Fortinet (NASDAQ:FTNT) Releases 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.

Fortinet Stock Performance

NASDAQ FTNT traded up $2.94 during trading hours on Friday, hitting $107.66. The company had a trading volume of 11,181,288 shares, compared to its average volume of 4,073,400. The business has a 50 day moving average of $97.38 and a 200-day moving average of $84.56. 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 1-year low of $54.57 and a 1-year high of $110.53. The company has a market cap of $82.52 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.01.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.60 by $0.07. Fortinet had a return on equity of 463.85% and a net margin of 29.30%. As a group, equities research analysts expect that Fortinet will post 2.05 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on FTNT shares. Needham & Company LLC reissued a “hold” rating on shares of Fortinet in a research report on Friday. Morgan Stanley upped their price objective on Fortinet from $105.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Fortinet from $85.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday. Rosenblatt Securities upped their price target on Fortinet from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Baird R W cut shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Fortinet currently has a consensus rating of “Hold” and a consensus target price of $101.43.

Insider Activity

In other news, CFO Keith Jensen sold 4,250 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.83, for a total value of $386,027.50. Following the completion of the sale, the chief financial officer now owns 4,689 shares in the company, valued at approximately $425,901.87. This trade represents a 47.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Neukom purchased 355 shares of Fortinet stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average cost of $98.50 per share, for a total transaction of $34,967.50. Following the completion of the transaction, the director now directly owns 150,245 shares in the company, valued at $14,799,132.50. This represents a 0.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 67,860 shares of company stock valued at $6,469,056 in the last three months. 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.