Fortinet (FTNT) Stock Forecast, Price & News

Fortinet (NASDAQ:FTNT) Frequently Asked Questions

Is Fortinet a buy right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Fortinet stock.
View analyst ratings for Fortinet or view top-rated stocks.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Fortinet.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) issued its quarterly earnings data on Wednesday, May, 4th. The software maker reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.34. The software maker earned $954.80 million during the quarter, compared to the consensus estimate of $886.45 million. Fortinet had a trailing twelve-month return on equity of 67.94% and a net margin of 17.79%. Fortinet's quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 earnings per share.
View Fortinet's earnings history.

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

Fortinet issued an update on its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $1.05-$1.10 for the period, compared to the consensus EPS estimate of $1.13. The company issued revenue guidance of $1.00 billion-$1.03 billion, compared to the consensus revenue estimate of $1.01 billion.

What price target have analysts set for FTNT?

22 equities research analysts have issued 1 year target prices for Fortinet's shares. Their forecasts range from $265.00 to $425.00. On average, they expect Fortinet's share price to reach $356.55 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
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 59, Pay $1.78M)
• Mr. Michael Xie, Founder, Pres, CTO & Director (Age 53, Pay $788.09k) (LinkedIn Profile)
• Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 63, Pay $896.33k) (LinkedIn Profile)
• Mr. John Whittle, Exec. VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 53, Pay $664.94k)
• Ms. Ana Pease, VP of Talent Management & Operations
• Mr. Peter M. Salkowski, VP of Investor Relations
• Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products
• Mr. Chris Perna, VP of Talent Acquisition
• Mr. Patrice Perche, Exec. VP of Support & Chief Revenue Officer
• Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications

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?

Some companies that are related to Fortinet include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Axon Enterprise (AXON), Qualys (QLYS), Commvault Systems (CVLT), Progress Software (PRGS), C3.ai (AI) and FalconStor Software (FALC).
View all of FTNT's 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 (CRM), 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.47%), BlackRock Inc. (7.21%), State Street Corp (3.35%), Bank of New York Mellon Corp (2.74%), Northern Trust Corp (0.91%) and Invesco Ltd. (0.83%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Michael Xie and William H Neukom.
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 Vanguard Group Inc., Invesco Ltd., Mitsubishi UFJ Trust & Banking Corp, Assenagon Asset Management S.A., Federated Hermes Inc., State Street Corp, Bank of New York Mellon Corp, and Personal Capital Advisors Corp. Company insiders that have sold Fortinet company stock in the last year include John Whittle, Keith Jensen, Kelly Ducourty, and Michael Xie.
View insider buying and selling activity for Fortinet or view top insider-selling stocks.

Which major investors are buying Fortinet stock?

FTNT stock was acquired by a variety of institutional investors in the last quarter, including Twin Tree Management LP, Arrowstreet Capital Limited Partnership, Neuberger Berman Group LLC, Lord Abbett & CO. LLC, Bank of Montreal Can, Wedge Capital Management L L P NC, Prudential Financial Inc., and Ergoteles LLC.
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.
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What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $285.92.

How much money does Fortinet make?

Fortinet has a market capitalization of $45.90 billion and generates $3.34 billion in revenue each year. The software maker earns $606.80 million in net income (profit) each year or $3.819990 on an earnings per share basis.

How many employees does Fortinet have?

Fortinet 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..

When was Fortinet founded?

Fortinet was founded in 2000.

What is Fortinet's official website?

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

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, via email at [email protected], or via fax at 408-235-7737.