FTNT - Fortinet, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
76.96
+2.01 (+2.68%)
At close: 4:00PM EDT

77.95 +0.99 (1.29%)
Pre-Market: 7:02AM EDT

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Previous Close74.95
Open75.32
Bid0.00 x 1000
Ask0.00 x 800
Day's Range74.50 - 77.11
52 Week Range61.08 - 96.96
Volume1,168,198
Avg. Volume1,668,331
Market Cap13.142B
Beta (3Y Monthly)1.39
PE Ratio (TTM)38.36
EPS (TTM)2.01
Earnings DateJul 30, 2019 - Aug 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est91.62
Trade prices are not sourced from all markets
  • GlobeNewswire22 hours ago

    Fortinet’s Ken Xie Named a Glassdoor Top CEO in 2019 in Canada

    BURNABY, British Columbia, June 19, 2019 -- Ken Xie, Founder, Chairman of the Board, and CEO, Fortinet “Canada is important to our business, Fortinet has operated there since.

  • GlobeNewswire22 hours ago

    Fortinet Receives Second Consecutive NSS Labs Recommended Rating in SD-WAN Group Test Report

    SUNNYVALE, Calif., June 19, 2019 -- John Maddison, EVP of products and solutions, Fortinet“Fortinet has uniquely combined best-of-breed SD-WAN and security in one integrated.

  • Fortinet Offers Integrated Security for Business Branches
    Zacks2 days ago

    Fortinet Offers Integrated Security for Business Branches

    Fortinet's (FTNT) Secure SD-Branch solution provides network edge protection, device edge protection, integrated security and simplified management for distributed enterprises.

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    Investopedia3 days ago

    Software Stocks with least Risk and Positive Sales Growth

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  • GlobeNewswire3 days ago

    Fortinet Delivers Industry’s First Secure SD-Branch Solution to Extend Security to the WAN and Access Edge

    SUNNYVALE, Calif., June 17, 2019 -- John Maddison, EVP of products and solutions at Fortinet “To compete in today’s digital economy, businesses need to provide high quality.

  • Is Fortinet (FTNT) Outperforming Other Computer and Technology Stocks This Year?
    Zacks6 days ago

    Is Fortinet (FTNT) Outperforming Other Computer and Technology Stocks This Year?

    Is (FTNT) Outperforming Other Computer and Technology Stocks This Year?

  • Palo Alto Completes PureSec Buyout, Boosts Prisma Strategy
    Zacks6 days ago

    Palo Alto Completes PureSec Buyout, Boosts Prisma Strategy

    PureSec will be integrated into Palo Alto's (PANW) Prisma cloud security platform, enabling the latter to add end-to-end serverless application security to its capabilities.

  • Fortinet (FTNT) Stock Sinks As Market Gains: What You Should Know
    Zacks7 days ago

    Fortinet (FTNT) Stock Sinks As Market Gains: What You Should Know

    Fortinet (FTNT) closed the most recent trading day at $76.61, moving -0.49% from the previous trading session.

  • Fortinet Security Fabric Products to Protect Nubank's Network
    Zacks7 days ago

    Fortinet Security Fabric Products to Protect Nubank's Network

    Fortinet's (FTNT) Security Fabric solutions will not only boost Nubank's growth, but also secure its AWS cloud environment.

  • A Look at Fortinet’s Key Financial Metrics
    Market Realist7 days ago

    A Look at Fortinet’s Key Financial Metrics

    Fortinet’s (FTNT) sales have grown at a compound annual growth rate (or CAGR) of 24.0% from $615 million in 2013 to $1.8 billion in 2018.

  • Fortinet Is Optimistic about Long-Term Growth
    Market Realist8 days ago

    Fortinet Is Optimistic about Long-Term Growth

    How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Strong demand for cybersecurity productsThe global cybersecurity market has grown at a significant rate over the years. The threat of cyber attacks has driven up demand for

  • A Look at Fortinet’s Total Addressable Market
    Market Realist8 days ago

    A Look at Fortinet’s Total Addressable Market

    How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Fortinet is a leader in the cybersecurity spaceFortinet (FTNT) is one of the largest players in the cybersecurity space. It has a market capitalization of $12.9 billion.

  • Is the Recent Pullback for Fortinet Stock Justified?
    Market Realist8 days ago

    Is the Recent Pullback for Fortinet Stock Justified?

    How Has Fortinet Stock Performed since Q1 Results?(Continued from Prior Part)Fortinet stock fell despite earnings beatFortinet (FTNT) stock has fallen recently. The stock has slumped over 20.0% since April 15 this year. Fortinet announced its

  • Fortinet Stock Has Fallen 18.7% since May 2019
    Market Realist8 days ago

    Fortinet Stock Has Fallen 18.7% since May 2019

    How Has Fortinet Stock Performed since Q1 Results?Fortinet stock returnsFortinet (FTNT) stock has fallen 18.7% since the start of May 2019. Fortinet stock is currently trading at $75.98, which is 24.4% above its 52-week low of $61.08 and 21.6% below

  • GlobeNewswire8 days ago

    Nubank Invests in Fortinet Cloud Security Solutions to Support Business Growth and Secure AWS Cloud Environment

    "Nubank is a leading digital bank and one of the largest credit issuers in Brazil. The success of this relationship is the result of our investment in innovation and the quality of services provided by our team of cybersecurity experts at Fortinet. Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, today announced that Nubank, the largest fintech company in Latin America, has deployed Fortinet cloud security solutions to design a cybersecurity IT infrastructure supporting the fintech company's 1,400 employees and the company’s business growth.

