FTNT - Fortinet, Inc.
| Previous Close | 78.37 |
| Open | 78.70 |
| Bid | 77.73 x 1800 |
| Ask | 82.29 x 1000 |
| Day's Range | 77.77 - 79.20 |
| 52 Week Range | 64.41 - 96.96 |
| Volume | 890,864 |
| Avg. Volume | 1,506,034 |
| Market Cap | 13.356B |
| Beta (3Y Monthly) | 1.31 |
| PE Ratio (TTM) | 36.77 |
| EPS (TTM) | 2.12 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 95.31 |
- Zacks
Fortinet (FTNT) Dips More Than Broader Markets: What You Should Know
Fortinet (FTNT) closed at $78.11 in the latest trading session, marking a -0.33% move from the prior day.
- Zacks
S&P, Dow Retake Milestones and Get Within 1% of New Highs
S&P;, Dow Retake Milestones and Get Within 1% of New Highs
- Zacks
Fortinet (FTNT) to Secure Telenor Sweden's SD-WAN Services
Fortinet (FTNT) is going to consolidate NGFW security and SD-WAN services into a single platform to effectively protect data and applications of Telenor Sweden's customers.
- InvestorPlace
Alibaba Stock Will Be Just Fine Without Jack Ma
Jack Ma retired on September 10 as executive chairman of Alibaba Group (NASDAQ:BABA) to become Bill Gates. (Or, maybe, Andrew Carnegie.)Source: zhu difeng / Shutterstock.com The Microsoft (NASDAQ:MSFT) co-founder retired at age 58 to become a full-time philanthropist and student of the world. Carnegie eventually gave away his entire fortune, worth $76 billion in 2019 dollars. Ma is retiring at age 55, he says to become a teacher.After building a company many liken to Jeff Bezos' Amazon.Com (NASDAQ:AMZN), Ma leaves a company at a crossroads under his chosen successor, Daniel Zhang.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe crossroads is between China and the world. Its way forward is the cloud. Alibaba GlobalAlibaba's base of China suffers from a depreciating currency, which the government is being forced to prop up. It's the primary victim of the Trump trade war, which is slowing growth. * 7 Best Stocks That Crushed It This Earnings Season But BABA has a way out. Alibaba's cloud, launched in 2009, is going global rapidly. It's expanding into Europe and dominating in Asia where it has a 19% marketshare, eclipsing even Amazon, with services in 15 different regions.Among Alibaba's latest partners is Equinix (NASDAQ:EQIX), a $46 billion cloud landlord whose shares are up 53% so far in 2019. Alibaba is now providing services in the U.S. through alliances with companies like Fortinet (NASDAQ:FTNT), privately-held WordPress and International Business Machine's (NYSE:IBM) Red Hat unit.While Amazon offers infrastructure and Microsoft offers a platform, Alibaba is providing a full application stack, including financial and database applications. Its targets aren't just big enterprises, but small businesses for which it will take their entire data and computing budget as they grow.Zhang now says cloud will be "Alibaba's main business in the future." That's a real change for Zhang. His first Alibaba strategy was known as "New Retail." He bought supermarkets and shopping centers, making the company look more like Walmart (NYSE:WMT) to the average Chinese consumer. Alibaba NumbersEven having delayed its Hong Kong offering due to the continuing crisis there, Alibaba is the 7th most valuable company in the world by market cap. It trails only the five U.S. "Cloud Czars" and Berkshire Hathaway (NYSE:BRK.A).After a rough May, the shares are still up nearly 30% on the year. They carry a price to earnings multiple of 50 and bring about 23% of revenue to the net income line. For its first fiscal quarter, reported in August, Alibaba had net income of nearly $2.8 billion, $1.17 per share, on revenue of $16.7 billion. That's a net income gain of 146% on just 42% more revenue.Cloud revenue was up 66%, while core commerce revenue was up just 44%, with much of that coming from logistics and consumer services. The numbers sent the stock up 11.6% over the last month, despite continuing tensions. The Bottom Line for BABA StockMa's retirement and birthday ceremony was held in the football stadium of his hometown. There he said he hopes to engage in projects that avoid any connection to politics. * 10 Stocks to Sell in Market-Cursed September But he's too big for that. That may also be true for Alibaba, and that's the only cloud on its horizon.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in BABA, MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Alibaba Stock Will Be Just Fine Without Jack Ma appeared first on InvestorPlace.
