Fortinet (NASDAQ:FTNT) Releases Q1 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.520-0.540 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion. Fortinet also updated its FY 2025 guidance to 2.410-2.470 EPS.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Raymond James reissued a “market perform” rating on shares of Fortinet in a report on Tuesday, January 14th. Barclays lifted their target price on shares of Fortinet from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Fortinet from $99.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. StockNews.com upgraded Fortinet from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price target on Fortinet from $100.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $97.73.

Fortinet Trading Down 0.3 %

Fortinet stock traded down $0.35 during mid-day trading on Thursday, hitting $104.72. The company’s stock had a trading volume of 6,174,372 shares, compared to its average volume of 4,126,691. The stock has a market cap of $80.26 billion, a PE ratio of 52.89, a P/E/G ratio of 2.65 and a beta of 1.01. Fortinet has a one year low of $54.57 and a one year high of $105.82. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34. The company has a 50 day moving average of $96.92 and a 200-day moving average of $84.07.

Fortinet (NASDAQ:FTNT) last issued its earnings results on Thursday, November 7th. The software maker reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. Fortinet had a net margin of 26.79% and a return on equity of 973.30%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.35 EPS. On average, research analysts anticipate that Fortinet will post 1.95 EPS for the current year.

Insider Buying and Selling

In related news, CFO Keith Jensen sold 4,250 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $90.83, for a total transaction of $386,027.50. Following the completion of the sale, the chief financial officer now directly owns 4,689 shares in the company, valued at $425,901.87. This represents a 47.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ken Xie sold 22,916 shares of Fortinet stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $97.93, for a total value of $2,244,163.88. Following the completion of the transaction, the chief executive officer now owns 48,983,683 shares in the company, valued at $4,796,972,076.19. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,860 shares of company stock valued at $6,469,056 over the last quarter. 18.00% of the stock is owned by corporate insiders.

Fortinet Company Profile

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.