60.67
price up icon0.73%   +0.4354
 
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Fortinet Inc stock is currently priced at $60.67, with a 24-hour trading volume of 1.38M. It has seen a +0.73% increased in the last 24 hours and a +0.78% rose in the past month. The chart indicates a potential bullish trend, as the stock is above the $60.19 pivot point. If it approaches the $60.73 resistance level, significant changes may occur.
Previous Close:
$60.23
Open:
$60.45
24h Volume:
1.38M
Market Cap:
$46.04B
Revenue:
$5.40B
Net Income/Loss:
$1.20B
P/E Ratio:
41.84
EPS:
1.45
Net Cash Flow:
$1.69B
1W Performance:
+1.59%
1M Performance:
+0.78%
6M Performance:
+6.35%
1Y Performance:
-15.12%
1D Range:
Value
$60.13
$60.78
52W Range:
Value
$44.12
$81.24

Fortinet Inc Stock (FTNT) Company Profile

Name
Name
Fortinet Inc
Name
Phone
408-235-7700
Name
Address
899 Kifer Road, Sunnyvale, CA
Name
Employee
5,639
Name
Twitter
@fortinet
Name
Next Earnings Date
2024-06-14
Name
Latest SEC Filings
Name
FTNT's Discussions on Twitter

Fortinet Inc Stock (FTNT) Upgrades & Downgrades

Date Action Analyst Rating Change
Feb-13-24 Upgrade Daiwa Securities Neutral → Outperform
Feb-08-24 Downgrade DZ Bank Hold → Sell
Feb-07-24 Downgrade HSBC Securities Hold → Reduce
Jan-18-24 Initiated Bernstein Mkt Perform
Jan-17-24 Downgrade CapitalOne Overweight → Equal Weight
Jan-17-24 Downgrade Daiwa Securities Buy → Neutral
Jan-16-24 Downgrade Wells Fargo Overweight → Equal Weight
Jan-09-24 Downgrade Citigroup Buy → Neutral
Dec-15-23 Initiated Susquehanna Neutral
Nov-06-23 Downgrade HSBC Securities Buy → Hold
Nov-03-23 Downgrade Evercore ISI Outperform → In-line
Nov-03-23 Downgrade JP Morgan Overweight → Neutral
Nov-03-23 Downgrade Oppenheimer Outperform → Perform
Nov-03-23 Downgrade Stifel Buy → Hold
Nov-03-23 Downgrade William Blair Outperform → Mkt Perform
Oct-25-23 Initiated Needham Hold
Oct-19-23 Downgrade Jefferies Buy → Hold
Oct-18-23 Initiated DZ Bank Hold
Oct-13-23 Downgrade Barclays Overweight → Equal Weight
Sep-29-23 Initiated HSBC Securities Buy
Sep-13-23 Initiated CapitalOne Overweight
Aug-07-23 Upgrade Guggenheim Neutral → Buy
Aug-04-23 Reiterated BMO Capital Markets Market Perform
Aug-04-23 Reiterated Mizuho Neutral
Aug-04-23 Reiterated Morgan Stanley Overweight
Aug-04-23 Reiterated Raymond James Outperform
Aug-04-23 Reiterated Robert W. Baird Outperform
Aug-04-23 Reiterated Rosenblatt Buy
Aug-04-23 Reiterated Scotiabank Sector Outperform
Aug-04-23 Downgrade TD Cowen Outperform → Market Perform
Aug-04-23 Reiterated Wedbush Outperform
Aug-04-23 Reiterated Wells Fargo Overweight
Jul-14-23 Reiterated Barclays Overweight
May-08-23 Upgrade BofA Securities Neutral → Buy
May-02-23 Initiated Rosenblatt Buy
Apr-21-23 Initiated Truist Buy
Feb-14-23 Initiated Goldman Buy
Feb-08-23 Downgrade KeyBanc Capital Markets Overweight → Sector Weight
Feb-07-23 Initiated Loop Capital Buy
Feb-02-23 Downgrade BMO Capital Markets Outperform → Market Perform
Jan-31-23 Reiterated MKM Partners Buy
Jan-27-23 Downgrade Mizuho Buy → Neutral
Jan-24-23 Initiated Guggenheim Neutral
