Fortinet Inc (NASDAQ:FTNT) stock is lifting the cybersecurity sector today, after the company's stronger- than-expected fourth-quarter results, announced after yesterday's close. FTNT has pared gains since its earlier surge to $73.91, but was still up 2.2% at $68.97 at last check. No fewer than 21 analysts lifted their price targets on the equity after the report, bringing the 12-month consensus price target to $74.42. Over the last month, Fortinet stock saw two downgrades despite its recent uptrend, but an ...

Fortinet Inc. (FTNT) reported strong fourth-quarter 2023 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, both the top and bottom lines registered a steady year-over- year improvement. Fortinet reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of 51 cents, which topped the Zacks Consensus Estimate by 18.6%. The bottom line improved 15.9% from the year-ago quarter’s earnings of 24 cents per share. Total revenues of $1.415 billion beat the consensus ma ...

Key Takeaways Fortinet shares jumped after the company topped analysts' fourth-quarter earnings and billings expectations amid strong demand for cybersecurity solutions. The company said it closed six deals in the fourth quarter that were each valued at over $10 million. The Fortinet share price may encounter resistance around $80.50 from the July swing high, which is also the stock's all-time high. Fortinet, Inc. This image depicts the FTNT chart. ...

Fortinet (FTNT) reported $1.42 billion in revenue for the quarter ended December 2023, representing a year- over-year increase of 10.3%. EPS of $0.51 for the same period compares to $0.44 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.41 billion, representing a surprise of +0.33%. The company delivered an EPS surprise of +18.60%, with the consensus EPS estimate being $0.43. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

After whiffing big with its previous two earnings reports, Fortinet Inc. delivered upbeat profit and billings numbers for the latest quarter Tuesday, helping to send its stock rocketing. The cybersecurity company generated fourth-quarter net income of $310.9 million, or 40 cents a share, which was nearly flat from the $313.8 million, or 40 cents a share, that Fortinet FTNT, +2.10% logged a year before. On an adjusted basis, the company earned 51 cents a share, while analysts tracked by FactSet were modeling ...

Cybersecurity firms have tremendous runways due to the rise of hackers and a constant need to keep data safe. Many cybersecurity corporations generate recurring revenue which creates more predictable cash flow and higher growth rates. While you can choose from many cybersecurity stocks, some industry leaders are gaining market share at a faster rate than others. Many cybersecurity equities have outperformed the broader stock market and can deliver more gains for investors. These are some of the top cybersec ...

SUNNYVALE, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced a new compact, ruggedized appliance explicitly built to deliver enhanced secure networking capabilities and 5G connectivity to operational technology (OT) environments. Backed by the latest, fifth-generation Fortinet Security Processing Unit (SP5), the FortiGate Rugged 70G with 5G Dual Modem provides unparalleled networking performa ...

股价表现 - Fortinet (FTNT) 最新收盘价为$66.44，较前一天下跌了0.02% [1] - 过去一个月，网络安全公司的股价上涨了13.8%，领先于计算机和技术行业的4.83%以及标普500指数的2.93% [2] 财务数据 - Fortinet 即将公布财报，预计每股收益为$0.43，同比下降2.27%，营收预期为$1.41亿，同比增长9.93% [3] - Fortinet目前的前瞻市盈率为40.6，高于行业平均值31.2，可以认为Fortinet的估值相对较高 [6] - FTNT目前的PEG比率为2.25，考虑到公司的预期盈利增长，与行业平均PEG比率1.67相比较高 [7] 行业排名 - 互联网-软件行业隶属于计算机和技术行业，目前Zacks Industry Rank为78，位于250个行业中的前31% [8] - Zacks Industry Rank是根据行业内个股的平均Zacks Rank计算得出的，研究表明排名前50%的行业胜过后50%的行业2倍 [9] 投资建议 - 分析师对Fortinet的估值进行了最新调整，这些调整通常反映了最新的短期业务趋势，可以解释为公司业务前景的良好迹象 [4] - 利用Zacks Rank模型可以从这些估值变化中获利，Fortinet目前的Zacks Rank为4 (Sell) [5] - 请继续关注Zacks.com以了解这些影响股价的指标，以及更多信息 [10]

Fortinet财报预测 - 分析师预计Fortinet将在即将发布的季度财报中每股收益为0.43美元，同比下降2.3%[1] - 预计营收将达到14.1亿美元，同比增长9.9%[1] - '服务收入'预计将达到9.13亿美元，同比增长22.9%[8] - '亚太地区和日本收入'预计为2.9021亿美元，同比增长15.3%[10]

Fortinet (FTNT) is scheduled to report fourth-quarter 2023 results on Feb 6, after market close. The cybersecurity firm projects revenues between $1.38 billion and $1.44 billion. The Zacks Consensus Estimate for the same is pegged at $1.41 billion, suggesting year-over-year growth of 9.93%. The company forecasts fourth-quarter non-GAAP earnings in the range of 42-44 cents per share. The consensus mark is pegged at 43 cents per share, implying a decline of 2.27% from the year-ago figure of 24 cents. Fortinet ...