Fortinet Q1 EPS Estimate Lowered by Capital One Financial

Fortinet, Inc. (NASDAQ:FTNT) – Analysts at Capital One Financial reduced their Q1 2025 earnings per share estimates for Fortinet in a report released 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 previous 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.

Other research analysts have also recently issued reports about the company. Hsbc Global Res raised Fortinet from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Susquehanna raised their price objective on Fortinet from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Royal Bank of Canada raised their price objective on Fortinet from $82.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Wedbush raised their price objective on Fortinet from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on Fortinet from $88.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Fortinet has an average rating of “Hold” and an average target price of $88.93.

Fortinet Trading Up 1.8 %

Shares of NASDAQ:FTNT opened at $92.45 on Wednesday. The stock has a market capitalization of $70.86 billion, a price-to-earnings ratio of 46.69, a PEG ratio of 2.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34. The stock’s 50-day simple moving average is $81.71 and its two-hundred day simple moving average is $69.89. Fortinet has a 52-week low of $50.65 and a 52-week high of $100.59.

Insider Buying and Selling at Fortinet

In other Fortinet news, CEO Ken Xie sold 23,307 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $81.89, for a total transaction of $1,908,610.23. Following the sale, the chief executive officer now owns 48,915,530 shares in the company, valued at approximately $4,005,692,751.70. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Keith Jensen sold 4,250 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $90.83, for a total value of $386,027.50. Following the completion of the sale, the chief financial officer now owns 4,689 shares in the company, valued at $425,901.87. The trade was a 47.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,095 shares of company stock worth $4,058,575. 18.00% of the stock is currently owned by insiders.

Institutional Trading of Fortinet

Hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC boosted its stake in shares of Fortinet by 7.6% in the third quarter. Apollon Wealth Management LLC now owns 15,296 shares of the software maker’s stock worth $1,186,000 after buying an additional 1,081 shares during the last quarter. Forsta AP Fonden raised its holdings in Fortinet by 11.8% in the 3rd quarter. Forsta AP Fonden now owns 135,500 shares of the software maker’s stock worth $10,508,000 after purchasing an additional 14,300 shares during the period. Sarasin & Partners LLP raised its holdings in Fortinet by 22.4% in the 2nd quarter. Sarasin & Partners LLP now owns 2,163,093 shares of the software maker’s stock worth $130,370,000 after purchasing an additional 395,477 shares during the period. Cetera Investment Advisers raised its holdings in Fortinet by 543.5% in the 1st quarter. Cetera Investment Advisers now owns 157,319 shares of the software maker’s stock worth $10,765,000 after purchasing an additional 132,871 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in Fortinet by 4.2% in the 3rd quarter. Empower Advisory Group LLC now owns 1,008,224 shares of the software maker’s stock worth $78,188,000 after purchasing an additional 40,277 shares during the period. Hedge funds and other institutional investors own 83.71% of the company’s stock.

About Fortinet

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.