Date | Price Target | Rating | Analyst |
---|---|---|---|
8/8/2024 | $65.00 | Sell → Hold | DZ Bank |
8/7/2024 | $59.00 | Reduce → Hold | HSBC Securities |
7/29/2024 | Buy → Neutral | Guggenheim | |
7/18/2024 | $75.00 | Hold → Buy | TD Cowen |
2/13/2024 | $75.00 | Neutral → Outperform | Daiwa Securities |
2/8/2024 | Hold → Sell | DZ Bank | |
2/7/2024 | $57.00 | Hold → Reduce | HSBC Securities |
1/18/2024 | $65.00 | Mkt Perform | Bernstein |
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
CHICAGO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- John Whittle, Chief Operating Officer at Fortinet "Our investment in Chicago reflects Fortinet's long-term commitment to delivering top-tier solutions and support for our enterprise customers across the United States and globally, always with a ‘built to last' approach in mind. As we roll out new Innovation Hubs in strategic locations throughout 2025 and beyond, we will continue to enhance our infrastructure and innovation to provide unmatched experiences and solutions to protect our customers around the world." News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today a
SUNNYVALE, Calif., Aug. 27, 2024 (GLOBE NEWSWIRE) -- John Maddison, Chief Marketing Officer at Fortinet "Many vendors today are packaging up fragmented SASE capabilities and calling it ‘unified SASE.' Fortinet is the only vendor with a unified SASE solution united by one data lake, one operating system, and AI-driven security that also offers customers unparalleled deployment flexibility. Not only are we offering a truly integrated solution, but we're also adding more flexibility and simplicity with the introduction of sovereign SASE and new generative AI features." News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, t
SUNNYVALE, Calif., Aug. 20, 2024 (GLOBE NEWSWIRE) -- News SummaryJuventus Football Club and Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, have signed a sponsorship agreement through which Fortinet becomes the new Official Cybersecurity Partner for the next two seasons, through 2026. Juventus has also chosen Fortinet's industry-leading Security Fabric platform to reduce complexity and streamline the identification and resolution of network and security issues across the club's facilities. Home to Juventus football and its fans, Allianz Stadium has been a leader in sustainability and serves as one of the premier entertainm
Record quarterly GAAP and Non-GAAP operating margins Raises 2024 revenue and Non-GAAP operating margin guidanceContinuing to invest in the fast-growing Unified SASE and Security Operations markets Second Quarter 2024 Highlights Total revenue of $1.43 billion, up 11% year over yearService revenue of $982 million, up 20% year over yearRecord GAAP operating margin of 30.5%Record Non-GAAP operating margin of 35.1%1Cash flow from operations of $342 million SUNNYVALE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the second quarter ended June 30, 2024.
SUNNYVALE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has completed the acquisition of Lacework, a cloud security and cloud-native application protection platform (CNAPP) trailblazer, effective August 1, 2024. "The addition of Lacework aligns with Fortinet's commitment to protect our customers with innovative solutions that provide consistent security across on-premises and cloud environments," said Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet. "Integrating Lacework's organically developed cloud-native platform with the Forti
SUNNYVALE, Calif., July 02, 2024 (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 second quarter 2024 financial results on Tuesday, August 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Fortinet's financial results conference call will be broadcast live in listen-only mode on the company's investor relations website at http://investor.fortinet.com. While not required, it is recommended that you join at least 10 minutes prior to the event start. The CEO and CFO's prepared remarks, supplemental slides and a call replay will be a
DZ Bank upgraded Fortinet from Sell to Hold and set a new price target of $65.00
HSBC Securities upgraded Fortinet from Reduce to Hold and set a new price target of $59.00
Guggenheim downgraded Fortinet from Buy to Neutral
8-K/A - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
8-K/A - Fortinet, Inc. (0001262039) (Filer)
Fortinet's (NYSE:FTNT) short percent of float has risen 12.83% since its last report. The company recently reported that it has 16.06 million shares sold short, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.2 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is i
The drive for consolidation is evident: with cybersecurity threats becoming more frequent and severe, companies and governments are compelled to bolster their defenses. As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth and transformation. Google’s acquisition of Wiz is a major step in this direction, heralding a future where cybersecurity giants dominate the field, offering more robust and integrated protection solutions. Google’s Wiz Acquisition Could Trigger A Consolidation Wave Google parent Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) $23 billion acquisition of Wiz is shaking up the cybersecurity landsc
CrowdStrike Holdings, Inc.’s (NASDAQ:CRWD) pain has become a gain for its cybersecurity peers and the latter as a group are seen advancing strongly in premarket trading on Friday. Microsoft Corp. (NASDAQ:MSFT) properties experienced a significant outage, causing disruptions for banks, airlines, media companies, and emergency services worldwide. The outage was reportedly caused by an update from CrowdStrike. CrowdStrike’s CEO George Kurtz informed via social-media platform X that the issue has been identified and a fix has been deployed. “This is not a security incident or cyberattack,” he clarified. CrowdStrike is actively working with customers impacted by a defect found in a single
SUNNYVALE, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that KDDI leveraged Fortinet Unified SASE as a new managed secure access service edge (SASE) service. The service from KDDI utilizes Fortinet's industry-leading Unified SASE solution as the core product for its Global SASE Platform Service by Fortinet offering. The Global SASE Platform Service by Fortinet unifies and centrally manages different security policies and standards, simplifying complex networks that require highly secure hybrid work environments from any location globally. In addition, by
SUNNYVALE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- RSA Conference 2024 Jim Richberg, Head of Cyber Policy and Global Field CISO at Fortinet "At Fortinet, we have a long-standing commitment to being a role model in ethical and responsible product development and vulnerability disclosure. As part of this dedication, Fortinet has proactively aligned to international and industry best practices and upholds the highest security standards in every aspect of our business. We applaud CISA's continued call to the industry to follow suit and appreciate CISA's willingness to collaborate with Fortinet on the development of these important goals. We strongly encourage others in the technology communi