Roth Capital Estimates Fortinet’s Q1 Earnings (NASDAQ:FTNT)

Fortinet, Inc. (NASDAQ:FTNT) – Equities researchers at Roth Capital issued their Q1 2025 earnings per share (EPS) estimates for shares of Fortinet in a research report issued to clients and investors on Tuesday, April 22nd. Roth Capital analyst I. Koujalgi forecasts that the software maker will post earnings per share of $0.47 for the quarter. Roth Capital currently has a “Hold” rating on the stock. The consensus estimate for Fortinet’s current full-year earnings is $2.09 per share. Roth Capital also issued estimates for Fortinet’s Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $2.17 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.64 EPS, Q4 2026 earnings at $0.74 EPS and FY2026 earnings at $2.50 EPS.

Fortinet (NASDAQ:FTNT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.07. Fortinet had a return on equity of 256.53% and a net margin of 29.30%.

Several other equities analysts have also recently commented on FTNT. Morgan Stanley cut their target price on shares of Fortinet from $123.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Susquehanna upped their price objective on shares of Fortinet from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their target price on Fortinet from $114.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Rosenblatt Securities upped their price target on Fortinet from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Cantor Fitzgerald lowered their price objective on Fortinet from $115.00 to $100.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.77.

Fortinet Stock Up 3.8 %

FTNT opened at $100.72 on Thursday. The business has a 50 day moving average of $99.58 and a 200-day moving average of $95.68. The stock has a market capitalization of $77.45 billion, a price-to-earnings ratio of 44.57, a P/E/G ratio of 4.19 and a beta of 1.09. The company has a current ratio of 1.47, a quick ratio of 1.39 and a debt-to-equity ratio of 0.67. Fortinet has a 1-year low of $54.57 and a 1-year high of $114.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Patron Partners LLC boosted its position in shares of Fortinet by 5.3% during the first quarter. Patron Partners LLC now owns 11,586 shares of the software maker’s stock worth $1,115,000 after buying an additional 584 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fortinet by 19.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 281,856 shares of the software maker’s stock valued at $27,227,000 after purchasing an additional 45,557 shares during the last quarter. Achmea Investment Management B.V. lifted its position in Fortinet by 420.7% during the first quarter. Achmea Investment Management B.V. now owns 538,009 shares of the software maker’s stock worth $51,789,000 after acquiring an additional 434,682 shares during the last quarter. Cornerstone Enterprises LLC grew its holdings in Fortinet by 2.3% in the 1st quarter. Cornerstone Enterprises LLC now owns 5,018 shares of the software maker’s stock valued at $483,000 after buying an additional 115 shares in the last quarter. Finally, Diversified Trust Co increased its position in Fortinet by 0.5% during the first quarter. Diversified Trust Co now owns 23,978 shares of the software maker’s stock worth $2,308,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Keith Jensen sold 23,500 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $113.56, for a total value of $2,668,660.00. Following the completion of the sale, the chief financial officer now owns 4,736 shares in the company, valued at $537,820.16. This represents a 83.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Xie sold 326,784 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $98.17, for a total value of $32,080,385.28. Following the sale, the vice president now directly owns 11,000,068 shares in the company, valued at approximately $1,079,876,675.56. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 576,944 shares of company stock valued at $56,944,064. 18.00% of the stock is currently owned by corporate insiders.

Fortinet Company Profile

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.