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Fortinet, Inc. (FTNT)

Stock Price: $206.56 USD 2.22 (1.09%)
Updated May 18, 2021 12:46 PM EDT - Market open
Market Cap 33.37B
Revenue (ttm) 2.72B
Net Income (ttm) 489.40M
Shares Out 163.00M
EPS (ttm) 2.96
PE Ratio 69.88
Forward PE 54.95
Dividend n/a
Dividend Yield n/a
Trading Day May 18
Last Price $206.56
Previous Close $204.34
Change ($) 2.22
Change (%) 1.09%
Day's Open 204.24
Day's Range 203.92 - 207.76
Day's Volume 347,792
52-Week Range 106.75 - 212.67

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Fortinet Federal Teams with Carahsoft to Provide Fortinet Security Fabric Solutions to Federal Government Fortinet Federal Teams with Carahsoft to Provide Fortinet Security Fabric Solutions to Federal G...

3 hours ago - GlobeNewsWire

Alberta Urban Municipalities Association (AUMA), Millard Public Schools and More Rely on Fortinet's Endpoint Security to Protect Against Threats Alberta Urban Municipalities Association (AUMA), Millard ...

1 day ago - GlobeNewsWire

Massive cyberattacks make companies providing cyber security solutions the frontrunners in this increasingly digital world.

Other stocks mentioned: QLYS, ZS
1 week ago - Zacks Investment Research

Add to Fortinet? #AskHalftime

YouTube video

The "Halftime Report" traders answer viewer questions in #AskHalftime.

1 week ago - CNBC Television

Working for financial success comes down to making smart decisions.

Other stocks mentioned: FEYE, SPLK
2 weeks ago - Forbes

This tech stock's longtime winning streak is still going strong.

2 weeks ago - The Motley Fool

Fortinet (FTNT) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in t...

2 weeks ago - Zacks Investment Research

Fortinet's (FTNT) first-quarter 2021 results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

2 weeks ago - Zacks Investment Research

Fortinet (FTNT) delivered earnings and revenue surprises of 9.46% and 4.62%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 weeks ago - Zacks Investment Research

Shares of Fortinet (NASDAQ:FTNT) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 35.00% over the past year to $0.81, which beat the estim...

2 weeks ago - Benzinga

First Quarter 2021 Highlights

2 weeks ago - GlobeNewsWire

The Fortinet Security Fabric Protects 5G Ecosystems, Integrates SASE and Provides Zero Trust Access with the New FortiGate 7121F and Wireless WAN Connectivity with FortiExtender 511F-5G The Fortinet Sec...

2 weeks ago - GlobeNewsWire

Fortinet's (FTNT) Q1 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.

2 weeks ago - Zacks Investment Research

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.

3 weeks ago - Zacks Investment Research

These cybersecurity stocks are leading towards a new era of risk and security management in tackling a variety of cyber threat actors The post 7 Cybersecurity Stocks to Buy for Years of Growth appeared ...

Other stocks mentioned: CRWD, CSCO, DOCU, OKTA, PANW, ZS
4 weeks ago - InvestorPlace

SUNNYVALE, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call...

1 month ago - GlobeNewsWire

What stocks look promising in cyber-security? #AskHalftime

YouTube video

The "Halftime Report" traders answer viewer questions in #AskHalftime.

1 month ago - CNBC Television

“Cyber Safe: A Dog's Guide to Internet Security” Available Globally to Make the Internet a Safer Place for All Children “Cyber Safe: A Dog's Guide to Internet Security” Available Globally to Make the In...

1 month ago - GlobeNewsWire

Fortinet's (FTNT) partnership with Linksys will enable customer organizations to provide agile and secure connectivity for their remote employees, taking advantage of the Fortinet Security Fabric.

1 month ago - Zacks Investment Research

Cybersecurity is evolving as the world goes remote.

1 month ago - The Motley Fool

These cybersecurity stocks have strength for the present and future of this digital space we are living in today. The post 3 Cybersecurity Stocks That Can Help Prevent the Next Big Hack appeared first o...

Other stocks mentioned: CACI, CRWD
1 month ago - InvestorPlace

Fortinet Invests $75M in Linksys to Support Alliance to Offer Organizations Fast, Reliable, Secure, and Simple to Manage Remote Connectivity Fortinet Invests $75M in Linksys to Support Alliance to Offer...

1 month ago - GlobeNewsWire

Fortinet's (FTNT) strong long-term revenue and billings outlook reflects benefits from increased demand for cybersecurity solutions and the growing adoption of SD-WAN solutions.

2 months ago - Zacks Investment Research

Fortinet stock gained as analysts mulled its financial outlook through 2023. Revenue and billings growth is expected to get a boost from the cybersecurity firm's push into SD-WAN technology.

2 months ago - Investors Business Daily

With AT&T's (T) Secure Access Service Edge solution, enterprises can now leverage the capabilities of their network and security for business growth.

Other stocks mentioned: T
2 months ago - Zacks Investment Research

Engage 2.0 Partner Program Introduces New Consumption Models, Specializations and Updates for Cloud Partners to Help Create More Profitability Pathways Engage 2.0 Partner Program Introduces New Consumpt...

2 months ago - GlobeNewsWire

While tech stocks continue to make up a fair share of the IBD 50 despite recent weakness, several cyclical plays are now among the top stocks to watch. The post Are Cyclical Stocks The New Market Leader...

Other stocks mentioned: APPS
2 months ago - Investors Business Daily

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

2 months ago - The Motley Fool

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.

2 months ago - Benzinga

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 principal amo...

2 months ago - GlobeNewsWire

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
3 months ago - Zacks Investment Research

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
3 months ago - 24/7 Wall Street

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 ...
3 months ago - Kiplinger

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

3 months ago - The Motley Fool

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

Other stocks mentioned: BIIB, KSS, PINS
3 months ago - 24/7 Wall Street

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

3 months ago - Zacks Investment Research

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?

3 months ago - Zacks Investment Research

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 the estim...

3 months ago - Benzinga

Fourth Quarter 2020 Highlights

3 months ago - GlobeNewsWire

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.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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

3 months ago - GlobeNewsWire

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 ...
3 months ago - 24/7 Wall Street

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

3 months ago - GlobeNewsWire

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

Other stocks mentioned: GOOG, GOOGL, TSM
4 months ago - The Motley Fool

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

4 months ago - Zacks Investment Research

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 ...
4 months ago - InvestorPlace

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

Other stocks mentioned: PING, RPD
4 months ago - 24/7 Wall Street

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 Future In...

4 months ago - GlobeNewsWire

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.

4 months ago - Zacks Investment Research

About FTNT

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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 acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end... [Read more...]

Industry
Software-Infrastructure
IPO Date
Nov 18, 2009
CEO
Ken Xie
Employees
8,615
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 216.54, which is an increase of 4.83% from the latest price.

Price Target
$216.54
(4.83% upside)
Analyst Consensus: Buy