Research Analysts Offer Predictions for Fortinet Q1 Earnings

Fortinet, Inc. (NASDAQ:FTNT) – Research analysts at Capital One Financial reduced their Q1 2025 earnings per share estimates for shares of Fortinet in a report released on Monday, November 18th. Capital One Financial analyst C. Murphy now expects that the software maker will earn $0.41 per share for the quarter, down from their previous forecast of $0.44. The consensus estimate for Fortinet’s current full-year earnings is $1.88 per share. Capital One Financial also issued estimates for Fortinet’s Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.55 EPS and Q4 2025 earnings at $0.58 EPS.

Several other equities research analysts have also recently weighed in on the company. Cantor Fitzgerald upped their price target on Fortinet from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday. Hsbc Global Res raised Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Piper Sandler upped their price target on Fortinet from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays raised their price objective on shares of Fortinet from $85.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. Finally, Scotiabank lifted their price target on shares of Fortinet from $75.00 to $85.00 and gave the company a “sector outperform” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.10.

Fortinet Price Performance

Shares of NASDAQ:FTNT opened at $90.79 on Wednesday. The company has a market capitalization of $69.59 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The company’s 50-day moving average is $81.39 and its 200 day moving average is $69.73. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34. Fortinet has a fifty-two week low of $50.65 and a fifty-two week high of $100.59.

Hedge Funds Weigh In On Fortinet

Several institutional investors and hedge funds have recently modified their holdings of FTNT. Eastern Bank bought a new stake in shares of Fortinet during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Fortinet in the 3rd quarter worth approximately $26,000. Private Wealth Management Group LLC lifted its stake in Fortinet by 73.3% in the third quarter. Private Wealth Management Group LLC now owns 409 shares of the software maker’s stock valued at $32,000 after buying an additional 173 shares during the period. Oakworth Capital Inc. bought a new stake in Fortinet in the 2nd quarter valued at about $33,000. Finally, Versant Capital Management Inc raised its holdings in shares of Fortinet by 61.2% in the 2nd quarter. Versant Capital Management Inc now owns 627 shares of the software maker’s stock worth $38,000 after acquiring an additional 238 shares during the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In other news, CEO Ken Xie sold 23,307 shares of Fortinet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $81.89, for a total value of $1,908,610.23. Following the completion of the sale, the chief executive officer now directly owns 48,915,530 shares of the company’s stock, valued at approximately $4,005,692,751.70. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.00% of the company’s stock.

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.