Fortinet, Inc. (FTNT)

NASDAQ: FTNT · Real-Time Price · USD
101.62
+1.83 (1.83%)
Mar 25, 2025, 1:15 PM EDT - Market open
1.83%
Market Cap 78.14B
Revenue (ttm) 5.96B
Net Income (ttm) 1.75B
Shares Out 768.97M
EPS (ttm) 2.26
PE Ratio 44.86
Forward PE 41.02
Dividend n/a
Ex-Dividend Date n/a
Volume 1,234,711
Open 99.72
Previous Close 99.79
Day's Range 99.55 - 102.22
52-Week Range 54.57 - 114.82
Beta 0.97
Analysts Buy
Price Target 105.64 (+3.96%)
Earnings Date May 1, 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]

Sector Technology
IPO Date Nov 18, 2009
Employees 14,138
Stock Exchange NASDAQ
Ticker Symbol FTNT
Full Company Profile

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 Statements

Analyst Forecast

According to 31 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $105.64, which is an increase of 3.96% from the latest price.

Price Target
$105.64
(3.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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.

8 days ago - TechCrunch

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 ...

14 days ago - GlobeNewsWire

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...

20 days ago - Seeking Alpha

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...

Other symbols: VZ
26 days ago - GlobeNewsWire

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...

27 days ago - Seeking Alpha

Top 2 ‘Magnificent Seven' alternatives to own in 2025

“Magnificent Seven” were the standout performers last year but a Piper Sandler analyst is not entirely convinced they're positioned for a repeat telecast in 2025. Other than Meta Platforms Inc, none o...

Other symbols: QCOM
4 weeks ago - Invezz

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...

Other symbols: NXTSYK
4 weeks ago - Schwab Network

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...

4 weeks ago - GlobeNewsWire

20 stocks of companies that have put up excellent numbers this earnings season, including a surprise

It's a good sign when a company can increase sales rapidly while also maintaining pricing power and improving efficiency.

5 weeks ago - Market Watch

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...

5 weeks ago - GlobeNewsWire

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.

6 weeks ago - Benzinga

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...

Other symbols: NET
6 weeks ago - Invezz

Top 2 Tech Stocks That May Collapse In February

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.

Other symbols: NET
6 weeks ago - Benzinga

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.

Other symbols: NET
6 weeks ago - Barrons

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...

6 weeks ago - Seeking Alpha

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.

6 weeks ago - Reuters

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...

6 weeks ago - GlobeNewsWire

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.

6 weeks ago - Benzinga

Walser: A.I. in Wild West Until Monetization & Picks in SNAP, FTNT, LMT

Rebecca Walser says the runway for A.I. is here but volatility will reign until the technology is monetized.

Other symbols: LMTSNAP
7 weeks ago - Schwab Network

Fortinet: Solid Growth, Strong Margins, And A Clear Path Forward

Fortinet's recurring revenue model drives consistent growth and improves financial predictability. The company's cash flow margins are strong, beating out a lot of its competitors. Partnerships and so...

2 months ago - Seeking Alpha

Cybersecurity's Outlook & TikTok's "Double-Edged Sword"

With Donald Trump officially in office, Dr. Chris Pierson expects to see less oversight on cybersecurity in the private sector and instead place a greater emphasis in Federal agencies. Mike Marcotte a...

2 months ago - Schwab Network

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 ...

2 months ago - GlobeNewsWire

Big Money Locking Up Fortinet Shares

Cybersecurity firm Fortinet, Inc. (FTNT) is expanding around the world while drawing Big Money inflows.

3 months ago - FXEmpire

Fortinet: Solid Growth But Overvalued After Recent Run

Fortinet is a leading cybersecurity firm with strong fundamentals. The company will benefit from secular global market growth. Despite excellent performance and profitability, Fortinet's valuation app...

3 months ago - Seeking Alpha

Okta and Fortinet Stocks Catch Upgrades. Why This AI Name Was Downgraded.

Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc.

Other symbols: OKTA
3 months ago - Barrons