Fortinet - FTNT Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 7 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FTNT shares.
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25 Wall Street research analysts have issued twelve-month price objectives for Fortinet's shares. Their FTNT share price forecasts range from $53.00 to $78.00. On average, they anticipate the company's stock price to reach $66.15 in the next year. This suggests a possible upside of 24.3% from the stock's current price.
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Fortinet's stock was trading at $48.89 at the start of the year. Since then, FTNT shares have increased by 8.8% and is now trading at $53.21.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Fortinet will be holding an earnings conference call on Tuesday, February 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Fortinet, Inc. (NASDAQ:FTNT) posted its earnings results on Wednesday, November, 2nd. The software maker reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.08. The software maker had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.12 billion. Fortinet had a trailing twelve-month return on equity of 9,183.04% and a net margin of 18.12%. The business's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share.
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Fortinet shares split before market open on Thursday, June 23rd 2022. The 5-1 split was announced on Thursday, June 9th 2022. The newly issued shares were distributed to shareholders after the market closes on Wednesday, June 22nd 2022. An investor that had 100 shares of stock prior to the split would have 500 shares after the split.

Fortinet issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $0.38-$0.40 for the period, compared to the consensus estimate of $0.35. The company issued revenue guidance of $1.27 billion-$1.31 billion, compared to the consensus revenue estimate of $1.27 billion.

640 employees have rated Fortinet Chief Executive Officer Ken Xie on Glassdoor.com. Ken Xie has an approval rating of 95% among the company's employees. This puts Ken Xie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Block (SQ), Intel (INTC) and Adobe (ADBE).

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

Fortinet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.16%), Stephens Investment Management Group LLC (0.12%), Allspring Global Investments Holdings LLC (0.10%), National Bank of Canada FI (0.08%), Country Trust Bank (0.07%) and Ferguson Wellman Capital Management Inc. (0.06%). Insiders that own company stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Michael Xie and William H Neukom.
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Shares of FTNT stock 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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One share of FTNT stock can currently be purchased for approximately $53.21.

Fortinet (NASDAQ:FTNT) has a market capitalization of $41.57 billion and generates $3.34 billion in revenue each year. The software maker earns $606.80 million in net income (profit) each year or $0.9060 on an earnings per share basis.

The company employs 10,195 workers across the globe.

Fortinet's mailing address is 899 KIFER ROAD, SUNNYVALE CA, 94086. The official website for the company is www.fortinet.com. The software maker can be reached via phone at (408) 235-7700, via email at investors@fortinet.com, or via fax at 408-235-7737.