Fortinet, Inc. (FTNT)
| Market Cap | 45.99B |
| Revenue (ttm) | 5.40B |
| Net Income (ttm) | 1.20B |
| Shares Out | 763.94M |
| EPS (ttm) | 1.54 |
| PE Ratio | 39.09 |
| Forward PE | 34.18 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,261,592 |
| Open | 59.80 |
| Previous Close | 59.63 |
| Day's Range | 59.23 - 60.50 |
| 52-Week Range | 44.12 - 81.24 |
| Beta | 1.09 |
| Analysts | Hold |
| Price Target | 69.34 (+15.18%) |
| Earnings Date | May 2, 2024 |
About FTNT
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products... [Read more]
Financial Performance
In 2023, Fortinet's revenue was $5.30 billion, an increase of 20.09% compared to the previous year's $4.42 billion. Earnings were $1.15 billion, an increase of 33.89%.
Financial StatementsAnalyst Forecast
According to 33 analysts, the average rating for FTNT stock is "Hold." The 12-month stock price forecast is $69.34, which is an increase of 15.18% from the latest price.
News
Fortinet Reaffirms Its Commitment to Secure Product Development Processes and Responsible Vulnerability Disclosure Policies
As one of the first cybersecurity vendors to sign CISA's Secure by Design pledge, Fortinet furthers its dedication to a culture of responsible radical transparency with the safety of customers top of ...
Trade Tracker: Stephanie Link buys more Fortinet
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to discuss why she's buying more Fortinet.
Fortinet Threat Research Finds Cybercriminals Are Exploiting New Industry Vulnerabilities 43% Faster than 1H 2023
FortiGuard Labs' 2H 2023 Global Threat Landscape Report highlights the need for vendors to adhere to vulnerability disclosure best practices and for organizations to improve cyber hygiene and patch ma...
Cybersecurity Firm Fortinet's Billings Drag Stock Despite Revenue and Earnings Beat
Fortinet (FTNT) shares tumbled as the cybersecurity firm's billings and product revenue declined, outweighing higher-than-forecast results for the first quarter.
Cloudflare, Block, Fortinet, Palo Alto, and Other Tech Stocks in Focus Today
Tech stocks looked set to continue their momentum Friday. A boost for Apple's shares was helping.
Fortinet's stock falls 9% after cybersecurity company's quarterly billings drop
Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but ...
Fortinet projects quarterly billings below estimates as competition heats up
Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity t...
Fortinet Reports First Quarter 2024 Financial Results
First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28...
Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge
Fortinet Recognized in Eight Gartner® Magic Quadrant™ Reports, Based on the Fortinet Security Fabric Platform SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Offic...
Fortinet Releases its 2023 Sustainability Report
Report provides a comprehensive overview of Fortinet's sustainability progress and initiatives from the past year Report provides a comprehensive overview of Fortinet's sustainability progress and ini...
Fortinet Wins Two Google Cloud Technology Partner of the Year Awards for Security
SUNNYVALE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud
Fortinet Introduces Expansive Upgrades to its Real-Time Network Security Operating System to Empower Enterprises to Fortify Their Networks
The latest version of FortiOS, the only operating system that seamlessly converges networking and security, and Security Fabric updates deliver new generative AI, data protection, managed services, an...
Fortinet to Announce First Quarter 2024 Financial Results
SUNNYVALE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will ...
Malcolm Ethridge's Best Ideas for Q2 & Beyond
Malcolm Ethridge of CIC Wealth makes the case for Amazon and Fortinet as his top picks for the next several quarters.
Fortinet Recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN Infrastructure
Fortinet delivers a range of secure and integrated WLAN/LAN solutions, such as data center, smart campus, cyber physical, SD-Branch, microbranch with SASE, and hybrid workforce environments Fortinet d...
Windstream Enterprise Debuts Secure Flex Premium with Fortinet for Maximum Enterprise Agility and Digital Acceleration
LITTLE ROCK, Ark.--(BUSINESS WIRE)--Windstream Enterprise (WE), a leading IT managed services provider, today unveiled Secure Flex Premium, a comprehensive suite of advanced technology solutions power...
Fortinet Joins the European Commission's Cybersecurity Skills Academy Initiative to Provide Learning Opportunities Across the European Union
Building on the company's mission to close the cyber skills gap globally, Fortinet participates in European Union pledge to upskill and reskill individuals Building on the company's mission to close t...
Final Trades: Shake Shake, Fortinet, BlackRock and JEPQ
Today's “Halftime Report” Investment Committee, Bryn Talkington, Stephanie Link, Jim Lebenthal and Josh Brown give their top picks to watch for the second half.
Tech Industry Leader and Boardroom Powerhouse Maggie Wilderotter Joins Fortinet Board of Directors
SUNNYVALE, Calif., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet “We're pleased to welcome Maggie Wilderotter to our esteemed board of directors.
The red-hot cyber trade: Palo Alto Networks, Crowdstrike and Fortinet
The Investment Committee give their top cyber picks as Palo Alto Networks is set to report after the bell tonight.
Cramer's Mad Dash: Fortinet
CNBC's Jim Cramer delivers his daily Mad Dash.
Fortinet Stock Jumps as Cybersecurity Demand Drives Q4 Earnings Beat—Key Level to Watch
Cybersecurity solutions company Fortinet, Inc. (FTNT) reported quarterly earnings and billings that came in ahead of Wall Street's expectations, sending its shares up more than 5% in early trading Wed...
Fortinet ‘Not Broken' as Stock Rallies on Strong Billings Beat
The cybersecurity company also topped quarterly expectations for adjusted earnings.
Fortinet beats Q4 profit on cybersecurity demand, shares jump
Fortinet reported fourth-quarter profit above analysts' estimates on Tuesday, as enterprises spent more to safeguard their digitized operations against the rising risk of attacks, sending the cybersec...