News & Events:FTNT

Fortinet's short percent of float has fallen 7.55% since its last report. Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock.

If history is any guide, there may be trouble ahead for shares of Fortinet. A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions. When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher.

Sandra Wheatley, SVP of Marketing, Threat Intelligence and Influencer Communications at Fortinet (FTNT) “Fortinet’s vision is to make possible a digital world that organizations can always trust by securing people, devices and data everywhere.

U.S. indices finished Tuesday's trading session mixed. Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro. SYSCO Corporation, Fortinet Inc and Microchip Technology Inc. were among the top gainers for the SPY. Dentsply Sirona Inc, Altria Group Inc and Newell Brands Inc were among the top losers for the S&P 500.

Accelerate 22 John Maddison, EVP of Products and CMO at Fortinet“Fortinet’s portfolio of cybersecurity solutions is built from the ground up with integration and automation top of mind.

According to Tudor Pickering, the prior rating for ProPetro Holding Corp was changed from Hold to Buy. For Momentive Global Inc, Craig-Hallum upgraded the previous rating of Hold to Buy. For Fortinet Inc, Mizuho upgraded the previous rating of Neutral to Buy. According to Guggenheim, the prior rating for Zymeworks Inc was changed from Neutral to Buy.

Fortinet Inc shares are trading higher THursday after the company reported better-than-expected financial results and issued guidance above analyst estimates. Fortinet said first-quarter revenue increased 34% year-over-year to $954.8 million, which beat the $884.17 million estimate, according to data from Benzinga Pro.

Over the past 3 months, 5 analysts have published their opinion on Fortinet stock. According to 5 analyst offering 12-month price targets in the last 3 months, Fortinet has an average price target of $353.0 with a high of $400.00 and a low of $250.00. Below is a summary of how these 5 analysts rated Fortinet over the past 3 months.

Fortinet Inc (FTNT): * TOTAL REVENUE WAS $954.8 MILLION FOR Q1 OF 2022, AN INCREASE OF 34.4% COMPARED TO $710.3 MILLION FOR SAME QUARTER OF 2021. * GAAP NET INCOME WAS $138.4 MILLION FOR Q1 OF 2022. * NON-GAAP NET INCOME WAS $155.1 MILLION FOR Q1 OF 2022. * Q1 EARNINGS PER SHARE VIEW $0.79, REVENUE VIEW $884.8 MILLION -- REFINITIV IBES DATA.

Fortinet Inc (FTNT): * FORTINET REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS. * Q1 NON-GAAP EARNINGS PER SHARE $0.94. * Q1 GAAP EARNINGS PER SHARE $0.84. * Q1 REVENUE ROSE 34 PERCENT TO $954.8 MILLION. * QTRLY BOOKINGS OF $1.28 BILLION, UP 50% YEAR OVER YEAR1. * QTRLY NON-GAAP DILUTED NET INCOME PER SHARE $0.94. * SEES Q2 REVENUE IN THE RANGE OF $1.005 BILLION TO $1.035 BILLION.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fortinet Inc  shares are trading higher in Wednesday's after-hours session after the company reported better-than-expected financial results and issued guidance. Fortinet said first-quarter revenue increased 34% year-over-year to $954.8 million, which beat the $884.17 million estimate, according to data from Benzinga Pro.

Fortinet reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Fortinet beat estimated earnings by 18.99%, reporting an EPS of $0.94 versus an estimate of $0.79. Revenue was up $244.50 million from the same period last year.

Fortinet has outperformed the market over the past 10 years by 15.61% on an annualized basis producing an average annual return of 27.65%. Currently, Fortinet has a market capitalization of $45.88 billion. Buying $100 In FTNT: If an investor had bought $100 of FTNT stock 10 years ago, it would be worth $1,135.54 today based on a price of $286.27 for FTNT at the time of writing.

First Quarter 2022 Highlights SUNNYVALE, Calif., May 04, 2022 -- Fortinet®, a global leader in broad, integrated and automated cybersecurity solutions, today announced financial results for the first quarter ended March 31, 2022. “We delivered better than expected first quarter revenue growth of 34% year over year, driven by record quarterly product revenue growth of 54% year over year.

Someone with a lot of money to spend has taken a bearish stance on Fortinet. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. So how do we know what this whale just did?

John Maddison, EVP of Products and CMO at Fortinet“FortiGate is more than just the most deployed network firewall in the world.

  ** Seres Therapeutics is estimated to report quarterly loss at $0.52 per share on revenue of $8.48 million. ** Obsidian Energy is projected to report quarterly earnings at $0.41 per share on revenue of $156.00 million. ** International Seaways is estimated to report quarterly loss at $0.31 per share on revenue of $96.75 million.

Sandra Wheatley, SVP Marketing, Threat Intelligence and Influencer Communications at Fortinet (FTNT) "According to the Fortinet (FTNT) report released today, the skills gap isn't just a talent shortage challenge, but it's also severely impacting business, making it a top concern for executive leaders worldwide.

Offering enables resellers to easily scale their businesses, meeting growing demand for network and security services supporting hybrid work Masergy, Fortinet (FTNT), and Ingram Micro Inc. today announced the companies have teamed to deliver a new distribution sales route and tailored SD-WAN solution for value-added resellers and managed service providers.