Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
52.90
-1.18 (-2.18%)
Aug 16, 2022 2:35 PM EDT - Market open
-2.18%
Market Cap 41.71B
Revenue (ttm) 3.82B
Net Income (ttm) 674.00M
Shares Out 788.52M
EPS (ttm) 0.84
PE Ratio 62.98
Forward PE 51.28
Dividend n/a
Ex-Dividend Date n/a
Volume 2,928,135
Open 53.84
Previous Close 54.08
Day's Range 52.32 - 54.27
52-Week Range 48.73 - 74.35
Beta 1.14
Analysts Buy
Price Target 73.24 (+38.4%)
Earnings Date Aug 3, 2022

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
IPO Date Nov 18, 2009
CEO Ken Xie
Employees 11,508
Stock Exchange NASDAQ
Ticker Symbol FTNT
Full Company Profile

Financial Performance

In 2021, Fortinet's revenue was $3.34 billion, an increase of 28.82% compared to the previous year's $2.59 billion. Earnings were $606.80 million, an increase of 24.22%.

Financial Statements

Analyst Forecast

According to 34 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is 73.24, which is an increase of 38.45% from the latest price.

Price Target
$73.24
(38.45% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Fortinet is the Fastest Growing ZTNA Vendor, Customers Highlight the Benefits of Fortinet Universal ZTNA

According to the Gartner® Market Share report, Fortinet is ranked amongst the first five ZTNA vendors with the fastest growing revenue quarter-over-quarter and year-over-year According to the Gartner® M...

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Should You Buy Fortinet After Its Recent Stock Split?

Fortinet is a leader in defending against growing cybersecurity threats.

Can Fortinet Stock Recover From Post-Earnings Slide?

Fortinet Inc. stock (NASDAQ: FTNT) is down 11% in the past week (five trading days), performing much worse than the S&P 500 which was up 0.5% over this period.

Here is What to Know Beyond Why Fortinet, Inc. (FTNT) is a Trending Stock

Fortinet (FTNT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

7 Growth Stocks Looking Attractive Following a Correction

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Why Fortinet (FTNT) is a Top Growth Stock for the Long-Term

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August dips will be buying opportunities, says SoFi's Liz Young

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Cybersecurity Stock Sell-off Holding Back Nasdaq, but 1 Tech Stock Is Surging

Fortinet's weak guidance causes sell-off among cybersecurity stocks, while MercadoLibre shares are rocketing higher after stellar quarterly results.

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Fortinet's (FTNT) Q2 Earnings Top Estimates, Revenues Match

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

Why Fortinet Stock Stock Is Falling Hard Today

Despite strong quarterly results delivered after the bell Wednesday, investors latched onto management's slightly disappointing revenue guidance.

Fortinet stock on track for worst day in nearly 7 years

Fortinet Inc. FTNT, -15.91% shares were on track for their worst day in nearly seven years Thursday after the cybersecurity company reported a slight beat on earnings and an unimpressive outlook. Fortin...

Fortinet Stock Slumps on Cut to Service Revenue Guidance

The software company lowers its fiscal-year forecast for service revenue to $2.62 billion to $2.67 billion, down from previous expectations of $2.64 billion to $2.7 billion.

Fortinet (FTNT) Tops Q2 Earnings and Revenue Estimates

Fortinet (FTNT) delivered earnings and revenue surprises of 9.09% and 0.43%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Fortinet stock falls following split outlook

Fortinet Inc. FTNT, +4.16% shares fell in the extended session Wednesday after some of the cybersecurity company's outlook slipped below the Wall Street consensus following a slight beat. Fortinet share...

Fortinet Stock Falls On Weaker-Than-Expected Revenue Outlook

Fortinet reported second-quarter earnings, revenue and billings that topped estimates but revenue guidance came in below expectations. The post Fortinet Stock Falls On Weaker-Than-Expected Revenue Outlo...

Fortinet Reports Second Quarter 2022 Financial Results

Second Quarter 2022 Highlights

Fortinet Introduces the World's Fastest Compact Firewall for Hyperscale Data Centers and 5G Networks

New FortiGate 4800F series of hyperscale firewalls enables enterprises and MNOs to concurrently run more applications while reducing their physical footprint and more effectively securing their networks...

Looking for a Growth Stock? 3 Reasons Why Fortinet (FTNT) is a Solid Choice

Fortinet (FTNT) possesses solid growth attributes, which could help it handily outperform the market.

Comcast Business Partners with Fortinet to Secure Enterprise Application Access with New SASE and SSE Solutions

PHILADELPHIA--(BUSINESS WIRE)--Comcast Business today announced a strategic partnership with Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, to deli...

7 Cybersecurity Stocks to Buy on the Dip

Cybersecurity stocks to buy on the dip is our topic for today. Shares of most cybersecurity firms outperformed the broader market early in 2022 following the Russian invasion of Ukraine yet failed to ho...

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Is Trending Stock Fortinet, Inc. (FTNT) a Buy Now?

Recently, Zacks.com users have been paying close attention to Fortinet (FTNT). This makes it worthwhile to examine what the stock has in store.

Fortinet Empowers Teams to Proactively Manage Cloud Risk with New Cloud-native Protection Offering, Available Now on AWS

FortiCNP simplifies cloud security, accelerates risk management, and delivers near-real-time threat protection with zero-permission malware detection capabilities FortiCNP simplifies cloud security, acc...

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