Fortinet Stock Forecast, Price & News

+2.52 (+0.93 %)
(As of 07/29/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume957,341 shs
Average Volume1.09 million shs
Market Capitalization$44.78 billion
P/E Ratio92.64
Dividend YieldN/A
30 days | 90 days | 365 days | Advanced Chart
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About Fortinet

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was founded in 2000 and is headquartered in Sunnyvale, California.


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Overall MarketRank

2.02 out of 5 stars

Computer And Technology Sector

214th out of 1,650 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

6th out of 30 stocks

Analyst Opinion: 2.1Community Rank: 3.6Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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Fortinet (NASDAQ:FTNT) Frequently Asked Questions

Is Fortinet a buy right now?

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortinet in the last year. There are currently 3 sell ratings, 10 hold ratings and 9 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.

What stocks does MarketBeat like better than Fortinet?

Wall Street analysts have given Fortinet a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Fortinet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Fortinet's next earnings date?

Fortinet is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Fortinet

How were Fortinet's earnings last quarter?

Fortinet, Inc. (NASDAQ:FTNT) posted its quarterly earnings data on Thursday, April, 29th. The software maker reported $0.81 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.33. The software maker earned $710.30 million during the quarter, compared to analyst estimates of $678.91 million. Fortinet had a net margin of 17.96% and a trailing twelve-month return on equity of 54.85%.
View Fortinet's earnings history

How has Fortinet's stock price 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 shares have increased by 211.8% and is now trading at $274.21.
View which stocks have been most impacted by COVID-19

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

Fortinet updated its third quarter 2021 earnings guidance on Thursday, July, 29th. The company provided earnings per share guidance of $0.900-$0.950 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.950. The company issued revenue guidance of $800 million-$815 million, compared to the consensus revenue estimate of $779.10 million.

What price target have analysts set for FTNT?

22 brokers have issued 12-month price objectives for Fortinet's shares. Their forecasts range from $104.00 to $305.00. On average, they anticipate Fortinet's stock price to reach $212.45 in the next twelve months. This suggests that the stock has a possible downside of 22.5%.
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:
  • Mr. Ken Xie, Founder, Chairman & CEO (Age 58, Pay $1.78M)
  • Mr. Michael Xie, Founder, Pres, CTO & Director (Age 52, Pay $788.09k) (LinkedIn Profile)
  • Mr. Keith F. Jensen, CFO & Chief Accounting Officer (Age 62, Pay $896.33k) (LinkedIn Profile)
  • Mr. John Whittle, Exec. VP of Corp. Devel. & Strategic Alliances, Gen. Counsel and Corp. Sec. (Age 52, Pay $664.94k)
  • Ms. Ana Pease, VP of Talent Management & Operations
  • Mr. Peter M. Salkowski, VP of Investor Relations
  • Mr. John Maddison, Chief Marketing Officer & Exec. VP of Products
  • Mr. Chris Perna, VP of Talent Acquisition
  • Mr. Patrice Perche, Exec. VP of Support & Chief Revenue Officer
  • Ms. Sandra Wheatley, Sr. VP of Marketing, Threat Intelligence & Influencer Communications

What is Ken Xie's approval rating as Fortinet's CEO?

640 employees have rated Fortinet CEO Ken Xie on 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?

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), (CRM), The 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 shareholders include Country Trust Bank (0.10%), Oregon Public Employees Retirement Fund (0.04%), State of Alaska Department of Revenue (0.03%), Transform Wealth LLC (0.02%), Moody Lynn & Lieberson LLC (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Fortinet stock include Christopher B Paisley, John Whittle, Keith Jensen, Kelly Ducourty, Ken Xie, 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 State of Alaska Department of Revenue, Country Trust Bank, Marshall Financial Group LLC, Hedeker Wealth LLC, Harel Insurance Investments & Financial Services Ltd., Cypress Capital Group, BNC Wealth Management LLC, and Cooper Financial Group. Company insiders that have sold Fortinet company stock in the last year include Christopher B Paisley, 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 Oregon Public Employees Retirement Fund, Moody Lynn & Lieberson LLC, Transform Wealth LLC, Stratos Wealth Partners LTD., IFM Investors Pty Ltd, Lake Street Financial LLC, New Mexico Educational Retirement Board, and First United Bank Trust.
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.
Compare Top Brokerages Here.

What is Fortinet's stock price today?

One share of FTNT stock can currently be purchased for approximately $274.21.

How much money does Fortinet make?

Fortinet has a market capitalization of $44.78 billion and generates $2.59 billion in revenue each year. The software maker earns $488.50 million in net income (profit) each year or $2.44 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 Europe Limited, Bradford Networks Inc, Coyote Point Systems, CyberSponse, CyberSponse Federal Inc, CyberSponse Inc, CyberSponse India Private Limited, Fortinet Austria GmbH, Fortinet BV, Fortinet Belgium BV, Fortinet Branch Holding Company, Fortinet Colombia SAS, 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 KK, Fortinet Malaysia SDN BHD, Fortinet Mexico S de RL de CV, Fortinet Network Security Brazil Limitada, Fortinet Networks Mauritius Ltd, Fortinet Networks Romania SRL, Fortinet SARL, Fortinet Security Israel Ltd, Fortinet Security Italy SRL, Fortinet Security Korea Ltd, Fortinet Security LLC, Fortinet Security NZ Limited, Fortinet Security Network (Thailand) Ltd, Fortinet Security Spain SL, Fortinet Singapore Private Limited, Fortinet Technologies (Canada) ULC, Fortinet Technologies India Private Limited, Fortinet Turkey Güvenlik Sistemleri Limited Şirketi, Fortinet UK Ltd, IPLocks, IntruGuard, Meru Networks, OPAQ Networks, PT Fortinet Indonesia Security, Panopta, Secure Element, ShieldX Networks, TalkSwitch, Woven Systems, ZoneFox, ZoneFox Holding Limited, ZoneFox Limited, enSilo, 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

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 or via email at [email protected]

This page was last updated on 7/30/2021 by Staff
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