NASDAQ:FTNT - Fortinet Stock Price, Price Target & More

$56.07 -0.67 (-1.18 %)
(As of 04/24/2018 04:00 PM ET)
Previous Close$56.74
Today's Range$55.52 - $57.71
52-Week Range$35.44 - $57.98
Volume1.35 million shs
Average Volume1.62 million shs
Market Capitalization$9.60 billion
P/E Ratio107.46
Dividend YieldN/A
Beta0.71

About Fortinet (NASDAQ:FTNT)

Fortinet logoFortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.

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Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
SectorComputer and Technology
SymbolNASDAQ:FTNT
CUSIP34959E10
Phone408-235-7700

Debt

Debt-to-Equity RatioN/A
Current Ratio1.67%
Quick Ratio1.60%

Price-To-Earnings

Trailing P/E Ratio107.46
Forward P/E Ratio75.77
P/E Growth4.59

Sales & Book Value

Annual Sales$1.49 billion
Price / Sales6.30
Cash Flow$0.8429 per share
Price / Cash66.52
Book Value$3.39 per share
Price / Book16.54

Profitability

EPS (Most Recent Fiscal Year)$0.52
Net Income$31.39 million
Net Margins2.10%
Return on Equity11.77%
Return on Assets4.20%

Miscellaneous

Employees5,066
Outstanding Shares168,020,000

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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 declared that its board has authorized a stock repurchase plan on Friday, October 27th 2017, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

How were Fortinet's earnings last quarter?

Fortinet (NASDAQ:FTNT) released its quarterly earnings results on Monday, February, 5th. The software maker reported $0.32 EPS for the quarter, topping the Zacks' consensus estimate of $0.29 by $0.03. The software maker had revenue of $416.70 million for the quarter, compared to analyst estimates of $409.04 million. Fortinet had a return on equity of 11.77% and a net margin of 2.10%. The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. View Fortinet's Earnings History.

When is Fortinet's next earnings date?

Fortinet is scheduled to release their next quarterly earnings announcement on Thursday, May, 3rd 2018. View Earnings Estimates for Fortinet.

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

Fortinet updated its FY18 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of $1.30-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.20. The company issued revenue guidance of $1.695-1.715 billion, compared to the consensus revenue estimate of $1.69 billion.Fortinet also updated its Q1 guidance to $0.21-0.22 EPS.

What price target have analysts set for FTNT?

24 Wall Street analysts have issued 1-year target prices for Fortinet's stock. Their forecasts range from $37.00 to $63.00. On average, they expect Fortinet's share price to reach $50.8636 in the next year. View Analyst Ratings for Fortinet.

What are Wall Street analysts saying about Fortinet stock?

Here are some recent quotes from research analysts about Fortinet stock:
  • 1. According to Zacks Investment Research, "Estimates for Fortinet have remained stable of late. Notably, the company has outperformed the industry in the last one year. Going ahead, we believe that the company’s strategy of focusing on selling subscription-based services will enable it to generate more stable revenues and help in expanding margins. Furthermore, acquisitions are a major positive for Fortinet as these help it to strengthen its product portfolio and capabilities, thereby boosting its top-line performance. Nonetheless, we are slightly concerned over the company’s declining revenue growth rate. Notably, over the last six quarters, the company’s revenue growth rates have been around 20%, which are significantly lower than its previous rates of over 30%. Also, a tepid first quarter revenue outlook makes us slightly cautious about its near-term performance." (3/12/2018)
  • 2. Credit Suisse Group AG analysts commented, "We perceive a change in tone from management towards the investor community, featuring an increased commitment to transparency. Management exhibited confidence in its cloud security portfolio and Fabric product strategy, revealed new metrics around non-FortiGate product, reiterated FY18 guidance and unveiled a new long-term financial model. Focus on Cloud Security: Arguing that a shift to cloud drives a greater need for consistent security across the architecture, Fortinet characterized its cloud security portfolio across five areas (1) Cloud product portfolio (FortiGate VM suite), (2) Connectors, (3) FortiCASB, (4) FortiManager, (5) Automation – API. While management is optimistic the shift to cloud drives greater throughput needs, we continue to question how FTNT’s historical competitive advantage bestowed by superior silicon will sustain in the cloud." (2/28/2018)
  • 3. Robert W. Baird analysts commented, "We continue to see the company as a market share taker with attractive valuation. We are adding FTNT to Baird’s Fresh Pick list with this note. Network Processor [NP] Catalyst. Fortinet refreshes each of its three ASICs every three to four years. A new high-end NP typically offers 2-3x performance over the previous generation, and has historically driven a refresh within the customer base. The current NP6 was released in late C13 and management is currently targeting the next release for C18." (1/11/2018)

Who are some of Fortinet's key competitors?

