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Fortinet, Inc. (FTNT)

Stock Price: $168.22 USD -1.63 (-0.96%)
Updated Feb 25, 2021 1:47 PM EST - Market open
Market Cap 27.72B
Revenue (ttm) 2.59B
Net Income (ttm) 488.50M
Shares Out 164.20M
EPS (ttm) 2.91
PE Ratio 57.81
Forward PE 45.87
Dividend n/a
Dividend Yield n/a
Trading Day February 25
Last Price $168.22
Previous Close $169.85
Change ($) -1.63
Change (%) -0.96%
Day's Open 168.82
Day's Range 165.87 - 170.58
Day's Volume 1,139,187
52-Week Range 70.20 - 172.41

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The Motley Fool - 5 hours ago

Impressive top-line growth and improving margins can send this cybersecurity play higher.

Benzinga - 6 hours ago

Fortinet Inc (NASDAQ: FTNT) priced $500 million 1% notes due 2026 and $500 million 2.2% notes due 2031 in a debt offering. The offering is expected to close on March 5, 2021.

GlobeNewsWire - 20 hours ago

SUNNYVALE, Calif., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Fortinet, Inc. (Nasdaq: FTNT) announced today that it has priced its underwritten, registered public offering of $1.0 billion aggregate pri...

Zacks Investment Research - 1 week ago

Let's check out the fourth-quarter results of some of the cyber security firms that have the largest allocation to the ETFs in this niche area of the technology sector.

Other stocks mentioned: CIBR, IHAK, BUG, CHKP, FEYE, HACK
24/7 Wall Street - 1 week ago

Technology was a big 2020 winner and has started 2021 out the same way. Many top software stocks have had an outstanding start to the year.

Other stocks mentioned: FEYE
Kiplinger - 1 week ago

The market itself is sitting at lofty valuations, but several S&P 500 stocks are extremely overheated. Consider giving these 10 picks a little time to cool off.

Other stocks mentioned: ABMD, CMG, ILMN, MSCI, RMD, ROL, TER, UA, UAA, ZBRA
The Motley Fool - 2 weeks ago

The cybersecurity firm is outpacing average industry growth by a wide margin.

24/7 Wall Street - 2 weeks ago

With the trading day about halfway over, the broad markets were trading sideways into the weekend.

Other stocks mentioned: BIIB, KSS, PINS
Zacks Investment Research - 2 weeks ago

Fortinet's (FTNT) fourth-quarter 2020 results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Zacks Investment Research - 2 weeks ago

Fortinet (FTNT) delivered earnings and revenue surprises of 10.42% and 3.55%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 2 weeks ago

Shares of Fortinet (NASDAQ:FTNT) rose in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 39.47% over the past year to $1.06, which beat...

GlobeNewsWire - 2 weeks ago

Fourth Quarter 2020 Highlights

Zacks Investment Research - 3 weeks ago

Fortinet's (FTNT) Q4 results are likely to reflect a robust product portfolio and increased demand for IT security. However, high capex is likely to have been a headwind.

Zacks Investment Research - 4 weeks ago

Fortinet (FTNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobeNewsWire - 4 weeks ago

FortiXDR is the Only Extended Detection and Response Solution That Can Autonomously Manage Cyber Incidents From Identification to Remediation

24/7 Wall Street - 1 month ago

With the trading day about half over, the broad markets were sliding into the weekend.

Other stocks mentioned: AAPL, AMZN, FB, NIO, EXPE, ORCL, SNOW, VMW, WDAY
GlobeNewsWire - 1 month ago

Fortinet Customers Realize 100% ROI in Five Years with Fortinet Secure SD-WAN Fortinet Customers Realize 100% ROI in Five Years with Fortinet Secure SD-WAN

The Motley Fool - 1 month ago

These three tech names have a lot going for them in the new year.

Other stocks mentioned: GOOG, GOOGL, TSM
Zacks Investment Research - 1 month ago

In the latest trading session, Fortinet (FTNT) closed at $148.17, marking a +0.02% move from the previous day.

InvestorPlace - 1 month ago

These best tech stocks to buy are all coming off solid performances in 2020. The new year promises to keep their winning streaks going.

Other stocks mentioned: AAPL, AMD, AMZN, GOOG, GOOGL, MSFT, ORCL, ZM
24/7 Wall Street - 1 month ago

Technology was a big 2020 winner, and many of the top software stocks had an outstanding year.

Other stocks mentioned: PING, RPD
GlobeNewsWire - 1 month ago

In Response to Widening Cybersecurity Skills Gap and Strong Demand, Fortinet to Continue Offering Entire Catalogue of Self-paced Network Security Expert Training at No Cost for the Foreseeable...

Zacks Investment Research - 1 month ago

Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

The Motley Fool - 1 month ago

Two "reopening of the economy" big tech stocks and a cybersecurity play top my list this month.

Other stocks mentioned: GOOGL, IBM, GOOG
Zacks Investment Research - 1 month ago

Here we discuss three stocks -- QLYS, FTNT, FEYE -- that have witnessed a remarkable run this year and are well poised to generate double-digit returns in 2021 as well.

