Fortinet (NASDAQ:FTNT) Releases FY 2025 Earnings Guidance

Fortinet (NASDAQ:FTNT) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.660-2.700 for the period, compared to the consensus 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 NASDAQ:FTNT traded down $5.45 during mid-day trading on Thursday, reaching $80.54. The stock had a trading volume of 13,367,840 shares, compared to its average volume of 5,595,589. The company has a current ratio of 1.33, a quick ratio of 1.24 and a debt-to-equity ratio of 0.24. The company has a market cap of $61.72 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 3.17 and a beta of 1.08. Fortinet has a 1 year low of $70.12 and a 1 year high of $114.82. The business’s 50 day moving average price is $83.07 and its 200 day moving average price is $93.28.

Fortinet (NASDAQ:FTNT) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Fortinet had a return on equity of 111.46% and a net margin of 30.60%.The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Fortinet has set its FY 2025 guidance at 2.660-2.700 EPS. Q4 2025 guidance at 0.730-0.750 EPS. Research analysts expect that Fortinet will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FTNT. Cowen downgraded Fortinet from a “buy” rating to a “hold” rating in a research report on Thursday, August 7th. BMO Capital Markets decreased their price objective on Fortinet from $110.00 to $90.00 and set a “market perform” rating on the stock in a research report on Thursday, August 7th. Piper Sandler cut their target price on Fortinet from $90.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their target price on Fortinet from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, TD Cowen dropped their price objective on Fortinet from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fortinet presently has an average rating of “Hold” and an average price target of $92.57.

Insider Transactions at Fortinet

In related news, CEO Ken Xie sold 158,485 shares of Fortinet stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.51, for a total value of $13,710,537.35. Following the sale, the chief executive officer directly owned 51,391,879 shares in the company, valued at approximately $4,445,911,452.29. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael Xie sold 3,546 shares of Fortinet stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $86.53, for a total value of $306,835.38. Following the completion of the sale, the vice president owned 10,492,018 shares in the company, valued at approximately $907,874,317.54. The trade was a 0.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MUFG Securities EMEA plc purchased a new stake in Fortinet in the second quarter valued at approximately $198,000. Sender Co & Partners Inc. acquired a new position in shares of Fortinet in the second quarter worth $458,000. ICONIQ Capital LLC grew its stake in shares of Fortinet by 29.5% in the second quarter. ICONIQ Capital LLC now owns 5,085 shares of the software maker’s stock worth $538,000 after acquiring an additional 1,159 shares in the last quarter. HUB Investment Partners LLC grew its stake in shares of Fortinet by 29.1% in the second quarter. HUB Investment Partners LLC now owns 5,299 shares of the software maker’s stock worth $560,000 after acquiring an additional 1,193 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Fortinet in the second quarter worth $581,000. 83.71% of the stock is owned by hedge funds and other institutional investors.

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.