Fortinet, Inc. (FTNT)
Market Cap | 75.81B |
Revenue (ttm) | 5.96B |
Net Income (ttm) | 1.75B |
Shares Out | 768.97M |
EPS (ttm) | 2.26 |
PE Ratio | 43.64 |
Forward PE | 39.93 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,472,624 |
Open | 97.39 |
Previous Close | 96.85 |
Day's Range | 97.39 - 98.75 |
52-Week Range | 54.57 - 114.82 |
Beta | 1.10 |
Analysts | Buy |
Price Target | 105.72 (+7.23%) |
Earnings Date | May 7, 2025 |
About FTNT
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity ga... [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 32 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $105.72, which is an increase of 7.23% from the latest price.
News

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Believe it or not, we just completed a good week for the U.S. stock market. The S&P 500 rose 5.7% through Friday's close from a week earlier, with three-quarters of component stocks showing gains.

Fortinet Wins 2025 Google Cloud Technology Partner of the Year Award
Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for Google Cloud Customers Fortinet Recognized for Advancing Cloud Security with Integrated, Scalable Solutions for...

Fortinet Expands FortiAI Across its Security Fabric Platform
New AI capabilities empower organizations to protect against emerging threats, accelerate security and network operations with agentic AI New AI capabilities empower organizations to protect against e...

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Fortinet to Announce First Quarter 2025 Financial Results
SUNNYVALE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a confer...

Liquid Networx Secures Major Global Retail Enterprise DLP Deal with Fortinet
SAN ANTONIO--(BUSINESS WIRE)--Liquid Networx, a premier cybersecurity and managed services provider, has partnered with Fortinet, a global leader in cybersecurity solutions, to deploy FortiDLP (Data L...

Exclusive Networks North America Achieves Fortinet's Engage Preferred Services Partner Designation
FREMONT, Calif. , March 26, 2025 /PRNewswire/ -- Exclusive Networks North America, a global leader in cybersecurity, today announced that it has been named an Engage Preferred Services Partner (EPSP) ...

Hackers are exploiting Fortinet firewall bugs to plant ransomware
Security researchers have observed hackers linked to the notorious LockBit gang exploiting a pair of Fortinet firewall vulnerabilities to deploy ransomware on several company networks.

Fortinet Expands Its OT Security Platform to Strengthen Protection for Critical Infrastructure
SUNNYVALE, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has ...

Fortinet, Inc. (FTNT) CEO Ken Xie presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Fortinet, Inc. (NASDAQ:FTNT) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 12:15 PM ET Company Participants Ken Xie - Chairman, CEO and Founder Keith Jensen - CFO Conference Cal...

Empower Students with Free Resources to Thrive in Today's Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet
CHARLOTTE, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Discovery Education, the creator of essential K-12 solutions used in classrooms around the world, today announced the launch of a new Digital Citizen...

Fortinet: Capitalizing On Hardware Firewall Upgrades For Future Growth
Hardware firewalls remain crucial for legacy on-premise infrastructure, edge computing needing real-time responses, and remote areas with unreliable internet. Fortinet should benefit from a massive up...

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The Big 3: FTNT, NXT, SYK
Dan Deming joins today's Big 3 to talk about three companies he believes may have fallen under the radar for investors. He talks about Fortinet's (FTNT) impact on cybersecurity, Nextracker's (NXT) rol...

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...

Fortinet at Mobile World Congress: Join Us to Explore Sovereign SASE Innovations
Learn how the Fortinet Security Fabric platform supports and enables service providers' journey for innovation, growth, and efficiency Learn how the Fortinet Security Fabric platform supports and enab...

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.

Cloudflare and Fortinet stocks soar after strong Q4 earnings: key takeaways for investors
Shares of Cloudflare and Fortinet were surging on Friday after both companies delivered better-than-expected fourth-quarter earnings, boosting investor confidence in the cybersecurity sector. Cloudfla...

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As of Feb. 7, 2025, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Cloudflare, Fortinet Stocks Jump. What DeepSeek, Tariffs Mean for Cybersecurity Names.
Shares in the cybersecurity companies were rising Friday after both reported an earnings beat.

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.