  • Were Hedge Funds Right About Flocking Into Fortinet Inc (FTNT)?
    Insider Monkey10 days ago

    Were Hedge Funds Right About Flocking Into Fortinet Inc (FTNT)?

    We at Insider Monkey have gone over 738 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of Fortinet Inc (NASDAQ:FTNT) based on that data. […]

  • Fortinet to Secure Cloud Environments of 4 Major Companies
    Zacks15 days ago

    Fortinet to Secure Cloud Environments of 4 Major Companies

    Fortinet's (FTNT) multi-cloud security solutions, which are part of the Fortinet Security Fabric, have been chosen by leading organizations to achieve secure migration of workloads to cloud.

  • GlobeNewswire15 days ago

    Fortinet rapidly expands its partner focused Security as a Service Cloud offerings with additional FortiCloud offerings

    SUNNYVALE, Calif., June 05, 2019 -- Jon Bove, Vice President, Channel Sales at Fortinet “Fortinet is helping partners and customers to accelerate cloud adoption by providing.

  • Have Insiders Been Selling Fortinet, Inc. (NASDAQ:FTNT) Shares?
    Simply Wall St.16 days ago

    Have Insiders Been Selling Fortinet, Inc. (NASDAQ:FTNT) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Motley Fool17 days ago

    Is It Time to Buy the Dip in Fortinet After a Solid Q1?

    A best-in-class cybersecurity stock isn't getting the love it should.

  • Zacks.com featured highlights include: Twitter, ServiceNow, Fortinet, Tactile Systems and Navigant Consulting
    Zacks17 days ago

    Zacks.com featured highlights include: Twitter, ServiceNow, Fortinet, Tactile Systems and Navigant Consulting

    Zacks.com featured highlights include: Twitter, ServiceNow, Fortinet, Tactile Systems and Navigant Consulting

  • GlobeNewswire17 days ago

    Fortinet’s Robust Multi-Cloud Portfolio Secures Migration to Cloud Environments

    Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, today announced that Aspire Global, MediaKind, MLP Finanzberatung SE, and Nubank have chosen Fortinet’s multi-cloud security offerings to implement secure connectivity and consistent visibility and control across their cloud environments. Migrating workloads and applications to cloud environments, building cloud native applications and consuming SaaS applications have many benefits for organizations looking to stay agile, flexible and reduce operational costs.

  • Fortinet (FTNT) Down 16.9% Since Last Earnings Report: Can It Rebound?
    Zacks19 days ago

    Fortinet (FTNT) Down 16.9% Since Last Earnings Report: Can It Rebound?

    Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 3 Reasons to Buy Fortinet Stock on This Dip
    InvestorPlace20 days ago

    3 Reasons to Buy Fortinet Stock on This Dip

    Fortinet Inc (NASDAQ:FTNT) is a cybersecurity firm that's been around for nearly 20 years. The company went public about a decade ago, in the teeth of the financial crisis, and has a checkered history in the markets.Source: Shutterstock Considering the sector Fortinet stock is in, that was certainly a better time to launch a cybersecurity company than it was to launch a mortgage company or a residential real estate investment trust (REIT). But FTNT stock still pretty much chugged along for about 5 years until it started to gain some traction.FTNT had one powerful thing going for it at the time: Big firms had the power to borrow, even through the tough times, and companies were starting to realize how crucial it was to build out their cybersecurity capabilities. That meant a tailwind for quality cybersecurity firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlso, we were in the next iteration of the digital era -- mobility. Security was expanding beyond just internal servers and simple firewall protocols. Data were now everywhere thanks to the cloud and Big Data, and the growing influence of the Internet of Things (IoT), which includes smart houses, cars, etc. * 7 Stocks to Sell Amid an Escalating Trade War And of course, e-commerce.These were places that enterprise level companies saw as massive opportunities to grow their businesses. And that meant 21st century digital security guards that not only worked reactively but proactively to threats.That's how FTNT stock has grown over 800% in the past 9 years …But after a big run in the past few years, cybersecurity stocks aren't growing at the pace they once did.Although, FTNT released its first-quarter earnings in early May, and the numbers beat analysts' expectations, the company gave conservative numbers for the rest of the year. These figures were only in line with analysts' expectations, which was enough to sell Fortinet stock and elicit downgrades from some analysts. Today, Fortinet stock is giving back 2.6% amid a broader market selloff.However, most analysts are still bullish on the stock. In fact, my Portfolio Grader still gives FTNT stock an "A" rating.Here are three reasons why FTNT stock is still a buy in my view:* Trade War: There are two things you need in any war -- an offense and a defense. Whether it's an economic war or an armed conflict, in today's world, security is crucial.China has very good hacking operations. And in this environment, testing vulnerabilities and hampering operations is all fair game. Plus, China has proxy states like North Korea that can cause issues without China's fingerprints on it.Then you add in players like Russia and its proxies who are happy to step in and add to the chaos.To this end, a recent survey of chief information and security officers at financial institutions shows nearly 75% are expecting to increase spending on cybersecurity in the next year. Even if the trade war cools, espionage will not.* Conflicting expectations: On a more micro level, this divergence on earnings and revenue among analysts is a great opportunity. Since earnings, the stock is off about 17% this month. But cash flow growth and earnings growth, historically and currently blow its peers and industry averages out of the water.* Transition to platform from products: And FTNT is heading forward doing the same old thing, hoping it will keep working. The company is also weaving its products into platforms that will add value for the company and its customers.What's more, FTNT stock is already seeing its earnings estimates from analysts for the rest of the year rise, just in the past month. For these reasons, I recommend investors add Fortinet stock to their portfolios.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post 3 Reasons to Buy Fortinet Stock on This Dip appeared first on InvestorPlace.

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