Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
58.48
+0.35 (0.60%)
Jul 19, 2024, 4:00 PM EDT - Market closed
0.60%
Market Cap 44.68B
Revenue (ttm) 5.40B
Net Income (ttm) 1.20B
Shares Out 763.94M
EPS (ttm) 1.54
PE Ratio 37.97
Forward PE 32.27
Dividend n/a
Ex-Dividend Date n/a
Volume 8,202,436
Open 58.11
Previous Close 58.13
Day's Range 57.58 - 58.79
52-Week Range 44.12 - 79.14
Beta 0.98
Analysts Hold
Price Target 69.39 (+18.66%)
Earnings Date Aug 6, 2024

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]

Sector Technology
IPO Date Nov 18, 2009
Employees 13,568
Stock Exchange NASDAQ
Ticker Symbol FTNT
Full Company Profile

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 Statements

Analyst Forecast

According to 32 analysts, the average rating for FTNT stock is "Hold." The 12-month stock price forecast is $69.39, which is an increase of 18.66% from the latest price.

Price Target
$69.39
(18.66% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Palo Alto, Sentinel, CyberArk And Fortinet Rally In Pre-Market: What's Driving Gains In Cybersecurity Space?

CrowdStrike Holdings, Inc.'s CRWD pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday.

Other symbols: CYBRPANW
1 day ago - Benzinga

Calls of the Day: CrowdStrike, First Trust Nasdaq Cybersec, and Fortinet

The Investment Committee discuss the latest Calls of The Day.

Other symbols: CRWDCIBR
2 days ago - CNBC Television

This Gap Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...

Other symbols: ELFTOSTVFC
2 days ago - Benzinga

2 of the Best Undervalued Stocks to Buy in a Top-Performing Sector

#Morningstar, #TechStocks, #StockInvesting These overlooked stocks in a hot sector may not fly under the radar for much longer. 00:00 Introduction 00:28 Fortinet FTNT 01:12 STMicroelectronics STM Susa...

Other symbols: STM
4 days ago - Morningstar

Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE

Fortinet continues to deliver strategic innovations in Unified SASE with accelerated global customer adoption Fortinet continues to deliver strategic innovations in Unified SASE with accelerated globa...

11 days ago - GlobeNewsWire

Fortinet Federal President Steve Hoffman Named to AFCEA International Executive Committee

RESTON, Va.--(BUSINESS WIRE)--Fortinet Federal, announced its president, Steve Hoffman, was named to the AFCEA International Executive Committee on Monday.

25 days ago - Business Wire

These Stocks Could Benefit From the CDK Cyberattack

The firm says on its website that its software is used by nearly 15,000 car dealers

Other symbols: CRWDPANWSZS
4 weeks ago - Barrons

Fortinet Report: Threat Actors Are Increasingly Targeting OT Organizations

Nearly one-third (31%) of OT organizations reported more than six intrusions in the last year, up from 11% the year before Nearly one-third (31%) of OT organizations reported more than six intrusions ...

4 weeks ago - GlobeNewsWire

Ingram Micro is the First U.S. Distributor to Achieve Fortinet's Engaged Preferred Services Partner (EPSP) Designation

IRVINE, Calif.--(BUSINESS WIRE)-- #ChannelPartners--Ingram Micro is the first technology distributor in the US to be named an Engaged Preferred Services Partner within Fortinet's Engage Partner Progra...

4 weeks ago - Business Wire

Fortinet to Acquire Lacework, Enhancing the Industry's Most Comprehensive Cybersecurity Platform

Adds AI-Powered Cloud-Native Application Protection Platform (CNAPP) to the Fortinet Security Fabric, Accelerates Fortinet's Unified SASE Expansion Adds AI-Powered Cloud-Native Application Protection ...

5 weeks ago - GlobeNewsWire

FC Barcelona Selects Fortinet as its Official Cybersecurity Partner for the Future Spotify Camp Nou

The global cybersecurity leader has become the future stadium's new partner for the next three seasons, until 30 June 2028 The global cybersecurity leader has become the future stadium's new partner f...

2 months ago - GlobeNewsWire

Cybersecurity stocks on a big run

The Investment Committee discusses some high-flying cybersecurity stocks and how you should trade them.

Other symbols: CRWDPANW
2 months ago - CNBC Television

DGR Systems Achieves Top Fortinet Service Program Designation - EPSP

TAMPA, Fla. , May 15, 2024 /PRNewswire/ -- DGR Systems (DGR), a next generation technology solutions integrator, announced today they have been named a Fortinet Engage Preferred Services Partner (EPSP...

2 months ago - PRNewsWire

Fortinet Reaffirms Its Commitment to Secure Product Development Processes and Responsible Vulnerability Disclosure Policies

As one of the first cybersecurity vendors to sign CISA's Secure by Design pledge, Fortinet furthers its dedication to a culture of responsible radical transparency with the safety of customers top of ...

2 months ago - GlobeNewsWire

Trade Tracker: Stephanie Link buys more Fortinet

Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to discuss why she's buying more Fortinet.

2 months ago - CNBC Television

Fortinet Threat Research Finds Cybercriminals Are Exploiting New Industry Vulnerabilities 43% Faster than 1H 2023

FortiGuard Labs' 2H 2023 Global Threat Landscape Report highlights the need for vendors to adhere to vulnerability disclosure best practices and for organizations to improve cyber hygiene and patch ma...

2 months ago - GlobeNewsWire

Cybersecurity Firm Fortinet's Billings Drag Stock Despite Revenue and Earnings Beat

Fortinet (FTNT) shares tumbled as the cybersecurity firm's billings and product revenue declined, outweighing higher-than-forecast results for the first quarter.

2 months ago - Investopedia

Cloudflare, Block, Fortinet, Palo Alto, and Other Tech Stocks in Focus Today

Tech stocks looked set to continue their momentum Friday. A boost for Apple's shares was helping.

Other symbols: NETPANWSQ
2 months ago - Barrons

Fortinet's stock falls 9% after cybersecurity company's quarterly billings drop

Shares of Fortinet Inc. fell 9% in the extended session Thursday after the cybersecurity company reported a better-than-expected first quarter and guidance that went beyond Wall Street forecasts, but ...

2 months ago - Market Watch

Fortinet projects quarterly billings below estimates as competition heats up

Fortinet forecast second-quarter billings below Wall Street estimates on Thursday, hurt by muted enterprise spending and stiff competition from companies that act as one-stop shops for cybersecurity t...

2 months ago - Reuters

Fortinet Reports First Quarter 2024 Financial Results

First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28...

2 months ago - GlobeNewsWire

Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge

Fortinet Recognized in Eight Gartner® Magic Quadrant™ Reports, Based on the Fortinet Security Fabric Platform SUNNYVALE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Offic...

3 months ago - GlobeNewsWire

Fortinet Releases its 2023 Sustainability Report

Report provides a comprehensive overview of Fortinet's sustainability progress and initiatives from the past year Report provides a comprehensive overview of Fortinet's sustainability progress and ini...

3 months ago - GlobeNewsWire

Fortinet Wins Two Google Cloud Technology Partner of the Year Awards for Security

SUNNYVALE, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud

3 months ago - GlobeNewsWire

Fortinet Introduces Expansive Upgrades to its Real-Time Network Security Operating System to Empower Enterprises to Fortify Their Networks

The latest version of FortiOS, the only operating system that seamlessly converges networking and security, and Security Fabric updates deliver new generative AI, data protection, managed services, an...

3 months ago - GlobeNewsWire