Fortinet (NASDAQ:FTNT) Issues FY 2025 Earnings Guidance

by · The Cerbat Gem

Fortinet (NASDAQ:FTNT – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. 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.

Fortinet Price Performance

Shares of FTNT stock traded up $0.77 on Wednesday, hitting $85.99. 8,391,834 shares of the company’s stock were exchanged, compared to its average volume of 5,556,593. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.33 and a quick ratio of 1.24. Fortinet has a 12 month low of $70.12 and a 12 month high of $114.82. The stock has a market cap of $65.89 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 3.17 and a beta of 1.09. The company has a 50 day moving average of $82.91 and a 200 day moving average of $93.33.

Fortinet (NASDAQ:FTNT – Get Free Report) last posted its earnings results on Wednesday, November 5th. The software maker reported $0.65 EPS for the quarter, beating the consensus estimate 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, equities research analysts predict that Fortinet will post 2.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FTNT shares. JPMorgan Chase & Co. dropped their target price on Fortinet from $105.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Wall Street Zen downgraded Fortinet from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Cantor Fitzgerald increased their target price on Fortinet from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, July 16th. Citigroup downgraded Fortinet from a “neutral” rating to a “mixed” rating in a research report on Monday, October 20th. Finally, Barclays dropped their target price on Fortinet from $110.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fortinet currently has a consensus rating of “Hold” and an average target price of $97.03.

Check Out Our Latest Report on FTNT

Insider Buying and Selling

In other Fortinet news, CEO Ken Xie sold 158,485 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 51,391,879 shares in the company, valued at approximately $4,445,911,452.29. This represents a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael Xie sold 3,546 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $86.53, for a total value of $306,835.38. Following the transaction, the vice president owned 10,492,018 shares in the company, valued at $907,874,317.54. The trade was a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fortinet

A number of institutional investors and hedge funds have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Fortinet by 4.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 815,534 shares of the software maker’s stock worth $86,310,000 after buying an additional 37,268 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Fortinet in the second quarter valued at approximately $198,000. Florida Financial Advisors LLC grew its stake in 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 acquiring an additional 3,620 shares during the period. State of Tennessee Department of Treasury grew its stake in 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 acquiring an additional 895 shares during the period. Finally, Sender Co & Partners Inc. acquired a new stake in Fortinet in the second quarter valued at approximately $458,000. 83.71% of the stock is currently owned by institutional investors.

Fortinet Company Profile

(Get Free Report)

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.

Read More