Fortinet, Inc. (FTNT)
| Market Cap | 87.03B |
| Revenue (ttm) | 5.96B |
| Net Income (ttm) | 1.75B |
| Shares Out | 766.45M |
| EPS (ttm) | 2.26 |
| PE Ratio | 50.54 |
| Forward PE | 46.30 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 476,174 |
| Open | 113.80 |
| Previous Close | 114.21 |
| Day's Range | 113.76 - 114.56 |
| 52-Week Range | 54.57 - 114.82 |
| Beta | 1.01 |
| Analysts | Buy |
| Price Target | 105.04 (-7.49%) |
| Earnings Date | Feb 6, 2025 |
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 2024, Fortinet's revenue was $5.96 billion, an increase of 12.27% compared to the previous year's $5.30 billion. Earnings were $1.75 billion, an increase of 52.05%.
Financial StatementsAnalyst Forecast
According to 31 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $105.04, which is a decrease of -7.49% from the latest price.
News
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Fortinet Evolves FortiAnalyzer into a Turnkey AI-Driven SecOps Platform for Resource-Constrained Security Teams
SUNNYVALE, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced significant enhanceme...
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Fortinet's Firewall Refresh and Enterprise Deals Drive Growth, Analysts Highlight Upsell Potential
Cybersecurity firm Fortinet, Inc FTNT released its upbeat fourth-quarter print on Thursday.
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Fortinet, Inc. (FTNT) Q4 2024 Earnings Call Transcript
Fortinet, Inc. (NASDAQ:FTNT) Q4 2024 Earnings Conference Call February 6, 2025 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Execut...
Fortinet projects quarterly revenue above estimates
Fortinet forecast its full-year revenue above Wall Street estimates on Thursday, as clients turn to its cybersecurity products to protect their digital operations from rising online threats.
Fortinet Reports Fourth Quarter and Full Year 2024 Financial Results
Fourth Quarter 2024 Highlights Total revenue of $1.66 billion, up 17% year over year Product revenue of $574 million, up 18% year over year Billings of $2.00 billion, up 7% year over year 1 Record GAA...
Fortinet Stock Is Rallying, But Is It Overbought Before Q4 Earnings?
Fortinet Inc FTNT will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 61 cents in EPS and $1.59 billion in revenues as the company reports after market hours.
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Fortinet: Solid Growth, Strong Margins, And A Clear Path Forward
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Cybersecurity's Outlook & TikTok's "Double-Edged Sword"
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Fortinet to Announce Fourth Quarter and Full Year 2024 Financial Results
SUNNYVALE, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will ...
Big Money Locking Up Fortinet Shares
Cybersecurity firm Fortinet, Inc. (FTNT) is expanding around the world while drawing Big Money inflows.
Fortinet: Solid Growth But Overvalued After Recent Run
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Fortinet: Cybersecurity Could Be A Critical Theme In 2025 And I Am Still Bullish
Shares of Fortinet (FTNT) have surged over 65% YTD, driven by strong revenue growth and breaking out to new all-time highs. I remain bullish on FTNT due to its undervaluation, robust cybersecurity sol...
Fortinet, Inc. (FTNT) Barclays 22nd Annual Global Technology Conference (Transcript)
Fortinet, Inc. (NASDAQ:FTNT) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:55 PM ET Company Participants Michael Xie - Founder, President and Chief Technology Officer Keith Je...
Fortinet Achieves the Highest Possible “AAA” Rating on the Industry's Only Independent, Third-Party Security Service Edge Test
FortiSASE earned high scores in all four test categories, highlighting its ability to deliver robust, cloud-delivered security while ensuring efficient network performance FortiSASE earned high scores...
Vancouver Canucks Hockey Team Announces Fortinet as Its “Preferred Partner,” Selects Fortinet Security Fabric Platform and Secure SD-WAN
Fortinet's industry-leading solutions will enable Canucks Sports & Entertainment to protect its data center, securely connect its facilities, and detect and resolve network and security issues Fortine...
Fortinet Targets 45% Growth-Margin Combo, $450 Million Refresh Boost: Analysts See Big Upside
On November 7, Fortinet reported third-quarter revenue of $1.51 billion, up 13%, topping the consensus estimate of $1.48 billion. Product revenue was up 1.7% to $473.9 million.