|Bid||57.09 x 100|
|Ask||57.12 x 200|
|Day's Range||56.87 - 57.66|
|52 Week Range||35.44 - 57.98|
|PE Ratio (TTM)||317.56|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.48|
NEW YORK, April 20, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Palo Alto Networks’ (PANW) subscriptions and support, which contribute more than 60% of its overall revenue, have maintained strong double-digit revenue growth. This solid performance is mainly due to higher customer retention and additions.
Although Juniper Networks’ (JNPR) security business revenue fell ~13% YoY (year-over-year) in fiscal 2017, its revenue rose 8% in 4Q17. Juniper’s security revenue fell for several quarters prior to 4Q17 as the company struggled to compete with niche players such as Palo Alto Networks (PANW), FireEye (FEYE), and Fortinet (FTNT), and tech giants such as Cisco (CSCO). Last year, Juniper announced that it would revamp its security product portfolio to attract customers, and revenue growth in 4Q17 was driven by sales across financial services, telecom, and government verticals.
SUNNYVALE, Calif., April 17, 2018--. John Maddison, senior vice president of products and solutions, Fortinet“ As organizations aggressively adopt a digital business model, endpoint devices and applications ...
Extends Collaboration with Integrated and Automated Security Operations. John Maddison, senior vice president of Products and Solutions at Fortinet“ Fortinet and IBM have a long-standing relationship, ...
Proofpoint and other cybersecurity stocks rallied as the RSA Security Conference kicked off in San Francisco and analysts pondered further industry consolidation.
SAN FRANCISCO, April 16, 2018-- RSA Conference 2018. John Maddison, senior vice president of Products and Solutions at Fortinet“ Both security and IT teams are challenged by resource constraints, yet workloads ...
Palo Alto Networks, Fortinet, Okta and CyberArk Software are among network security firms that could prosper from utilizing blockchain technology, says an Oppenheimer report.
Zacks.com featured highlights include: Archer Daniels, AMN, Fluor, Fortinet and National General
Fortinet (FTNT) continues to witness strong growth in deferred revenue mainly due to huge contract wins. Increased security threats across different organizations have led to growing demand for security-related products. Fortinet’s FortiGate family of security products was already available on Amazon’s (AMZN) AWS cloud and Microsoft’s (MSFT) Azure cloud platform.
Growing cyber-terrorism threats have boosted Fortinet’s (FTNT) growth. The company continues to cater its security products to different customer segments. Furthermore, bundled product offerings also helped the company boost its ticket size.
These stocks have passed through a screen we ran to find those that are trading near their 52-week high levels and still have plenty of upside left.
The American segment of Fortinet (FTNT) contributes around 43% to the company’s total revenue. Geography-wise, the American region is the IT (information technology) hub, which leads to a huge demand for security products and services.
Fortinet’s (FTNT) Product segment, which contributes around 40% of the company’s total revenue, maintained stable business growth in the last five quarters. The growth in product revenues was mainly triggered by higher sales in high-end and mid-range product groups for large enterprise customers. The company’s high-end product categories continue to dominate the overall products for Fortinet.
Shares of Fortinet Inc. are down 0.9% in Wednesday trading after Morgan Stanley analysts downgraded the stock to equal-weight from overweight. "While Fortinet is not expensive at 14x CY19 FCF, we ...
Public cloud stocks have underperformed the broader market in recent years, and the market is only pricing in 5-percent topline growth through the end of the decade, according to an industrywide Morgan ...
The huge demand for security products has helped Fortinet (FTNT) maintain strong business growth. The graph above shows that the company’s total revenue has been in an uptrend for the last five quarters. During the period, Fortinet’s revenues have improved at a CAGR (compound annual growth rate) of 3.5%.
Higher demand for security across various industries has allowed Fortinet (FTNT) to maintain strong revenue growth. The growing threat of cyberterrorism has prompted many financial institutions to install the company’s security products. Service revenue includes business from the FortiGuard security subscription and FortiCare technical support services, as well as professional and training services.
SUNNYVALE, Calif., April 11, 2018--. John Maddison, senior vice president of Products and Solutions at Fortinet“ In 2016, we unveiled our technology vision of the Fortinet Security Fabric, which marked ...
SUNNYVALE, Calif., April 11, 2018--. John Maddison, senior vice president Products and Solutions, Fortinet“ As data center network speeds rapidly increase, security needs to seamlessly scale to match throughput ...
Fortinet (FTNT) maintained strong growth in billings driven by huge contract wins. Growing demand for security products across various industries coupled with a strong product lineup continue to act as tailwinds for billings for the company. During the period, Fortinet’s billings have risen at a CAGR (compounded annual growth rate) of 3.6%.
Fortinet’s (FTNT) cloud security service remains a potent force for the company’s business. It’s showing strong growth momentum driven by the ongoing digital transformation taking place across various industries to cloud computing. The company has already teamed up with some large cloud service providers like Microsoft (MSFT), Amazon (AMZN), Oracle (ORCL), and Google (GOOGL) to deliver its product.