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 6,823 funds
0
Analysts bullish %
of 25 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]
71% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 93
25% more capital invested
Capital invested by funds: $31.3B [Q2] → $39B (+$7.72B) [Q3]
12% more repeat investments, than reductions
Existing positions increased: 425 | Existing positions reduced: 379
5% more funds holding
Funds holding: 1,047 [Q2] → 1,100 (+53) [Q3]
2.5% less ownership
Funds ownership: 67.96% [Q2] → 65.46% (-2.5%) [Q3]
24% less call options, than puts
Call options by funds: $638M | Put options by funds: $839M
Research analyst outlook
25 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$78
20%
downside
Avg. target
$101
4%
upside
High target
$120
23%
upside
25 analyst ratings
12 positive
48%
12 neutral
48%
1 negative
4%
Scotiabank Patrick Colville 48% 1-year accuracy 20 / 42 met price target | 18%upside $115 | Sector Outperform Maintained | 21 Jan 2025 |
Citigroup Fatima Boolani 63% 1-year accuracy 19 / 30 met price target | 4%upside $101 | Neutral Maintained | 17 Jan 2025 |
Piper Sandler Rob Owens 63% 1-year accuracy 17 / 27 met price target | 23%upside $120 | Overweight Upgraded | 6 Jan 2025 |
Goldman Sachs Gabriela Borges 61% 1-year accuracy 17 / 28 met price target | 17%upside $114 | Buy Maintained | 2 Jan 2025 |
Jefferies Joseph Gallo 54% 1-year accuracy 7 / 13 met price target | 8%upside $105 | Hold Maintained | 19 Dec 2024 |
Financial journalist opinion
Based on 17 articles about FTNT published over the past 30 days
Neutral
Schwab Network
10 hours ago
Cybersecurity's Outlook & TikTok's "Double-Edged Sword"
With Donald Trump officially in office, Dr. Chris Pierson expects to see less oversight on cybersecurity in the private sector and instead place a greater emphasis in Federal agencies. Mike Marcotte agrees but hopes to see more people knowledgeable in the space take more leadership roles in Federal government.
Neutral
The Motley Fool
2 days ago
Prediction: 1 Stock That Will Be Worth More Than Palo Alto Networks 1 Year From Now
Palo Alto Networks (PANW -0.03%) has been a great stock for growth investors. Over the past five years, the cybersecurity stock more than quadrupled even as the pandemic, geopolitical conflicts, inflation, and rising interest rates rattled the markets.
Neutral
Zacks Investment Research
1 week ago
Fortinet (FTNT) Stock Drops Despite Market Gains: Important Facts to Note
Fortinet (FTNT) closed at $93.83 in the latest trading session, marking a -0.77% move from the prior day.
Positive
Zacks Investment Research
1 week ago
Fortinet Partners With Steelers: Time to Add This Security Leader?
FTNT's Steelers deal shows enterprise strength, but rich valuation calls for patience. As growth plans unfold, watch for entry points in 2025.
Positive
Investors Business Daily
1 week ago
AI Leader Hits Highs As Data Centers Seek Fortresslike Security Against Breaches
A leader in cybersecurity artificial intelligence, Fortinet stock hit an all-time high and is near a buy point of 100.59 from a flat base. The post AI Leader Hits Highs As Data Centers Seek Fortresslike Security Against Breaches appeared first on Investor's Business Daily.
Positive
The Motley Fool
1 week ago
2 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
Buying and holding solid companies for the long run is a tried and tested way of making money in the stock market, and that's not surprising as it allows investors to benefit from the power of compounding and also enables them to capitalize on secular growth trends in various industries.
Positive
Zacks Investment Research
2 weeks ago
Will Fortinet (FTNT) Beat Estimates Again in Its Next Earnings Report?
Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
2 weeks ago
Fortinet, Inc. (FTNT) Hits Fresh High: Is There Still Room to Run?
Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Positive
MarketBeat
2 weeks ago
Analysts' Favorite Cybersecurity Stocks: 3 Top Picks
Cybersecurity is a hot topic with the pace of attacks growing, the costs multiplying, and opportunities abundant for cybersecurity companies. Estimated to triple by 2027, the cybersecurity market will top $10.50 trillion, with much spending concentrated on a few names.
Neutral
GlobeNewsWire
2 weeks ago
Fortinet to Announce Fourth Quarter and Full Year 2024 Financial Results
SUNNYVALE, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
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