Fortinet Inc (FTNT)

FTNT (NASDAQ:Computer Software & Services) EQUITY
$35.93
neg -0.37
-1.02%
Today's Range: 35.82 - 36.37 | FTNT Avg Daily Volume: 1,482,600
Last Update: 09/29/16 - 4:00 PM EDT
Volume: 1,045,034
YTD Performance: 16.46%
Open: $36.16
Previous Close: $36.30
52 Week Range: $23.16 - $50.31
Oustanding Shares: 172,687,823
Market Cap: 6,232,303,532
6-Month Chart
TheStreet Ratings Grade for FTNT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 10 9 9 10
Moderate Buy 2 2 2 2
Hold 7 7 7 7
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.84 1.89 1.89 1.84
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 902.25
Price Earnings Comparisons:
FTNT Sector Avg. S&P 500
902.25 0.00 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
20.48% -15.25% 78.12%
GROWTH 12 Mo 3 Yr CAGR
Revenue 31.00 0.90 0.23
Net Income -68.50 -0.90 -0.50
EPS -66.70 -0.90 -0.50
Earnings for FTNT:
EBITDA 0.06B
Revenue 1.01B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.05 $0.14 $0.22 $0.31
Number of Analysts 3 3 3 3
High Estimate $0.07 $0.16 $0.24 $0.42
Low Estimate $0.04 $0.12 $0.19 $0.20
Prior Year $0.04 $0.03 $0.14 $0.22
Growth Rate (Year over Year) 33.33% 377.78% 57.14% 39.39%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Without a close above $38, expect a slow decline back down to support at $30.
Bullish
Aug 30, 2016 | 7:02 AM EDT
FTNT was upgraded to Overweight, Pacific Crest said. $47 price target. Management is focused on enhancing profitability.
AAP added 300 shares to its position, with SBUX now representing 3.3% of the trust's holdings.
These stocks are displaying nice reversals after putting in a bottom.
The chart of FTNT has promise, but watch for a retest of the 50-day moving average before committing. 
Often overlooked, Fortinet's fundamentals are among the strongest in the cybersecurity space. 

Intermediate Trade: Fortinet Real Money Pro($)

Try a June straddle to take advantage of upside on this name.
And the market cap is probably overstated.
Bearish
Jan 26, 2016 | 6:56 AM EST
FTNT was downgraded from Buy to Hold, Deutsche Bank said. $34 price target. Checks suggest the fourth quarter was softer than expected....
Bearish
Jan 20, 2016 | 7:04 AM EST
FTNT was downgraded from Overweight to Neutral, Piper Jaffray said. $30 price target. Waning demand will likely pressure margins. ...

Columnist Conversations

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Not pretty, but former net/net (and current double-net) up 15% yesterday on 2 1/2 times normal average volume ...

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Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.