FortinetFTNT
FTNT
About: Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
Employees: 13,986
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 24 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
91% more funds holding in top 10
Funds holding in top 10: 11 [Q2] → 21 (+10) [Q3]
50% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 107
24% more capital invested
Capital invested by funds: $31B [Q2] → $38.5B (+$7.5B) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 379
5% more funds holding
Funds holding: 1,045 [Q2] → 1,098 (+53) [Q3]
2.75% less ownership
Funds ownership: 67.4% [Q2] → 64.65% (-2.75%) [Q3]
21% less call options, than puts
Call options by funds: $615M | Put options by funds: $782M
Research analyst outlook
24 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$78
20%
downside
Avg. target
$99
2%
upside
High target
$115
18%
upside
24 analyst ratings
11 positive
46%
12 neutral
50%
1 negative
4%
Jefferies Joseph Gallo 69% 1-year accuracy 9 / 13 met price target | 8%upside $105 | Hold Maintained | 19 Dec 2024 |
Keybanc Eric Heath 70% 1-year accuracy 21 / 30 met price target | 18%upside $115 | Overweight Upgraded | 19 Dec 2024 |
Stifel Adam Borg 82% 1-year accuracy 23 / 28 met price target | 6%upside $103 | Hold Maintained | 18 Dec 2024 |
JP Morgan Brian Essex 61% 1-year accuracy 17 / 28 met price target | 8%upside $105 | Neutral Maintained | 16 Dec 2024 |
Mizuho Gregg Moskowitz 59% 1-year accuracy 30 / 51 met price target | 20%downside $78 | Underperform Maintained | 13 Dec 2024 |
Financial journalist opinion
Based on 24 articles about FTNT published over the past 30 days
Neutral
Zacks Investment Research
2 days ago
Fortinet (FTNT) Rises As Market Takes a Dip: Key Facts
Fortinet (FTNT) reachead $94.85 at the closing of the latest trading day, reflecting a +1.6% change compared to its last close.
Positive
Investors Business Daily
2 days ago
Firewall Leader Soars 60% Wearing Two AI Hats; Strong Sales Outlook Gives Boost
Firewall and cybersecurity tools provider Fortinet is near an all-time high and buy point. Shares have rallied 60% this year.
Positive
Seeking Alpha
2 days ago
Fortinet: Solid Growth But Overvalued After Recent Run
Fortinet is a leading cybersecurity firm with strong fundamentals. The company will benefit from secular global market growth. Despite excellent performance and profitability, Fortinet's valuation appears slightly overvalued, suggesting potential investors should wait for better entry opportunities in the $50-$60 range. The competitive cybersecurity market and high valuation risks could impact Fortinet's future growth and returns, making it a HOLD for now.
Positive
Barrons
2 days ago
Okta and Fortinet Stocks Catch Upgrades. Why This AI Name Was Downgraded.
Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc.
Positive
Zacks Investment Research
5 days ago
3 Reasons Why Growth Investors Shouldn't Overlook Fortinet (FTNT)
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Negative
Zacks Investment Research
5 days ago
4 Cybersecurity Leaders to Add to Your Portfolio Before 2025 Kicks Off
Here, we have picked four stocks, FTNT, ZS, QLYS and OKTA, strategically positioned to ride the waves of a challenging security landscape in 2025.
Positive
Zacks Investment Research
5 days ago
5 Must-Buy Internet Software Stocks Now to Hold for Long Term
Five interest software stocks have strong growth potential for 2025. These are: FTNT, TWLO, MNDY, TOST, OLO.
Positive
Investors Business Daily
1 week ago
S&P 500 Banking Giant Leads Five Stocks To Watch Amid Market Rally
Goldman Sachs and Fortinet are among the stocks investors should keep tabs on as the stock market rally holds up. The post S&P 500 Banking Giant Leads Five Stocks To Watch Amid Market Rally appeared first on Investor's Business Daily.
Positive
Seeking Alpha
1 week ago
Fortinet: Cybersecurity Could Be A Critical Theme In 2025 And I Am Still Bullish
Shares of Fortinet (FTNT) have surged over 65% YTD, driven by strong revenue growth and breaking out to new all-time highs. I remain bullish on FTNT due to its undervaluation, robust cybersecurity solutions, and projected double-digit revenue growth amid the A.I. revolution. Despite risks like technological advancements and economic downturns, FTNT's profitability metrics and market positioning make it a compelling investment.
Positive
Zacks Investment Research
1 week ago
4 AI Powerhouses Set to Dominate 2025 - Are You In?
From chips to security to data analytics to computing power, FTNT, TSM, PLTR and NVDA form the complete AI ecosystem and are poised to dominate the tech landscape in 2025.
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