Fortinet (NASDAQ:FTNT) Issues FY 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.660-2.700 for the period, compared to the consensus EPS estimate of 2.400. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.8 billion. Fortinet also updated its Q4 2025 guidance to 0.730-0.750 EPS.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Fortinet from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Truist Financial cut their target price on Fortinet from $125.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Cowen cut Fortinet from a “buy” rating to a “hold” rating in a research report on Thursday, August 7th. Citigroup cut Fortinet from a “neutral” rating to a “mixed” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. cut their target price on Fortinet from $105.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Fortinet presently has a consensus rating of “Hold” and an average price target of $97.03.

Fortinet Stock Performance

Fortinet stock traded up $0.77 during mid-day trading on Wednesday, reaching $85.99. 8,391,834 shares of the company’s stock were exchanged, compared to its average volume of 5,556,593. The business’s fifty day simple moving average is $82.91 and its 200 day simple moving average is $93.33. The firm has a market capitalization of $65.89 billion, a PE ratio of 34.26, a P/E/G ratio of 3.17 and a beta of 1.09. Fortinet has a one year low of $70.12 and a one year high of $114.82. The company has a quick ratio of 1.24, a current ratio of 1.33 and a debt-to-equity ratio of 0.24.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings results on Wednesday, November 5th. The software maker reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Fortinet had a return on equity of 111.46% and a net margin of 30.60%. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS. Q4 2025 guidance at 0.730-0.750 EPS. On average, sell-side analysts expect that Fortinet will post 2.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Ken Xie sold 158,485 shares of Fortinet stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $86.51, for a total transaction of $13,710,537.35. Following the sale, the chief executive officer directly owned 51,391,879 shares in the company, valued at approximately $4,445,911,452.29. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael Xie sold 3,546 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $86.53, for a total value of $306,835.38. Following the completion of the sale, the vice president owned 10,492,018 shares in the company, valued at approximately $907,874,317.54. The trade was a 0.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.20% of the company’s stock.

Institutional Trading of Fortinet

Several hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Fortinet by 4.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 815,534 shares of the software maker’s stock valued at $86,310,000 after buying an additional 37,268 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Fortinet in the second quarter valued at $198,000. Florida Financial Advisors LLC raised its stake in shares of Fortinet by 58.1% in the second quarter. Florida Financial Advisors LLC now owns 9,851 shares of the software maker’s stock valued at $1,041,000 after buying an additional 3,620 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of Fortinet by 0.4% in the second quarter. State of Tennessee Department of Treasury now owns 223,762 shares of the software maker’s stock valued at $23,656,000 after buying an additional 895 shares during the period. Finally, Sender Co & Partners Inc. bought a new stake in shares of Fortinet in the second quarter valued at $458,000. 83.71% of the stock is currently owned by institutional investors.

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.