Raymond James downgraded Fortinet from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/8/2025 | $122.00 → $110.00 | Market Perform | BMO Capital Markets |
| 5/6/2025 | $95.00 | Hold → Sell | DZ Bank |
| 4/23/2025 | $103.00 | Neutral | Roth Capital |
| 4/1/2025 | $108.00 | Equal-Weight | Stephens |
| 3/18/2025 | Overweight | Morgan Stanley | |
| 2/26/2025 | Buy | Deutsche Bank | |
| 2/3/2025 | $105.00 → $112.00 | Outperform → Neutral | Robert W. Baird |
| 1/14/2025 | Outperform → Mkt Perform | Raymond James |
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
Highlights Total revenue of $1.54 billion, up 14% year over yearProduct revenue of $459 million, up 12% year over yearBillings of $1.60 billion, up 14% year over year1Unified SASE ARR2 up 26% and Security Operations ARR2 up 30%, year over yearRecord first quarter GAAP operating margin of 29%Record first quarter Non-GAAP operating margin of 34%1Record Cash flow from operations of $863 millionRecord Free cash flow of $783 million1 SUNNYVALE, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2025. "We are pleased to report
SUNNYVALE, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the FortiGate 700G series, a next-generation firewall (NGFW) purpose-built for the modern campus. Powered by Fortinet's proprietary Network Processor 7 (NP7), Security Processor 5 (SP5) ASIC, and FortiOS, Fortinet's unified operating system, the FortiGate 700G series delivers up to 7x higher firewall throughput, 4x better threat protection, and 7x lower power consumption than competitor offerings. With support for advanced networking, FortiGuard AI-Powered Security Services, and new FortiOS enhancements, including
Vodafone Business expands its converged networking and cybersecurity services powered by the Fortinet Unified SASE solution to new global markets.Vodafone Business has been also designated "Fortinet Global Partner" due to its expertise in designing, deploying, and managing secure connected enterprise solutions globally. LONDON and SUNNYVALE, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- News Summary Vodafone Business and Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced an expanded global partnership, extending the reach of their converged networking and cybersecurity services to additional countries across E
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
10-Q - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
DEFA14A - Fortinet, Inc. (0001262039) (Filer)
Highlights Total revenue of $1.54 billion, up 14% year over yearProduct revenue of $459 million, up 12% year over yearBillings of $1.60 billion, up 14% year over year1Unified SASE ARR2 up 26% and Security Operations ARR2 up 30%, year over yearRecord first quarter GAAP operating margin of 29%Record first quarter Non-GAAP operating margin of 34%1Record Cash flow from operations of $863 millionRecord Free cash flow of $783 million1 SUNNYVALE, Calif., May 07, 2025 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2025. "We are pleased to report
SUNNYVALE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- 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 first quarter 2025 financial results on Wednesday, May 7, 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 accessible fr
Fourth Quarter 2024 Highlights Total revenue of $1.66 billion, up 17% year over yearProduct revenue of $574 million, up 18% year over yearBillings of $2.00 billion, up 7% year over year1Record GAAP operating margin of 35% Record Non-GAAP operating margin of 39%1Unified SASE ARR2 up 28% and Security Operations ARR2 up 32%, year over yearRanked #7 on the Forbes Most Trusted Companies in America 2025 list, the only cybersecurity company in the top 50 Full Year 2024 Highlights Total revenue of $5.96 billion, up 12% year over yearService revenue of $4.05 billion, up 20% year over yearRecord GAAP operating margin of 30%Record Non-GAAP operating margin of 35%1Remaining performance obligati
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., 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
BMO Capital Markets reiterated coverage of Fortinet with a rating of Market Perform and set a new price target of $110.00 from $122.00 previously
DZ Bank downgraded Fortinet from Hold to Sell and set a new price target of $95.00
Roth Capital initiated coverage of Fortinet with a rating of Neutral and set a new price target of $103.00
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)