Fortinet, Inc. (FTNT)
| Market Cap | 63.06B |
| Revenue (ttm) | 5.54B |
| Net Income (ttm) | 1.31B |
| Shares Out | 764.91M |
| EPS (ttm) | 1.69 |
| PE Ratio | 48.76 |
| Forward PE | 39.48 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,039,879 |
| Open | 81.38 |
| Previous Close | 82.05 |
| Day's Range | 81.20 - 82.97 |
| 52-Week Range | 44.12 - 83.77 |
| Beta | 1.00 |
| Analysts | Hold |
| Price Target | 71.96 (-12.71%) |
| Earnings Date | Nov 7, 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]
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 33 analysts, the average rating for FTNT stock is "Hold." The 12-month stock price forecast is $71.96, which is a decrease of -12.71% from the latest price.
News
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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...
Fortinet Honored as Winner of the 2024 SC Awards for Best Professional Certification Program
SUNNYVALE, Calif., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been named a ...
Fortinet: A Strategic Investment Opportunity In The Cybersecurity Sector
Fortinet's second quarter 2024 earnings showed reaccelerating revenue growth and significant margin expansion, leading to a 25% stock price increase. The company's strategy of combining traditional ne...
Fortinet: Maintaining A Buy Despite Near Term Headwinds
I maintain my buy rating on Fortinet after I called the bottom before 2Q24 earnings. I believe that when the refresh cycle comes around in 2025 and firewall growth recovery takes off, Fortinet will be...
Big Money Locking Up Fortinet Shares
Shares of cybersecurity company Fortinet, Inc. (FTNT) are drawing huge investor interest after showing recent revenue and earnings strength.
Fortinet confirms customer data breach
On Thursday, cybersecurity giant Fortinet disclosed a breach involving customer data.
Fortinet Opens New Company-Owned Innovation Hub in Chicago, Deepening its Global Reach and Commitment to Elevating Enterprise Customer Experiences Worldwide
Latest Fortinet-owned facility will include an R&D Center, Fortinet Cloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to Drive Innovation, Collaboration, and Gr...
Fortinet: Margins On Steroids (Rating Upgrade)
Fortinet's Q2 report showed a significant boost in margins due to improved operational efficiency and stabilizing demand for its hardware products. Despite a persistent billings slowdown, the product ...
Fortinet Flashes Golden Cross: Is This Cybersecurity Stock Ready For More Gains?
Cybersecurity stock Fortinet Inc. FTNT has been on a bullish tear, with the stock up 31.48% year-to-date, 29.42% over the past year, and an impressive 32.37% in the last month alone. The cybersecurity...
Top 3 Tech Stocks That May Plunge In August
As of Aug 16, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The Big 3: NKE, SHOP & FTNT
The trio of stocks appeared to be on a downslope in recent months, until catalysts brought investors back. Nicole Petallides welcomes ProsperTradingAcademy's Scott Bauer and Ben Lichtenstein for a clo...
Fortinet: A Cybersecurity Giant Positioned For Long-Term Growth
Fortinet's share price surged ~25% post 2Q24 earnings beat with revenue at $1.43 billion and EPS at $0.57, achieving record margins. Fortinet's market leadership, strong financials, and promising indi...
Fortinet: Smooth Execution Of The Business
Fortinet continues to execute the thesis we outlined at the end of 2023 and still has many growth levers and market potential. The second quarter has been very strong, achieving record margins, making...
S&P 500 Gains and Losses Today: Fortinet Stock Surges on Earnings Beat
Major U.S. equities indexes reversed early gains to close lower on Wednesday, as Tuesday's stock market rebound failed to maintain its momentum. The S&P 500 slipped 0.8%, while the Nasdaq dropped 1.1%...
Fortinet Stock Jumps 25% After Strong Earnings, Leading S&P 500 Gainers
Fortinet (FTNT) shares took off Wednesday after the cybersecurity firm released a strong set of financial results, posting its highest-ever quarterly operating margin while topping sales and profit fo...
Fortinet Earnings: Solid As A Firewall, 20x Operating Profits (Rating Upgrade)
Fortinet, Inc. delivered strong results with better growth rates and profitability, leading to a 15% premarket jump and a revised buy rating. Fortinet's near-term prospects include record operating ma...