Who are Fortinet's key executives?

Fortinet's management team includes the folowing people:
  • Ken Xie, Chairman of the Board, Chief Executive Officer, Founder (Age 54)
  • Michael Xie, President, Founder, Chief Technology Officer, Director (Age 48)
  • Keith F. Jensen, Interim Chief Financial Officer, Chief Accounting Officer (Age 58)
  • Patrice Perche, Senior Executive Vice President, Worldwide Sales and Support
  • John Maddison, Senior Vice President of Products and Solutions
  • Lisa McGill, Senior Vice President of People (Age 49)
  • John Lunsford Whittle J.D., Vice President - Corporate Development, General Counsel, Corporate Secretary (Age 47)
  • Christopher B. Paisley, Lead Independent Director (Age 64)
  • Peter Dale Cohen Jr., Director
  • Ming Hsieh, Independent Director (Age 61)

Has Fortinet been receiving favorable news coverage?

Media headlines about FTNT stock have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fortinet earned a news impact score of 0.24 on Accern's scale. They also gave media stories about the software maker an impact score of 46.05 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 $56.07.

How big of a company is Fortinet?

Fortinet has a market capitalization of $9.60 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.

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 (FTNT)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  786 (Vote Outperform)
Underperform Votes:  517 (Vote Underperform)
Total Votes:  1,303
MarketBeat'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.

Analyst Ratings

Fortinet (NASDAQ:FTNT) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
24 Wall Street analysts have issued ratings and price targets for Fortinet in the last 12 months. Their average twelve-month price target is $50.8636, suggesting that the stock has a possible downside of 9.29%. The high price target for FTNT is $63.00 and the low price target for FTNT is $37.00. There are currently 1 sell rating, 12 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldBuyBuy
Consensus Rating Score: 2.422.462.552.71
Ratings Breakdown: 1 Sell Rating(s)
12 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
11 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
7 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
16 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $50.8636$49.1364$45.3158$43.5263
Price Target Upside: 9.29% downside9.31% downside1.17% downside8.82% upside

Fortinet (NASDAQ:FTNT) Consensus Price Target History

Price Target History for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ:FTNT) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/24/2018Bank of AmericaBoost Price TargetBuy -> Buy$57.00 -> $63.00HighView Rating Details
4/16/2018CitigroupBoost Price TargetNeutral -> Neutral$45.00 -> $56.00LowView Rating Details
4/11/2018Morgan StanleyDowngradeOverweight -> Equal Weight$53.00HighView Rating Details
3/29/2018BMO Capital MarketsReiterated RatingOutperform -> Outperform$50.00 -> $58.00HighView Rating Details
3/27/2018OppenheimerBoost Price TargetOutperform$55.00 -> $60.00HighView Rating Details
3/22/2018KeyCorpReiterated RatingEqual WeightLowView Rating Details
3/21/2018UBSBoost Price TargetBuy -> Buy$50.00 -> $62.00MediumView Rating Details
2/28/2018Monness Crespi & HardtReiterated RatingBuy -> Buy$50.00 -> $56.00HighView Rating Details
2/28/2018Credit Suisse GroupReiterated RatingSell$37.00MediumView Rating Details
2/28/2018Piper JaffrayReiterated RatingOverweight$57.00MediumView Rating Details
2/6/2018Royal Bank of CanadaBoost Price TargetSector Perform$46.00HighView Rating Details
2/6/2018BarclaysBoost Price TargetEqual Weight -> Equal Weight$48.00 -> $50.00HighView Rating Details
2/6/2018Stifel NicolausBoost Price TargetHold -> Hold$42.00 -> $46.00HighView Rating Details
2/6/2018Robert W. BairdReiterated RatingBuy$56.00HighView Rating Details
2/5/2018Evercore ISISet Price TargetHold$42.00HighView Rating Details
2/1/2018Dougherty & CoDowngradeBuy -> NeutralLowView Rating Details
1/26/2018JMP SecuritiesBoost Price TargetMarket Outperform -> Market Outperform$41.00 -> $54.00LowView Rating Details
1/26/2018Raymond JamesReiterated RatingOutperform -> Market PerformMediumView Rating Details
1/23/2018Deutsche BankDowngradeBuy -> Hold$46.00HighView Rating Details
12/12/2017JPMorgan ChaseDowngradeOverweight -> Neutral$50.00LowView Rating Details
9/8/2017CowenReiterated RatingBuy$43.00LowView Rating Details
7/5/2017OTR GlobalUpgradePositiveLowView Rating Details
6/29/2017Northland SecuritiesInitiated CoverageOutperform$45.00LowView Rating Details
6/7/2017Susquehanna BancsharesInitiated CoverageNeutral -> Neutral$45.00LowView Rating Details
12/12/2016GabelliReiterated RatingBuyN/AView Rating Details
10/28/2016Needham & Company LLCLower Price TargetBuy$41.00 -> $36.00N/AView Rating Details
10/21/2016First AnalysisInitiated CoverageEqual -> Equal Weight$32.00N/AView Rating Details
10/13/2016Wells FargoReiterated RatingOutperform$43.50 -> $37.00N/AView Rating Details
10/12/2016NomuraLower Price TargetBuy$55.00 -> $47.00N/AView Rating Details
10/12/2016WunderlichLower Price TargetBuy$45.00 -> $42.00N/AView Rating Details
10/12/2016StephensDowngradeOverweight -> Equal Weight$43.00 -> $32.00N/AView Rating Details
10/12/2016Goldman SachsLower Price TargetConviction-Buy -> Buy$43.00 -> $36.00N/AView Rating Details
8/30/2016Pacific CrestUpgradeSector Weight -> Overweight$47.00N/AView Rating Details
4/27/2016FBR & CoReiterated RatingOutperform$35.00 -> $41.00N/AView Rating Details
(Data available from 4/24/2016 forward)

