What is Roth Capital's Forecast for Fortinet Q1 Earnings?

Fortinet, Inc. (NASDAQ:FTNT - Free Report) - Equities researchers at Roth Capital issued their Q1 2025 earnings estimates for Fortinet in a research note issued to investors on Tuesday, April 22nd. Roth Capital analyst I. Koujalgi expects that the software maker will earn $0.47 per share 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.

FTNT has been the topic of a number of other reports. Piper Sandler reaffirmed an "overweight" rating and issued a $135.00 price target (up from $120.00) on shares of Fortinet in a research note on Friday, February 7th. Citigroup upped their price target on shares of Fortinet from $100.00 to $101.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Royal Bank of Canada raised their price target on shares of Fortinet from $97.00 to $115.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Susquehanna boosted 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. Finally, Scotiabank increased their target price on shares of Fortinet from $115.00 to $135.00 and gave the stock a "sector outperform" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $104.77.

Fortinet Trading Up 1.6 %

Shares of NASDAQ:FTNT traded up $1.61 on Thursday, reaching $104.25. 1,215,235 shares of the company traded hands, compared to its average volume of 5,065,270. Fortinet has a 52 week low of $54.57 and a 52 week high of $114.82. The company has a current ratio of 1.47, a quick ratio of 1.39 and a debt-to-equity ratio of 0.67. The business's 50-day simple moving average is $99.09 and its 200 day simple moving average is $96.18. The stock has a market capitalization of $80.16 billion, a P/E ratio of 46.14, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09.

Fortinet (NASDAQ:FTNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. Fortinet had a net margin of 29.30% and a return on equity of 256.53%.

Insiders Place Their Bets

In other news, CEO Ken Xie sold 206,000 shares of Fortinet stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $96.93, for a total value of $19,967,580.00. Following the completion of the sale, the chief executive officer now directly owns 51,391,879 shares in the company, valued at $4,981,414,831.47. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth A. Goldman sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 18,612 shares in the company, valued at $1,861,200. This represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 576,944 shares of company stock valued at $56,944,064. Corporate insiders own 18.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in shares of Fortinet by 329.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 11,469 shares of the software maker's stock worth $1,104,000 after purchasing an additional 8,799 shares during the period. Simmons Bank increased its holdings in Fortinet by 2.9% during the first quarter. Simmons Bank now owns 41,624 shares of the software maker's stock valued at $4,007,000 after buying an additional 1,177 shares during the last quarter. Seascape Capital Management raised its holdings in Fortinet by 1.1% in the 1st quarter. Seascape Capital Management now owns 39,218 shares of the software maker's stock worth $3,775,000 after purchasing an additional 420 shares during the period. World Investment Advisors grew its holdings in Fortinet by 20.7% during the first quarter. World Investment Advisors now owns 3,758 shares of the software maker's stock valued at $362,000 after purchasing an additional 644 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Fortinet in the first quarter worth about $36,000. Institutional investors own 83.71% of the company's stock.

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.