|Bid||81.75 x 800|
|Ask||81.80 x 1000|
|Day's Range||81.53 - 82.60|
|52 Week Range||58.10 - 96.96|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||40.66|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||92.08|
The Standard & Poor's 500 index—commonly called the S&P 500, or simply the S&P—is the primary gauge of the large-cap U.S. equities market. It is based on the market capitalization figures of the top 500 companies that list their common stock on the NYSE or NASDAQ. Based on available historical data, the S&P has generated an average annual return of around 9.8% from 1928 through 2016.
Fortinet® (FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced the findings of its latest quarterly Global Threat Landscape Report. The research reveals that cybercriminals continue to evolve the sophistication of their attack methods, from tailored ransomware and custom coding for some attacks, to living-off-the-land (LoTL) or sharing infrastructure to maximize their opportunities.
These top information technology (IT) stocks have outperformed the rest amid a period of heightened volatility in the tech sector for 2018.
Zacks.com featured highlights include: IAC/InterActiveCorp, Tactile Systems Technology, Martin Marietta Materials, Fortinet and Intuit
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
SUNNYVALE, Calif. and BOGOTÁ, Colombia, May 13, 2019 -- Phil Quade, CISO at Fortinet“I look forward to collaborating with global leaders to deliver a response to the.
How Have Cybersecurity Stocks Been Performing Recently?(Continued from Prior Part)Stock returnsFortinet is one of the major players in the cybersecurity space. Fortinet (FTNT) has gained just over 2% since the start of April 2019. The stock though
Fortinet Inc NASDAQ/NGS:FTNTView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FTNT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.16 billion over the last one-month into ETFs that hold FTNT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
These Tech Stocks Lost Big on May 3(Continued from Prior Part)Stock returnsFortinet (FTNT) fell 6% on May 3 to close trading at $85.96. The stock has now declined 8% this month. Fortinet’s stock though has still returned 22% in 2019 despite the
Symantec's (SYMC) fiscal Q4 results may benefit from improvement in Enterprise Security segment. However, decline in the Consumer business is a concern.
“For years Fortinet has been committed to closing the cybersecurity skills gap through our training and education initiatives. The Fortinet Network Security Academy program partners with academic institutions, non-profits and veteran programs to equip participants with the skills necessary for a career in cybersecurity. SUNNYVALE, Calif., May 06, 2019 (GLOBE NEWSWIRE) -- Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, today announced new additions to its Fortinet Network Security Academy (FNSA) program, including The Institute of Technical Education (ITE) in Singapore, NTUC LearningHub in Singapore and Faculdade de Tecnologia FIAP in Brazil.
Citi Research analyst Walter Pritchard downgraded shares of cybersecurity company Fortinet Inc. to sell from neutral on Friday after the company beat earnings expectations with its first-quarter report a day earlier. Pritchard worries if the company is pursuing the wrong strategy given industry trends. "Fortinet is doubling down on integrating security with network, and network products have helped drive incremental product growth over the last 18 months," he wrote. This strategy is more in line with Cisco Systems Inc.'s strengths, he said, but even Cisco's success with it has been "underwhelming," in his view. "We contrast strategy with peers Palo Alto Networks and, more recently Check Point Software Technologies , focused on maintaining relevance as customers look to secure cloud, where Fortinet lags," he wrote. Pritchard also saw "weak product trends" in the first quarter and said that this is the area of the business where problems would normally show up first. He cut his target price to $78 from $84 in conjunction with the downgrade. Fortinet shares are down 6.5% in Friday trading, though several other analysts raised their price targets. The stock has gained 21% so far this year, as the S&P 500 has risen 17%.
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Shares of cybersecurity company Fortinet Inc. are down more than 7% in Friday morning trading, after the company reported an earnings beat but delivered in-line sales in its March-quarter report. William Blair analyst Jonathan Ho said that the company's revised forecast might have been more conservative than analysts had been projecting, but he said that such conservatism is typical toward the beginning of the fiscal year. Ho rates the stock at outperform. Other analysts hiked their price targets, including Wedbush's Daniel Ives, who raised his target to $105 from $100. "In our view, the company's shift to more of a platform story over the next few years is a linchpin that materially broadens its opportunity set and should allow for growth to sustain for a longer period especially with 5G around the corner as another potential catalyst," he wrote. Ives rates the stock at outperform. Piper Jaffray's Andrew Nowinski increased his target to $100 from $92, writing that Fortinet's raised outlook for the full year suggests that the company "continues to gain momentum and is capturing market share." He has an overweight rating on shares, which have gained 20% so far this year, as the S&P 500 has risen 17%.
Dow Jones futures: The current stock market rally awaits the April jobs report. Acacia, Arista Networks, Shake Shack, Planet Fitness, MercadoLibre and Fortinet were earnings movers overnight.
Fortinet earnings and revenue for the first quarter beat estimates, but its June-quarter outlook only met Wall Street targets. Fortinet stock fell in late action after the close Thursday.