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 EPS guidance of 2.410-2.470 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FTNT. Guggenheim reiterated a “neutral” rating on shares of Fortinet in a research note on Friday. Jefferies Financial Group raised their target price on shares of Fortinet from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Mizuho increased their price objective on Fortinet from $68.00 to $78.00 and gave the company an “underperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on Fortinet from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Hsbc Global Res upgraded Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.43.

Fortinet Price Performance

NASDAQ FTNT traded up $2.94 during trading hours on Friday, reaching $107.66. The company’s stock had a trading volume of 11,181,288 shares, compared to its average volume of 4,073,400. The company’s 50-day moving average is $97.38 and its two-hundred day moving average is $84.56. Fortinet has a 1-year low of $54.57 and a 1-year high of $110.53. The firm has a market capitalization of $82.52 billion, a price-to-earnings ratio of 47.64, a P/E/G ratio of 2.75 and a beta of 1.01. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 1.25.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $0.67 EPS for the quarter, beating 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%. On average, equities analysts predict that Fortinet will post 2.05 EPS for the current year.

Insiders Place Their Bets

In related news, Director William H. Neukom acquired 355 shares of Fortinet stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost 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 in the company, valued at approximately $14,799,132.50. The trade was a 0.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Keith Jensen sold 4,250 shares of the business’s 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 transaction, the chief financial officer now directly owns 4,689 shares of the company’s stock, valued at approximately $425,901.87. This represents a 47.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,860 shares of company stock valued at $6,469,056 over the last ninety days. Company insiders own 18.00% of the company’s stock.

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.