Fortinet, Inc. (FTNT)
| Market Cap | 74.49B |
| Revenue (ttm) | 5.71B |
| Net Income (ttm) | 1.53B |
| Shares Out | 766.45M |
| EPS (ttm) | 1.99 |
| PE Ratio | 48.81 |
| Forward PE | 41.24 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 13,236,402 |
| Open | 93.72 |
| Previous Close | 94.85 |
| Day's Range | 93.36 - 97.83 |
| 52-Week Range | 54.57 - 100.59 |
| Beta | 1.00 |
| Analysts | Buy |
| Price Target | 93.52 (-3.78%) |
| Earnings Date | Feb 4, 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 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 34 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $93.52, which is a decrease of -3.78% from the latest price.
News
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...
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.
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.
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...