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NASDAQ:FTNT

Fortinet Stock Forecast, Price & News

$145.82
-3.83 (-2.56 %)
(As of 01/27/2021 12:00 AM ET)
Add
Compare
Today's Range
$143.63
Now: $145.82
$149.47
50-Day Range
$125.34
MA: $144.83
$152.91
52-Week Range
$70.20
Now: $145.82
$155.31
Volume1.10 million shs
Average Volume1.03 million shs
Market Capitalization$23.67 billion
P/E Ratio54.21
Dividend YieldN/A
Beta1.1
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 (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender appliance provides a WAN connection to its FortiGate products; 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; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions, as well as FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiNAC product family to implement zero trust network access strategies. 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. 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.
Fortinet logo

MarketRank

Overall MarketRank

1.71 out of 5 stars

Computer And Technology Sector

179th out of 1,511 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 27 stocks

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
Current SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700
Employees7,082
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.16 billion
Cash Flow$2.87 per share
Book Value$7.73 per share

Profitability

Net Income$326.50 million

Miscellaneous

Market Cap$23.67 billion
Next Earnings Date2/4/2021 (Confirmed)
OptionableOptionable
$145.82
-3.83 (-2.56 %)
(As of 01/27/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fortinet (NASDAQ:FTNT) Frequently Asked Questions

How has Fortinet's stock price 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 shares have increased by 65.8% and is now trading at $145.82.
View which stocks have been most impacted by COVID-19
.

Is Fortinet a buy right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research 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 MarketBeat's top 5 stock picks.

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.

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.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 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, February 4th 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) released its quarterly earnings data on Thursday, October, 29th. The software maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.10. The software maker earned $651.10 million during the quarter, compared to the consensus estimate of $639.62 million. Fortinet had a trailing twelve-month return on equity of 48.30% and a net margin of 18.50%. Fortinet's revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share.
View Fortinet's earnings history
.

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

Fortinet issued an update on its fourth quarter earnings guidance on Thursday, October, 29th. The company provided EPS guidance of $0.95-0.97 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.87. The company issued revenue guidance of $710-730 million, compared to the consensus revenue estimate of $707.07 million.

What price target have analysts set for FTNT?

26 brokerages have issued 12-month price targets for Fortinet's stock. Their forecasts range from $102.00 to $190.00. On average, they anticipate Fortinet's stock price to reach $142.00 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts' price targets for Fortinet
or view Wall Street analyst' top-rated stocks.

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).

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)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 52, Pay $706.37k)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 62, Pay $787.99k)
  • Mr. John Whittle, Exec. VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 52, Pay $654.5k)
  • Ms. Ana Pease, VP of Talent Management & Operations
  • Mr. Peter M. Salkowski, VP of Investor Relations
  • Mr. Patrice Perche, Sr. Exec. VP of Worldwide Sales & Support
  • Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products
  • Mr. Chris Perna, VP of Talent Acquisition
  • Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications

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 variety of institutional and retail investors. Top institutional shareholders include Congress Asset Management Co. MA (0.51%), New York State Teachers Retirement System (0.11%), Candriam Luxembourg S.C.A. (0.07%), Hexavest Inc. (0.07%), Janney Montgomery Scott LLC (0.05%) and Woodstock Corp (0.05%). 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 major investors are selling Fortinet stock?

FTNT stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Transform Wealth LLC, Nisa Investment Advisors LLC, State of Alaska Department of Revenue, Strs Ohio, Cypress Capital Group, Harel Insurance Investments & Financial Services Ltd., and Tributary Capital Management LLC. 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 major investors are buying Fortinet stock?

FTNT stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Congress Asset Management Co. MA, RPG Investment Advisory LLC, Callahan Advisors LLC, Candriam Luxembourg S.C.A., Venture Visionary Partners LLC, Patriot Financial Group Insurance Agency LLC, and Janney Montgomery Scott 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.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $145.82.

How big of a company is Fortinet?

Fortinet has a market capitalization of $23.67 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. Fortinet employs 7,082 workers across the globe.

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 or via email at [email protected]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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