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Fortinet, Inc. (FTNT)

NASDAQ: FTNT · IEX Real-Time Price · USD
315.30
+0.01 (0.00%)
After-hours:Oct 15, 2021 7:09 PM EDT
315.29
1.48 (0.47%)
At close: Oct 15, 4:00 PM
Market Cap51.49B
Revenue (ttm)2.91B
Net Income (ttm)514.80M
Shares Out163.30M
EPS (ttm)3.09
PE Ratio101.90
Forward PE69.93
Dividendn/a
Ex-Dividend Daten/a
Volume739,516
Open314.96
Previous Close313.81
Day's Range311.73 - 316.58
52-Week Range106.75 - 322.00
Beta1.14
AnalystsBuy
Price Target313.59 (-0.5%)
Est. Earnings DateOct 28, 2021

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...

IndustrySoftware
IPO DateNov 18, 2009
CEOKen Xie
Employees9,043
Stock ExchangeNASDAQ
Ticker SymbolFTNT
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 Forecast

According to 30 analysts, the average rating for Fortinet stock is "Buy." The 12-month stock price forecast is 313.59, which is a decrease of -0.54% from the latest price.

Price Target
$313.59
(-0.54% downside)
Analyst Consensus: Buy

News

Fortinet (FTNT) Gains But Lags Market: What You Should Know

In the latest trading session, Fortinet (FTNT) closed at $313.81, marking a +1.2% move from the previous day.

1 day ago - Zacks Investment Research

2 Stocks That Could Double Your Money, Again

These companies are taking advantage of fast-growing trends in technology.

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2 days ago - The Motley Fool

Final Trades: UnitedHealth, Fortinet, GM & more

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

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4 days ago - CNBC Television

Fortinet, Okta: With Cyberattacks on The Rise, Pick These Stocks

Our theme of Cyber Security Stocks is up by about 25% year-to-date, meaningfully outperforming the S&P 500 which was up by about 16% over the same period. There has been a renewed interest in cybersecur...

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1 week ago - Forbes

Fortinet price prediction: Wells Fargo sees a 27% upside

Fortinet Inc (NASDAQ: FTNT) has more than doubled in the stock market this year, but Wells Fargo says the rally is not over by a long stretch. On Tuesday, Wells Fargo's Andrew Nowinski assumed coverage ...

1 week ago - Invezz

Wells Fargo says buy Fortinet — Traders debate the call

The "Halftime Report" traders debate a bullish call on Fortinet.

1 week ago - CNBC Television

Public Sector Veteran James Stavridis, USN, (Ret), PhD Joins Fortinet Board of Directors

SUNNYVALE, Calif., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet “We are pleased to welcome Admiral Stavridis to our Board of Directors. Admiral Stavrid...

1 week ago - GlobeNewsWire

Fortinet to Announce Third Quarter 2021 Financial Results

SUNNYVALE, Calif., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, announced that it will hold a conference call ...

1 week ago - GlobeNewsWire

Two-Thirds of Organizations Have Been the Target of at Least One Ransomware Attack According to a Fortinet Ransomware...

85% Are More Concerned of a Ransomware Attack Than Other Cyber Threats 85% Are More Concerned of a Ransomware Attack Than Other Cyber Threats

2 weeks ago - GlobeNewsWire

Fortinet Continues its Secure SD-WAN Momentum with New Global Service Providers

Fortinet Expands List of Global SPs Using Secure SD-WAN to Include Comcast Business, Granite Telecommunications, C&W Business Panama, Acuative, Tata Teleservices and 1&1 Versatel Fortinet Expands List o...

2 weeks ago - GlobeNewsWire

Fortinet Again Named a Leader in the 2021 Gartner® Magic Quadrant™ for WAN Edge Infrastructure, Placed Highest in Abi...

Fortinet Secure SD-WAN Delivers Superior User Experience and Advanced Security to Enable Work from Anywhere Fortinet Secure SD-WAN Delivers Superior User Experience and Advanced Security to Enable Work ...

3 weeks ago - GlobeNewsWire

Stifel's Adam Borg sees a 19% upside in Fortinet stock

Fortinet Inc (NASDAQ: FTNT) stock has more than doubled this year already, but Stifel says “there's a lot of life left at this party”. Stifel assumes coverage of Fortinet with a buy rating On Tuesday, S...

3 weeks ago - Invezz

Why Fortinet Has More Upside, Even After 100% Rally YTD

Fortinet Inc.'s (NASDAQ:FTNT) strong execution is likely to continue in coming years, according to Stifel. The Fortinet Analyst: Adam Borg initiated coverage of Fortinet with a Buy rating and a target p...

3 weeks ago - Benzinga

Bullish calls on Fortinet and GE

The "Halftime Report" traders debate two big analyst calls of the day

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3 weeks ago - CNBC Television

Fortinet (FTNT) Gains But Lags Market: What You Should Know

Fortinet (FTNT) closed the most recent trading day at $301.53, moving +0.32% from the previous trading session.

1 month ago - Zacks Investment Research

Fortinet (FTNT) is a Top-Ranked Momentum Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

1 month ago - Zacks Investment Research

7 A-Rated Tech Stocks to Buy and Hold Now

Many tech stocks had a great run in the past 18 months but these tech stocks are well positioned to keep that run going for quite some time. The post 7 A-Rated Tech Stocks to Buy and Hold Now appeared f...

1 month ago - InvestorPlace

Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid...

“Linksys HomeWRK for Business | Secured by Fortinet” Allows Enterprises to Provide Employees with an Easy-to-Deploy At-home Solution to Establish Both Corporate and Personal Networks with Enterprise-gra...

1 month ago - GlobeNewsWire

Fortinet Pledges To Train 1 Million People to Help Close the Cybersecurity Skills Gap Following White House Summit

Fortinet's TAA Initiative and NSE Training Institute Provides Free Training and Resources to Further Develop Cybersecurity Talent Globally Fortinet's TAA Initiative and NSE Training Institute Provides F...

1 month ago - GlobeNewsWire

This Tech Stock Has Doubled in 2021, and It Could Still Go Higher

Lucrative opportunities in the cybersecurity market should ensure sustained growth for this company.

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1 month ago - The Motley Fool

These Top Stocks Are Leading The S&P 500 To New Highs In 2021

Shares of vaccine-maker Moderna have skyrocketed more than 270% this year.

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1 month ago - Forbes

Why Wedbush's Ives says these cybersecurity stocks are winners

CNBC's "Squawk Box" team discusses cybersecurity stocks with Dan Ives of Wedbush Securities.

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1 month ago - CNBC Television

Biden's Latest Initiative Could Be Positive for the Cybersecurity Space

Here are some cybersecurity stocks worth considering.

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1 month ago - Zacks Investment Research

4 Stocks Insiders Are Selling

When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock.

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1 month ago - Benzinga

Fortinet and Dragos Expand Partnership to Further Secure OT Infrastructure

Fortinet's FortiGate and the Dragos Platform Integrate to Provide Joint Customers with Advanced Security and Simplified Deployment Across OT Organizations Fortinet's FortiGate and the Dragos Platform In...

1 month ago - GlobeNewsWire