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

April 27, 2018 - By Peter Erickson

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 197.93 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 increased 1.13% or $0.62 during the last trading session, reaching $55.42. About 1.55 million shares traded. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 27, 2017 and is uptrending. It has outperformed by 35.20% the S&P500.

Fortinet, Inc. (NASDAQ:FTNT) Ratings Coverage

Among 19 analysts covering Fortinet (NASDAQ:FTNT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 42% are positive. Fortinet had 32 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Wednesday, April 11 by Morgan Stanley. BMO Capital Markets maintained Fortinet, Inc. (NASDAQ:FTNT) on Wednesday, March 28 with “Buy” rating. The firm has “Underperform” rating by Credit Suisse given on Tuesday, February 6. The rating was maintained by Northland Capital on Wednesday, February 28 with “Buy”. On Tuesday, February 6 the stock rating was maintained by Cowen & Co with “Buy”. As per Tuesday, February 6, the company rating was maintained by Morgan Stanley. The stock of Fortinet, Inc. (NASDAQ:FTNT) has “Neutral” rating given on Monday, April 16 by Citigroup. The rating was downgraded by Raymond James on Friday, January 26 to “Hold”. The stock has “Buy” rating by Robert W. Baird on Thursday, January 11. The rating was maintained by Cowen & Co with “Buy” on Friday, October 27.

Fortinet, Inc. provides cybersecurity solutions for enterprises, service providers, and government organizations worldwide. The company has market cap of $9.31 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 307.89 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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