65.12
0.57%
+0.32
Fortinet Inc stock is currently priced at $65.12, with a 24-hour trading volume of 1.45M.
It has seen a +0.57% increased in the last 24 hours and a -4.58% declined in the past month.
The chart indicates a potential bullish trend, as the stock is above the $64.63 pivot point. If it approaches the $65.27 resistance level, significant changes may occur.
Previous Close:
$64.80
Open:
$64.89
24h Volume:
1.45M
Market Cap:
$49.45B
Revenue:
$5.30B
Net Income/Loss:
$1.15B
P/E Ratio:
44.91
EPS:
1.45
Net Cash Flow:
$1.73B
1W Performance:
+0.79%
1M Performance:
-4.58%
6M Performance:
+13.26%
1Y Performance:
-1.63%
Fortinet Inc Stock (FTNT) Company Profile
Name
Fortinet Inc
Sector
Industry
Phone
408-235-7700
Address
899 Kifer Road, Sunnyvale, CA
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
Investors Heavily Search Fortinet, Inc. (FTNT): Here is What You Need to Know
Zacks Investment Research
Fortinet (FTNT) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research
Fortinet Named a Challenger in the 2024 Gartner® Magic Quadrant™ for Security Service Edge
GlobeNewswire Inc.
Fortinet (FTNT) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research
Check Point (CHKP) Enhances Email Security With New Features
Zacks Investment Research
Fortinet (FTNT) Stock Moves -0.13%: What You Should Know
Zacks Investment Research
Fortinet Inc Stock (FTNT) Financials Data
Fortinet Inc (FTNT) Revenue 2024
FTNT reported a revenue (TTM) of $5.30 billion for the quarter ending December 31, 2023, a +20.09% rise year-over-year.
Fortinet Inc (FTNT) Net Income 2024
FTNT net income (TTM) was $1.15 billion for the quarter ending December 31, 2023, a +33.89% increase year-over-year.
Fortinet Inc (FTNT) Cash Flow 2024
FTNT recorded a free cash flow (TTM) of $1.73 billion for the quarter ending December 31, 2023, a +19.46% increase year-over-year.
Fortinet Inc (FTNT) Earnings per Share 2024
FTNT earnings per share (TTM) was $1.45 for the quarter ending December 31, 2023, a +35.51% growth year-over-year.
Fortinet Inc Stock (FTNT) Insider Trading
Insider Trading | Relationship | Date | Transaction | Cost | #Shares | Value ($) | #Shares Total |
---|---|---|---|---|---|---|---|
Xie Ken | PRESIDENT & CEO |
Apr 17 '24 |
Sale |
64.88 |
24,004 |
1,557,362 |
48,678,310 |
Xie Ken | PRESIDENT & CEO |
Apr 16 '24 |
Option Exercise |
9.81 |
41,667 |
408,837 |
48,684,640 |
Xie Ken | PRESIDENT & CEO |
Apr 16 '24 |
Sale |
64.75 |
23,992 |
1,553,378 |
48,660,648 |
Hsieh Ming | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
54,741 |
NEUKOM WILLIAM H. | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
295,192 |
Hu Jean X. | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
31,106 |
STAVRIDIS JAMES G. | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
9,246 |
Sim Judith | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
121,599 |
GOLDMAN KENNETH A | Director |
Mar 31 '24 |
Option Exercise |
0.00 |
827 |
0 |
18,526 |
Xie Ken | PRESIDENT & CEO |
Mar 13 '24 |
Option Exercise |
9.81 |
41,667 |
408,837 |
48,666,672 |
About Fortinet Inc
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.
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