NASDAQ:FTNT - Fortinet Stock Price, Forecast & News

Fortinet trades on the NASDAQ under the ticker symbol "FTNT."

Fortinet Inc (NASDAQ:FTNT) posted its quarterly earnings data on Thursday, October, 31st. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.11. The software maker earned $547.50 million during the quarter, compared to the consensus estimate of $533.55 million. Fortinet had a return on equity of 25.46% and a net margin of 19.23%. The firm's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. View Fortinet's Earnings History.

Fortinet is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Fortinet.

Fortinet will be holding an earnings conference call on Thursday, February 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Fortinet issued an update on its FY 2019 IntraDay earnings guidance on Monday, November, 25th. The company provided EPS guidance of $$2.39-2.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $$2.40. The company issued revenue guidance of $$2.135-2.15 billion, compared to the consensus revenue estimate of $$2.14 billion.

24 equities research analysts have issued 1-year target prices for Fortinet's shares. Their forecasts range from $80.00 to $130.00. On average, they anticipate Fortinet's stock price to reach $107.23 in the next twelve months. This suggests that the stock has a possible downside of 8.7%. View Analyst Price Targets for Fortinet.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 1 sell rating, 12 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Fortinet.

News headlines about FTNT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Fortinet earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Fortinet.

Fortinet saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,650,000 shares, an increase of 5.7% from the December 15th total of 4,400,000 shares. Based on an average daily volume of 1,300,000 shares, the days-to-cover ratio is presently 3.6 days. Currently, 3.2% of the company's shares are short sold. View Fortinet's Current Options Chain.

Some companies that are related to Fortinet include Microsoft (MSFT), Oracle (ORCL), VMware (VMW), ServiceNow (NOW), Symantec (SYMC), Proofpoint (PFPT), Qualys (QLYS), CommVault Systems (CVLT), Progress Software (PRGS), TiVo (TIVO) and FalconStor Software (FALC).

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), Mastercard (MA), Cisco Systems (CSCO), Adobe (ADBE), Home Depot (HD), Walt Disney (DIS) and Netflix (NFLX).

Fortinet's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.05%), Woodstock Corp (0.05%), Assenagon Asset Management S.A. (0.04%), State of Alaska Department of Revenue (0.02%), Perigon Wealth Management LLC (0.02%) and DNB Asset Management AS (0.01%). 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.

FTNT stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., IFP Advisors Inc, State of Alaska Department of Revenue, Gateway Investment Advisers LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, DNB Asset Management AS, Nisa Investment Advisors LLC and TrimTabs Asset Management LLC. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, John Whittle, Keith Jensen, Ken Xie and Michael Xie. View Insider Buying and Selling for Fortinet.

FTNT stock was purchased by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, 180 Wealth Advisors LLC, HBW Advisory Services LLC, Cooper Financial Group, AE Wealth Management LLC, IBM Retirement Fund, FLC Capital Advisors and Huntington National Bank. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of FTNT stock can currently be purchased for approximately $117.41.

Fortinet has a market capitalization of $20.08 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.View Additional Information About Fortinet.

The official website for Fortinet is http://www.fortinet.com/.

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]