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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:FTNT

Fortinet Stock Forecast, Price & News

$57.37
+0.79 (+1.40%)
(As of 07/1/2022 05:18 PM ET)
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Today's Range
$55.88
$57.65
50-Day Range
$49.04
$278.44
52-Week Range
$48.69
$74.35
Volume
97,331 shs
Average Volume
7.06 million shs
Market Capitalization
$46.05 billion
P/E Ratio
75.09
Dividend Yield
N/A
Price Target
$71.96

Fortinet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
25.4% Upside
$71.96 Price Target
Short Interest
Healthy
1.48% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.69
Upright™ Environmental Score
News Sentiment
0.33mentions of Fortinet in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$3.03 M Sold Last Quarter
Proj. Earnings Growth
21.05%
From $0.76 to $0.92 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

3.02 out of 5 stars

Computer And Technology Sector

15th out of 936 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

1st out of 21 stocks

30 days | 90 days | 365 days | Advanced Chart

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Fortinet logo

About Fortinet (NASDAQ:FTNT) Stock

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; 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; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It 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. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

FTNT Stock News Headlines

StockNews.com Downgrades Fortinet (NASDAQ:FTNT) to Hold
Buy These Stock Splits as Analysts See Upside
See More Headlines

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Systems Software
Current Symbol
NASDAQ:FTNT
CUSIP
34959E10
Employees
10,195
Year Founded
2000

Company Calendar

Last Earnings
5/04/2022
Today
7/04/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$71.96
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+25.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71428571428571
Research Coverage
21 Analysts

Profitability

Net Income
$606.80 million
Pretax Margin
18.06%

Debt

Sales & Book Value

Annual Sales
$3.34 billion
Cash Flow
$0.94 per share
Book Value
$0.98 per share

Miscellaneous

Free Float
653,346,000
Market Cap
$46.05 billion
Optionable
Optionable
Beta
1.18

Social Links















Fortinet Frequently Asked Questions

Should I buy or sell Fortinet stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Fortinet stock.
View analyst ratings for Fortinet
or view top-rated stocks.

What is Fortinet's stock price forecast for 2022?

21 Wall Street research analysts have issued 12-month price objectives for Fortinet's shares. Their FTNT stock forecasts range from $53.00 to $85.00. On average, they anticipate Fortinet's stock price to reach $71.96 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
View analysts' price targets for Fortinet
or view top-rated stocks among Wall Street analysts.

How has Fortinet's stock price performed in 2022?

Fortinet's stock was trading at $71.88 at the beginning of 2022. Since then, FTNT shares have decreased by 20.2% and is now trading at $57.37.
View the best growth stocks for 2022 here
.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Fortinet
.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) announced its quarterly earnings results on Wednesday, May, 4th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The software maker earned $954.80 million during the quarter, compared to analyst estimates of $886.45 million. Fortinet had a trailing twelve-month return on equity of 67.94% and a net margin of 17.79%. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share.
View Fortinet's earnings history
.

When did Fortinet's stock split? How did Fortinet's stock split work?

Fortinet shares split on the morning of Thursday, June 23rd 2022. The 5-1 split was announced on Thursday, June 9th 2022. The newly created shares were distributed to shareholders after the closing bell on Wednesday, June 22nd 2022. An investor that had 100 shares of Fortinet stock prior to the split would have 500 shares after the split.

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

Fortinet updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of $1.05-$1.10 for the period, compared to the consensus estimate of $1.13. The company issued revenue guidance of $1.00 billion-$1.03 billion, compared to the consensus revenue estimate of $1.01 billion.

Who are Fortinet's key executives?

Fortinet's management team includes the following people:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 59, Pay $1.82M)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 53, Pay $802.67k) (LinkedIn Profile)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 63, Pay $926.34k) (LinkedIn Profile)
  • Mr. John Whittle, EVP of Corp. Devel., Chief Legal Officer & Corp. Sec. (Age 53, Pay $758.17k)
  • Ms. Ana Pease, VP of Talent Management & Operations
  • Mr. Peter M. Salkowski, VP of Investor Relations
  • Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products
  • Mr. Chris Perna, VP of Talent Acquisition
  • Mr. Patrice Perche, Exec. VP of Support & Chief Revenue Officer (Age 60)
  • Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications

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.

