Fortinet (NASDAQ:FTNT) Issues Q1 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its first quarter 2025 earnings guidance on Thursday morning. 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.

Fortinet Trading Up 2.8 %

Shares of FTNT traded up $2.94 during trading hours on Friday, reaching $107.66. 11,181,288 shares of the company traded hands, compared to its average volume of 4,073,400. Fortinet has a 12 month low of $54.57 and a 12 month high of $110.53. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.09. The company’s fifty day moving average price is $97.38 and its two-hundred day moving average price is $84.56. The company has a market capitalization of $82.52 billion, a price-to-earnings 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 earnings results on Thursday, February 6th. The software maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Fortinet had a return on equity of 463.85% and a net margin of 29.30%. Equities research analysts predict that Fortinet will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FTNT has been the subject of a number of analyst reports. TD Cowen raised their price objective on Fortinet from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Scotiabank lifted their price target on Fortinet from $115.00 to $135.00 and gave the stock a “sector outperform” rating in a research report on Friday. Baird R W downgraded shares of Fortinet from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Truist Financial reiterated a “buy” rating and issued a $105.00 target price (up previously from $85.00) on shares of Fortinet in a research note on Wednesday, November 20th. Finally, UBS Group raised their price target on shares of Fortinet from $70.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.43.

Insider Activity at Fortinet

In other Fortinet news, Director William H. Neukom purchased 355 shares of the company’s stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $98.50 per share, for a total transaction of $34,967.50. Following the purchase, the director now directly owns 150,245 shares of the company’s stock, valued at $14,799,132.50. This trade represents a 0.24 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ken Xie sold 23,044 shares of Fortinet stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $93.32, for a total transaction of $2,150,466.08. Following the sale, the chief executive officer now owns 49,039,698 shares in the company, valued at approximately $4,576,384,617.36. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,860 shares of company stock worth $6,469,056. 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.