Fortinet Inc

$93.82
(as of Jan 13, 3:59 PM EST)

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Ticker Information for Fortinet Inc

Stock Price
$93.83
Ticker Symbol
FTNT
Exchange
NASDAQ

Industry Information for Fortinet Inc

Sector
Technology
Industry
Software - Infrastructure

Company Description for Fortinet Inc

Country
USA
Full Time Employees
13,986

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

Fundamentals for Fortinet Inc

Market Capitalization
$72,475,795,456
EBITDA
$1,727,900,032
Dividends per Share
P/E Ratio
47.63
Forward P/E Ratio
38.17
Earnings per Share
$1.97
Earnings per Share Estimate Next Year
$2.42
Profit Margin
26.79%
Shares Outstanding
766,452,992
Percent Owned by Insiders
17.49%
Percent Owned by Institutions
69.49%
52-Week High
$101
52-Week Low
$54.57

Technical Indicators for Fortinet Inc

50-Day Moving Average
$93.25
200-Day Moving Average
$73.81
RSI
45.21
2.66

Analyst Ratings for Fortinet Inc

Strong Buy
10
Buy
8
Hold
24
Sell
0
Strong Sell
1

News About Fortinet Inc

Dec 19, 2024, 9:48 AM EST
Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc. See more.
Dec 9, 2024, 3:24 PM EST
Zscaler stock had its Relative Strength (RS) Rating upgraded from 70 to 76 Monday — a welcome improvement, but still short of the 80 or higher score you look for. See more.
Nov 19, 2024, 11:14 AM EST
At least a dozen Wall Street analysts hiked their price targets on Fortinet stock in the wake of the cybersecurity firm's investor day, where it provided new financial targets. See more.
Nov 7, 2024, 4:33 PM EST
Cybersecurity firm Fortinet reported Q3 earnings and revenue that topped Wall Street analyst estimates while billings guidance came in below expectations. See more.
Nov 6, 2024, 7:00 PM EST
The cybersecurity company's third-quarter results largely exceeded management's expectations. See more.