Fortinet Company Profile (NASDAQ:FTNT)

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

Fortinet, Inc. (NASDAQ:FTNT) issued its quarterly earnings data on Thursday, April, 27th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.05. The company had revenue of $340.60 million for the quarter, compared to the consensus estimate of $334.44 million. Fortinet had a net margin of 3.06% and a return on equity of 7.34%. Fortinet's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $0.12 EPS. View Fortinet's Earnings History.

Fortinet issued an update on its FY17 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.89-0.91 for the period, compared to the Thomson Reuters consensus estimate of $0.89. The company issued revenue guidance of $1.485-1.495 billion, compared to the consensus revenue estimate of $1.48 billion.Fortinet also updated its Q2 guidance to $0.19-0.20 EPS.

25 brokerages have issued 12-month target prices for Fortinet's stock. Their forecasts range from $31.00 to $50.00. On average, they anticipate Fortinet's share price to reach $41.00 in the next year. View Analyst Ratings for Fortinet.

Here are some recent quotes from research analysts about Fortinet stock:

• 1. According to Zacks Investment Research, "Fortinet is a provider of network security appliances and Unified Threat Management (UTM) network security solutions. The stock has outperformed the broader market on YTD basis. Despite persistent macro uncertainties, management seems to be positive on the back of a healthy network security market, solid product line-up and investment plans. 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, competition from key network security players such as Cisco Systems, Check Point, Juniper and Palo Alto Networks, remains a concern." (7/13/2017)
• 2. Robert W. Baird analysts commented, "We are getting closer to a high-end ASIC product cycle. We view competitive positioning and valuation as attractive at current levels. Firewall market is consolidating. There are more IT security vendors than ever, but the Firewall market has been consolidating around four players including Fortinet (charts page 2). We expect this trend to continue and we expect Fortinet to remain a market share taker for years to come. Price/performance increasingly important. Per checks, some buyers (not all) see the Firewall as more of a commodity product than in the past. This dynamic tends to favor the price/performance advantage of Fortinet. Sales re-org mostly behind it." (3/29/2017)

Some companies that are related to Fortinet include Palo Alto Networks (PANW), Gartner (IT), Total System Services (TSS), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), Akamai Technologies (AKAM), Jack Henry & Associates (JKHY), F5 Networks (FFIV), LogMein (LOGM), CSRA (CSRA), Booz Allen Hamilton Holding Corporation (BAH), NCR Corporation (NCR), EPAM Systems (EPAM), Medidata Solutions (MDSO), Aspen Technology (AZPN), Proofpoint (PFPT) and GoDaddy (GDDY).

Fortinet's management team includes the folowing people:

• Ken Xie, Chairman of the Board, Chief Executive Officer, Founder
• Michael Xie, President, Founder, Chief Technology Officer, Director
• Andrew H. Del Matto, Chief Financial Officer
• Patrice Perche, Senior Executive Vice President, Worldwide Sales and Support
• John Maddison, Senior Vice President of Products and Solutions
• Lisa McGill, Senior Vice President of People
• Keith F. Jensen, Chief Accounting Officer
• John Lunsford Whittle J.D., Vice President - Corporate Development, General Counsel, Corporate Secretary
• Christopher B. Paisley, Lead Independent Director
• Peter D. Cohen, Director

Fortinet's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include KAMES CAPITAL plc (0.08%), APG Asset Management N.V. (0.06%), Bank of Montreal Can (0.05%), State Treasurer State of Michigan (0.04%), Oregon Public Employees Retirement Fund (0.03%) and Capital Impact Advisors LLC (0.03%). Company insiders that own Fortinet stock include Christopher B Paisley, Hong Liang Lu, John Whittle, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie and Ming Hsieh. View Institutional Ownership Trends for Fortinet.

Fortinet's stock was sold by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Oakbrook Investments LLC and Wright Investors Service Inc.. Company insiders that have sold Fortinet stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie and Ming Hsieh. View Insider Buying and Selling for Fortinet.

Fortinet's stock was purchased by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Woodstock Corp, Mn Services Vermogensbeheer B.V., Fox Run Management L.L.C., New England Research & Management Inc., APG Asset Management N.V., NEXT Financial Group Inc and Oregon Public Employees Retirement Fund. View Insider Buying and Selling for Fortinet.

Shares of Fortinet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Fortinet stock can currently be purchased for approximately $40.55.