Jan-24-23 Initiated JP Morgan Overweight
Jan-18-23 Initiated Scotiabank Sector Outperform
Jan-13-23 Downgrade BTIG Research Buy → Neutral
Oct-19-22 Resumed Robert W. Baird Outperform
Oct-10-22 Upgrade Morgan Stanley Equal-Weight → Overweight
Oct-07-22 Initiated SMBC Nikko Outperform
Sep-16-22 Initiated MKM Partners Buy
Sep-15-22 Initiated Jefferies Buy
Sep-08-22 Initiated Cantor Fitzgerald Overweight
Sep-02-22 Initiated Atlantic Equities Overweight
Jun-28-22 Upgrade BMO Capital Markets Market Perform → Outperform
May-11-22 Upgrade Daiwa Securities Outperform → Buy
May-05-22 Upgrade Mizuho Neutral → Buy
Mar-29-22 Upgrade Barclays Equal Weight → Overweight
Mar-25-22 Downgrade BofA Securities Buy → Neutral
Feb-04-22 Reiterated BMO Capital Markets Market Perform
Feb-04-22 Reiterated Barclays Equal Weight
Feb-04-22 Reiterated Citigroup Buy
Feb-04-22 Reiterated Deutsche Bank Hold
Feb-04-22 Reiterated Mizuho Neutral
Feb-04-22 Reiterated Raymond James Outperform
Feb-04-22 Reiterated UBS Neutral
Feb-04-22 Reiterated Wedbush Outperform
Feb-04-22 Reiterated Wells Fargo Overweight
Jan-25-22 Initiated Citigroup Buy
Oct-05-21 Initiated Wells Fargo Overweight
Sep-28-21 Reiterated Cowen Outperform
Sep-21-21 Initiated Stifel Buy
Jul-30-21 Reiterated BMO Capital Markets Market Perform
Jul-30-21 Reiterated BTIG Research Buy
Jul-30-21 Reiterated Cowen Outperform
Jul-30-21 Reiterated Deutsche Bank Hold
Jul-30-21 Reiterated KeyBanc Capital Markets Overweight
Jul-30-21 Reiterated Mizuho Neutral
Jul-30-21 Reiterated Morgan Stanley Equal-Weight
Jul-30-21 Reiterated RBC Capital Mkts Outperform
Jul-30-21 Reiterated Raymond James Outperform
Jul-30-21 Reiterated Wedbush Outperform
Jun-29-21 Downgrade Monness Crespi & Hardt Buy → Neutral
May-27-21 Initiated Cowen Outperform
Mar-16-21 Resumed Credit Suisse Neutral
Mar-10-21 Reiterated Monness Crespi & Hardt Buy
Feb-05-21 Upgrade KeyBanc Capital Markets Sector Weight → Overweight
Feb-05-21 Reiterated Monness Crespi & Hardt Buy
Jan-26-21 Resumed Evercore ISI Outperform
Jan-22-21 Upgrade BTIG Research Neutral → Buy
Jan-12-21 Upgrade DA Davidson Neutral → Buy
Jan-05-21 Downgrade Piper Sandler Overweight → Neutral
Dec-09-20 Downgrade JP Morgan Neutral → Underweight
Nov-24-20 Initiated KeyBanc Capital Markets Sector Weight
Oct-20-20 Upgrade Goldman Neutral → Buy
Oct-05-20 Resumed Raymond James Outperform
Aug-20-20 Initiated Deutsche Bank Hold
Jul-15-20 Downgrade Goldman Buy → Neutral
Jul-07-20 Downgrade JP Morgan Overweight → Neutral
Jun-24-20 Reiterated Monness Crespi & Hardt Buy
May-07-20 Reiterated Monness Crespi & Hardt Buy
May-04-20 Initiated Evercore ISI Outperform
Mar-27-20 Initiated BTIG Research Neutral
Mar-17-20 Downgrade DA Davidson Buy → Neutral
Feb-07-20 Reiterated BMO Capital Markets Market Perform
Feb-07-20 Reiterated Monness Crespi & Hardt Buy
Feb-03-20 Reiterated BMO Capital Markets Underperform
Jan-22-20 Upgrade Raymond James Mkt Perform → Outperform
Jan-14-20 Initiated DA Davidson Buy
Nov-19-19 Reiterated Monness Crespi & Hardt Buy
Nov-15-19 Upgrade Credit Suisse Underperform → Neutral
Nov-12-19 Initiated Goldman Buy
View All

