Fortinet, Inc. provides broad, automated, and integrated 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 WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. 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; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. 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. was founded in 2000 and is headquartered in Sunnyvale, California.
Industry, Sector and Symbol
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustrySystems Software
SectorComputer and Technology
Phone408-235-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.49 billion
Profitability
Miscellaneous
Employees5,066
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 announced that its board has approved a share buyback plan on Friday, October 27th 2017, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Fortinet's earnings last quarter?
Fortinet Inc (NASDAQ:FTNT) released its earnings results on Thursday, November, 1st. The software maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The software maker had revenue of $453.90 million for the quarter, compared to the consensus estimate of $450.84 million. Fortinet had a return on equity of 20.52% and a net margin of 7.05%. The firm's revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. View Fortinet's Earnings History.
When is Fortinet's next earnings date?
How can I listen to Fortinet's earnings call?
Fortinet will be holding an earnings conference call on Wednesday, February 6th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8773036913.
What guidance has Fortinet issued on next quarter's earnings?
Fortinet updated its fourth quarter earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $0.50-$0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $490-$500 million, compared to the consensus revenue estimate of $492.21 million.Fortinet also updated its FY 2018 guidance to $1.72-1.76 EPS.
What price target have analysts set for FTNT?
27 equities research analysts have issued 12 month price targets for Fortinet's shares. Their predictions range from $52.00 to $100.00. On average, they anticipate Fortinet's stock price to reach $76.1818 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Price Targets for Fortinet.
What is the consensus analysts' recommendation for Fortinet?
27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 2 sell ratings, 14 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet.
Has Fortinet been receiving favorable news coverage?
Headlines about FTNT stock have trended very positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fortinet earned a coverage optimism score of 3.2 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near 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), HTC (HTCXF), Forescout Technologies (FSCT), Stratasys (SSYS), Digital China (DCHIF), Mitek Systems (MITK), Immersion (IMMR), AstroNova (ALOT), RADCOM (RDCM), Identiv (INVE) and TransAct Technologies (TACT).
Who are Fortinet's key executives?
Fortinet's management team includes the folowing people:
- Mr. Ken Xie, Founder, Chairman & CEO (Age 55)
- Mr. Michael Xie, Founder, Pres, CTO & Director (Age 49)
- Mr. John Whittle, VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 49)
- Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 59)
- Mr. Peter M. Salkowski, VP of Investor Relations
Who are Fortinet's major shareholders?
Fortinet's stock is owned by a number of of institutional and retail investors. Top institutional investors include Gateway Investment Advisers LLC (0.10%), Woodstock Corp (0.05%), Navellier & Associates Inc (0.04%), Boston Advisors LLC (0.03%), Gulf International Bank UK Ltd (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Judith Sim, Keith Jensen, Ken Xie, Matto Andrew H Del, 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 Louisiana State Employees Retirement System, Nisa Investment Advisors LLC, Gulf International Bank UK Ltd, Dorsey Wright & Associates, Meeder Asset Management Inc., Oakbrook Investments LLC, Boston Advisors LLC and Woodstock Corp. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Judith Sim, 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 bought by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, TrimTabs Asset Management LLC, State of Alaska Department of Revenue, Navellier & Associates Inc, Virtu Financial LLC, Delta Investment Management LLC, DNB Asset Management AS and Fox Run Management L.L.C.. 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 $70.50.
How big of a company is Fortinet?
Fortinet has a market capitalization of $12.01 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.
What is Fortinet's official website?
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)
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.
