Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
-0.54 (-0.92%)
At close: Sep 22, 2023, 4:00 PM
+0.18 (0.31%)
After-hours: Sep 22, 2023, 7:55 PM EDT
Market Cap 45.74B
Revenue (ttm) 4.99B
Net Income (ttm) 1.06B
Shares Out 785.34M
EPS (ttm) 1.32
PE Ratio 44.12
Forward PE 36.31
Dividend n/a
Ex-Dividend Date n/a
Volume 3,458,521
Open 58.75
Previous Close 58.78
Day's Range 58.11 - 59.10
52-Week Range 42.61 - 81.24
Beta 1.16
Analysts Buy
Price Target 74.32 (+27.61%)
Earnings Date Nov 1, 2023

About FTNT

Fortinet, Inc. provides cybersecurity and networking 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 acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking sol... [Read more]

Sector Technology
IPO Date Nov 18, 2009
Employees 12,595
Stock Exchange NASDAQ
Ticker Symbol FTNT
Full Company Profile

Financial Performance

In 2022, Fortinet's revenue was $4.42 billion, an increase of 32.17% compared to the previous year's $3.34 billion. Earnings were $857.30 million, an increase of 41.28%.

Financial Statements

Analyst Forecast

According to 30 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $74.32, which is an increase of 27.61% from the latest price.

Price Target
(27.61% upside)
Analyst Consensus: Buy
Stock Forecasts


Fortinet and Wiz Team Up to Protect Enterprise Cloud Workload Environments

Technology alliance partnership between industry leaders aims to deliver cloud-native security protections for joint customers Technology alliance partnership between industry leaders aims to deliver ...

12 days ago - GlobeNewsWire

3 Stocks to Protect Your Portfolio in the Digital Age

The cybersecurity industry has emerged as a critical pillar in the modern business landscape, addressing the ever-growing need to safeguard digital assets and data. Over the years, this need has escal...

Other symbols: CRWDPANW
12 days ago - MarketBeat

Fortinet Recommends Stockholders Reject TRC Capital Investment Corporation's “Mini-Tender” Offer

SUNNYVALE, Calif., Aug. 31, 2023 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has b...

23 days ago - GlobeNewsWire

5 Monopoly Stocks At the Top of Their Game

The best monopoly stocks dominate their respective industries and create solid long-term opportunities for investors.

24 days ago - Kiplinger

Fortinet Wins Google Cloud Technology Partner of the Year Award for Security – Identity & Endpoint Protection

SUNNYVALE, Calif., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud

25 days ago - GlobeNewsWire

Fortinet Expands its SASE Solution to Bring Cloud-Delivered Enterprise-Grade Protection to Microbranches

FortiSASE integration with Fortinet WLAN portfolio enables more options to securely connect remote workers and distributed edges; Digital experience monitoring innovations ensure optimal user experien...

26 days ago - GlobeNewsWire

Fortinet Named a Challenger in the 2023 Gartner® Magic Quadrant™ for Single-Vendor SASE

Fortinet delivers unified management using a single console while delivering seamless integration of SD-WAN and cloud-delivered AI-powered security to secure the hybrid workforce Fortinet delivers uni...

4 weeks ago - GlobeNewsWire

Is Fortinet a Good Opportunity After Sell-Off?

Fortinet Inc. ( FTNT , Financial) is a cybersecurity company that was rated as a leader in enterprise firewalls by both Forrester and Gartner. The company has been growing at a rapid pace over the pas...

5 weeks ago - GuruFocus

Fortinet Named a Leader in the 2023 Zero Trust Edge Solutions Report by Independent Research Firm

Fortinet solution includes a unified end-user agent that provides both endpoint security and Zero Trust Edge innovations Fortinet solution includes a unified end-user agent that provides both endpoint...

5 weeks ago - GlobeNewsWire

Final Trades: Fortinet & Marriot

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: MARPYPL
5 weeks ago - CNBC Television

Business Communications, Inc. (BCI) Achieves Fortinet's Engage Preferred Services Partner Designation

RIDGELAND, Miss.--(BUSINESS WIRE)--Business Communications, Inc (BCI), a leading managed network and security solutions provider based in Ridgeland, Mississippi, today announced that it is the second ...

