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    FTNT   US34959E1091

FORTINET, INC.

(FTNT)
  Report
Delayed Nasdaq  -  04:00 2022-12-02 pm EST
53.61 USD   -3.20%
11/29Transcript : Fortinet, Inc. Presents at 6th Annual Wells Fargo TMT Summit, Nov-29-2022 12:25 PM
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11/28Fortinet Launches Managed Cloud-Native Firewall Service to Simplify Network Security Operations, Available Now on AWS
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11/28Fortinet Launches Managed Cloud-Native Firewall Service to Simplify Network Security Operations, Available Now on AWS
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Fortinet Named a Leader in the 2022 Gartner« Magic Quadrant(TM) for SD-WAN for Third Consecutive Year

09/22/2022 | 08:38am EST

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks and service mark, and PEER INSIGHTS is a trademark and service mark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

Gartner, Magic Quadrant for SD-WAN, Jonathan Forest, Naresh Singh, Andrew Lerner, Karen Brown,12th September 2022

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. About Fortinet

Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world's largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 595,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet's Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.

Copyright © 2022 Fortinet, Inc. All rights reserved. The symbols ® and (TM) denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiCare, FortiManager, FortiAnalyzer, FortiOS, FortiADC, FortiAP, FortiAppMonitor, FortiASIC, FortiAuthenticator, FortiBridge, FortiCache, FortiCamera, FortiCASB, FortiClient, FortiCloud, FortiConnect, FortiController, FortiConverter, FortiDB, FortiDDoS, FortiExplorer, FortiExtender, FortiFone, FortiCarrier, FortiHypervisor, FortiIsolator, FortiMail, FortiMonitor, FortiNAC, FortiPlanner, FortiPortal, FortiPresence , FortiProxy, FortiRecorder, FortiSandbox, FortiSIEM, FortiSwitch, FortiTester, FortiToken, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.

Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
FORTINET, INC. -3.20% 53.61 Delayed Quote.-25.42%
GARTNER, INC. -1.20% 351.99 Delayed Quote.5.29%
All news about FORTINET, INC.
11/29Transcript : Fortinet, Inc. Presents at 6th Annual Wells Fargo TMT Summit, No..
CI
11/28Fortinet Launches Managed Cloud-Native Firewall Service to Simplify Network Security Op..
GL
11/28Fortinet Launches Managed Cloud-Native Firewall Service to Simplify Network Security Op..
GL
11/16KeyBanc Trims Price Target on Fortinet to $62 From $63, Maintains Overweight Rating
MT
11/15Fortinet : Ken Xie Talks about Business Momentum, Customer Trends, and Sustainability
PU
11/10Media Advisory : Fortinet Joins Global Leaders and Experts at World Economic Forum Annual ..
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11/10Media Advisory : Fortinet Joins Global Leaders and Experts at World Economic Forum Annual ..
AQ
11/07FORTINET, INC. Management's Discussion and Analysis of Financial Condition and Results..
AQ
11/07Tranche Update on Fortinet, Inc.'s Equity Buyback Plan announced on January 28, 2016.
CI
11/07FortiGuard Labs Predicts the Convergence of Advanced Persistent Threat Methods with Cyb..
GL
More news
Analyst Recommendations on FORTINET, INC.
More recommendations
Financials (USD)
Sales 2022 4 430 M - -
Net income 2022 817 M - -
Net cash 2022 1 034 M - -
P/E ratio 2022 53,2x
Yield 2022 -
Capitalization 41 882 M 41 882 M -
EV / Sales 2022 9,22x
EV / Sales 2023 7,24x
Nbr of Employees 12 091
Free-Float 81,1%
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Technical analysis trends FORTINET, INC.
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Last Close Price 53,61 $
Average target price 65,79 $
Spread / Average Target 22,7%
EPS Revisions
Managers and Directors
Ken Xie Chairman & Chief Executive Officer
Michael Xie President, Director & Chief Technology Officer
Keith Franklin Jensen CFO, Chief Accounting Officer & Controller
William H. Neukom Lead Independent Director
Judith Sim Independent Director
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