Fortinet, Inc.

FTNT

US34959E1091

Software

Market Closed - Nasdaq Other stock markets 16:00:00 2024-05-17 EDT			5-day change	1st Jan Change
61.43 ^USD	+0.31%		+5.62%	+4.95%

05-16	Fortinet Insider Sold Shares Worth $2,932,562, According to a Recent SEC Filing	MT
05-07	Daiwa Securities Adjusts Fortinet Price Target to $67 From $75	MT

Fortinet extends strategic partnership with Digital Realty

December 05, 2023 at 03:52 pm

Fortinet Inc - Sunnyvale, California-based cybersecurity company - Expands strategic partnership with Digital Realty. Digital Realty is a "global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions."

"The expansion of our strategic partnership with Digital Realty will further propel Fortinet's global cloud network beyond the 100+ SASE locations available today and continue to accelerate customer adoption of our Universal SASE solution," says Founder & Chief Technology Officer Michael Xie.

"Our customers now have even broader access to cloud-delivered security and connectivity for their distributed workforce, enabling them to seamlessly embrace the convergence of networking and security."

Current stock price: USD52.37

12-month change: up 2.5%

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	DIGITAL REALTY TRUST, INC.	143.8 USD	-0.79%	+1.65%	46.67B
	FORTINET, INC.	61.43 USD	+0.31%	+5.62%	46.93B

Latest news about Fortinet, Inc.

Fortinet Insider Sold Shares Worth $2,932,562, According to a Recent SEC Filing	05-16	MT
Daiwa Securities Adjusts Fortinet Price Target to $67 From $75	05-07	MT
Susquehanna Adjusts Price Target on Fortinet to $65 From $80	05-06	MT
UBS Adjusts Price Target on Fortinet to $69 From $76, Maintains Neutral Rating	05-03	MT
Goldman Sachs Adjusts Price Target on Fortinet to $77 From $85	05-03	MT
Truist Lowers Fortinet's Price Target to $70 From $80 After Mixed Q1 Results, Keeps Buy Rating	05-03	MT
Wall St set to open sharply higher on soft jobs data	05-03	RE
Wedbush Lowers Fortinet's PT to $78 From $86 After Mixed Q1 Results With Billings Miss, Keeps Outperform Rating	05-03	MT
Evercore ISI Adjusts Price Target on Fortinet to $67 From $72, Keeps In Line Rating	05-03	MT
JPMorgan Adjusts Price Target on Fortinet to $63 From $67, Keeps Neutral Rating	05-03	MT
Barclays Adjusts Price Target on Fortinet to $75 From $80, Keeps Equalweight Rating	05-03	MT
Jefferies Adjusts Price Target on Fortinet to $65 From $70, Keeps Hold Rating	05-03	MT
Cantor Fitzgerald Adjusts Price Target on Fortinet to $55 From $65, Keeps Neutral Rating	05-03	MT
Morgan Stanley Adjusts Price Target on Fortinet to $73 From $81, Keeps Overweight Rating	05-03	MT
RBC Capital Adjusts Price Target on Fortinet to $68 From $71	05-03	MT
Bernstein Adjusts Price Target on Fortinet to $67 From $76	05-03	MT
Deutsche Bank Adjusts Price Target on Fortinet to $71 From $78	05-03	MT
HSBC Adjusts Price Target on Fortinet to $54 From $57	05-03	MT
Mizuho Adjusts Price Target on Fortinet to $66 From $70	05-03	MT
Wells Fargo Adjusts Price Target on Fortinet to $62 From $70	05-03	MT
Baird Adjusts Price Target on Fortinet to $75 From $81	05-03	MT
Stifel Adjusts Price Target on Fortinet to $70 From $78	05-03	MT
Truist Securities Adjusts Price Target on Fortinet to $70 From $80	05-03	MT
Piper Sandler Adjusts Price Target on Fortinet to $70 From $75	05-03	MT
Capital One Adjusts Price Target on Fortinet to $65 From $77	05-03	MT

Chart Fortinet, Inc.

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Company Profile

Fortinet, Inc. specializes in the creation, development and marketing of integrated cybersecurity software and equipment for the protection of networks and information systems infrastructures as well as for the protection of company and government data. Net sales break down by revenue source into sales of services (59.7%) and products (40.3%). Net sales are distributed geographically as follows: the United States (30%), Americas (10.4%), Europe/Middle East/Africa (38.3%) and Asia/Pacific (21.3%).

Sector

Software

Calendar

2024-06-14 - Annual General Meeting

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S&P 500

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Ratings for Fortinet, Inc.

Trading Rating

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

61.43 USD

Average target price

71.84 USD

Spread / Average Target

+16.94%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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Security Software

Fortinet, Inc.

Equities

FTNT

US34959E1091

Software

Fortinet extends strategic partnership with Digital Realty

Stocks mentioned in the article

EPS Revisions