Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which provides a single point of network log data collection. It also offers FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products. In addition, the company provides FortiSandbox advanced threat protection solutions; and FortiDDos and FortiDB database security appliances. Further, it offers security subscription, technical support, training, and professional services. The company was founded in 2000 and is headquartered in Sunnyvale, California.
Fortinet — The cybersecurity firm's stock plunged more than 15 percent in the premarket trading after reporting poor preliminary third-quarter results. Fortinet said it sees adjusted quarterly profits between 15 cents and 16 cents per share, below a Reuters consensus estimate of 18 cents a share. The company also slashed its billings guidance for the quarter to a range of $343 million to $348 million from $372 million to $376 million. - CNBC
Analyst Upgrade/Downgrade Update Brokerage firm: Morgan Stanley Change: Upgrade Previous Rating: Equal Weight Current Rating: Overweight Previous Price Target: N/A Current Price Target: N/A
One of the most solid cybersecurity stocks it seems (along with CHKP). See if it keeps this trendline, although the general market seems to be shaky. The 50 ma support is also coming up nearby.
Just above the 200-day, and this $36 level has held 4 times before, and RSI is already down to 30. Good tight stop here.
Went down to the $36 level one more time in September 2017, and has been rising since. Cybersecurity could possibly be the new market leader; we're looking for one.
I know nothing about this company or the stock but ForiNet has some excellent product and I expect them to grow tremendously over the next several years.
Using exponential scale for this chart otherwise it just looks like a rocketship because it started at $1.70 in 2010. 32-month ema has supported this.
I have profound respect for this company. If the financials didn't make it look like a puffed up balloon, I would onboard a bit of it. It has taken a hit from the 2022 roll back but continues to perform reasonably well under the market conditions.
Fortinet shares are trading higher after the company reported better-than-expected Q4 EPS. The company also issued revenue and EPS guidance with a midpoint above consensus estimates. Feb 8, 2023 8:14a ET
FTNT just reported this afternoon, lowered full year guidance. I want to preserve here the forecast out to 2025, before 2Q23 results went down. Revenues: 2023: 5469M (38 analysts) 2024: 6514M (38 analysts) 2025: 7759M (16 analysts) 2026: 9580M (3 analysts) 2027: 11110M (3 analysts) EPS(GAAP): 2023: $1.21 2024: $1.49 2025: $1.83 2026/2027: I don't think the data I'm finding online is GAAP Will come back if I see these estimates change in the next quarter.
Almost 2 months later, analysts have not changed their forecasts at all. Are they calling the bluff/sandbag attempt?
Yeah you've held PANW all this time? I've gotten on the PANW train, also currently holding QLYS and CRWD. As for FTNT, well I think it will one day fill that gap from the last ER. Just prefer to be in stuff that can break out, rather than retrace.
My average for PANW is $87.79 so it is pretty much a hold for me unless we get the 2008 financial crisis or the COVID kind of the selloff, I might still average up though if the stock has a major correction from its current prices