Earnings

Fortinet (NASDAQ:FTNT) Earnings History and Estimates Chart

Earnings by Quarter for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ:FTNT) Earnings Estimates

2018 EPS Consensus Estimate: $0.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181$0.08$0.08$0.08
Q2 20181$0.18$0.18$0.18
Q3 20181$0.21$0.21$0.21
Q4 20183$0.27$0.33$0.30

Fortinet (NASDAQ FTNT) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2018$0.24N/AView Earnings Details
2/5/2018Q4 2017$0.29$0.32$409.04 million$416.70 millionViewListenView Earnings Details
10/26/2017Q3 2017$0.23$0.28$370.67 million$374.20 millionViewN/AView Earnings Details
7/26/2017Q2 2017$0.20$0.27$361.05 million$363.50 millionViewN/AView Earnings Details
4/27/2017Q1 2017$0.02$0.07$334.44 million$340.60 millionViewN/AView Earnings Details
2/2/2017Q4 2016$0.21$0.30$344.59 million$362.80 millionViewListenView Earnings Details
10/27/2016Q3$0.03$0.18$314.33 million$316.60 millionViewListenView Earnings Details
7/28/2016Q216$0.14$0.14$304.71 million$311.40 millionViewListenView Earnings Details
4/26/2016Q116$0.09$0.12$273.46 million$284.60 millionViewListenView Earnings Details
1/28/2016Q415$0.18$0.18$296.28 million$296.50 millionViewListenView Earnings Details
10/22/2015Q315$0.12$0.14$258.72 million$260.10 millionViewListenView Earnings Details
7/22/2015Q215$0.09$0.11$227.61 million$239.80 millionViewListenView Earnings Details
4/20/2015Q115$0.06$0.08$204.03 million$212.89 millionViewListenView Earnings Details
1/28/2015Q414$0.14$0.14$210.77 million$224.00 millionViewListenView Earnings Details
10/22/2014Q3$0.11$0.12$184.90 million$193.30 millionViewListenView Earnings Details
7/23/2014Q214$0.10$0.11$171.58 million$184.10 millionViewN/AView Earnings Details
4/23/2014Q114$0.09$0.11$157.96 million$168.90 millionViewListenView Earnings Details
1/29/2014Q413$0.14$0.15$165.97 million$177.40 millionViewListenView Earnings Details
10/23/2013Q313$0.11$0.12$151.00 million$154.70 millionViewN/AView Earnings Details
7/30/2013Q2 2013$0.10$0.10$142.63 million$147.40 millionViewN/AView Earnings Details
4/30/2013Q1 2013$0.10$0.10$135.12 million$135.80 millionViewN/AView Earnings Details
1/30/2013Q4 2012$0.15$0.17$144.28 million$151.16 millionViewN/AView Earnings Details
10/16/2012$0.14$0.14ViewN/AView Earnings Details
7/25/2012$0.12$0.12ViewN/AView Earnings Details
4/24/2012Q1 2012$0.09$0.09ViewN/AView Earnings Details
1/31/2012$0.12$0.14ViewN/AView Earnings Details
10/24/2011$0.09$0.13ViewN/AView Earnings Details
7/19/2011$0.08$0.09ViewN/AView Earnings Details
4/27/2011$0.14$0.17ViewN/AView Earnings Details
1/25/2011$0.14$0.22ViewN/AView Earnings Details
10/21/2010Q3 2010$0.05$0.09ViewN/AView Earnings Details
7/22/2010Q2 2010$0.03$0.05ViewN/AView Earnings Details
4/28/2010Q1 2010$0.03$0.03ViewN/AView Earnings Details
1/27/2010Q4 2009$0.03$0.05ViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Fortinet (NASDAQ:FTNT) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Fortinet (NASDAQ FTNT) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 17.00%
Institutional Ownership Percentage: 69.49%
Insider Trading History for Fortinet (NASDAQ:FTNT)
Institutional Ownership by Quarter for Fortinet (NASDAQ:FTNT)

