Fortinet, Inc. (FTNT)
| Market Cap | 83.12B |
| Revenue (ttm) | 5.96B |
| Net Income (ttm) | 1.75B |
| Shares Out | 764.71M |
| EPS (ttm) | 2.26 |
| PE Ratio | 48.09 |
| Forward PE | 44.07 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 5,446,758 |
| Open | 105.27 |
| Previous Close | 106.18 |
| Day's Range | 105.27 - 109.30 |
| 52-Week Range | 54.57 - 114.82 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 104.53 (-3.83%) |
| 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 33 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $104.53, which is a decrease of -3.83% from the latest price.
News
Chris Verrone says cybersecurity stocks have more room to run
'Fast Money' trader Chris Verrone charts the next moves in the cybersecurity space.
BCI Strengthens National Presence with Strategic Acquisition of Pennsylvania-Based Fortinet Partner Trustlink Technologies
RIDGELAND, Miss.--(BUSINESS WIRE)--BCI continues to make strategic moves, this time by acquiring Trustlink Technologies, a highly respected cybersecurity services and consulting firm in Harrisburg, Pe...
Vodafone Business and Fortinet Expand Global Partnership to Secure Hybrid Work
Vodafone Business expands its converged networking and cybersecurity services powered by the Fortinet Unified SASE solution to new global markets. Vodafone Business has been also designated “Fortinet ...
Fortinet Threat Report Reveals Record Surge in Automated Cyberattacks as Adversaries Weaponize AI and Fresh Techniques
FortiGuard Labs 2025 Global Threat Landscape Report highlights a boom in Cybercrime-as-a-Service on the darknet, fueling a lucrative market for credentials, exploits, and access
Fortinet: Three Major Growth Catalysts
Fortinet: Three Major Growth Catalysts
Fortinet Achieves GovRAMP Security Authorization
GovRAMP, formerly known as StateRAMP, authorization highlights Fortinet's ongoing commitment to secure critical government operations and functions with advanced threat intelligence GovRAMP, formerly ...
BCI Reaches Unprecedented Number of Fortinet Certifications and Specializations
RIDGELAND, Miss.--(BUSINESS WIRE)-- #BCI--BCI is thrilled to announce a groundbreaking achievement that highlights our commitment to excellence in cybersecurity. Our team has reached an impressive mil...
Fortinet Releases its 2024 Sustainability Report
SUNNYVALE, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its 2024...
Here are this week's 20 best performers as the S&P 500 rallied
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...
Palo Alto Networks and 2 More Software Stocks That Can Handle an Economic Slowdown
Of the three stock plays, two are in the cybersecurity business and one is a fintech.
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...
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...
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...