57.00

0.54% -0.31

After Hours: 57.00

Fortinet Inc (FTNT)

Overview News Price History Option Chain Financials Why FTNT Down? Discussions Forecast Stock Split

Fortinet Inc stock is traded at $57.00, with a volume of 4.05M. It is down -0.54% in the last 24 hours and down -1.91% over the past month. Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

Previous Close:

$57.31

Open:

$57.66

24h Volume:

4.05M

Market Cap:

$43.54B

Revenue:

$5.40B

Net Income/Loss:

$1.20B

P/E Ratio:

39.31

EPS:

1.45

Net Cash Flow:

$1.69B

1W Performance:

-2.53%

1M Performance:

-1.91%

6M Performance:

-13.79%

1Y Performance:

-26.22%

1D Range:

$56.84

$57.81

52W Range:

$44.12

$78.58

Fortinet Inc Stock (FTNT) Company Profile

Name

Fortinet Inc

Sector

Technology (782)

Industry

Software - Infrastructure (158)

Phone

408-235-7700

Address

909 KIFER ROAD, SUNNYVALE, CA

Employee

13,522

Twitter

@fortinet

Next Earnings Date

2024-08-06

Latest SEC Filings

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) Latest News

Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 41% Below Their Intrinsic Value Estimate - Simply Wall St

Simply Wall St

Acadian Asset Management LLC Sells 24,540 Shares of Fortinet, Inc. (NASDAQ:FTNT) - Defense World

Defense World

Fortinet Inc Stock (FTNT) Financials Data

Revenue

Net Income

Cash Flow

EPS

Fortinet Inc Stock (FTNT) Insider Trading

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total
Xie Ken	PRESIDENT & CEO	Jul 16 '24	Option Exercise	9.81	41,666	408,827	48,818,960
Xie Ken	PRESIDENT & CEO	Jul 16 '24	Sale	59.66	24,246	1,446,587	48,794,714
Xie Ken	PRESIDENT & CEO	Jul 15 '24	Option Exercise	9.81	41,667	408,837	48,801,561
Xie Ken	PRESIDENT & CEO	Jul 15 '24	Sale	60.01	24,267	1,456,363	48,777,294
NEUKOM WILLIAM H.	Director	Jun 13 '24	Option Exercise	0.00	827	0	296,605
Hu Jean X.	Director	Jun 13 '24	Option Exercise	0.00	827	0	31,933
Sim Judith	Director	Jun 13 '24	Option Exercise	0.00	827	0	122,426
STAVRIDIS JAMES G.	Director	Jun 13 '24	Option Exercise	0.00	827	0	10,073
Wilderotter Mary Agnes	Director	Jun 13 '24	Option Exercise	0.00	550	0	550
Hsieh Ming	Director	Jun 13 '24	Option Exercise	0.00	827	0	55,568