Fortinet Inc (NASDAQ:FTNT) is set to post its Q415 quarterly earnings results after the market closes on Thursday, January 28th. Analysts expect Fortinet to post earnings of $0.18 per share and revenue of $296.28 million for the quarter.

A number of analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Fortinet in a research note on Monday, October 19th. Cowen and Company lowered their price objective on shares of Fortinet from $41.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, October 23rd. FBR & Co. lowered their price objective on shares of Fortinet from $52.00 to $44.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Dougherty & Co reduced their target price on shares of Fortinet from $60.00 to $51.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Finally, RBC Capital reduced their target price on shares of Fortinet from $48.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, October 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company. Fortinet currently has a consensus rating of “Buy” and a consensus target price of $45.45.

In related news, VP Michael Xie sold 2,887 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $34.78, for a total value of $100,409.86. Following the completion of the transaction, the vice president now directly owns 6,284,400 shares of the company’s stock, valued at approximately $218,571,432. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher B. Paisley sold 6,000 shares of the stock in a transaction on Monday, November 16th. The shares were sold at an average price of $33.05, for a total value of $198,300.00. Following the completion of the transaction, the director now directly owns 52,699 shares of the company’s stock, valued at $1,741,701.95. The disclosure for this sale can be found here.

Fortinet Inc (NASDAQ:FTNT) opened at 27.21 on Tuesday. Fortinet Inc has a 12-month low of $23.64 and a 12-month high of $50.31. The stock has a market cap of $4.69 billion and a P/E ratio of 272.10. The company has a 50 day moving average of $30.46 and a 200-day moving average of $38.88.

Fortinet, Inc. provides cyber security solutions to enterprise, service providers and government organizations across the world. The Company’s network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company’s’ FortiGate appliances may be deployed as Next Generation Firewalls (NASDAQ:FTNT), Data Center Firewalls (DCFW), Unified Threat Management (UTM) systems, Internal Network Firewall (INFW), Virtual Machine Firewalls or Cloud Firewalls. The FortiGate appliances range from the FortiGate-20 series for small businesses and branch offices to the FortiGate-5000 series for enterprises and service providers, and are based on its technology platform. Its security services are based on intelligence gathered by its FortiGuard Labs team.

12 Month Chart for NASDAQ:FTNT

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