6 weeks ago - Business Wire

Why Fortinet's record selloff was overdone and Cloudflare's stock got ‘way ahead of itself'

Cybersecurity stocks underperformed the broader market Monday as analysts continued to update outlooks of the volatile sector, resulting in one firm's simultaneous upgrade of Fortinet Inc. and downgra...

Other symbols: NET
6 weeks ago - Market Watch

Buy Fortinet stock following the recent sell-off: Guggenheim recommends

Investors should consider capitalising on the recent sell-off in Fortinet Inc (NASDAQ: FTNT), says Raymond McDonough – a Guggenheim analyst. Fortinet stock could climb back to $70 McDonough upgraded t...

6 weeks ago - Invezz

These 20 companies are big winners this earnings season. What do analysts think about their stocks?

Quarterly earnings reports are continuing to roll in for the S&P 500 — but earnings season never really ends, because about 20% of companies in the benchmark index have fiscal quarters that don't matc...

6 weeks ago - Market Watch

FortiGuard Labs: Organizations Detecting Ransomware Decline as the Volume and Impact of Targeted Attacks Continue to Rise

Top-ranked vulnerabilities are 327x more likely to be attacked within one week of being published compared to all other Common Vulnerabilities and Exposures Top-ranked vulnerabilities are 327x more li...

6 weeks ago - GlobeNewsWire

Fortinet Stock Has Plunged. Why This Analyst Says That's an Opportunity.

Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.

6 weeks ago - Barrons

Fortinet's stock sent to the ‘penalty box,' while Cloudflare appears to have exited it

Fortinet Inc.'s warning of “macro uncertainties” was weighing on the cybersecurity sector Friday, though at least one industry name managed to buck the trend.

Other symbols: NET
7 weeks ago - Market Watch

Fortinet Stock Plunges on Macro Warning. Palo Alto, CrowdStrike Also Down.

Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.

Other symbols: CRWDPANW
7 weeks ago - Barrons

Fortinet leads cybersecurity stocks sharply lower after warning of deal delays

Fortinet Inc. saw an “unusually large volume of deals” pushed out beyond the June quarter, its chief financial officer said Thursday, and that commentary was weighing on the broader cybersecurity sect...

7 weeks ago - Market Watch

Fortinet Reports Second Quarter 2023 Financial Results

Second Quarter 2023 Highlights Product revenue of $472.6 million, up 18% year over year Service revenue of $820.2 million, up 30% year over year Total revenue of $1.29 billion, up 26% year over year B...

7 weeks ago - GlobeNewsWire

Fortinet Announces New SD-WAN Services to Further Simplify Operations and Enhance Digital Experience

New Underlay and Overlay Services make SD-WAN deployments more seamless than ever before, even for resource-constrained organizations New Underlay and Overlay Services make SD-WAN deployments more sea...

7 weeks ago - GlobeNewsWire

Fortinet Expands Its Secure Networking Portfolio to Further Drive the Convergence of Networking and Security

Introducing new FortiGate 90G, accelerated by SP5 ASIC and FortiGuard AI-Powered Security Services Introducing new FortiGate 90G, accelerated by SP5 ASIC and FortiGuard AI-Powered Security Services

7 weeks ago - GlobeNewsWire

Fortinet Security Operations Solutions Use AI to Slash Time to Detect and Respond to Incidents from Three Weeks to One Hour

Report from Enterprise Strategy Group reveals that the integrated Fortinet SecOps Fabric automatically contains incidents in minutes or even seconds Report from Enterprise Strategy Group reveals that ...

7 weeks ago - GlobeNewsWire

Fortinet Joins International Telecommunication Union (ITU) to Advance Global Cybersecurity Skills Development

As a member of ITU's Telecommunication Development Sector, Fortinet will foster public-private partnerships and drive significant progress in its commitment to close the cybersecurity skills gap As a ...

7 weeks ago - GlobeNewsWire

Fortinet Recognized as the Sole Leader in the Westlands Advisory 2023 IT/OT Network Protection Platforms Navigator™

As one of the top and fastest growing OT security vendors, Fortinet is increasing market share with its integrated OT-Aware Security Fabric platform As one of the top and fastest growing OT security v...

2 months ago - GlobeNewsWire