|Bid||63.15 x 800|
|Ask||69.85 x 36200|
|Day's range||64.81 - 66.00|
|52-week range||35.44 - 66.27|
|PE ratio (TTM)||183.89|
|Earnings date||24 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.85|
Fortinet (FTNT) is seeing solid earnings estimate revision and has a favorable Zacks rank, making it well positioned for future earnings growth.
Tech giant IBM (IBM) has strengthened its partnership with popular cybersecurity provider Fortinet (FTNT). Both companies are expected to work jointly on IBM’s X-Force Threat Management Service, offering IBM clients Fortinet Security Fabric and IBM’s security capabilities to help detect and avoid advanced cyber threats.
Let's check out the reasons for the impressive surge in Fortinet's (FTNT) share price and consider why the company will continue its momentum in the near term as well.
In the last five years, Symantec (SYMC) has returned ~$7.7 billion to its investors through dividends and share repurchases of ~$1.5 billion. From the chart below, we can see the company’s total capital returns in the last five years. At the end of fiscal 2018, Symantec returned ~$211.0 million in capital to its investors through buybacks and dividend payments. In fiscal 2018, Symantec paid $211.0 million in dividends compared with $222.0 million paid in fiscal 2017.
On May 28, Symantec’s (SYMC) market capitalization stood at ~$13.1 billion. The market cap levels of its security service peers Fortinet (FTNT), Palo Alto Networks (PANW), and FireEye (FEYE) stood at ~$10.2 billion, ~$19.2 billion, and ~$3.2 billion, respectively.
Jim Cramer hears from Palo Alto Networks' incoming CEO Nikesh Arora and outgoing CEO Mark McLaughlin as he prepares to step down.
Symantec (SYMC) has reported improvement in its billings growth in the last five quarters, triggered by the acquisition of Blue Coat Systems and LifeLock. These acquisitions are driving the company’s enterprise security billings. The company enjoyed strong billings growth in its Enterprise Security and Consumer Digital Safety segments.
Shares of cybersecurity (HACK) company Symantec (SYMC) fell 25% in May and closed at $20.78. The stock is currently trading at $21.02, which is 11.5% higher than its 52-week low of $18.85 and 39% lower than its 52-week high of $34.20. Symantec has generated a return of -31% in the last 12 months after rising almost 19% in 2017.
Symantec (SYMC) has maintained strong operating margin growth in the last five quarters, fueled by two large acquisitions made in fiscal 2017. The acquisition of Blue Coat Systems and LifeLock drove the company’s Consumer Digital Safety business and generated cost synergies of more than $400.0 million in the last two years. The company’s strong cost synergies have been reflected in its operating margins.
Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Similarly, the market caps of other cybersecurity service providers Palo Alto Networks (PANW) and Fortinet (FTNT) came in at $18.4 billion and $9.9 billion, respectively. In the graph above, we can see a comparison of the market caps of FireEye, Palo Alto Networks, and Fortinet. On May 15, FireEye was trading at a forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of ~35.31x.
As of May 15, 30 analysts from different brokerage companies have provided ratings on FireEye (FEYE) stock. Of these analysts, 43% have given FEYE “buy” ratings, whereas almost 57% have given it “hold” ratings.
Popular intelligence-based cybersecurity operator FireEye (FEYE) continues to boost its Email Security capabilities driven by deep learning, artificial intelligence, and analytics. As per Ken Bagnall, the vice president of Email Security product management at FireEye, “Email remains one of the most challenging entry points for organizations to defend as attackers shift and develop new techniques to evade defenses.” With that in mind, FireEye Email Security is built to safeguard its users from different types of email-related cyber attacks, from commodity malware to the most sophisticated threats.
FireEye (FEYE) continues to win high-value contracts driven by the growing popularity of its innovative products and services. FireEye is also benefiting from higher IT spending across industries. Growing threats of cyberterrorism across both industries and government organizations have helped the security service provider to witness strong growth in its customer order size.
FireEye (FEYE) has maintained a stable gross margin in the last five quarters fueled by strong growth in its top line. In the chart above, we can see the company’s non-GAAP (generally accepted accounting principles) gross margin trend over the last five quarters.
FireEye’s (FEYE) US market dominates the company’s overall business. The growing popularity of FireEye’s Helix cybersecurity platform, coupled with the launch of new and innovative products covering network, email, and endpoint security technologies via threat intelligence, analytics, and orchestration features, continues to boost its market presence. In the last five quarters, business in the US region grew at a compound annual growth rate of 0.1% fueled by new contract wins and higher customer retention.
Cybersecurity provider FireEye (FEYE) is looking to turn the tide by generating stronger business. In the last five quarters, the company has continued to report net losses driven by costs related to its products and services. Moreover, to expand its market share, the company has incurred higher selling and marketing expenses.
TORONTO/KIEV (Reuters) - The U.S. government said late on Wednesday that it would seek to wrestle hundreds of thousands of infected routers and storage devices from the control of hackers who security researchers warned were planning to use the "botnet" to attack Ukraine.
TORONTO/KIEV, May 23 (Reuters) - The U.S. government said late on Wednesday that it would seek to wrestle hundreds of thousands of infected routers and storage devices from the control of hackers who security researchers warned were planning to use the "botnet" to attack Ukraine. Cisco shared technical details with the United States and Ukraine governments as well as rivals who sell security software, hardware and services.
FireEye (FEYE) continues to generate strong billings growth driven by the huge growth in its Cloud segment. The ongoing migration toward cloud computing across industries has helped FireEye to boost its billings. In the graph above, we can see the billings trend for FireEye over the last five quarters.