Fortinet, Inc. (FTNT)
| Market Cap | 44.95B |
| Revenue (ttm) | 5.17B |
| Net Income (ttm) | 1.15B |
| Shares Out | 767.91M |
| EPS (ttm) | 1.44 |
| PE Ratio | 40.65 |
| Forward PE | 35.25 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,880,561 |
| Open | 59.30 |
| Previous Close | 59.40 |
| Day's Range | 58.27 - 59.39 |
| 52-Week Range | 44.12 - 81.24 |
| Beta | 1.06 |
| Analysts | Buy |
| Price Target | 66.39 (+13.43%) |
| Earnings Date | Feb 6, 2024 |
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]
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 StatementsAnalyst Forecast
According to 33 analysts, the average rating for FTNT stock is "Buy." The 12-month stock price forecast is $66.39, which is an increase of 13.43% from the latest price.
News
Final Trades: Fortinet, Toast, Mercado Libre, and Aptiv
The 'Halftime Report' Investment Committee shares their top picks to watch for the second half.
Fortinet Advances the Industry's Most Comprehensive Operational Technology Security Platform
New FortiSwitch 424F, FortiExtender Vehicle 211F, and enhanced FortiGuard OT Security Service were designed specifically to connect and protect OT environments New FortiSwitch 424F, FortiExtender Vehi...
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Meet Fortinet Advisor, a Generative AI Assistant that Accelerates Threat Investigation and Remediation
Fortinet harnesses more than a decade of AI innovation and deep threat expertise to empower customers with a cutting-edge GenAI tool that upskills cybersecurity teams Fortinet harnesses more than a de...
Fortinet Extends its Universal SASE Footprint Through Expanded Strategic Partnership with Digital Realty
Fortinet's commitment to providing a more extensive global cloud network ensures customers can more seamlessly connect and secure their hybrid workforces to critical applications Fortinet's commitment...
Media Advisory: Fortinet Returns to World Economic Forum's Annual Meeting on Cybersecurity
Fortinet delegation will contribute alongside the world's foremost cybersecurity leaders and experts in efforts to make cyberspace safer and more resilient Fortinet delegation will contribute alongsid...
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Earnings-season winners: 20 companies that have grown sales while improving profit margins
Earnings season is a time when investors like to see a “beat and raise” pattern. That is, companies report sales and earnings that surprise the market by coming in ahead of analysts' estimates.
Cramer's Stop Trading: Fortinet
CNBC's Jim Cramer explains why he is keeping an eye on shares of Fortinet.
Fortinet Stock Tumbles Again After Earnings. Palo Alto, CrowdStrike Fall, Too.
The company's outlook, in particular, appears to be spooking the market and spreading the negative sentiment across the sector.
Fortinet's stock slides after earnings as guidance misses the mark yet again
Fortinet Inc. whiffed badly with its guidance three months ago, and the company's third-quarter report Thursday brought another disappointment.
Fortinet Reports Third Quarter 2023 Financial Results
Third Quarter 2023 Highlights Total revenue of $1.33 billion, up 16% year over year Service revenue of $868.7 million, up 28% year over year Billings of $1.49 billion, up 6% year over year 1 Deferred ...
Former Fortinet CTO for Endpoint Solutions Udi Yavo Joins Seraphic Security Advisory Board
SAN JOSE, Calif.--(BUSINESS WIRE)--Seraphic Security, a leader in enterprise browser security, announced today that prominent cybersecurity expert and former Fortinet CTO for Endpoint Solutions Udi Ya...
Former Fortinet CTO Udi Yavo Joins Seraphic Security Advisory Board
SAN JOSE, Calif.--(BUSINESS WIRE)--Seraphic Security, a leader in enterprise browser security, announced today that prominent cybersecurity expert and former Fortinet CTO Udi Yavo is joining its Advis...
Among the S&P 500, these 20 companies have made the best use of investors' money
There is no easy way to select individual stocks. Measures of financial quality can highlight companies that are worth a closer look, but a decision to commit money must also take into consideration b...
Fortinet Expands Its Universal SASE Offering to Securely Connect Any User to Any Application
Over 100 FortiSASE cloud locations for worldwide coverage, a new FortiGate SASE appliance, and more flexible security consumption options support enterprise organizations' adoption of Fortinet Univers...
Fortinet Expands Its Global SASE Points-of-Presence with Google Cloud
Google Cloud Network's Global Network Edge Locations Will Expand Fortinet's POP Coverage for Universal SASE Customers Google Cloud Network's Global Network Edge Locations Will Expand Fortinet's POP Co...
Global MSSPs Select Fortinet Secure SD-WAN and SASE to Deliver Secure Networking Services to Customers
Fortinet supports MSSPs with a seamless journey from managed SD-WAN to SASE, ZTNA, and SD-Branch services Fortinet supports MSSPs with a seamless journey from managed SD-WAN to SASE, ZTNA, and SD-Bran...
Fortinet Launches New High-Performance Switches to Securely Connect the Modern Campus
FortiSwitch 600 and 2000 deliver intelligent, scalable connectivity that seamlessly integrates with AIOps and FortiGuard AI-Powered Security Services FortiSwitch 600 and 2000 deliver intelligent, scal...
Fortinet Recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for SD-WAN for the Fourth Year in a Row and Highest in Ability to Execute Three Times
SUNNYVALE, Calif., Oct. 03, 2023 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet “Fortinet serves tens of thousands of secure SD-WAN enterprise custome...
Cloud Range Joins Fortinet Fabric-Ready Partner Program to Protect Enterprise Organizations with Cyber Preparedness Simulation Platform
NASHVILLE, Tenn.--(BUSINESS WIRE)--Cloud Range, the industry's leading cyber range solution to reduce cyber risk across the organization, today announced it has joined the Fortinet Fabric-Ready Techno...
Fortinet to Announce Third Quarter 2023 Financial Results
SUNNYVALE, Calif., Oct. 02, 2023 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will h...
Fortinet Joins the United Nations Global Compact
Membership emphasizes Fortinet's focus on embedding sustainability and responsible corporate governance into its operations and business model Membership emphasizes Fortinet's focus on embedding susta...
Fortinet Announces Formation of Veterans Program Advisory Council to Narrow the Cybersecurity Skills Gap with Military Veteran Talent
Council Members from Five Eyes Nations Will Help Advance the Fortinet Veterans Program's Impact on Supporting Military Veterans in Transitioning to Careers in Cybersecurity Council Members from Five E...