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Fortinet, Inc. (FTNT)

63.13 -0.90 (-1.41%)
As of 2:47 PM EDT. Market Open.
Loading Chart for FTNT
DELL
  • Previous Close 64.03
  • Open 63.79
  • Bid 63.01 x 1300
  • Ask 63.21 x 2200
  • Day's Range 63.02 - 64.41
  • 52 Week Range 44.12 - 81.24
  • Volume 2,171,360
  • Avg. Volume 5,900,512
  • Market Cap (intraday) 48.17B
  • Beta (5Y Monthly) 1.07
  • PE Ratio (TTM) 43.24
  • EPS (TTM) 1.46
  • Earnings Date May 2, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 75.47

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. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

www.fortinet.com

13,568

Full Time Employees

December 31

Fiscal Year Ends

Recent News: FTNT

Performance Overview: FTNT

Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

FTNT
7.86%
S&P 500
3.93%

1-Year Return

FTNT
6.92%
S&P 500
19.32%

3-Year Return

FTNT
53.22%
S&P 500
18.44%

5-Year Return

FTNT
246.56%
S&P 500
70.65%

Compare To: FTNT

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Statistics: FTNT

Valuation Measures

As of 4/18/2024
  • Market Cap

    48.83B

  • Enterprise Value

    47.38B

  • Trailing P/E

    43.83

  • Forward P/E

    37.59

  • PEG Ratio (5yr expected)

    1.72

  • Price/Sales (ttm)

    9.51

  • Price/Book (mrq)

    --

  • Enterprise Value/Revenue

    8.93

  • Enterprise Value/EBITDA

    32.27

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    21.64%

  • Return on Assets (ttm)

    11.46%

  • Return on Equity (ttm)

    --

  • Revenue (ttm)

    5.3B

  • Net Income Avi to Common (ttm)

    1.15B

  • Diluted EPS (ttm)

    1.46

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.44B

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    1.44B

Research Analysis: FTNT

Analyst Price Targets

50.00 Low
75.47 Average
63.13 Current
91.50 High
 

Fair Value

Near Fair Value
% Return
63.13 Current
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Earnings

Consensus EPS
 

Research Reports: FTNT

  • FTNT: Lowering target price to $71.00

    FORTINET INC has an Investment Rating of BUY; a target price of $71.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Bullish
    Price Target
     
  • FTNT: Rating increased to a BUY

    FORTINET INC has an Investment Rating of BUY; a target price of $72.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Bullish
    Price Target
     
  • Large Cap US Pick List - April 2024

    This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

     
  • FTNT: Raising target price to $72.00

    FORTINET INC has an Investment Rating of HOLD; a target price of $72.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Neutral
    Price Target
     

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