Other stocks mentioned: FEYE, QLYS
Zacks Investment Research - 1 month ago

Fortinet (FTNT) closed the most recent trading day at $148.02, moving +0.33% from the previous trading session.

InvestorPlace - 1 month ago

In five years, the cybersecurity industry is expected to nearly triple. So, there's a lot of growth ahead.

Other stocks mentioned: FEYE, SWI
Zacks Investment Research - 1 month ago

We discuss four disruptive stocks, NVDA, BRKS, QCOM and FTNT, which are poised to perform well in 2021 on technological advancement and strong fundamentals.

Other stocks mentioned: BRKS, NVDA, QCOM
Seeking Alpha - 2 months ago

Market-leading growth & margin momentum to deliver short-term upside as expectations are comfortably exceeded. SASE progress and edge decentralization not currently priced in.

Seeking Alpha - 2 months ago

There has been a higher level of activity among IT Security plays during the last week in the stock market. This follows the hacking of SolarWinds' network management software and using the br...

Zacks Investment Research - 2 months ago

Fortinet (FTNT) closed at $145.78 in the latest trading session, marking a -0.05% move from the prior day.

Business Insider - 2 months ago

Wedbush's Dan Ives was already anticipating an acceleration of cybersecurity spending for 2021 as more governments and businesses work from home and  adopt cloud technology. Now, following the...

Other stocks mentioned: SAIL, ZIXI, ZS
Investopedia - 2 months ago

These are the cybersecurity stocks with the best value, fastest growth, and most momentum for Q1 2021.

Other stocks mentioned: ATEN, CACI, CHKP, CRWD, NET, NLOK, RBBN, ZS
The Motley Fool - 2 months ago

These tech companies could be promising plays in 2021 and beyond.

Other stocks mentioned: DT, SPLK
Zacks Investment Research - 2 months ago

Fortinet (FTNT) closed at $128.36 in the latest trading session, marking a +0.63% move from the prior day.

Zacks Investment Research - 2 months ago

Fortinet (FTNT) recently acquired Panopta, a SaaS platform innovator, to build a comprehensive network and security operations management solution for enterprises and services providers.

Zacks Investment Research - 2 months ago

3 Security Stocks to Watch in a Challenging Industry

Other stocks mentioned: FEYE, QLYS
GlobeNewsWire - 2 months ago

Fortinet Continues to Build Cybersecurity Solutions with AWS Services, including  AWS Gateway Load Balancer, AWS Outpost s , AWS Network Firewall and AWS Transit Gateway

GlobeNewsWire - 2 months ago

FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy SD-WAN and Integrated Advanced Security to OT Networks FortiGate Rugged 60F Next-generation Firewalls Bring Easy-to-Deploy S...

GlobeNewsWire - 3 months ago

Eleventh Consecutive Year Fortinet Recognized in Gartner Magic Quadrant for Network Firewalls Eleventh Consecutive Year Fortinet Recognized in Gartner Magic Quadrant for Network Firewalls

GlobeNewsWire - 3 months ago

Fortinet is the Only Company to Converge Network Security and the LAN Edge Fortinet is the Only Company to Converge Network Security and the LAN Edge

GlobeNewsWire - 3 months ago

Top Tier Academic Institutions Join Forces with Fortinet to Prepare Students for a Career in Cybersecurity Top Tier Academic Institutions Join Forces with Fortinet to Prepare Students for a Ca...

The Motley Fool - 3 months ago

Another strong quarter of sales growth was complemented by even better profitability.

The Motley Fool - 3 months ago

A sharp pullback following a strong earnings report looks like an opportunity to go long.

Benzinga - 3 months ago

Malicious actors have attempted to undermine the U.S. democracy in the past, and as the final votes are cast in the presidential election Tuesday, cyber threats in the form of disruption and m...

Other stocks mentioned: CYBR, PANW, QLYS, RDWR, SPLK
The Motley Fool - 3 months ago

The cybersecurity veteran delivered a strong third-quarter report and impressive guidance for the next quarter, but the stock still got a haircut on a brutal day for tech stocks overall.

Zacks Investment Research - 3 months ago

Fortinet's (FTNT) third-quarter 2020 results reflect gains from solid growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Seeking Alpha - 3 months ago

Fortinet, Inc. (FTNT) CEO Ken Xie on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Fortinet (FTNT) delivered earnings and revenue surprises of 12.82% and 1.92%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Investors Business Daily - 3 months ago

Fortinet topped Q3 earnings and revenue estimates, while also guiding higher for Q4. The cybersecurity stock rose.

About FTNT

Fortinet provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless ne... [Read more...]

Industry
Software-Infrastructure
IPO Date
Nov 18, 2009
CEO
Ken Xie
Country
United States
Stock Exchange
NASDAQ
Ticker Symbol
FTNT
Full Company Profile

Financial Performance

In 2020, Fortinet's revenue was $2.59 billion, an increase of 19.94% compared to the previous year's $2.16 billion. Earnings were $488.50 million, an increase of 47.27%.

Financial Statements

Analyst Forecasts

According to 30 analysts, the average rating for Fortinet stock is "Buy." The 12-month stock price forecast is 168.29, which is an increase of 0.04% from the latest price.

Price Target
$168.29
(0.04% upside)
Analyst Consensus: Buy