Fortinet Stock Forecast, Price & News

Fortinet (NASDAQ:FTNT) Frequently Asked Questions

Is Fortinet a buy right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities 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 top-rated stocks.

How has Fortinet's stock been impacted by COVID-19?

Fortinet's stock was trading at $87.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FTNT stock has increased by 282.9% and is now trading at $336.79.
View which stocks have been most impacted by COVID-19.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, February 3rd 2022.
View our earnings forecast for Fortinet.

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) posted its quarterly earnings results on Thursday, November, 4th. The software maker reported $0.99 EPS for the quarter, topping the Zacks' consensus estimate of $0.94 by $0.05. The software maker had revenue of $867.20 million for the quarter, compared to analyst estimates of $812.21 million. Fortinet had a net margin of 17.74% and a trailing twelve-month return on equity of 47.46%. The firm's revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share.
View Fortinet's earnings history.

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

Fortinet updated its FY 2021 earnings guidance on Thursday, November, 25th. The company provided earnings per share guidance of $3.850-$3.950 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.860. The company issued revenue guidance of $3.32 billion-$3.35 billion, compared to the consensus revenue estimate of $3.24 billion.

What price target have analysts set for FTNT?

25 brokerages have issued 1-year price objectives for Fortinet's stock. Their forecasts range from $104.00 to $434.00. On average, they anticipate Fortinet's stock price to reach $315.91 in the next year. This suggests that the stock has a possible downside of 6.2%.
View analysts' price targets for Fortinet or view top-rated stocks among Wall Street analysts.

Who are Fortinet's key executives?

Fortinet's management team includes the following people:

• Ken Xie, Chairman & Chief Executive Officer
• Michael Xie, President, Director & Chief Technology Officer (LinkedIn Profile)
• Keith Franklin Jensen, CFO, Chief Accounting Officer & Controller
• Phil Quade, Chief Information Security Officer
• John Lunsford Gregory Whittle, Secretary, Executive VP & General Counsel

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.

Who are some of Fortinet's key competitors?

Some companies that are related to Fortinet include Microsoft (MSFT), Oracle (ORCL), ServiceNow (NOW), VMware (VMW), Axon Enterprise (AXON), Qualys (QLYS), C3.ai (AI), Commvault Systems (CVLT), Progress Software (PRGS) and FalconStor Software (FALC).
View all of FTNT's 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), 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.86%), Bank of New York Mellon Corp (2.67%), Alliancebernstein L.P. (1.80%), Geode Capital Management LLC (1.76%), Altshuler Shaham Ltd (1.05%) and Invesco Ltd. (0.95%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, 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 Alliancebernstein L.P., DSM Capital Partners LLC, Congress Asset Management Co. MA, Renaissance Technologies LLC, Bank of New York Mellon Corp, Los Angeles Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp, and Altshuler Shaham Ltd. Company insiders that have sold Fortinet company stock in the last year include John Whittle, Keith Jensen, Kelly Ducourty, 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 purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Nordea Investment Management AB, Two Sigma Advisers LP, Assenagon Asset Management S.A., Voloridge Investment Management LLC, BlackRock Inc., Schroder Investment Management Group, and Marshall Wace LLP.
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.
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What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $336.79.

How much money does Fortinet make?

Fortinet has a market capitalization of $55.07 billion and generates $2.59 billion in revenue each year. The software maker earns $488.50 million in net income (profit) each year or $3.32 on an earnings per share basis.

How many employees does Fortinet have?

Fortinet employs 8,238 workers across the globe.

Does Fortinet have any subsidiaries?

The following companies are subsidiares of Fortinet: 3Crowd Technologies, AccelOps, Accelops China, Bradford Networks, Bradford Networks Inc., Coyote Point Systems, CyberSponse, CyberSponse Inc., 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 K.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 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 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 1504 Enterprises Inc., IPLocks, IntruGuard, Meru Networks, OPAQ Networks, OPAQ Networks Inc., OPAQ Networks Inc., PT Fortinet Indonesia Security, Panopta, Panopta Holdings LLC, Panopta Holdings LLC, Panopta LLC, Secure Element, ShieldX Networks, TalkSwitch, Woven Systems, ZoneFox, ZoneFox Holding Limited, ZoneFox Limited, enSilo, enSilo Inc., enSilo Inc., enSilo Limited, and enSilo Ltd..

When was Fortinet founded?

Fortinet was founded in 2000.

What is Fortinet's official website?

The official website for Fortinet is www.fortinet.com.

Where are Fortinet's headquarters?

Fortinet is headquartered at 899 KIFER ROAD, SUNNYVALE CA, 94086.

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, via email at [email protected], or via fax at 408-235-7737.