C
Fortinet, Inc.
FTNT
NASDAQ
$49.13 -$0.50-1.01% Volume418 09/30/2022 4:00PM Eastern Quotes delayed
Recommendation
Prev Close
Avg Vol (90D)
Market Cap
Dividend & Yield
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52-Week Range
P/E (TTM)
EPS (TTM)
C
Hold 9/22/2022Downgrade
Fortinet, Inc. (FTNT) was downgraded to C+ from B- on 9/22/2022 due to a decline in the total return index and volatility index.
B
Buy 8/8/2022Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 8/8/2022 due to a large increase in the valuation index and total return index.
C
Hold 3/21/2022Downgrade
Fortinet, Inc. (FTNT) was downgraded to C+ from B- on 3/21/2022 due to a large decline in the total return index and volatility index.
B
Buy 3/4/2022Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 3/4/2022 due to a noticeable increase in the total return index, growth index and valuation index. EBIT increased 29.28% from $165.3M to $213.7M, earnings per share increased from $0.97 to $1.1907, and total revenue increased 11.12% from $867.2M to $963.6M.
C
Hold 1/19/2022Downgrade
Fortinet, Inc. (FTNT) was downgraded to C+ from B- on 1/19/2022 due to a noticeable decline in the total return index.
B
Buy 1/14/2022Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 1/14/2022 due to a large decline in the total return index, growth index and valuation index. Operating cash flow declined 4.64% from $418.2M to $398.8M.
B
Buy 8/4/2021Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 8/4/2021 due to a noticeable increase in the growth index, total return index and solvency index. Operating cash flow increased 32.38% from $315.9M to $418.2M, earnings per share increased from $0.64 to $0.82, and EBIT increased 21.41% from $120.5M to $146.3M.
B
Buy 8/2/2021Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 8/2/2021 due to a noticeable decline in the valuation index and growth index. EBIT declined 28.36% from $168.2M to $120.5M, earnings per share declined from $0.8831 to $0.64, and total revenue declined 5.04% from $748M to $710.3M.
B
Buy 3/12/2021Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 3/12/2021 due to a large increase in the total return index.
B
Buy 2/25/2021Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 2/25/2021 due to a large decline in the total return index and solvency index.
B
Buy 2/8/2021Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 2/8/2021 due to a substantial increase in the total return index and solvency index. Debt to equity declined from 0.03 to 0.02, and the quick ratio increased from 1.26 to 1.34.
B
Buy 9/8/2020Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 9/8/2020 due to a substantial decline in the total return index.
B
Buy 8/7/2020Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 8/7/2020 due to a noticeable increase in the total return index, growth index and valuation index. EBIT increased 46.14% from $79.1M to $115.6M, earnings per share increased from $0.6 to $0.68, and total revenue increased 6.69% from $576.9M to $615.5M.
B
Buy 6/5/2020Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 6/5/2020 due to a major increase in the total return index and volatility index.
C
Hold 5/11/2020Downgrade
Fortinet, Inc. (FTNT) was downgraded to C+ from B- on 5/11/2020 due to a noticeable decline in the solvency index, growth index and total return index. Debt to equity increased from 0.01 to 0.03, EBIT declined 33.19% from $118.4M to $79.1M, and the quick ratio declined from 1.77 to 1.22.
B
Buy 5/5/2020Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 5/5/2020 due to a major decline in the total return index.
B
Buy 4/20/2020Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 4/20/2020 due to an increase in the total return index and solvency index.
B
Buy 3/9/2020Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 3/9/2020 due to a large decline in the valuation index, growth index and solvency index. Operating cash flow declined 13.92% from $221.2M to $190.4M.
B
Buy 8/2/2019Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 8/2/2019 due to a large increase in the growth index, efficiency index and volatility index. EBIT increased 48.62% from $50.6M to $75.2M, net income increased 23.64% from $58.8M to $72.7M, and earnings per share increased from $0.34 to $0.42.
B
Buy 6/10/2019Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 6/10/2019 due to a major decline in the growth index, total return index and solvency index. Earnings per share declined from $1.0429 to $0.34, EBIT declined 40.54% from $85.1M to $50.6M, and total revenue declined 6.79% from $507M to $472.6M.
B
Buy 3/29/2019Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 3/29/2019 due to a major increase in the total return index and valuation index.
B
Buy 3/4/2019Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 3/4/2019 due to a major increase in the valuation index, efficiency index and volatility index. Net income increased 211.07% from $58.7M to $182.6M, and total capital increased 13.3% from $891.6M to $1.01B.
C
Hold 1/3/2019Downgrade
Fortinet, Inc. (FTNT) was downgraded to C+ from B- on 1/3/2019 due to a significant decline in the total return index and growth index.
