Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was founded in 2000 and is headquartered in Sunnyvale, California.
IPO Year: 2009
Exchange: NASDAQ
Website: fortinet.com
| 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 |
| 7/29/2024 | Buy → Neutral | Guggenheim | |
| 7/18/2024 | $75.00 | Hold → Buy | TD Cowen |
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., 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
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G/A - Fortinet, Inc. (0001262039) (Subject)
SC 13G - 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)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
4 - Fortinet, Inc. (0001262039) (Issuer)
8-K - Fortinet, Inc. (0001262039) (Filer)
10-Q - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
8-K/A - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
8-K/A - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
SD - Fortinet, Inc. (0001262039) (Filer)
10-Q - Fortinet, Inc. (0001262039) (Filer)
8-K - Fortinet, Inc. (0001262039) (Filer)
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
BMO Capital Markets reiterated coverage of Fortinet with a rating of Market Perform and set a new price target of $100.00 from $88.00 previously
HSBC Securities upgraded Fortinet from Hold to Buy and set a new price target of $111.00 from $83.00 previously
Mizuho downgraded Fortinet from Neutral to Underperform and set a new price target of $68.00
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
TD Cowen upgraded Fortinet from Hold to Buy and set a new price target of $75.00
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
SUNNYVALE, Calif., Dec. 04, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced its Security Service Edge (SSE) offering, FortiSASE, received a "AAA" rating from CyberRatings.org, the industry's only independent third-party cybersecurity testing nonprofit. "SSE is growing in importance as more organizations embrace Unified SASE to protect all devices, edges, and users within their hybrid networks," said Nirav Shah, SVP Products and Solutions, Fortinet. "CyberRatings's third-party testing provides customers with the transparency they need to make informed product decisions, in
SUNNYVALE, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced FortiAppSec Cloud, a new cloud-delivered platform that integrates key web application security and performance management tools into a single offering. The platform streamlines web and API security, advanced bot defense, and global server load balancing, among other capabilities, so customers can confidently secure and manage their hybrid and multi-cloud environments. "Web applications are foundational to the success of modern enterprises, but they are extremely challenging to secure, leaving
SUNNYVALE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- News Summary NHL Vancouver Canucks and Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that Fortinet has become the new Preferred Partner for the 2024–2025 season. Canucks Sports & Entertainment (CSE) has chosen Fortinet's industry-leading Security Fabric platform to reduce complexity and streamline the identification and remediation of network and security issues across the group's facilities. CSE is one of the premier sports and entertainment companies in North America. In support of their goal to create inspiring moments and unforgettable experiences for t
ATLANTA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- John Whittle, Chief Operating Officer at Fortinet "With our new space in Atlanta set to become one of our global Innovation Hubs, we'll be able to better serve our growing customer base in this region as we build on the partnerships created across industries in Georgia over the past 24 years. Through our global Innovation Hubs, Fortinet is committed to enhancing our infrastructure and innovation to continue to deliver unmatched experiences and solutions to customers worldwide. We're excited to be part of this vibrant community, helping to contribute to Atlanta's position as a hub for business and technology." News Summary Fortinet® (NASDA
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., Nov. 11, 2024 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet"As we celebrate the 15th year anniversary of our IPO, we reflect on the leading role Fortinet has played in shaping the continued evolution of cybersecurity. Innovation has been in our DNA since our inception more than 20 years ago, and with our customers at the center of everything we do, we've built a world-class team, developed an industry-leading portfolio of integrated solutions, and forged meaningful partnerships to strengthen global cyber resilience. Looking ahead, we remain committed to driving innovation, fostering trust, and delivering lasting va
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., 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
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
First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over yearService revenue of $944 million, up 24% year over yearGAAP operating margin of 23.7%Non-GAAP operating margin of 28.5%1Cash flow from operations of $830 millionFree cash flow of $609 million1 SUNNYVALE, Calif., May 02, 2024 (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, 2024. "We are diligently executing on our strategy announced six months ago to leverage our scale, go-to-market capabilities, customer-first focus, and engineering expertise to capitalize on
SUNNYVALE, Calif., April 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 first quarter 2024 financial results on Thursday, May 2, 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 acc
Fourth Quarter 2023 Highlights Total revenue of $1.42 billion, up 10.3% year over yearBillings of $1.86 billion, up 8.5% year over year1GAAP operating income of $385 millionNon-GAAP operating income of $454 million1GAAP operating margin of 27.2% Non-GAAP operating margin of 32.0%1Cash paid for share repurchases of $896 million Full Year 2023 Highlights Total revenue of $5.30 billion, up 20% year over yearService revenue of $3.38 billion, up 28% year over yearBillings of $6.40 billion, up 14% year over year1Deferred revenue of $5.74 billion, up 24% year over yearGAAP operating income of $1.24 billion, up 28% year over yearNon-GAAP operating income of $1.51 billion, up 25% year over year1GA
SUNNYVALE, Calif., Jan. 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 fourth quarter and Full Year 2023 financial results on Tuesday, 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