Fortinet, Inc. (FTNT)
- Previous Close
64.66 - Open
64.77 - Bid 63.94 x 4500
- Ask 64.13 x 1600
- Day's Range
63.53 - 65.01 - 52 Week Range
44.12 - 81.24 - Volume
3,085,510 - Avg. Volume
5,900,512 - Market Cap (intraday)
48.857B - Beta (5Y Monthly) 1.07
- PE Ratio (TTM)
43.86 - EPS (TTM)
1.46 - Earnings Date May 2, 2024
- Forward Dividend & Yield --
- Ex-Dividend Date --
- 1y Target Est
75.60
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.com13,568
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: FTNT
Performance Overview: FTNT
Trailing total returns as of 4/18/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: FTNT
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Statistics: FTNT
Valuation Measures
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
Fair Value
Analyst Recommendations
Earnings
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.
RatingBullishPrice TargetFTNT: 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.
RatingBullishPrice TargetLarge 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.
RatingNeutralPrice Target