B
Buy 11/8/2018Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 11/8/2018 due to a decline in the total return index.
B
Buy 10/24/2018Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 10/24/2018 due to an increase in the total return index, volatility index and solvency index.
B
Buy 8/9/2018Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 8/9/2018 due to a large increase in the growth index, solvency index and efficiency index. EBIT increased 56.48% from $32.4M to $50.7M, net income increased 18.51% from $41.6M to $49.3M, and earnings per share increased from $0.24 to $0.28.
C
Hold 5/10/2018Upgraded
Fortinet, Inc. (FTNT) was upgraded to C+ from C on 5/10/2018 due to a significant increase in the growth index, valuation index and efficiency index. Net income increased 243.64% from -$28.96M to $41.6M, earnings per share increased from -$0.1688 to $0.24, and total capital increased 17.67% from $589.38M to $693.5M.
C
Hold 3/1/2018Downgrade
Fortinet, Inc. (FTNT) was downgraded to C from B- on 3/1/2018 due to a significant decline in the growth index, valuation index and solvency index. Earnings per share declined from $0.15 to -$0.1688, the quick ratio declined from 1.68 to 1.56, and operating cash flow declined 2.96% from $162.34M to $157.54M.
B
Buy 2/13/2018Downgrade
Fortinet, Inc. (FTNT) was downgraded to B- from B on 2/13/2018 due to a decline in the total return index, volatility index and valuation index.
B
Buy 1/29/2018Upgraded
Fortinet, Inc. (FTNT) was upgraded to B from B- on 1/29/2018 due to a major increase in the total return index and volatility index.
B
Buy 12/22/2017Upgraded
Fortinet, Inc. (FTNT) was upgraded to B- from C+ on 12/22/2017 due to a large increase in the total return index and volatility index.
C
Hold 11/13/2017Upgraded
Fortinet, Inc. (FTNT) was upgraded to C+ from C on 11/13/2017 due to a significant increase in the growth index, valuation index and efficiency index. EBIT increased 20.01% from $28.41M to $34.1M, net income increased 15.53% from $23.03M to $26.61M, and earnings per share increased from $0.13 to $0.15.
C
Hold 5/10/2017Downgrade
Fortinet, Inc. (FTNT) was downgraded to C from C+ on 5/10/2017 due to a large decline in the growth index. EBIT declined 87.09% from $46.03M to $5.94M, earnings per share declined from $0.1398 to $0.06, and total revenue declined 6.13% from $362.83M to $340.58M.
C
Hold 4/3/2017Upgraded
Fortinet, Inc. (FTNT) was upgraded to C+ from C on 4/3/2017 due to a substantial increase in the total return index.
C
Hold 3/3/2017Upgraded
Fortinet, Inc. (FTNT) was upgraded to C from C- on 3/3/2017 due to a significant increase in the growth index, efficiency index and total return index. EBIT increased 492.28% from $7.77M to $46.03M, net income increased 300.03% from $6.29M to $25.17M, and earnings per share increased from $0.0363 to $0.1398.
C
Hold 1/27/2017Upgraded
Fortinet, Inc. (FTNT) was upgraded to C- from D+ on 1/27/2017 due to an increase in the total return index.
D
Sell 1/12/2017Downgrade
Fortinet, Inc. (FTNT) was downgraded to D+ from C- on 1/12/2017 due to a decline in the total return index.
C
Hold 11/11/2016Upgraded
Fortinet Inc. (FTNT) was upgraded to C- from D+ on 11/11/2016 due to a noticeable increase in the growth index and volatility index. Earnings per share increased from -$0.01 to $0.0363, EBIT increased 343.45% from -$3.19M to $7.77M, and operating cash flow increased 12.07% from $67.94M to $76.14M.
D
Sell 5/6/2016Downgrade
Fortinet Inc. (FTNT) was downgraded to D+ from C- on 5/6/2016 due to a decline in the efficiency index. Net income declined 35.32% from -$2.53M to -$3.43M, and total capital declined 1.72% from $755.38M to $742.4M.
C
Hold 4/25/2016Upgraded
Fortinet Inc. (FTNT) was upgraded to C- from D+ on 4/25/2016 due to an increase in the total return index and volatility index.
D
Sell 3/11/2016Downgrade
Fortinet Inc. (FTNT) was downgraded to D+ from C- on 3/11/2016 due to a noticeable decline in the volatility index, total return index and solvency index.
C
Hold 3/1/2016Downgrade
Fortinet Inc. (FTNT) was downgraded to C- from C on 3/1/2016 due to a substantial decline in the volatility index, efficiency index and valuation index. Net income declined 131.02% from $8.17M to -$2.53M, and total capital declined 5.03% from $795.39M to $755.38M.
Weiss Ratings