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

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Stocktwits

GTA_Terminal Nov 9, 1:42 AM
Dark pool check on $FTNT: what traded off the exchanges in the latest session. That came on a day the stock dropped hard, so the question is whether big holders were buying the dip or heading for the exit. 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-technical-levels-options-flow-dark-pools-line-up-below-162?utm_source=stocktwits&utm_medium=social
0 replies
thatsolardude365 Nov 8, 7:39 PM
$FTNT appliances refreshed on a cycle, ai budgets refresh on a headline. seems like when the headline cycle slows, the box cycle stretches too, and deferred hardware is revenue that never comes back later
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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
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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
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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
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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