Analysts See $0.19 EPS for Fortinet, Inc. (FTNT)

July 27, 2018 - By Richard Slagle

Fortinet, Inc. (NASDAQ:FTNT) Logo

Analysts expect Fortinet, Inc. (NASDAQ:FTNT) to report $0.19 EPS on August, 1 after the close.They anticipate $0.05 EPS change or 35.71 % from last quarter’s $0.14 EPS. FTNT’s profit would be $31.94 million giving it 90.22 P/E if the $0.19 EPS is correct. After having $0.17 EPS previously, Fortinet, Inc.’s analysts see 11.76 % EPS growth. The stock increased 0.20% or $0.14 during the last trading session, reaching $68.57. About 989,802 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 52.26% since July 27, 2017 and is uptrending. It has outperformed by 39.69% the S&P500.

Fortinet, Inc. (NASDAQ:FTNT) Ratings Coverage

Among 17 analysts covering Fortinet (NASDAQ:FTNT), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Fortinet has $70 highest and $37 lowest target. $57.63’s average target is -15.95% below currents $68.57 stock price. Fortinet had 33 analyst reports since February 5, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Friday, May 4 with “Equal-Weight”. Oppenheimer maintained the stock with “Buy” rating in Monday, February 5 report. As per Tuesday, June 19, the company rating was downgraded by Cowen & Co. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Buy” rating by UBS on Monday, May 21. On Friday, May 4 the stock rating was maintained by Piper Jaffray with “Buy”. The rating was maintained by BMO Capital Markets on Friday, May 4 with “Buy”. The stock has “Underperform” rating by Credit Suisse on Tuesday, February 6. The rating was maintained by Credit Suisse on Friday, May 4 with “Underperform”. The company was maintained on Tuesday, February 6 by Citigroup. As per Tuesday, February 6, the company rating was maintained by Morgan Stanley.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $11.53 billion. The firm offers FortiGate physical and software licenses 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 offers a single point of network log data collection. It has a 193.15 P/E ratio. It also provides 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.

More notable recent Fortinet, Inc. (NASDAQ:FTNT) news were published by: which released: “Why Fortinet, Inc. Stock Has Popped 51.7% So Far in 2018” on July 17, 2018, also with their article: “Fortinet to Announce Second Quarter 2018 Financial Results” published on July 02, 2018, published: “Fortinet: A Better Palo Alto?” on July 06, 2018. More interesting news about Fortinet, Inc. (NASDAQ:FTNT) were released by: and their article: “5 Hot Tech ETFs and Stocks Leading the Market Rally” published on July 26, 2018 as well as‘s news article titled: “Short Sellers Hike Their Bets in Cybersecurity Stocks” with publication date: July 25, 2018.

Fortinet, Inc. (NASDAQ:FTNT) Ratings Chart

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