Fortinet upgraded by HSBC Securities with a new price target
$FTNT
Computer peripheral equipment
Technology
HSBC Securities upgraded Fortinet from Hold to Buy and set a new price target of $111.00 from $83.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/14/2025 | Outperform → Mkt Perform | Raymond James | |
| 1/6/2025 | $100.00 → $120.00 | Neutral → Overweight | Piper Sandler |
| 12/19/2024 | $115.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 11/19/2024 | $88.00 → $100.00 | Market Perform | BMO Capital Markets |
| 11/11/2024 | $83.00 → $111.00 | Hold → Buy | HSBC Securities |
| 10/17/2024 | $68.00 | Neutral → Underperform | Mizuho |
| 8/8/2024 | $65.00 | Sell → Hold | DZ Bank |
| 8/7/2024 | $59.00 | Reduce → Hold | HSBC Securities |
8-K - Fortinet, Inc. (0001262039) (Filer)
10-Q - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
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
Raymond James downgraded Fortinet from Outperform to Mkt Perform
Piper Sandler upgraded Fortinet from Neutral to Overweight and set a new price target of $120.00 from $100.00 previously
KeyBanc Capital Markets upgraded Fortinet from Sector Weight to Overweight and set a new price target of $115.00
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
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). 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
Highlights Total revenue up 13% year over year; service revenue up 19% year over yearBillings1 and product revenue returns to growthStrong billings growth in Unified SASE and Security OperationsRecord GAAP operating margin of 31.2%Record Non-GAAP operating margin of 36.1%1Cash flow from operations of $608 million; Free cash flow of $572 million1Raising 2024 revenue and non-GAAP operating margin guidanceShare repurchase authorization increased by $1 billion; remaining authorization of $2 billion SUNNYVALE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results fo
SUNNYVALE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) -- News SummaryFortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its third quarter 2024 financial results on Thursday, November 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
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)
SUNNYVALE, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the Pittsburgh Steelers have deepened their use of the Fortinet Security Fabric platform to provide efficient and secure connectivity across all network segments, including corporate and football operations, merchandising and digital commerce, ticket operations, and public and private internet access. They also signed an agreement recognizing Fortinet as a "Proud Partner" for the 2024–2025 season. The Steelers are one of the oldest and most decorated American football teams and have been a Fortinet
SUNNYVALE, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- John Whittle, Chief Operating Officer at Fortinet"Building on our longstanding and multi-faceted partnership with the World Economic Forum, Fortinet will join heads of state, other private-sector leaders, and prominent voices from civil society and academia at this year's Annual Meeting to collectively help address key global and regional challenges. Together we aim to shape global efforts that prioritize safety, sustainability, and progress for all. As a leader in cybersecurity, we understand the critical role that securing the digital world plays in achieving these goals and look forward to making meaningful contributions that benefi
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). 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