Fortinet downgraded by Morgan Stanley with a new price target
$FTNT
Computer peripheral equipment
Technology
Morgan Stanley downgraded Fortinet from Equal-Weight to Underweight and set a new price target of $67.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/2/2025 | $67.00 | Equal-Weight → Underweight | Morgan Stanley |
| 8/14/2025 | Buy → Hold | Erste Group | |
| 8/8/2025 | $85.00 | Hold → Buy | DZ Bank |
| 8/7/2025 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 8/7/2025 | $90.00 | Overweight → Neutral | Piper Sandler |
| 8/7/2025 | $78.00 | Overweight → Equal-Weight | Morgan Stanley |
| 8/7/2025 | $105.00 | Buy → Hold | TD Cowen |
| 8/7/2025 | $85.00 | Buy → Neutral | Rosenblatt |
8-K - Fortinet, Inc. (0001262039) (Filer)
10-Q - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
SUNNYVALE, Calif., Aug. 27, 2025 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Hybrid Mesh Firewall (HMF) and was positioned highest for Ability to Execute. As a Leader in the inaugural Gartner Magic Quadrant for Hybrid Mesh Firewall, Fortinet is now recognized in 12 Gartner Magic Quadrant reports. Powered by custom-built ASICs for accelerated performance, and FortiOS, a single operating system unifying hardware and virtual deployments, Fortinet solutions comprise a truly converged networking and security
SUNNYVALE, Calif. and DAYTONA BEACH, Fla., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The LPGA Tour and Fortinet, Inc. (NASDAQ:FTNT) today announced a multiyear deal where Fortinet, the global cybersecurity leader driving the convergence of networking and security, will be the title partner of the Founders Cup. The 2026 event will be played March 19-22 with a $3 million purse, up from $2 million in 2025. "We're fired up to welcome Fortinet as the title partner of the Founders Cup and grateful for their commitment to elevating this historic event," said LPGA Commissioner Craig Kessler. "The Founders Cup is about honoring the 13 women who built the LPGA from the ground up, and there's no better stag
SUNNYVALE, Calif., Aug. 20, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that Tepper Sports & Entertainment (TSE), which owns and operates the NFL's Carolina Panthers, MLS's Charlotte FC, and Bank of America Stadium, has deployed Fortinet's Unified SASE and other Security Fabric solutions to strengthen cybersecurity, simplify operations, and enable secure access for users across stadiums, offices, and remote environments. "With Fortinet Unified SASE, we have significantly increased our security without adding extra work and inefficiencies for the support team," said Rob
Morgan Stanley downgraded Fortinet from Equal-Weight to Underweight and set a new price target of $67.00
Erste Group downgraded Fortinet from Buy to Hold
DZ Bank upgraded Fortinet from Hold to Buy and set a new price target of $85.00
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)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SUNNYVALE, Calif. and DAYTONA BEACH, Fla., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The LPGA Tour and Fortinet, Inc. (NASDAQ:FTNT) today announced a multiyear deal where Fortinet, the global cybersecurity leader driving the convergence of networking and security, will be the title partner of the Founders Cup. The 2026 event will be played March 19-22 with a $3 million purse, up from $2 million in 2025. "We're fired up to welcome Fortinet as the title partner of the Founders Cup and grateful for their commitment to elevating this historic event," said LPGA Commissioner Craig Kessler. "The Founders Cup is about honoring the 13 women who built the LPGA from the ground up, and there's no better stag
SUNNYVALE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the addition of Janet Napolitano to the company's board of directors, adding further national security and public policy expertise to the board. Appointing Janet to the board of directors builds on Fortinet's ongoing commitment to advancing cybersecurity for society at large through its product development principles and strategic partnerships. Janet will help advance Fortinet's public and private sector initiatives, advise on the company's ongoing efforts related to CISA's Secure by Design Pledge, and strengthen
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., Aug. 15, 2025 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that Ken Xie, Founder, Chairman and Chief Executive Officer, and Christiane Ohlgart, Chief Financial Officer, will participate in a virtual fireside chat hosted by Goldman Sachs on Monday, August 25, 2025 at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time). A live webcast of the conference call will be accessible from the Investor Relations page of Fortinet's website at https://investor.fortinet.com and a replay will be archived and accessible at https://investor.fortinet.com/events-and-presentation
Highlights Revenue grew 14% year over year to $1.63 billion Billings grew 15% year over year to $1.78 billion1Unified SASE ARR up 22% and Security Operations ARR up 35%, year over year2GAAP operating margin of 28%Non-GAAP operating margin of 33%1Raised 2025 full year billings guidance midpoint by $100 million SUNNYVALE, Calif., Aug. 06, 2025 (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, 2025. "Our strong second quarter performance and consistent track record of growth are a direct result of our continued innovation and customer-fi
SUNNYVALE, Calif., July 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 second quarter 2025 financial results on Wednesday, 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 w