Fortinet (NASDAQ FTNT) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/12/2018John WhittleVPSell624$54.44$33,970.56View SEC Filing  
2/15/2018John WhittleVPSell679$48.69$33,060.518,684View SEC Filing  
2/12/2018Christopher B PaisleyDirectorSell4,000$46.71$186,840.0072,937View SEC Filing  
2/12/2018John WhittleVPSell29,946$47.00$1,407,462.009,310View SEC Filing  
2/8/2018Ken XieCEOSell89,423$45.08$4,031,188.8412,608,811View SEC Filing  
2/5/2018John WhittleVPSell11,728$44.81$525,531.687,181View SEC Filing  
2/2/2018Michael XieVPSell19,790$45.30$896,487.007,181View SEC Filing  
12/19/2017John WhittleVPSell13,749$45.00$618,705.0018,430View SEC Filing  
12/1/2017Michael XieVPSell40,000$41.95$1,678,000.006,692,200View SEC Filing  
11/20/2017Ming HsiehDirectorSell331$40.41$13,375.71View SEC Filing  
11/15/2017Keith JensenInsiderSell625$39.63$24,768.75View SEC Filing  
11/13/2017Christopher B PaisleyDirectorSell4,000$40.02$160,080.0072,606View SEC Filing  
11/9/2017Ming HsiehDirectorSell5,332$39.64$211,360.48331View SEC Filing  
11/8/2017John WhittleVPSell3,883$40.00$155,320.004,681View SEC Filing  
11/8/2017Keith JensenInsiderSell1,850$39.20$72,520.001,374View SEC Filing  
11/2/2017Michael XieVPSell3,585$38.60$138,381.006,714,500View SEC Filing  
8/22/2017Keith JensenInsiderSell667$37.03$24,699.01View SEC Filing  
8/9/2017Keith JensenInsiderSell1,850$36.47$67,469.501,315View SEC Filing  
8/8/2017Keith JensenCAOSell950$36.67$34,836.501,315View SEC Filing  
8/2/2017Christopher B PaisleyDirectorSell4,000$36.39$145,560.0066,611View SEC Filing  
8/2/2017John WhittleVPSell2,091$36.27$75,840.577,181View SEC Filing  
6/8/2017Ming HsiehDirectorSell4,743$39.29$186,352.47View SEC Filing  
5/17/2017Keith JensenInsiderSell624$40.73$25,415.52978View SEC Filing  
5/10/2017Keith JensenInsiderSell1,850$39.42$72,927.001,254View SEC Filing  
5/5/2017John WhittleVPSell5,583$40.00$223,320.004,681View SEC Filing  
5/2/2017John WhittleVPSell11,057$39.45$436,198.6511,868View SEC Filing  
5/1/2017Christopher B PaisleyDirectorSell6,000$39.04$234,240.0067,949View SEC Filing  
3/1/2017Matto Andrew H DelCFOSell3,250$36.96$120,120.0020,785View SEC Filing  
2/21/2017Keith JensenInsiderSell3,482$37.41$130,261.623,777View SEC Filing  
2/8/2017Keith JensenCAOSell2,250$37.62$84,645.002,545View SEC Filing  
2/8/2017Ken XieCEOSell25,000$37.59$939,750.0012,485,375View SEC Filing  
2/7/2017Keith JensenCAOSell1,300$37.97$49,361.002,545View SEC Filing  
2/7/2017Ken XieCEOSell25,000$37.82$945,500.0012,485,375View SEC Filing  
2/7/2017Matto Andrew H DelCFOSell8,000$37.97$303,760.0023,315View SEC Filing  
2/3/2017John WhittleVPSell13,135$37.15$487,965.2510,005View SEC Filing  
2/2/2017Michael XieVPSell69,095$33.15$2,290,499.256,484,500View SEC Filing  
12/7/2016Ken XieCEOSell50,000$30.38$1,519,000.0012,835,800View SEC Filing  
