Fortinet (NASDAQ:FTNT) Updates Q1 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.520-0.540 for the period, compared to the consensus earnings per share 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 Stock Performance

NASDAQ:FTNT traded up $2.94 during trading 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 firm has a market cap 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 has a 12 month low of $54.57 and a 12 month high of $110.53. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34. The firm has a 50 day moving average of $97.38 and a 200-day moving average of $84.56.

Fortinet (NASDAQ:FTNT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Fortinet had a net margin of 29.30% and a return on equity of 463.85%. Research analysts expect that Fortinet will post 2.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Fortinet from $77.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, November 19th. Rosenblatt Securities upped their price objective on shares of Fortinet from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Raymond James reiterated a “market perform” rating on shares of Fortinet in a research note on Tuesday, January 14th. Hsbc Global Res upgraded shares of Fortinet from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Guggenheim reissued a “neutral” rating on shares of Fortinet in a report on Friday. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.43.

Insider Buying and Selling at Fortinet

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