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Fortinet, Inc. (FTNT)

Stock Price: $274.21 USD 2.52 (0.93%)
Updated Jul 29, 2021 4:00 PM EDT - Market closed
After-hours: $267.50 -6.71 (-2.45%) Jul 29, 7:59 PM
Market Cap 44.64B
Revenue (ttm) 2.72B
Net Income (ttm) 489.40M
Shares Out 163.00M
EPS (ttm) 2.96
PE Ratio 92.76
Forward PE 74.07
Dividend n/a
Dividend Yield n/a
Trading Day July 29
Last Price $274.21
Previous Close $271.69
Change ($) 2.52
Change (%) 0.93%
Day's Open 272.28
Day's Range 272.17 - 276.70
Day's Volume 864,890
52-Week Range 106.75 - 277.00

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Fortinet (FTNT) delivered earnings and revenue surprises of 10.47% and 8.00%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

10 hours ago - Zacks Investment Research

Second Quarter 2021 Highlights

13 hours ago - GlobeNewsWire

FortiTrust Introduces New User-based Security Services Across All Form Factors – Endpoints, Networks and the Cloud FortiTrust Introduces New User-based Security Services Across All Form Factors – Endpoi...

20 hours ago - GlobeNewsWire

FortiGate 3500F Offers Unparalleled Performance with Highest Security Compute Rating of 6x Performance Over the Industry Average and Protection Against the Growing Threat Landscape FortiGate 3500F Offer...

20 hours ago - GlobeNewsWire

We have narrowed down our search to five large-cap stocks that are slated to release earnings results today after the closing bell. These are: FTNF, DECK, MHK, GLPI and WELL.

Other stocks mentioned: DECK, GLPI, MHK, WELL
21 hours ago - Zacks Investment Research

Fortinet (FTNT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 day ago - Zacks Investment Research

PTC's Q3 performance is likely to have benefited from the continued momentum in bookings as well as a strong demand for PLM solutions.

Other stocks mentioned: AMD, AVT, PTC
3 days ago - Zacks Investment Research

Fortinet's (FTNT) Q2 results are likely to reflect increased demand for IT security and gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

3 days ago - Zacks Investment Research

Fortinet (FTNT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

1 week ago - Zacks Investment Research

Fortinet (FTNT) closed at $264.65 in the latest trading session, marking a +0.31% move from the prior day.

1 week ago - Zacks Investment Research

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.

1 week ago - Zacks Investment Research

Is (FTNT) Outperforming Other Computer and Technology Stocks This Year?

1 week ago - Zacks Investment Research

Does Fortinet (FTNT) have what it takes to be a top stock pick for momentum investors? Let's find out.

1 week ago - Zacks Investment Research

SUNNYVALE, Calif., July 20, 2021 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet “We're proud to be named a Google Cloud Technology Partner of the Year for Security. This award re...

1 week ago - GlobeNewsWire

Mizuho analyst Gregg Moskowitz raised the price target on Datadog Inc (NASDAQ: DDOG) to $115 from $96, implying an 11.13% upside, and maintained a Buy rating. He raised the price target on Fortinet Inc ...

Other stocks mentioned: DDOG, NOW, RPD
1 week ago - Benzinga

The escalating war over digital security makes these three stocks essential buys.

Other stocks mentioned: CHKP, NET
2 weeks ago - The Motley Fool

SUNNYVALE, Calif. , July 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...

3 weeks ago - GlobeNewsWire

Within the last quarter, Fortinet (NASDAQ:FTNT) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 1 1 Somewhat Bullish 0 0 3 1 Indifferent 0 0 3 ...

1 month ago - Benzinga

Final Trades: Fortinet, Live Nation, XPO Logistics & more

YouTube video

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

Other stocks mentioned: LYV, XPO, ARKK
1 month ago - CNBC Television

Don't let premium valuation and all-time highs make you shy away from these three security businesses.

