NASDAQ:FTNT - Fortinet Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $73.45 +0.70 (+0.96 %) (As of 11/16/2018 04:00 PM ET)Previous Close$72.75Today's Range$71.53 - $73.6652-Week Range$39.98 - $94.37Volume1.60 million shsAverage Volume1.89 million shsMarket Capitalization$12.52 billionP/E Ratio141.25Dividend YieldN/ABeta0.81 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Fortinet, Inc. provides broad, automated, and integrated 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 WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. 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; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. 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. was founded in 2000 and is headquartered in Sunnyvale, California. Receive FTNT News and Ratings via Email Sign-up to receive the latest news and ratings for FTNT and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Computer peripheral equipment, not elsewhere classified Sub-IndustrySystems Software SectorComputer and Technology Current SymbolNASDAQ:FTNT Previous Symbol CUSIP34959E10 Webwww.fortinet.com Phone408-235-7700 Debt Debt-to-Equity RatioN/A Current Ratio1.87 Quick Ratio1.80 Price-To-Earnings Trailing P/E Ratio141.25 Forward P/E Ratio72.01 P/E Growth4.29 Sales & Book Value Annual Sales$1.49 billion Price / Sales8.37 Cash Flow$0.8588 per share Price / Cash85.53 Book Value$5.23 per share Price / Book14.04 Profitability EPS (Most Recent Fiscal Year)$0.52 Net Income$31.39 million Net Margins7.05% Return on Equity20.52% Return on Assets6.06% Miscellaneous Employees5,066 Outstanding Shares170,370,000Market Cap$12.52 billion 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 announced that its board has approved 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued. How were Fortinet's earnings last quarter? Fortinet Inc (NASDAQ:FTNT) announced its quarterly earnings data on Thursday, November, 1st. The software maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The software maker earned $453.90 million during the quarter, compared to the consensus estimate of $450.84 million. Fortinet had a net margin of 7.05% and a return on equity of 20.52%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. View Fortinet's Earnings History. When is Fortinet's next earnings date? Fortinet is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Fortinet. What guidance has Fortinet issued on next quarter's earnings? Fortinet updated its fourth quarter earnings guidance on Thursday, November, 1st. The company provided earnings per share (EPS) guidance of $0.50-$0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $490-$500 million, compared to the consensus revenue estimate of $492.21 million.Fortinet also updated its FY 2018 guidance to $1.72-1.76 EPS. What price target have analysts set for FTNT? 25 analysts have issued 1 year price targets for Fortinet's stock. Their forecasts range from $52.00 to $100.00. On average, they expect Fortinet's share price to reach $78.5238 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Fortinet. What is the consensus analysts' recommendation for Fortinet? 25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 14 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet. Has Fortinet been receiving favorable news coverage? Media coverage about FTNT stock has been trending positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortinet earned a daily sentiment score of 2.1 on InfoTrie's scale. They also assigned media headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. Who are some of Fortinet's key competitors? Some companies that are related to Fortinet include Palo Alto Networks (PANW), Xerox (XRX), Logitech International (LOGI), SEIKO EPSON Cor/GDR (SEKEY), FireEye (FEYE), HTC (HTCXF), Stratasys (SSYS), Forescout Technologies (FSCT), Digital China (DCHIF), Mitek Systems (MITK), Immersion (IMMR), AstroNova (ALOT), RADCOM (RDCM), Identiv (INVE) and TransAct Technologies (TACT). Who are Fortinet's key executives? Fortinet's management team includes the folowing people: Mr. Ken Xie, Founder, Chairman & CEO (Age 55)Mr. Michael Xie, Founder, Pres, CTO & Director (Age 49)Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 49)Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 59)Mr. Peter M. Salkowski, VP of Investor Relations Who are Fortinet's major shareholders? Fortinet's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.39%), Renaissance Technologies LLC (1.97%), Bank of New York Mellon Corp (1.46%), AQR Capital Management LLC (1.33%), Bank of Montreal Can (1.20%) and MERIAN GLOBAL INVESTORS UK Ltd (1.06%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Matto Andrew H Del, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen. 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 Bank of New York Mellon Corp, Renaissance Technologies LLC, Pictet Asset Management Ltd., Man Group plc, Jennison Associates LLC, Panagora Asset Management Inc., Mitsubishi UFJ Trust & Banking Corp and Los Angeles Capital Management & Equity Research 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 major investors are buying Fortinet stock? FTNT stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Allianz Asset Management GmbH, Janus Henderson Group PLC, William Blair Investment Management LLC, MERIAN GLOBAL INVESTORS UK Ltd, WINTON GROUP Ltd, Altshuler Shaham Ltd and Smith Asset Management Group LP. 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 $73.45. How big of a company is Fortinet? Fortinet has a market capitalization of $12.52 billion and generates $1.49 billion in revenue each year. The software maker earns $31.39 million in net income (profit) each year or $0.52 on an earnings per share basis. Fortinet employs 5,066 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: 3.1 out of 5 ( )Outperform Votes: 955 (Vote Outperform)Underperform Votes: 609 (Vote Underperform)Total Votes: 1,564MarketBeat'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 11/16/2018 by MarketBeat.com StaffFeatured Article: What is a Reverse Stock Split?