12/5/2016Ken XieCEOSell20,000$30.25$605,000.0012,835,800View SEC Filing  
12/5/2016Matto Andrew H DelCFOSell2,750$29.39$80,822.506,418View SEC Filing  
11/9/2016Keith JensenInsiderSell1,300$31.34$40,742.001,224View SEC Filing  
11/8/2016Keith JensenCAOSell350$31.49$11,021.501,224View SEC Filing  
11/2/2016Matto Andrew H DelCFOSell5,500$31.71$174,405.0017,186View SEC Filing  
11/2/2016Michael XieVPSell3,585$31.77$113,895.456,484,500View SEC Filing  
11/1/2016Christopher B PaisleyDirectorSell6,000$31.86$191,160.0066,625View SEC Filing  
9/1/2016John WhittleVPSell834$36.70$30,607.805,515View SEC Filing  
9/1/2016Matto Andrew H DelCFOSell3,250$36.29$117,942.509,686View SEC Filing  
8/23/2016Keith JensenInsiderSell900$35.47$31,923.00View SEC Filing  
8/22/2016Ming HsiehDirectorSell23,900$34.84$832,676.00View SEC Filing  
8/16/2016John WhittleVPSell13,833$34.85$482,080.0517,531View SEC Filing  
8/16/2016Matto Andrew H. DelCFOSell1,500$35.00$52,500.00View SEC Filing  
8/15/2016John WhittleVPSell983$32.86$32,301.3817,531View SEC Filing  
8/8/2016Keith JensenInsiderSell1,900$33.53$63,707.00229View SEC Filing  
8/2/2016Christopher B PaisleyDirectorSell6,000$34.07$204,420.0060,648View SEC Filing  
8/2/2016John WhittleVPSell15,007$34.91$523,894.3718,969View SEC Filing  
8/2/2016Matto Andrew H DelCFOSell5,500$34.07$187,385.0022,099View SEC Filing  
8/1/2016John WhittleVPSell13,663$35.00$478,205.0018,969View SEC Filing  
6/1/2016Matto Andrew H DelCFOSell2,750$34.23$94,132.5014,599View SEC Filing  
5/6/2016Keith JensenCAOSell1,100$31.60$34,760.00218View SEC Filing  
5/2/2016John WhittleVPSell1,435$32.48$46,608.806,866View SEC Filing  
5/2/2016Matto Andrew H DelCFOSell6,250$32.06$200,375.0014,867View SEC Filing  
3/22/2016John WhittleVPSell1,779$30.00$53,370.006,241View SEC Filing  
3/1/2016Matto Andrew H DelCFOSell2,250$28.94$65,115.0019,117View SEC Filing  
2/16/2016Christopher B. PaisleyDirectorSell6,000$24.70$148,200.0053,674View SEC Filing  
2/16/2016Keith JensenCAOSell200$24.58$4,916.00187View SEC Filing  
2/8/2016Keith JensenCAOSell1,400$24.16$33,824.00164View SEC Filing  
2/2/2016Matto Andrew H. DelCFOSell4,500$27.45$123,525.0021,367View SEC Filing  
2/2/2016Michael XieVPSell7,670$27.45$210,541.506,482,000View SEC Filing  
12/1/2015Matto Andrew H DelCFOSell3,250$35.91$116,707.505,369View SEC Filing  
11/16/2015Christopher B. PaisleyDirectorSell6,000$33.05$198,300.0052,699View SEC Filing  
11/3/2015John WhittleVPSell2,538$34.85$88,449.30View SEC Filing  
11/3/2015Matto Andrew H. DelCFOSell3,250$34.64$112,580.008,619View SEC Filing  
11/2/2015Michael XieVPSell2,887$34.78$100,409.866,284,400View SEC Filing  
10/27/2015Matto Andrew H DelCFOSell3,250$34.50$112,125.008,283View SEC Filing  
9/1/2015Matto Andrew H DelCFOSell3,250$41.32$134,290.0011,533View SEC Filing  
