Capital One Financial Expects Weaker Earnings for Fortinet

Fortinet, Inc. (NASDAQ:FTNT) – Investment analysts at Capital One Financial lowered their Q1 2025 EPS estimates for Fortinet in a research note issued on Monday, November 18th. Capital One Financial analyst C. Murphy now forecasts that the software maker will post earnings per share of $0.41 for the quarter, down from their prior forecast of $0.44. The consensus estimate for Fortinet’s current full-year earnings is $1.89 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 equities analysts also recently issued research reports about the stock. Scotiabank lifted their target price on shares of Fortinet from $85.00 to $110.00 and gave the stock a “sector outperform” rating in a research note on Wednesday. Cantor Fitzgerald lifted their target price on shares of Fortinet from $88.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fortinet from $77.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday. StockNews.com raised shares of Fortinet from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, DZ Bank raised shares of Fortinet from a “sell” rating to a “hold” rating and set a $65.00 price target for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.93.

Fortinet Price Performance

Shares of NASDAQ FTNT opened at $94.13 on Wednesday. Fortinet has a twelve month low of $50.65 and a twelve month high of $100.59. The firm has a fifty day simple moving average of $82.10 and a 200 day simple moving average of $70.06. The company has a market capitalization of $72.15 billion, a PE ratio of 47.54, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.09.

Institutional Trading of Fortinet

Hedge funds and other institutional investors have recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in Fortinet by 16.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 43,859 shares of the software maker’s stock worth $2,996,000 after acquiring an additional 6,309 shares during the period. Lake Street Advisors Group LLC increased its holdings in Fortinet by 20.3% during the 1st quarter. Lake Street Advisors Group LLC now owns 5,401 shares of the software maker’s stock worth $369,000 after acquiring an additional 912 shares during the period. Crewe Advisors LLC bought a new stake in Fortinet during the 1st quarter worth approximately $110,000. Delap Wealth Advisory LLC bought a new stake in Fortinet during the 1st quarter worth approximately $210,000. Finally, CreativeOne Wealth LLC bought a new stake in Fortinet during the 1st quarter worth approximately $732,000. Institutional investors own 83.71% of the company’s stock.

Insider Buying and Selling at Fortinet

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

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.