- GlobeNewswire
Telenor Selects Fortinet to Deliver One of the Nordic Region’s First Secure SD-WAN Services
SUNNYVALE, Calif., Sept. 10, 2019 -- Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced that it has been.
- Zacks
Is Fortinet (FTNT) a Solid Growth Stock? 3 Reasons to Think " Yes "
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
- Zacks
Palo Alto Ups the Ante in IoT Security, to Buy Zingbox
The acquisition is expected to boost Palo Alto's (PANW) Cortex platform by implementing Zingbox's cloud-based service and advanced AI and ML technology into its security offerings.
- Zacks
ON Semiconductor New Products to Aid High-Power Applications
ON Semiconductor (ON) rolls out new interface controllers which are IEEE 802.3bt standard compliant, to enable and support high-power applications.
- Zacks
5 Security Stocks in Focus as Zero Trust Approach Evolves
Here we discuss five stocks that are increasingly trying to secure organizations in a hybrid cloud environment based on a Zero Trust approach.
- Simply Wall St.
Shareholders Are Thrilled That The Fortinet (NASDAQ:FTNT) Share Price Increased 197%
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
- Zacks
Western Digital Unveils High Storage-Capable Data Center HDDs
Western Digital (WDC) unveils 18TB and 20TB HDDs with an aim to reduce the total cost of ownership (or TCO) of data center customers.
- Zacks
Garmin Unveils NEO 2T Smart to Sustain Fitness Momentum
Garmin (GRMN) rolls out an indoor cycling trainer called NEO 2T Smart, which is likely to expand its presence in global bike trainer space.
- Zacks
Seagate's (STX) Subsidiary Commences Cash Tender Offers
Seagate's (STX) subsidiary Seagate HDD Cayman has commenced the cash tender Offers with an aim to restructure debt financing.
- Zacks
Proofpoint Makes Key Enhancements Across Product Portfolio
The enhancements across Proofpoint's (PFPT) product portfolio will cover cybersecurity, compliance and awareness training to better assist its clients in protecting their organizations.
- Zacks
Palo Alto (PANW) to Report Q4 Earnings: What's in the Cards?
Palo Alto's (PANW) fourth-quarter fiscal 2019 results are likely to be driven by its strong product portfolio, which is aiding customer acquisitions.
- Zacks
Why Is Fortinet (FTNT) Up 0.2% Since Last Earnings Report?
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Check Point Offers Security Solution for Distributed Offices
Check Point's (CHKP) CloudGuard solutions will deploy real-time threat prevention to branch offices from the cloud or on-premise.
- Zacks
Fortinet Extends Support for VMware to Boost Cloud Security
With the extension of partnership, Fortinet (FTNT) will provide consistent security and monitoring for East-West traffic in addition to the already existing North-South traffic.
- Investor's Business Daily
12 Big Stocks You'll Wish You Owned Even More Of
If you own an S&P; 500 index fund, yes, you own all the big-cap winners like CarMax, Fortinet and CBOE Global Markets. But probably not as much as you'd like.
- GlobeNewswire
Fortinet Extends Support for VMware NSX-T to Further Advance Security in Software Defined Data Centers and the Cloud
SUNNYVALE, Calif., Aug. 26, 2019 -- John Maddison, EVP of products and chief marketing officer at Fortinet “We look forward to tightening our collaboration with.
- GuruFocus.com
Fortinet Inc (FTNT) President & CEO Ken Xie Sold $650,640 of Shares
President & CEO of Fortinet Inc (30-Year Financial, Insider Trades) Ken Xie (insider trades) sold 8,000 shares of FTNT on 08/21/2019 at an average price of $81.33 a share. Continue reading...
- Zacks
Pure Storage (PSTG) Q2 Earnings & Revenues Beat Estimates
Pure Storage's (PSTG) robust adoption of FlashArray & FlashBlade solutions is driving growth.
- Zacks
Keysight (KEYS) Q3 Earnings & Revenues Surpass Estimates
Keysight's (KEYS) robust adoption driven by high demand for 5G design and test solutions along with strong pipeline for new business bookings are key catalysts.
- Zacks
Fortinet (FTNT) is an Incredible Growth Stock: 3 Reasons Why
Fortinet (FTNT) possesses solid growth attributes, which could help it handily outperform the market.