8/28/2015Hong Liang LuDirectorSell15,000$42.69$640,350.007,725View SEC Filing  
8/14/2015Christopher B PaisleyDirectorSell6,000$46.28$277,680.00View SEC Filing  
6/3/2015Michael XieVPSell55,000$40.05$2,202,750.00View SEC Filing  
6/2/2015Ken XieCEOSell90,000$39.81$3,582,900.00View SEC Filing  
6/1/2015Matto Andrew H DelCFOSell3,250$40.14$130,455.00View SEC Filing  
5/15/2015Christopher B PaisleyDirectorSell6,000$38.76$232,560.00View SEC Filing  
5/6/2015Michael XieVPSell72,233$37.69$2,722,461.77View SEC Filing  
5/4/2015John WhittleVPSell34,943$38.36$1,340,413.48View SEC Filing  
4/23/2015Matto Andrew H DelCFOSell3,250$38.05$123,662.50View SEC Filing  
4/1/2015Michael XieVPSell30,000$33.99$1,019,700.00View SEC Filing  
3/4/2015Michael XieVPSell30,000$33.72$1,011,600.00View SEC Filing  
2/24/2015Hong Liang LuDirectorSell25,000$33.67$841,750.00View SEC Filing  
2/4/2015Michael XieVPSell30,000$30.92$927,600.00View SEC Filing  
2/3/2015John WhittleVPSell1,776$30.11$53,475.36View SEC Filing  
2/3/2015Ken XieCEOSell30,000$30.33$909,900.00View SEC Filing  
12/3/2014Ken XieCEOSell28,977$27.50$796,867.50View SEC Filing  
12/3/2014Michael XieVPSell50,000$27.42$1,371,000.00View SEC Filing  
12/2/2014Ken XieCEOSell24,834$27.50$682,935.00View SEC Filing  
12/2/2014Michael XieVPSell25,000$27.42$685,500.00View SEC Filing  
11/5/2014Michael XieVPSell25,000$26.48$662,000.00View SEC Filing  
11/4/2014John WhittleVPSell1,501$26.41$39,641.41View SEC Filing  
11/3/2014Christopher B PaisleyDirectorSell10,000$26.28$262,800.00View SEC Filing  
10/8/2014Michael XieVPSell31,600$24.84$784,944.00View SEC Filing  
10/7/2014Michael XieVPSell9,100$25.02$227,682.00View SEC Filing  
9/10/2014Michael XieVPSell70,000$26.23$1,836,100.00View SEC Filing  
8/12/2014Michael XieVPSell20,000$24.99$499,800.00View SEC Filing  
8/7/2014John WhittleVPSell1,755$25.00$43,875.00View SEC Filing  
8/4/2014Michael XieVPSell2,210$24.05$53,150.50View SEC Filing  
8/1/2014Christopher B PaisleyDirectorSell10,000$24.27$242,700.00View SEC Filing  
7/29/2014Michael XieVPSell20,000$25.24$504,800.00View SEC Filing  
6/30/2014John WhittleVPSell21,032$25.00$525,800.00View SEC Filing  
5/2/2014Michael XieVPSell2,209$21.98$48,553.826,628,000View SEC Filing  
5/1/2014Christopher PaisleyDirectorSell10,000$22.01$220,100.001,875View SEC Filing  
2/4/2014Michael XieVPSell6,762$20.58$139,161.966,628,000View SEC Filing  
2/3/2014Christopher PaisleyDirectorSell10,000$20.78$207,800.001,562View SEC Filing  
10/28/2013Michael XieVPSell2,600$20.05$52,130.00View SEC Filing  
8/1/2013Christopher PaisleyDirectorSell20,000$21.45$429,000.00View SEC Filing  
2/26/2013John WhittleVPSell14,584$25.00$364,600.00View SEC Filing  
8/10/2012John WhittleVPSell1,042$24.54$25,570.68View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Fortinet (NASDAQ FTNT) News Headlines

