stock. Their forecasts range from $104.00 to $240.00. On average, they anticipate Fortinet's stock price to reach $166.78 in the next twelve months. This suggests that the stock has a possible downside of 17.1%.
View analysts' price targets for Fortinet
or view top-rated stocks among Wall Street analysts.

Who are Fortinet's key executives?

Fortinet's management team includes the following people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 58, Pay $1.5M) (LinkedIn Profile)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 52, Pay $706.37k) (LinkedIn Profile)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 62, Pay $787.99k) (LinkedIn Profile)
  • Mr. John Whittle, Exec. VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 52, Pay $654.5k) (LinkedIn Profile)
  • Ms. Ana Pease, VP of Talent Management & Operations (LinkedIn Profile)
  • Mr. Peter M. Salkowski, VP of Investor Relations (LinkedIn Profile)
  • Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products (LinkedIn Profile)
  • Mr. Chris Perna, VP of Talent Acquisition (LinkedIn Profile)
  • Mr. Patrice Perche, Exec. VP of Support & Chief Revenue Officer (LinkedIn Profile)
  • Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications (LinkedIn Profile)

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

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

Who are some of Fortinet's key competitors?

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.com (CRM), The Walt Disney (DIS), Mastercard (MA), Netflix (NFLX), Square (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 many different retail and institutional investors. Top institutional shareholders include New York State Teachers Retirement System (0.11%), Country Trust Bank (0.10%), Chevy Chase Trust Holdings Inc. (0.07%), Hexavest Inc. (0.06%), Gateway Investment Advisers LLC (0.05%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Michael Xie and William H Neukom.
View institutional ownership trends for Fortinet
.

Which institutional investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including Country Trust Bank, Hexavest Inc., New York State Teachers Retirement System, Chevy Chase Trust Holdings Inc., Sentry Investment Management LLC, State of Alaska Department of Revenue, Private Advisor Group LLC, and Retirement Systems of Alabama. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, and Michael Xie.
View insider buying and selling activity for Fortinet
or view top insider-selling stocks.

Which institutional investors are buying Fortinet stock?

FTNT stock was bought by a variety of institutional investors in the last quarter, including TrimTabs Asset Management LLC, Roman Butler Fullerton & Co., Callahan Advisors LLC, Everence Capital Management Inc., Trust Asset Management LLC, Royal London Asset Management Ltd., DnB Asset Management AS, and Cypress Capital Group.
View insider buying and selling activity for Fortinet
or or view top insider-buying stocks.

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 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 $201.16.

How much money does Fortinet make?

Fortinet has a market capitalization of $32.83 billion and generates $2.16 billion in revenue each year. The software maker earns $326.50 million in net income (profit) each year or $1.91 on an earnings per share basis.

How many employees does Fortinet have?

Fortinet employs 8,238 workers across the globe.

Does Fortinet have any subsidiaries?

The following companies are subsidiares of Fortinet: 3Crowd Technologies, AccelOps, Accelops China, Bradford Networks, Bradford Networks Europe Limited, Bradford Networks Inc, Coyote Point Systems, CyberSponse, CyberSponse Federal Inc, CyberSponse Inc, CyberSponse India Private Limited, Fortinet Austria GmbH, Fortinet BV, Fortinet Belgium BV, Fortinet Branch Holding Company, Fortinet Colombia SAS, 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 KK, Fortinet Malaysia SDN BHD, Fortinet Mexico S de RL de CV, Fortinet Network Security Brazil Limitada, Fortinet Networks Mauritius Ltd, Fortinet Networks Romania SRL, Fortinet SARL, Fortinet Security Israel Ltd, Fortinet Security Italy SRL, Fortinet Security Korea Ltd, Fortinet Security LLC, Fortinet Security NZ Limited, Fortinet Security Network (Thailand) Ltd, Fortinet Security Spain SL, Fortinet Singapore Private Limited, Fortinet Technologies (Canada) ULC, Fortinet Technologies India Private Limited, Fortinet Turkey Güvenlik Sistemleri Limited Şirketi, Fortinet UK Ltd, IPLocks, IntruGuard, Meru Networks, OPAQ Networks, PT Fortinet Indonesia Security, Panopta, Secure Element, ShieldX Networks, TalkSwitch, Woven Systems, ZoneFox, ZoneFox Holding Limited, ZoneFox Limited, enSilo, enSilo Inc, enSilo Limited, and enSilo Ltd.

When was Fortinet founded?

Fortinet was founded in 2000.

What is Fortinet's official website?

The official website for Fortinet is www.fortinet.com.

Where are Fortinet's headquarters?

Fortinet is headquartered at 899 KIFER ROAD, SUNNYVALE CA, 94086.

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]


This page was last updated on 4/22/2021 by MarketBeat.com Staff
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