EPS for Fortinet, Inc. (FTNT) Expected At $0.07

April 21, 2018 - By Marie Mckinney

Fortinet, Inc. (NASDAQ:FTNT) Logo

Analysts expect Fortinet, Inc. (NASDAQ:FTNT) to report $0.07 EPS on May, 3 after the close.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.07 EPS. FTNT’s profit would be $11.76 million giving it 204.11 P/E if the $0.07 EPS is correct. After having $0.19 EPS previously, Fortinet, Inc.’s analysts see -63.16 % EPS growth. The stock decreased 0.45% or $0.26 during the last trading session, reaching $57.15. About 594,970 shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 21, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Fortinet, Inc. (NASDAQ:FTNT) Ratings Coverage

Among 18 analysts covering Fortinet (NASDAQ:FTNT), 8 have Buy rating, 1 Sell and 9 Hold. Therefore 44% are positive. Fortinet had 32 analyst reports since October 26, 2017 according to SRatingsIntel. The stock of Fortinet, Inc. (NASDAQ:FTNT) earned “Neutral” rating by Citigroup on Tuesday, February 6. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Overweight” rating given on Tuesday, February 6 by Morgan Stanley. BMO Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) on Wednesday, March 28 with “Buy” rating. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Buy” rating given on Wednesday, February 28 by Piper Jaffray. The firm has “Buy” rating by Northland Capital given on Wednesday, February 28. The firm has “Hold” rating given on Tuesday, February 6 by Stephens. The firm has “Buy” rating given on Thursday, March 1 by KeyBanc Capital Markets. The firm earned “Hold” rating on Tuesday, February 6 by Stifel Nicolaus. The firm has “Underperform” rating by Credit Suisse given on Tuesday, February 6. As per Wednesday, April 11, the company rating was downgraded by Morgan Stanley.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $9.60 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 317.5 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.

Fortinet, Inc. (NASDAQ:FTNT) Ratings Chart

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