Source:
DateHeadline
Fortinet (FTNT) PT Raised to $63.00Fortinet (FTNT) PT Raised to $63.00
www.americanbankingnews.com - April 24 at 10:28 AM
US Markets Dominate Palo Alto Networks’ Business GrowthUS Markets Dominate Palo Alto Networks’ Business Growth
finance.yahoo.com - April 21 at 5:08 PM
Analysis: Positioning to Benefit within Team, Fortinet, Rockwell Collins, Franklin Street Properties, Akorn, and Targa ...Analysis: Positioning to Benefit within Team, Fortinet, Rockwell Collins, Franklin Street Properties, Akorn, and Targa ...
www.globenewswire.com - April 20 at 8:37 AM
Analysis: Positioning to Benefit within Team, Fortinet, Rockwell Collins, Franklin Street Properties, Akorn, and Targa Resources — Research Highlights Growth, Revenue, and Consolidated ResultsAnalysis: Positioning to Benefit within Team, Fortinet, Rockwell Collins, Franklin Street Properties, Akorn, and Targa Resources — Research Highlights Growth, Revenue, and Consolidated Results
finance.yahoo.com - April 20 at 8:37 AM
Palo Alto Networks’ Subscriptions and Support BusinessPalo Alto Networks’ Subscriptions and Support Business
finance.yahoo.com - April 19 at 5:29 PM
Billion-Dollar Unicorns: Can Fortinet Get To $10 Billion In Revenue?Billion-Dollar Unicorns: Can Fortinet Get To $10 Billion In Revenue?
seekingalpha.com - April 17 at 5:45 PM
Fortinet Receives Recommended Rating in NSS Labs Latest Advanced Endpoint Protection Test ReportFortinet Receives Recommended Rating in NSS Labs Latest Advanced Endpoint Protection Test Report
finance.yahoo.com - April 17 at 5:45 PM
Fortinet Delivers Integrated NOC-SOC Solution to Automate IT Processes and Security ResponseFortinet Delivers Integrated NOC-SOC Solution to Automate IT Processes and Security Response
globenewswire.com - April 16 at 5:12 PM
Citigroup Increases Fortinet (FTNT) Price Target to $56.00Citigroup Increases Fortinet (FTNT) Price Target to $56.00
www.americanbankingnews.com - April 16 at 10:54 AM
Fortinet (FTNT) Given a $38.00 Price Target by Evercore ISI AnalystsFortinet (FTNT) Given a $38.00 Price Target by Evercore ISI Analysts
www.americanbankingnews.com - April 15 at 7:48 PM
Fortinet (FTNT) Given a $50.00 Price Target by Robert W. Baird AnalystsFortinet (FTNT) Given a $50.00 Price Target by Robert W. Baird Analysts
www.americanbankingnews.com - April 15 at 5:39 PM
Fortinet (FTNT) Stock Rating Lowered by ValuEngineFortinet (FTNT) Stock Rating Lowered by ValuEngine
www.americanbankingnews.com - April 15 at 10:59 AM
Fortinet (FTNT) Earns "Buy" Rating from CowenFortinet (FTNT) Earns "Buy" Rating from Cowen
www.americanbankingnews.com - April 15 at 9:31 AM
Fortinet (FTNT) Rating Lowered to Sell at BidaskClubFortinet (FTNT) Rating Lowered to Sell at BidaskClub
www.americanbankingnews.com - April 14 at 10:53 PM
Zacks: Analysts Expect Fortinet Inc (FTNT) Will Post Quarterly Sales of $390.44 MillionZacks: Analysts Expect Fortinet Inc (FTNT) Will Post Quarterly Sales of $390.44 Million
www.americanbankingnews.com - April 14 at 5:35 AM
What’s Driving Fortinet’s Deferred Revenues?What’s Driving Fortinet’s Deferred Revenues?
finance.yahoo.com - April 13 at 8:36 AM
Global Managed Security Services Market 2018-2022 with Cisco, Fortinet, HPE, IBM, and Symantec Dominating ...Global Managed Security Services Market 2018-2022 with Cisco, Fortinet, HPE, IBM, and Symantec Dominating ...
www.businesswire.com - April 12 at 5:25 PM
What’s Driving Fortinet’s High-Value Client Growth?What’s Driving Fortinet’s High-Value Client Growth?
finance.yahoo.com - April 12 at 5:25 PM
Fortinet’s Product Segment Maintains Stable GrowthFortinet’s Product Segment Maintains Stable Growth
finance.yahoo.com - April 12 at 8:56 AM
Fortinet Inc (FTNT) Expected to Post Earnings of $0.24 Per ShareFortinet Inc (FTNT) Expected to Post Earnings of $0.24 Per Share
www.americanbankingnews.com - April 12 at 1:13 AM
Media Advisory: Fortinet to Showcase the Third and the Latest Generation of Network Security with the Evolution of its ...Media Advisory: Fortinet to Showcase the Third and the Latest Generation of Network Security with the Evolution of its ...
globenewswire.com - April 11 at 5:18 PM
Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and ...Arista Networks Joins Fortinet Fabric-Ready Partner Program to Advance Security Automation Across Data Center and ...
globenewswire.com - April 11 at 5:18 PM
Fortinet (FTNT) Upgraded by ValuEngine to HoldFortinet (FTNT) Upgraded by ValuEngine to Hold
www.americanbankingnews.com - April 11 at 3:58 PM
Fortinet (FTNT) Cut to Equal Weight at Morgan StanleyFortinet (FTNT) Cut to Equal Weight at Morgan Stanley
www.americanbankingnews.com - April 11 at 9:08 AM
UPDATE: Fortinet (FTNT) PT Raised to $55 at StephensUPDATE: Fortinet (FTNT) PT Raised to $55 at Stephens
