NASDAQ:FTNT - Fortinet Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $82.62 -0.62 (-0.74 %) (As of 05/19/2019 01:11 PM ET)Previous Close$82.62Today's Range$81.78 - $84.065052-Week Range$58.10 - $96.96Volume1.27 million shsAverage Volume1.67 million shsMarket Capitalization$14.11 billionP/E Ratio73.12Dividend YieldN/ABeta0.93 ProfileAnalyst 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, integrated, and automated 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 wide area network acceleration; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions. 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; FortiAnalyzer product family, which provides centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products, including software updates, configuration, policy settings, and security updates, as well as FortiAP product family, which provides secure wireless networking solutions. 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. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company 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 CIK1262039 Webwww.fortinet.com Phone408-235-7700Debt Debt-to-Equity RatioN/A Current Ratio1.84 Quick Ratio1.77Price-To-Earnings Trailing P/E Ratio73.12 Forward P/E Ratio63.07 P/E Growth4.2 Sales & Book Value Annual Sales$1.80 billion Price / Sales7.83 Cash Flow$2.0068 per share Price / Cash Flow41.17 Book Value$6.20 per share Price / Book13.33Profitability EPS (Most Recent Fiscal Year)$1.13 Net Income$332.20 million Net Margins18.64% Return on Equity22.52% Return on Assets7.25%Miscellaneous Employees5,845 Outstanding Shares170,760,000Market Cap$14.11 billion Next Earnings Date8/7/2019 (Estimated) 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 declared that its board has approved a share buyback program on Friday, October 27th 2017, which authorizes the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued. How were Fortinet's earnings last quarter? Fortinet Inc (NASDAQ:FTNT) announced its quarterly earnings results on Thursday, May, 2nd. The software maker reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.26. The software maker earned $472.60 million during the quarter, compared to analyst estimates of $471.90 million. Fortinet had a return on equity of 22.52% and a net margin of 18.64%. The company's revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. View Fortinet's Earnings History. When is Fortinet's next earnings date? Fortinet is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Fortinet. What guidance has Fortinet issued on next quarter's earnings? Fortinet issued an update on its FY19 earnings guidance on Thursday, May, 2nd. The company provided EPS guidance of $2.10-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.08. The company issued revenue guidance of $2.07-2.1 billion, compared to the consensus revenue estimate of $2.09 billion.Fortinet also updated its FY 2019 guidance to $2.10-2.15 EPS. What price target have analysts set for FTNT? 28 brokerages have issued twelve-month price objectives for Fortinet's shares. Their forecasts range from $59.00 to $100.00. On average, they expect Fortinet's share price to reach $84.7273 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price. View Analyst Price Targets for Fortinet. What is the consensus analysts' recommendation for Fortinet? 28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 3 sell ratings, 15 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. Evercore ISI analysts commented, "We do not view this as a particularly easy compare vs. the ~13% y/y product revenue growth (ex 606) we saw in 2018, which comped ~5% product growth in 2017. We believe longer- term FTNT’s business should become more ratable which was evident this quarter. With product growth likely slower this year we are looking for a continued ramp in the company’s ratable service revenue to support growth going forward. We continue to view FTNT’s current valuation as rich and likely inflexible in the event of a negative surprise on the fundamentals. Remain In Line rated." (5/7/2019) 2. According to Zacks Investment Research, "Fortinet is benefiting from strength in overall product suite of Security Fabric. The digital transformation and security refresh cycle across most industries are tailwinds. Fortinet is the market leader in Unified Threat Management in terms of revenues, which is believed to be one of the fastest growing segments in Network Security with a projected growth in the range of high-single to low-double digits. Notably, its shares have outperformed the industry in the past year. Estimates have been stable lately ahead of the company’s first-quarter earnings release. It has positive record of earnings surprises in the recent quarters. Nonetheless, competition from numerous big and small players in the security application market poses concern. Near-term prospects for Fortinet are not promising as changing customer spending behavior recently hit several other players in this space. The company also seems to be losing business to its rivals." (4/9/2019) Has Fortinet been receiving favorable news coverage? Media stories about FTNT stock have trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Fortinet earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. 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/ADR (SEKEY), FireEye (FEYE), Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Mitek Systems (MITK), Immersion (IMMR), AstroNova (ALOT), RADCOM (RDCM), Identiv (INVE), RadiSys (RSYS) and TransAct Technologies (TACT). 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), Palo Alto Networks (PANW), Micron Technology (MU), salesforce.com (CRM), Paypal (PYPL), Cisco Systems (CSCO), Netflix (NFLX), Advanced Micro Devices (AMD) and Intel (INTC). Who are Fortinet's key executives? Fortinet's management team includes the folowing people: Mr. Ken Xie, Founder, Chairman & CEO (Age 56)Mr. Michael Xie, Founder, Pres, CTO & Director (Age 50)Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 50)Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 60)Mr. Peter M. Salkowski, VP of Investor Relations Who are Fortinet's major shareholders? Fortinet's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.09%), AQR Capital Management LLC (2.23%), Renaissance Technologies LLC (2.19%), Goldman Sachs Group Inc. (1.95%), MERIAN GLOBAL INVESTORS UK Ltd (1.51%) and Geode Capital Management LLC (1.51%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen. View Institutional Ownership Trends for Fortinet. Which institutional investors are selling Fortinet stock? FTNT stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Morgan Stanley, California Public Employees Retirement System, Fiera Capital Corp, BNP Paribas Arbitrage SA, Wells Fargo & Company MN, BNP PARIBAS ASSET MANAGEMENT Holding S.A. and JPMorgan Chase & Co.. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie, Michael Xie, Ming Hsieh and Peter Dale Jr Cohen. View Insider Buying and Selling for Fortinet. Which institutional investors are buying Fortinet stock? FTNT stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, AQR Capital Management LLC, Altshuler Shaham Ltd, BlackRock Inc., Natixis, Wellington Management Group LLP and Geode Capital Management LLC. 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 $82.62. How big of a company is Fortinet? Fortinet has a market capitalization of $14.11 billion and generates $1.80 billion in revenue each year. The software maker earns $332.20 million in net income (profit) each year or $1.13 on an earnings per share basis. Fortinet employs 5,845 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: 3.0 out of 5 ( )Outperform Votes: 999 (Vote Outperform)Underperform Votes: 682 (Vote Underperform)Total Votes: 1,681MarketBeat'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 5/19/2019 by MarketBeat.com StaffFeatured Article: Gap Up Stocks Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.