Q1 EPS Estimates for Fortinet Cut by Capital One Financial

Fortinet, Inc. (NASDAQ:FTNT) – Stock analysts at Capital One Financial decreased their Q1 2025 earnings per share estimates for shares of Fortinet in a note issued to investors on Monday, November 18th. Capital One Financial analyst C. Murphy now expects that the software maker will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.44. The consensus estimate for Fortinet’s current full-year earnings is $1.88 per share. Capital One Financial also issued estimates for Fortinet’s Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.55 EPS and Q4 2025 earnings at $0.58 EPS.

A number of other brokerages have also recently commented on FTNT. Mizuho cut Fortinet from a “neutral” rating to an “underperform” rating and set a $68.00 price target on the stock. in a research report on Thursday, October 17th. Rosenblatt Securities raised their target price on shares of Fortinet from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Cantor Fitzgerald lifted their target price on Fortinet from $88.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Fortinet in a research report on Monday, November 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Fortinet from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $87.10.

Fortinet Stock Performance

NASDAQ:FTNT opened at $90.79 on Wednesday. The firm has a market cap of $69.59 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. The business has a 50 day moving average price of $81.39 and a 200-day moving average price of $69.73. Fortinet has a fifty-two week low of $50.65 and a fifty-two week high of $100.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34.

Institutional Investors Weigh In On Fortinet

Several hedge funds and other institutional investors have recently made changes to their positions in FTNT. Eagle Capital Management LLC lifted its position in Fortinet by 0.6% during the 3rd quarter. Eagle Capital Management LLC now owns 25,772 shares of the software maker’s stock valued at $1,999,000 after purchasing an additional 141 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Fortinet by 3.9% in the third quarter. OneDigital Investment Advisors LLC now owns 3,782 shares of the software maker’s stock valued at $293,000 after buying an additional 141 shares during the period. Parallel Advisors LLC boosted its stake in Fortinet by 2.0% in the second quarter. Parallel Advisors LLC now owns 7,504 shares of the software maker’s stock valued at $452,000 after acquiring an additional 148 shares during the last quarter. Crewe Advisors LLC grew its holdings in Fortinet by 8.8% during the 3rd quarter. Crewe Advisors LLC now owns 1,958 shares of the software maker’s stock worth $152,000 after acquiring an additional 158 shares during the period. Finally, Private Wealth Management Group LLC raised its position in shares of Fortinet by 73.3% during the 3rd quarter. Private Wealth Management Group LLC now owns 409 shares of the software maker’s stock valued at $32,000 after acquiring an additional 173 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fortinet

In related news, CEO Ken Xie sold 23,307 shares of Fortinet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $81.89, for a total value of $1,908,610.23. Following the completion of the transaction, the chief executive officer now directly owns 48,915,530 shares of the company’s stock, valued at $4,005,692,751.70. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 18.00% of the company’s stock.

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.