Fortinet Inc Stock (FTNT) Financials Data

Fortinet Inc (FTNT) Revenue 2024

FTNT reported a revenue (TTM) of $5.40 billion for the quarter ending March 31, 2024, a +14.20% rise year-over-year.
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Fortinet Inc (FTNT) Net Income 2024

FTNT net income (TTM) was $1.20 billion for the quarter ending March 31, 2024, a +24.08% increase year-over-year.
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Fortinet Inc (FTNT) Cash Flow 2024

FTNT recorded a free cash flow (TTM) of $1.69 billion for the quarter ending March 31, 2024, a -7.15% decrease year-over-year.
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Fortinet Inc (FTNT) Earnings per Share 2024

FTNT earnings per share (TTM) was $1.53 for the quarter ending March 31, 2024, a +26.45% growth year-over-year.
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Fortinet Inc Stock (FTNT) Insider Trading

Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total
Xie Ken
PRESIDENT & CEO
Jun 12 '24
Option Exercise
9.81
41,667
408,837
48,784,150
Xie Ken
PRESIDENT & CEO
Jun 12 '24
Sale
60.23
24,256
1,460,934
48,759,894
Xie Ken
PRESIDENT & CEO
Jun 11 '24
Option Exercise
9.81
41,666
408,827
48,766,718
Xie Ken
PRESIDENT & CEO
Jun 11 '24
Sale
59.53
24,235
1,442,643
48,742,483
NEUKOM WILLIAM H.
Director
Jun 06 '24
Buy
59.55
586
34,898
295,778
Jensen Keith
Chief Financial Officer
Jun 05 '24
Option Exercise
30.40
36,700
1,115,641
62,413
Jensen Keith
Chief Financial Officer
Jun 05 '24
Sale
59.68
18,701
1,116,139
4,663
Xie Ken
PRESIDENT & CEO
May 15 '24
Option Exercise
9.81
41,667
408,837
48,749,282
Xie Ken
PRESIDENT & CEO
May 15 '24
Sale
60.90
24,230
1,475,716
48,725,052
Xie Ken
PRESIDENT & CEO
May 14 '24
Option Exercise
9.81
41,667
408,837
48,731,877
Fortinet, Inc. provides broad, automated, and integrated cybersecurity 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 WAN acceleration; and FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of products, which offers a cloud-ready security information and event management solution for enterprises and service providers. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices, such as computers and laptops, as well as an expanding field of Internet of Things devices; and Fortinet Management and Analysis products consisting of FortiManager and FortiAnalyzer hardware and software products. In addition, it provides security subscription, technical support, professional, and training services. The company sells its security solutions to channel partners; and directly to end-customers, including small and medium-sized businesses, large enterprises, and government organizations in a range of industries consisting of telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California.
$23.51
price up icon 1.07%
software_infrastructure SQ
$61.76
price down icon 0.97%
software_infrastructure ZS
$184.49
price up icon 1.89%
software_infrastructure NET
$75.39
price up icon 2.71%
$589.95
price up icon 0.60%
Cap:     |  Volume (24h):