Fortinet Inc FTNT

$118.84 -3.67 (-3.00%)

Valuation

Market cap
87,312,944,000
Revenue TTM
$6,799,600,000
Net income TTM
$1,853,400,000
P/E (trailing)
39.39
P/E (forward)
38.20
Profit margin
27.26%
Debt to equity
0.32

Trading

Volume
8,027,400
Avg volume
4,883,266
Day's range
$118.62 – $126.46
Shares out
734,710,000
Stochastic %K
0%
Beta
1.04
Analysts
Hold
Price target
$147.67

Price

Company profile

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Sec...

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Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Industry
Software - Infrastructure
Sector
Technology
Phone
408 235 7700
Website
https://www.fortinet.com
Address
909 Kifer Road, Sunnyvale, United States

Latest news

Stocktwits

thatsolardude365 Nov 8, 3:00 PM
$FTNT a security renewal competes with the ai bill in the same meeting now. seems like when finance has to pick one, the must have label gets tested on both, and neither price survives untouched
0 replies
thatsolardude365 Nov 8, 1:08 PM
$FTNT q3 revenue $2,078.4 million and billings up 26% vs service revenue up 13%. seems like hardware pulled forward to feed the ai build bills faster than the steady service money that has to carry it later
0 replies
thatsolardude365 Nov 8, 9:48 AM
$FTNT consolidating security vendors to pay the ai bill sounds like savings until the renewal quote lands. seems like the vendor cut to fund ai becomes the vendor blamed when ai spend itself gets cut
0 replies
Equireason Nov 8, 8:08 AM
$FTNT weekend read: Q3 billings rose 29% to USD 2.34B while revenue rose 20% to USD 2.08B. Product revenue did the lifting, +37% to USD 765M. Billings running ahead of revenue means sold work still waiting to be recognized. The thing to watch is whether the Q4 billings guide of USD 2.775-2.925B holds once the firewall refresh cools.
0 replies
Backnox Nov 8, 7:48 AM
$FTNT beat Q3 earnings ($0.91 vs $0.86 EPS) but dropped ~22% after hours on slowing growth. AI security demand and record margins are strong, but the stock ran hard before the print. Bullish or bearish?
0 replies
thatsolardude365 Nov 8, 7:09 AM
$FTNT selling security for ai still needs a chief security budget that survives a cost review. seems like when ai spend itself gets cut, the guardrails bought for it get cut in the same meeting
0 replies
GTA_Terminal Nov 8, 6:50 AM
$FTNT Options Flow Leans to Puts: A Smart-Money Check on the Stock. It's down about 13% from a week ago, at its lowest level in a month. Look up any stock's options flow and dark pools on the GTA Terminal, free for 7 days: https://globaltradersacademy.com/start-trial?a=stocktwits&sym=FTNT&utm_source=stocktwits&utm_medium=social&utm_campaign=trial&utm_content=FTNT Read the full article for the full details: https://globaltradersacademy.com/articles/fortinet-ftnt-options-flow-turns-bearish-a-smart-money-check-on-the-stock?utm_source=stocktwits&utm_medium=social
0 replies
thatsolardude365 Nov 8, 5:58 AM
$FTNT service revenue up 13% while billings rose 26% last quarter. seems like selling the box is easier than keeping the service paid, and in a capex scare the recurring part gets tested first
0 replies