Fortinet, Inc. (FTNT)
| Market Cap | 70.86B |
| Revenue (ttm) | 5.71B |
| Net Income (ttm) | 1.53B |
| Shares Out | 766.45M |
| EPS (ttm) | 1.99 |
| PE Ratio | 46.43 |
| Forward PE | 39.21 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,631,539 |
| Open | 91.30 |
| Previous Close | 90.79 |
| Day's Range | 90.61 - 92.49 |
| 52-Week Range | 50.65 - 100.59 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 89.70 (-2.97%) |
| Earnings Date | Nov 7, 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 "Buy." The 12-month stock price forecast is $89.7, which is a decrease of -2.97% from the latest price.
News
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.
Fortinet, Inc. (FTNT) Needham Security, Networking, & Communications Conference (Transcript)
Fortinet, Inc. (NASDAQ:FTNT) Needham Security, Networking, & Communications Conference November 19, 2024 9:30 AM ET Company Participants Keith Jensen - CFO John Whittle - COO Christiane Ohlgart - Chi...
Fortinet Expands Global Presence with New Company-Owned Innovation Hub in Atlanta
Newly acquired 10-story building will be transformed into newest Innovation Hub from Fortinet, including FortiCloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center ...
The Underdog Breaks Through: Maintaining Fortinet With A Buy
Fortinet's stock dipped post-earnings due to reduced guidance but rebounded as it beat revenue and EPS consensus, showing resilience and investor confidence. I maintain a buy rating on FTNT, driven by...
Fortinet to Host Analyst Day on its 15-Year IPO Anniversary
SUNNYVALE, Calif., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “As we celebrate the 15th year anniversary of our IPO, we reflect ...
Fortinet, Inc. (FTNT) Q3 2024 Earnings Call Transcript
Fortinet, Inc. (NASDAQ:FTNT) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Aaron Ovadia - Director of Investor Relations Ken Xie - Founder, Chairman & Chief Execut...
Fortinet's quarterly revenue forecast disappoints, shares fall
Cybersecurity firm Fortinet's fourth-quarter revenue forecast failed to impress investors on Thursday, sending its shares down over 8% in extended trading.
Fortinet Reports Third Quarter 2024 Financial Results
Highlights Total revenue up 13% year over year; service revenue up 19% year over year Billings 1 and product revenue returns to growth Strong billings growth in Unified SASE and Security Operations Re...
Fortinet Gears Up For Q3 Earnings As Cyber Demand Drives Momentum
Fortinet Inc FTNT will be reporting its third-quarter earnings on Thursday. Wall Street expects 52 cents in EPS and $1.48 billion in revenues as the company reports after market hours.
Media Advisory: Fortinet Returns to World Economic Forum Annual Meeting on Cybersecurity
Fortinet to collaborate with experts and contribute insights on enhancing global cyber resilience through public-private collaboration Fortinet to collaborate with experts and contribute insights on e...
Fortinet Report Finds Nearly 70% of Organizations Say Their Employees Lack Fundamental Security Awareness
SUNNYVALE, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet “As threat actors harness new technologies like AI to augment the sophistication of their attack...
Top Wall Street analysts like these stocks for their growth prospects
TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.
Fortinet Securing Big Money Interest
Solid financials, promising prospects have Big Money buying up shares of cybersecurity firm Fortinet, Inc. (FTNT).
Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election
Phishing scams aimed at voters, malicious domain registrations impersonating candidates, and other threat activity designed to exploit unassuming victims take center stage as the U.S. election approac...
Fortinet: Leading Profitability In The Cybersecurity Industry
Fortinet has achieved a 34.5% return since my last recommendation, and I believe it can continue to offer good returns due to its strong fundamentals. Despite cyclical hardware sales, Fortinet's ecosy...
Fortinet: On The Road To Recovery (Rating Upgrade)
Fortinet's share price rebounded to near all-time highs after Q2 earnings, driven by easing hardware demand headwinds and improving margins. Despite potential short-term service revenue headwinds, For...
Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN
Fortinet named a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the fifth year in a row Fortinet named a Leader in the 2024 Gartner Magic Quadrant for SD-WAN for the fifth year in a row
Fortinet to Announce Third Quarter 2024 Financial Results
SUNNYVALE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will h...
Strategic Partnership Announcement: Laurentide Controls announces partnership with Fortinet to enhance the security of industrial operations technologies (OT)
KIRKLAND, Quebec, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Laurentide Controls, a leader in the industrial automation, reliability and digitization sector in Eastern Canada, is proud to announce a strategic...
Fortinet Honored as Winner of the 2024 SC Awards for Best Professional Certification Program
SUNNYVALE, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been named a ...
Fortinet: A Strategic Investment Opportunity In The Cybersecurity Sector
Fortinet's second quarter 2024 earnings showed reaccelerating revenue growth and significant margin expansion, leading to a 25% stock price increase. The company's strategy of combining traditional ne...
Fortinet: Maintaining A Buy Despite Near Term Headwinds
I maintain my buy rating on Fortinet after I called the bottom before 2Q24 earnings. I believe that when the refresh cycle comes around in 2025 and firewall growth recovery takes off, Fortinet will be...
Big Money Locking Up Fortinet Shares
Shares of cybersecurity company Fortinet, Inc. (FTNT) are drawing huge investor interest after showing recent revenue and earnings strength.
Fortinet confirms customer data breach
On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data.
Fortinet Opens New Company-Owned Innovation Hub in Chicago, Deepening its Global Reach and Commitment to Elevating Enterprise Customer Experiences Worldwide
Latest Fortinet-owned facility will include an R&D Center, Fortinet Cloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to Drive Innovation, Collaboration, and Gr...