If You Missed Bitcoin, Nvidia, and Tesla...

Missed Bitcoin, Nvidia, or Tesla? Jeff Brown - the tech insider who called them early - says your second chance is here. On July 23rd, a new AI breakthrough could launch a market 14X bigger than the ChatGPT boom. And you can get in for as little as $50.

Fortinet Stock Is Tumbling Today: What's Sparking The Sell-Off?

Vaishali Prayag
May 08, 2025

Fortinet Inc. (NASDAQ:FTNT) shares are trading lower Thursday after the company reported first-quarter 2025 financial results.

What To Know: While adjusted earnings of 58 cents per share came in above the 53-cent consensus estimate, revenue of $1.54 billion was just in line with analyst expectations, according to Benzinga Pro.

Slightly soft guidance at the midpoint appears to be weighing on shares. Fortinet guided for second-quarter revenue of $1.59 billion to $1.65 billion, or $1.62 billion at the midpoint, versus estimates of $1.63 billion. The company also reaffirmed full-year guidance of $6.65 billion to $6.85 billion versus estimates of $6.76 billion.

Fortinet guided for second-quarter adjusted earnings of 58 cents to 60 cents per share, versus estimates of 58 cents per share, and raised its full-year earnings forecast to $2.43 to $2.49 per share versus estimates of $2.47 per share.

Product revenue increased 12.3% year-over-year to $459.1 million and service revenue rose 14.4% to $1.08 billion. Total billings reached $1.6 billion, representing a 13.5% increase from the year-ago period, while remaining performance obligations climbed 11.7% to $6.49 billion.

“We continue to accelerate our growth strategy by investing in the rapidly expanding Unified SASE and Security Operations markets, while strengthening our leadership in Secure Networking,” said Ken Xie, founder, chairman and CEO of Fortinet.

“Leveraging our deep expertise in networking and security convergence, a strong track record of AI-driven innovation, and seamless product development and integration through our FortiOS operating system, we have established ourselves as the leader in organic innovation and will continue setting the industry standard in cybersecurity.”

Several analysts also lowered price targets on Thursday, which is adding to the weakness in shares.

  • Baird analyst Shrenik Kothari maintained a Neutral rating and lowered the price target from $113 to $108.
  • Stifel analyst Adam Borg maintained a Hold rating and lowered the price target from $115 to $95.
  • Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight rating and lowered the price target from $105 to $95.
  • Scotiabank analyst Patrick Colville maintained a Sector Outperform rating and lowered the price target from $135 to $115.
  • Keybanc analyst Eric Heath maintained an Overweight rating and lowered the price target from $120 to $115.

FTNT Price Action: Fortinet shares were down 8.43% at $97.72 at the time of writing, according to Benzinga Pro.

Read Next:

  • Forget Rate Cuts This Year, Bank Of America Warns After Powell’s Hawkish Tone

Image via Shutterstock.

Continue Reading...

Popular

Christian broadcasters ask listeners to tune in to the fight for AM radio

(RNS) — Faith Radio president Scott Beigle’s quest for Christian radio started with 1070AM, a former CNN news station in Tallahassee, Florida.

Marjorie Taylor Greene: 'Muslim Takeover' Threatens American Women

Rep. Marjorie Taylor Greene (R-Ga.) has expressed her fears regarding what she believes to be the most significant threat to the freedom of American women.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Bernie Sanders Warns Of 'Concentration of Ownership' In US Companies: 'That's Power'

Bernie Sanders claims Wall Street giants hold majority of US corporations, giving them power to steer economy & politics. Wants reform & better wages

Supreme Court takes up a Republican appeal to end limits on party spending in federal elections

WASHINGTON (AP) — will take up a Republican-led drive, backed by President Donald Trump's administration, to wipe away limits on how much political parties can spend in coordination with candidates for Congress and president.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Japan launches a climate change monitoring satellite on mainstay H2A rocket's last flight

TOKYO (AP) — Japan on Sunday launched a satellite to monitor greenhouse gas emissions using its mainstay rocket, which made its final flight before it is replaced by a new flagship designed to be more cost competitive in the global space market.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Elon Musk Says 'Clear Path' To Restoring Hearing With Neuralink, But The Deaf Community Want To Have Their 'Say'

Elon Musk's Neuralink faces backlash from the deaf community after proposing brain implant technology to restore hearing, with deaf adults calling for inclusion in the research process.

Protect Your Nest Egg With These Inflation-Fighting Stocks - Ad

The Fed's warning us. Inflation just hit a 40-year high-devouring nest eggs by 7.5%. Want to dodge its bite? This "map" could be the key. Inside is a treasure trove of income stocks yielding 33% a year. It's time to fight back. But don't wait-the longer you sit, the more you lose.

