Fortinet Inc. (FTNT)
Information Technology3 articles
Price chart
Why is FTNT moving today?
+1.8%FTNT is +1.8% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 7 hours ago
Fortinet Inc. (FTNT) overview
Fortinet is a network-security company known for its firewalls.
FTNT is a member of the S&P 500. It sits in the Information Technology sector. That sector covers hardware, software and semiconductor companies driving the digital economy.
Fortinet Inc. trades on the NasdaqGS under the ticker symbol FTNT. The most recent market data puts the share price at about $174.05. That is up 1.83% on the session. At that price the company is worth roughly $127.70B.
Over the past 52 weeks, FTNT has traded between $73.55 and $197.13. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 60.4. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns.
Key statistics
Source: Yahoo Finance - quote as of 7 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch FTNT
FTNT is one of the larger names in the Information Technology sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each FTNT story as it breaks, and tags it bullish, bearish or neutral.
Size matters here as well. The S&P 500 is weighted by market value. FTNT is large enough that its own share price nudges the whole index. So it is worth watching even for investors who only hold index funds.
What moves FTNT
- Earnings. FTNT reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from FTNT.
- Sector news. Information Technology stocks often move together, so a rival's news can move FTNT too.
- Index weight. FTNT is big enough to move the S&P 500 on its own.
Market Mood
Latest FTNT news
Fortinet (FTNT) stock rating reiterated on AI demand insights
Cantor Fitzgerald has reiterated its rating on Fortinet (FTNT) amid increasing demand for AI technologies. The analyst emphasized the ongoing relevance of Fortinet's cybersecurity solutions as AI adoption grows across sectors. Specific data points or trading volumes were not disclosed in the report, indicating stable confidence in the company. This reiteration could help sustain Fortinet's market position as AI-related investments continue to rise.
Read More: Fortinet (FTNT) stock rating reiterated on AI demand insights
PANW Price Target Raised to $253 on Firewall Demand Trends
Morgan Stanley raised its price target for Palo Alto Networks (PANW) to $253 from $223 on May 20, suggesting a 2% upside from the May 18 close of $247.55. This upgrade comes as PANW is expected to report fiscal third-quarter results on June 2, with analysts anticipating a significant performance, particularly in remaining performance obligations growing closer to 33% year over year. The motivations behind the price target increase include strong demand across firewall refreshes and AI security solutions. The upgrade reflects confidence in Palo Alto's growth relative to strong performances from competitors like Fortinet and Cisco.
Read More: PANW Price Target Raised to $253 on Firewall Demand Trends
Fortinet (FTNT) Earnings Preview Amid AI Investments and Challenges
Fortinet (FTNT) is set to announce its earnings report soon, with analysts focused on the impact of artificial intelligence investments amidst prevailing enterprise challenges. The company has previously reported a revenue growth of 20% year-over-year in its last quarter. Market expectations are keen on how these tech advancements will influence Fortinet's performance. The stock has seen fluctuations, including a trading volume of 1.5 million shares on its most recent session, indicating significant market interest as the earnings date approaches.
Read More: Fortinet (FTNT) Earnings Preview Amid AI Investments and ChallengesMore Information Technology stocks
Frequently asked questions
Is Fortinet Inc. in the S&P 500?
Yes. Fortinet Inc. trades as FTNT and is a member of the S&P 500. The index lists it in the Information Technology sector.
What sector is FTNT in?
FTNT sits in the Information Technology sector of the S&P 500.
Where can I find the latest FTNT news?
Right here. This page collects recent FTNT news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Fortinet Inc.'s stock price?
FTNT last traded at about $174.05. Prices move all through the session, so this is the latest quote rather than a live one.
What is Fortinet Inc.'s market cap?
FTNT is worth roughly $127.70B. Market cap is the share price times the number of shares outstanding.
What is FTNT's P/E ratio?
FTNT trades at a trailing P/E ratio of about 60.4. The ratio compares the share price with earnings per share over the past year.