Other stocks mentioned: NET, NVDA
1 month ago - The Motley Fool

As of Friday, GuruFocus' “High Quality, Low CapEx” model portfolio has returned approximately 15.69% in the year to date, outperforming the Standard & Poor's 500 index benchmark's return of approximatel...

Other stocks mentioned: GOOG, GOOGL, NVDA, ODFL, TECH
1 month ago - GuruFocus

There are plenty of picks from the cybersecurity business, but only some have found the key to unlock a successful stock.

Other stocks mentioned: CRWD, PANW
1 month ago - The Motley Fool

Our theme of Cyber Security Stocks remains down by about 1% year-to-date, significantly underperforming the S&P 500 which has gained about 13% over the same period. However, the theme has picked up a bi...

Other stocks mentioned: CRWD, PANW, ZS
1 month ago - Forbes

Fortinet's List of Global SPs and MSSPs Expands with CommandLink, DNA, Syringa Networks and TIM to Deliver Enhanced SD-WAN Offerings Fortinet's List of Global SPs and MSSPs Expands with CommandLink, DNA...

1 month ago - GlobeNewsWire

When it comes to cyberattacks, we're sitting ducks. Plus, with more attacks likely, here are some of the top stocks and ETFs to watch.

Other stocks mentioned: BUG, IHAK, PANW
1 month ago - InvestorPlace

Introducing FortiMonitor and FortiAIOps Into Fortinet Fabric Management Center Introducing FortiMonitor and FortiAIOps Into Fortinet Fabric Management Center

1 month ago - GlobeNewsWire

Rising data breaches, along with pandemic-induced accelerated digital transformation and cloud migrations, to likely spur demand for security-related purchases by both governments and corporates.

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

This cybersecurity company is preparing for a breakout 2021.

Other stocks mentioned: CHKP
1 month ago - The Motley Fool

Cyberattacks constantly hinder daily business operations. Palo Alto Networks (PANW), Fortinet (FTNT), F5 Networks (FFIV), ServiceNow (NOW) and Zscaler (ZS) are a few cybersecurity stocks to watch out for.

Other stocks mentioned: FFIV, NOW, PANW, ZS
1 month ago - Zacks Investment Research

Here's a primer on this cybersecurity company and why you might want to put it on your radar.

1 month ago - The Motley Fool

There's no stopping this fast-growing company thanks to its terrific end-market opportunity.

2 months ago - The Motley Fool

With this Integration Joint Customers Reap the Benefit of End-to-End Security and Superior User Experience Throughout Enterprises' Cloud On-ramp and Cloud Journey

2 months ago - GlobeNewsWire

New Managed Services Use Fortinet Secure SD-WAN to Provide Improved Connectivity, Reduced Complexity and Low Costs to Global Customers New Managed Services Use Fortinet Secure SD-WAN to Provide Improved...

2 months ago - GlobeNewsWire

Most of the cybersecurity firms came up with stronger-than-expected earnings, outpacing the Zacks Consensus Estimate for both earnings and revenues.

Other stocks mentioned: BUG, CHKP, CIBR, CYBR, FEYE, HACK, IHAK ...
2 months ago - Zacks Investment Research

Final Trades: Fortinet, SL Green Realty, Porsche & more

YouTube video

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

Other stocks mentioned: SLG, POAHY
2 months ago - CNBC Television

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...

2 months 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 ...

2 months ago - GlobeNewsWire

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

Other stocks mentioned: QLYS, ZS
2 months ago - Zacks Investment Research

Add to Fortinet? #AskHalftime

YouTube video

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

2 months ago - CNBC Television

Working for financial success comes down to making smart decisions.

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

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

2 months 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 months 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 months 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?

3 months 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...

3 months ago - Benzinga

First Quarter 2021 Highlights

3 months 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...

3 months 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.

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

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 228.00, which is a decrease of -16.85% from the latest price.

Price Target
$228.00
(-16.85% downside)
Analyst Consensus: Buy