China lifts a nearly 2-year ban on seafood from Japan over Fukushima wastewater

BEIJING (AP) — China has to seafood from Japan after a nearly two-year ban over the discharge of slightly radioactive wastewater from the tsunami-destroyed Fukushima nuclear power plant.

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include “surgical” price increases in the U.S. starting this fall.

How High Will Gold Surge? - Ad

Gold is on fire - hitting $3,500 and outpacing stocks, tech, even Bitcoin. Analyst Sean Brodrick called it, and now he's forecasting a surge to $6,900. But the biggest opportunity isn't bullion. It's a little-known investment that's returned up to 1,000x more than physical gold.

A hard-right lawmaker is sworn in as Greece's migration minister

ATHENS, Greece (AP) — A hard-right lawmaker was sworn in Monday as Greece’s migration minister, replacing a fellow right-wing political heavyweight who resigned following

Ivy League MBA Was A 'Waste Of Time,' Says Veteran Banker, Lists Two Key Traits Far More Relevant In The AI Age

Standard Chartered CEO Bill Winters says his MBA was a waste of time, and today's leaders need curiosity and empathy, not just technical skills.

Wall Street Legend: Trump Tariffs Will Accelerate the Greatest Wealth Transfer in History - Ad

A financial insider with decades on Wall Street has released a controversial video. He reveals the unseen connection between Trump's economic vision and a technological revolution. This hidden synergy is creating both unprecedented wealth and poverty. What can you do about it?

Japanese manufacturers are slightly more optimistic despite Trump tariff worries

TOKYO (AP) — Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan’s central bank released Tuesday, although worries persist over .

US brings charges in North Korean remote worker scheme that officials say funds weapons program

WASHINGTON (AP) — The Justice Department announced criminal charges Monday in connection with a scheme by North Korea to fund its weapons program through the salaries of remote information technology workers employed unwittingly by U.S. companies.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Trump vents online about service provider after conference call marred by glitch

WASHINGTON (AP) — On Monday afternoon, the president of the United States was just another person complaining online about his service provider.

Hong Kong's security net extends beyond arrests as small businesses pressured

HONG KONG (AP) — It’s been years since all but silenced pro-democracy activism in Hong Kong. But a crackdown on dissent in the semiautonomous Chinese city is still expanding, hitting restaurants, bookstores and other small businesses.

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

Meta, KKR, Lululemon And An Industrial Stock On CNBC's 'Final Trades'

Experts predict KKR, Lululemon, Meta Platforms, and Rockwell Automation to perform well.

US-Iran Nuclear Deal In 2025? Crypto Bettors On Polymarket See Strong Chance After Trump's Ceasefire Announcement

Cryptocurrency bettors sharply raised their odds on Monday that the United States and Iran would strike a nuclear deal in 2025 after President Donald Trump confirmed a ceasefire in the ongoing Middle East conflict.

This Is the Biggest Economic Story Nobody's Talking About (Yet) - Ad

One expert investor has recently visited Beijing, Singapore, and Hong Kong looking for the next big tech breakthrough. But it was a two-minute encounter at San Francisco's airport that stopped him dead in his tracks. It's part of a larger trend that PwC says could be worth $16 trillion and Goldman Sachs says could cost 300 million people their jobs globally.

These are the celebs who are attending Jeff Bezos’ Venice wedding

VENICE, Italy (AP) — arrived in Venice on Thursday, leading a star-studded guest list of celebrities descending on the lagoon city for the weekend wedding of Amazon founder Jeff Bezos and Lauren Sánchez.

If You Missed Bitcoin, Nvidia, and Tesla... - Ad

Missed Bitcoin, Nvidia, or Tesla? Jeff Brown - the tech insider who called them early - says your second chance is here. On July 23rd, a new AI breakthrough could launch a market 14X bigger than the ChatGPT boom. And you can get in for as little as $50.

YouTube Contributed $55 Billion To US GDP, New Report Reveals: 'The Creator Economy Is Just Getting Started,' Says CEO Neal Mohan

YouTube's creative ecosystem contributed $55 billion to the U.S. GDP in 2024, marking a $20 billion increase from 2022, as CEO Neal Mohan highlighted the growing momentum of the creator economy.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump's big bill

WASHINGTON (AP) — Senate Republicans on Monday proposed deeper , including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump's tax breaks more permanent as they unveiled draft legislation for his

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

This Stock Just Popped 30% In 5 Days — Now Expert Says It 'Looks Potentially Explosive'

Experts have been betting on the growth prospects of Oscar Health, as it surged by 16.51% on Wednesday and 32.56% in the last five days.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

Senate Republicans move to slash CFPB funding by half, risking hundreds of job cuts

NEW YORK (AP) — Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of President Trump’s “Big Beautiful Bill,” which is likely to lead to hundreds of job cuts at the nation’s financial watchdog agency.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service