Fortinet (NASDAQ:FTNT) Updates FY 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 2.410-2.470 for the period, compared to the consensus earnings per share 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.

Fortinet Stock Down 0.3 %

FTNT traded down $0.35 during trading on Thursday, hitting $104.72. 6,174,372 shares of the company’s stock traded hands, compared to its average volume of 4,126,691. The stock has a market capitalization of $80.26 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.65 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.09. Fortinet has a 12-month low of $54.57 and a 12-month high of $105.82. The company’s 50 day simple moving average is $96.92 and its two-hundred day simple moving average is $84.07.

Fortinet (NASDAQ:FTNT) last released its earnings results on Thursday, November 7th. The software maker reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Fortinet had a net margin of 26.79% and a return on equity of 973.30%. During the same period in the prior year, the firm posted $0.35 EPS. Analysts predict that Fortinet will post 1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FTNT has been the topic of a number of research reports. UBS Group boosted their target price on shares of Fortinet from $70.00 to $83.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Citigroup boosted their price objective on shares of Fortinet from $100.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fortinet from $77.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, November 19th. Baird R W downgraded Fortinet from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, KeyCorp raised Fortinet from a “sector weight” rating to an “overweight” rating and set a $115.00 price objective for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fortinet presently has a consensus rating of “Hold” and a consensus target price of $97.73.

Insider Activity

In related news, CFO Keith Jensen sold 4,250 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $90.83, for a total transaction of $386,027.50. Following the completion of the transaction, the chief financial officer now owns 4,689 shares in the company, valued at approximately $425,901.87. The trade was a 47.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William H. Neukom purchased 355 shares of the business’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of $98.50 per share, for a total transaction of $34,967.50. Following the completion of the purchase, the director now owns 150,245 shares of the company’s stock, valued at $14,799,132.50. This represents a 0.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 67,860 shares of company stock valued at $6,469,056. 18.00% of the stock is currently owned by company 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.