|Bid||65.47 x 800|
|Ask||65.57 x 36200|
|Day's Range||64.73 - 65.68|
|52 Week Range||35.44 - 66.27|
|PE Ratio (TTM)||183.86|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.85|
Fortinet (FTNT) is seeing solid earnings estimate revision and has a favorable Zacks rank, making it well positioned for future earnings growth.
“Tackling cybercrime cannot be resolved unilaterally by law enforcement alone, but is a joint responsibility which requires trusted relationships with the private sector. Law enforcement, in particular, can also be hampered by the fact that cybercrime often crosses political and jurisdictional boundaries. Actionable threat intelligence with global visibility is the best way to move from being reactive to proactive in a world where cybercrime has no borders.
Tech giant IBM (IBM) has strengthened its partnership with popular cybersecurity provider Fortinet (FTNT). Both companies are expected to work jointly on IBM’s X-Force Threat Management Service, offering IBM clients Fortinet Security Fabric and IBM’s security capabilities to help detect and avoid advanced cyber threats.
Let's check out the reasons for the impressive surge in Fortinet's (FTNT) share price and consider why the company will continue its momentum in the near term as well.
Like many of its Silicon Valley compatriots, if Fortinet Inc (NASDAQ:FTNT) was a person, it wouldn’t be old enough to buy a beer yet. Started in Y2k, FTNT is a cybersecurity firm that focuses on network security for enterprises, service providers and government entities.
In the last five years, Symantec (SYMC) has returned ~$7.7 billion to its investors through dividends and share repurchases of ~$1.5 billion. From the chart below, we can see the company’s total capital returns in the last five years. At the end of fiscal 2018, Symantec returned ~$211.0 million in capital to its investors through buybacks and dividend payments. In fiscal 2018, Symantec paid $211.0 million in dividends compared with $222.0 million paid in fiscal 2017.
On May 28, Symantec’s (SYMC) market capitalization stood at ~$13.1 billion. The market cap levels of its security service peers Fortinet (FTNT), Palo Alto Networks (PANW), and FireEye (FEYE) stood at ~$10.2 billion, ~$19.2 billion, and ~$3.2 billion, respectively.
LONDON, UK / ACCESSWIRE / June 6, 2018 / If you want a free Stock Review on FSCT sign up now at www.wallstequities.com/registration. This Wednesday, WallStEquities.com has initiated reports coverage on the following Application Software equities: ForeScout Technologies Inc. (NASDAQ: FSCT), Fortinet Inc. (NASDAQ: FTNT), Gridsum Holding Inc. (NASDAQ: GSUM), and Inpixon (NASDAQ: INPX).
LONDON, UK / ACCESSWIRE / June 6, 2018 / If you want access to our free earnings report on Fortinet, Inc. (NASDAQ: FTNT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FTNT. The Company reported its first quarter fiscal 2018 operating and financial results on May 03, 2018. The network security Company reported better than expected revenue and earnings.
Symantec (SYMC) has reported improvement in its billings growth in the last five quarters, triggered by the acquisition of Blue Coat Systems and LifeLock. These acquisitions are driving the company’s enterprise security billings. The company enjoyed strong billings growth in its Enterprise Security and Consumer Digital Safety segments.
NATIONAL HARBOR, Md., June 05, 2018-- Gartner Security & Risk Management Summit 2018. John Maddison, senior vice president of products and solutions, Fortinet“ With a staggering 48 percent of data breaches ...
Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78. The stock is currently trading at $21.02, which is 11.5% higher than its 52-week low of $18.85 and 39% lower than its 52-week high of $34.20. Symantec has generated a return of -31% in the last 12 months after rising almost 19% in 2017.
SUNNYVALE, Calif., June 04, 2018--. Ken Xie, founder, chairman of the board and chief executive officer, Fortinet“ As large organizations continue to see high growth in network traffic and the number of ...
Symantec (SYMC) has maintained strong operating margin growth in the last five quarters, fueled by two large acquisitions made in fiscal 2017. The acquisition of Blue Coat Systems and LifeLock drove the company’s Consumer Digital Safety business and generated cost synergies of more than $400.0 million in the last two years. The company’s strong cost synergies have been reflected in its operating margins.
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
SUNNYVALE, Calif., May 30, 2018-- Stephan Tallent, senior director, managed security service providers at Fortinet. “There are three key forces driving the growth of managed security services; complexity, ...
Similarly, the market caps of other cybersecurity service providers Palo Alto Networks (PANW) and Fortinet (FTNT) came in at $18.4 billion and $9.9 billion, respectively. In the graph above, we can see a comparison of the market caps of FireEye, Palo Alto Networks, and Fortinet. On May 15, FireEye was trading at a forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of ~35.31x.
As of May 15, 30 analysts from different brokerage companies have provided ratings on FireEye (FEYE) stock. Of these analysts, 43% have given FEYE “buy” ratings, whereas almost 57% have given it “hold” ratings.
Popular intelligence-based cybersecurity operator FireEye (FEYE) continues to boost its Email Security capabilities driven by deep learning, artificial intelligence, and analytics. As per Ken Bagnall, the vice president of Email Security product management at FireEye, “Email remains one of the most challenging entry points for organizations to defend as attackers shift and develop new techniques to evade defenses.” With that in mind, FireEye Email Security is built to safeguard its users from different types of email-related cyber attacks, from commodity malware to the most sophisticated threats.
FireEye (FEYE) continues to win high-value contracts driven by the growing popularity of its innovative products and services. FireEye is also benefiting from higher IT spending across industries. Growing threats of cyberterrorism across both industries and government organizations have helped the security service provider to witness strong growth in its customer order size.