Fortinet (NASDAQ:FTNT) Updates FY 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.410-2.470 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $6.7 billion-$6.9 billion, compared to the consensus revenue estimate of $5.9 billion. Fortinet also updated its Q1 2025 guidance to 0.520-0.540 EPS.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Rosenblatt Securities increased their target price on shares of Fortinet from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. HSBC upgraded Fortinet from a “hold” rating to a “buy” rating and lifted their target price for the company from $83.00 to $111.00 in a report on Monday, November 11th. The Goldman Sachs Group increased their price target on Fortinet from $114.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. Mizuho upped their target price on shares of Fortinet from $68.00 to $78.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Finally, Hsbc Global Res upgraded shares of Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Fortinet presently has an average rating of “Hold” and a consensus target price of $101.43.

Fortinet Stock Performance

Shares of FTNT stock traded up $2.94 during mid-day trading on Friday, hitting $107.66. The stock had a trading volume of 10,965,960 shares, compared to its average volume of 4,456,886. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 1.25. The firm has a market cap of $82.52 billion, a PE ratio of 54.37, a PEG ratio of 2.65 and a beta of 1.01. Fortinet has a fifty-two week low of $54.57 and a fifty-two week high of $110.53. The company’s 50-day simple moving average is $97.13 and its 200-day simple moving average is $84.21.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Fortinet had a return on equity of 973.30% and a net margin of 26.79%. Sell-side analysts anticipate that Fortinet will post 1.95 earnings per share for the current year.

Insider Transactions at Fortinet

In other Fortinet news, Director William H. Neukom acquired 355 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was acquired at an average cost of $98.50 per share, with a total value of $34,967.50. Following the purchase, the director now directly owns 150,245 shares in the company, valued at approximately $14,799,132.50. This trade represents a 0.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Keith Jensen sold 17,650 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $95.66, for a total value of $1,688,399.00. Following the completion of the sale, the chief financial officer now directly owns 4,689 shares in the company, valued at approximately $448,549.74. The trade was a 79.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,860 shares of company stock valued at $6,469,056 in the last quarter. 18.00% of the stock is currently owned by corporate insiders.

About Fortinet

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.