www.streetinsider.com - April 11 at 8:44 AM
Contract Wins Are Driving Fortinet’s BillingsContract Wins Are Driving Fortinet’s Billings
finance.yahoo.com - April 11 at 8:44 AM
How Cloud Security Is Driving Fortinet’s BusinessHow Cloud Security Is Driving Fortinet’s Business
finance.yahoo.com - April 10 at 5:21 PM
Can Fortinet Maintain Its Earnings Growth Trend?Can Fortinet Maintain Its Earnings Growth Trend?
finance.yahoo.com - April 10 at 5:21 PM
Fortinet (FTNT) Now Covered by Credit Suisse GroupFortinet (FTNT) Now Covered by Credit Suisse Group
www.americanbankingnews.com - April 9 at 12:44 PM
Heres Why You Should Add Fortinet (FTNT) to Your PortfolioHere's Why You Should Add Fortinet (FTNT) to Your Portfolio
www.zacks.com - April 6 at 5:30 PM
Fortinet (FTNT) Stock Rating Upgraded by Deutsche BankFortinet (FTNT) Stock Rating Upgraded by Deutsche Bank
www.americanbankingnews.com - April 6 at 4:14 PM
Fortinet (FTNT) Stock Rating Upgraded by ValuEngineFortinet (FTNT) Stock Rating Upgraded by ValuEngine
www.americanbankingnews.com - April 5 at 1:11 PM
Fortinet Inc (FTNT) Receives Consensus Rating of "Buy" from BrokeragesFortinet Inc (FTNT) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 5 at 5:34 AM
Evercore ISI Reiterates Hold Rating for Fortinet (FTNT)Evercore ISI Reiterates Hold Rating for Fortinet (FTNT)
www.americanbankingnews.com - April 4 at 5:52 PM
Fortinet to Announce First Quarter 2018 Financial ResultsFortinet to Announce First Quarter 2018 Financial Results
globenewswire.com - April 3 at 5:24 PM
Fortinet (FTNT) Price Target Raised to $50.00 at OppenheimerFortinet (FTNT) Price Target Raised to $50.00 at Oppenheimer
www.americanbankingnews.com - March 30 at 12:48 PM
Fortinet (FTNT) Stock Rating Lowered by BarclaysFortinet (FTNT) Stock Rating Lowered by Barclays
www.americanbankingnews.com - March 30 at 12:12 PM
Fortinets (FTNT) Buy Rating Reiterated at BMO Capital MarketsFortinet's (FTNT) Buy Rating Reiterated at BMO Capital Markets
www.americanbankingnews.com - March 29 at 9:07 AM
UPDATE: Fortinet (FTNT) PT Raised to $58 at BMO Capital; Better ProductsUPDATE: Fortinet (FTNT) PT Raised to $58 at BMO Capital; 'Better Products'
www.streetinsider.com - March 29 at 8:40 AM
Zacks.com featured highlights include: Archer Daniels, Phibro Animal, NEXEO, Western Digital and FortinetZacks.com featured highlights include: Archer Daniels, Phibro Animal, NEXEO, Western Digital and Fortinet
finance.yahoo.com - March 29 at 8:40 AM
Robert W. Baird Raises Fortinet (FTNT) Price Target to $56.00Robert W. Baird Raises Fortinet (FTNT) Price Target to $56.00
www.americanbankingnews.com - March 28 at 7:04 PM
$390.33 Million in Sales Expected for Fortinet Inc (FTNT) This Quarter$390.33 Million in Sales Expected for Fortinet Inc (FTNT) This Quarter
www.americanbankingnews.com - March 28 at 10:35 AM
Pulse Secure NAC Integrates with Fortinet Security Fabric to Enrich Endpoint Intelligence and Automate Threat ResponsePulse Secure NAC Integrates with Fortinet Security Fabric to Enrich Endpoint Intelligence and Automate Threat Response
globenewswire.com - March 28 at 8:41 AM
Fortinet (FTNT) Price Target Raised to $60.00 at OppenheimerFortinet (FTNT) Price Target Raised to $60.00 at Oppenheimer
www.americanbankingnews.com - March 27 at 10:59 AM
Fortinet (FTNT) Lowered to Hold at Deutsche BankFortinet (FTNT) Lowered to Hold at Deutsche Bank
www.americanbankingnews.com - March 26 at 8:14 PM
 Analysts Expect Fortinet Inc (FTNT) to Post $0.24 Earnings Per Share Analysts Expect Fortinet Inc (FTNT) to Post $0.24 Earnings Per Share
www.americanbankingnews.com - March 26 at 3:24 AM
Fortinet (FTNT) Receives "Buy" Rating from Robert W. BairdFortinet (FTNT) Receives "Buy" Rating from Robert W. Baird
www.americanbankingnews.com - March 25 at 12:53 PM
BMO Capital Markets Increases Fortinet (FTNT) Price Target to $50.00BMO Capital Markets Increases Fortinet (FTNT) Price Target to $50.00
www.americanbankingnews.com - March 25 at 12:13 PM
Evercore ISI Analysts Give Fortinet (FTNT) a $42.00 Price TargetEvercore ISI Analysts Give Fortinet (FTNT) a $42.00 Price Target
www.americanbankingnews.com - March 25 at 12:12 PM
Fortinets (FTNT) Equal Weight Rating Reiterated at KeyCorpFortinet's (FTNT) Equal Weight Rating Reiterated at KeyCorp
www.americanbankingnews.com - March 22 at 1:24 PM

SEC Filings

Fortinet (NASDAQ:FTNT) SEC Filings

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Financials

Fortinet (NASDAQ:FTNT) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Fortinet (NASDAQ FTNT) Stock Chart for Tuesday, April, 24, 2018

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This page was last updated on 4/24/2018 by MarketBeat.com Staff

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