NASDAQ:FTNT - Fortinet Stock Price, News, & Analysis

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$91.08 -1.29 (-1.40 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$91.08
Today's Range$88.2127 - $91.12
52-Week Range$53.40 - $96.96
Volume2.21 million shs
Average Volume1.91 million shs
Market Capitalization$15.54 billion
P/E Ratio80.60
Dividend YieldN/A
Beta0.9
Fortinet, Inc. provides broad, integrated, and automated 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 wide area network acceleration; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions. 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; FortiAnalyzer product family, which provides centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products, including software updates, configuration, policy settings, and security updates, as well as FortiAP product family, which provides secure wireless networking solutions. 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. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company 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
Current SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.80 billion
Cash Flow$1.9195 per share
Book Value$5.93 per share

Profitability

Net Income$332.20 million

Miscellaneous

Employees5,845
Market Cap$15.54 billion
Next Earnings Date5/2/2019 (Confirmed)
OptionableOptionable

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 initiated a share buyback program on Friday, October 27th 2017, which allows the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

How were Fortinet's earnings last quarter?

Fortinet Inc (NASDAQ:FTNT) announced its quarterly earnings data on Wednesday, February, 6th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.11. The software maker earned $507 million during the quarter, compared to the consensus estimate of $496.33 million. Fortinet had a return on equity of 22.72% and a net margin of 18.44%. Fortinet's quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. View Fortinet's Earnings History.

When is Fortinet's next earnings date?

Fortinet is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Fortinet.

How can I listen to Fortinet's earnings call?

Fortinet will be holding an earnings conference call on Thursday, May 2nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773036913.

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

Fortinet issued an update on its FY19 earnings guidance on Wednesday, February, 6th. The company provided earnings per share (EPS) guidance of $2.05-$2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01. The company issued revenue guidance of $2.06-$2.10 billion, compared to the consensus revenue estimate of $2.06 billion.Fortinet also updated its FY 2019 guidance to $2.05-2.10 EPS.

What price target have analysts set for FTNT?

28 equities research analysts have issued 12-month target prices for Fortinet's shares. Their forecasts range from $53.00 to $100.00. On average, they anticipate Fortinet's stock price to reach $81.7273 in the next twelve months. This suggests that the stock has a possible downside of 10.3%. View Analyst Price Targets for Fortinet.

What is the consensus analysts' recommendation for Fortinet?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 2 sell ratings, 17 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet.

Has Fortinet been receiving favorable news coverage?

Headlines about FTNT stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Fortinet earned a news impact score of 1.2 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

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), salesforce.com (CRM), Palo Alto Networks (PANW), Micron Technology (MU), Paypal (PYPL), Netflix (NFLX), Cisco Systems (CSCO), Boeing (BA) and Visa (V).

Who are Fortinet's key executives?

Fortinet's management team includes the folowing people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 56)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 50)
  • Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 50)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 60)
  • Mr. Peter M. Salkowski, VP of Investor Relations

Who are Fortinet's major shareholders?

Fortinet's stock is owned by many different of retail and institutional investors. Top institutional investors include Gateway Investment Advisers LLC (0.05%), Carnick & Kubik Group LLC (0.03%), Hodges Capital Management Inc. (0.03%), State of Alaska Department of Revenue (0.02%), Exchange Capital Management Inc. (0.02%) and Dorsey Wright & Associates (0.01%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen. 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 Gateway Investment Advisers LLC, Hodges Capital Management Inc., Meeder Asset Management Inc., Oakbrook Investments LLC, Carnick & Kubik Group LLC, Tributary Capital Management LLC, Nisa Investment Advisors LLC and Exchange Capital Management Inc.. 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, Ming Hsieh and Peter Dale Jr Cohen. View Insider Buying and Selling for Fortinet.

Which institutional investors are buying Fortinet stock?

FTNT stock was purchased by a variety of institutional investors in the last quarter, including Sciencast Management LP, Dorsey Wright & Associates, Contravisory Investment Management Inc., First Hawaiian Bank, IFM Investors Pty Ltd, TrimTabs Asset Management LLC, Dubuque Bank & Trust Co. and Flagship Harbor Advisors LLC. 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 $91.08.

How big of a company is Fortinet?

Fortinet has a market capitalization of $15.54 billion and generates $1.80 billion in revenue each year. The software maker earns $332.20 million in net income (profit) each year or $1.13 on an earnings per share basis. Fortinet employs 5,845 workers across the globe.

What is Fortinet's official website?

The official website for Fortinet is http://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 or via email at [email protected]


MarketBeat Community Rating for Fortinet (NASDAQ FTNT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  994 (Vote Outperform)
Underperform Votes:  669 (Vote Underperform)
Total Votes:  1,663
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.
This page was last updated on 4/20/2019 by MarketBeat.com Staff

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