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 (CRM), Walt Disney (DIS), Mastercard (MA), Netflix (NFLX), Square (SQ), Intel (INTC) and Adobe (ADBE).

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 number of retail and institutional investors. Top institutional investors include Insight Wealth Strategies LLC (0.00%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Ken Xie, Michael Xie and William H Neukom.
View institutional ownership trends for Fortinet
.

Which major investors are buying Fortinet stock?

FTNT stock was purchased by a variety of institutional investors in the last quarter, including Insight Wealth Strategies 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.
Compare Top Brokerages Here.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $57.37.

How much money does Fortinet make?

Fortinet (NASDAQ:FTNT) has a market capitalization of $46.05 billion and generates $3.34 billion in revenue each year. The software maker earns $606.80 million in net income (profit) each year or $0.7640 on an earnings per share basis.

How many employees does Fortinet have?

Fortinet employs 10,195 workers across the globe.

Does Fortinet have any subsidiaries?

The following companies are subsidiares of Fortinet: 3Crowd Technologies, AJ Holdings 1 K.K., AJ Holdings 2 K.K., ALAXALA Networks Corporation, AccelOps, Accelops China, Bradford Networks, Coyote Point Systems, CyberSponse, CyberSponse Inc., CyberSponse India Private Limited, Fortinet Austria GmbH, Fortinet BV, Fortinet Belgium BV, Fortinet Branch Holding Company, Fortinet Colombia S.A.S, Fortinet Denmark ApS, Fortinet Federal Inc., Fortinet Finland Oy, Fortinet GmbH, Fortinet Holding LLC, Fortinet Information Technology (Beijing) Co. Ltd., Fortinet International Inc., Fortinet Japan G.K., Fortinet Malaysia SDN. BHD., Fortinet Mexico S. de R.L. de C.V., Fortinet Network Security Brazil Limitada, Fortinet Networks Mauritius Ltd, Fortinet Networks Romania S.R.L., Fortinet Portugal Unipessoal Lda, Fortinet S.A.R.L., Fortinet Security Israel Ltd., Fortinet Security Italy S.R.L., Fortinet Security Korea Ltd., Fortinet Security LLC, Fortinet Security NZ Limited, Fortinet Security Network (Thailand) Ltd., Fortinet Security Philippines Inc., Fortinet Security Spain S.L., Fortinet Singapore Private Limited, Fortinet Switzerland GmbH, Fortinet Technologies (Canada) ULC, Fortinet Technologies India Private Limited, Fortinet Turkey Güvenlik Sistemleri Limited Şirketi, Fortinet UK Ltd., Holdings 1502 Enterprises Ltd., Holdings 1504 Enterprises Inc., IPLocks, IntruGuard, Linksys Cayman LLC, Linksys HK Limited, Linksys Holdings Inc., Linksys PTE LTD, Linksys Trading Shanghai Co. Ltd, Linksys UK Limited, Meru Networks, OPAQ Networks, OPAQ Networks Inc., PT Fortinet Indonesia Security, Panopta, Panopta Holdings LLC, Panopta LLC, Secure Element, ShieldX Networks, Sken.ai, TalkSwitch, Volon Cyber Security Private Limited, Woven Systems, ZoneFox, enSilo, enSilo Inc., and enSilo Ltd..
Read More

When was Fortinet founded?

Fortinet was founded in 2000.

How can I contact Fortinet?

Fortinet's mailing address is 899 KIFER ROAD, SUNNYVALE CA, 94086. The official website for Fortinet 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.

This page (NASDAQ:FTNT) was last updated on 7/4/2022 by MarketBeat.com Staff

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