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Fortinet, Inc. (FTNT)

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78.01 +1.03 (+1.34%)
At close: October 4 at 4:00 PM EDT
78.10 +0.09 (+0.12%)
After hours: October 4 at 7:48 PM EDT
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DELL
  • Previous Close 76.98
  • Open 77.76
  • Bid 77.98 x 700
  • Ask 78.03 x 700
  • Day's Range 76.82 - 78.20
  • 52 Week Range 44.12 - 78.50
  • Volume 3,144,257
  • Avg. Volume 5,138,151
  • Market Cap (intraday) 59.67B
  • Beta (5Y Monthly) 1.00
  • PE Ratio (TTM) 46.16
  • EPS (TTM) 1.69
  • Earnings Date Nov 7, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 73.79

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

13,527

Full Time Employees

December 31

Fiscal Year Ends

Recent News: FTNT

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Performance Overview: FTNT

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

FTNT
33.28%
S&P 500
20.57%

1-Year Return

FTNT
35.41%
S&P 500
35.98%

3-Year Return

FTNT
30.89%
S&P 500
31.99%

5-Year Return

FTNT
404.14%
S&P 500
97.59%

Compare To: FTNT

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Statistics: FTNT

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    59.67B

  • Enterprise Value

    57.32B

  • Trailing P/E

    46.16

  • Forward P/E

    33.90

  • PEG Ratio (5yr expected)

    1.64

  • Price/Sales (ttm)

    10.93

  • Price/Book (mrq)

    207.05

  • Enterprise Value/Revenue

    10.35

  • Enterprise Value/EBITDA

    33.83

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    23.71%

  • Return on Assets (ttm)

    11.60%

  • Return on Equity (ttm)

    430.88%

  • Revenue (ttm)

    5.54B

  • Net Income Avi to Common (ttm)

    1.31B

  • Diluted EPS (ttm)

    1.69

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.34B

  • Total Debt/Equity (mrq)

    373.42%

  • Levered Free Cash Flow (ttm)

    1.41B

Research Analysis: FTNT

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.43B
Earnings 379.8M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

62.00 Low
73.79 Average
78.01 Current
91.50 High
 

Company Insights: FTNT

Research Reports: FTNT

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  • Lowering target price to $84.00

    FORTINET INC has an Investment Rating of BUY; a target price of $84.000000; 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
    Price Target
     
  • Lowering target price to $83.00

    FORTINET INC has an Investment Rating of BUY; a target price of $83.000000; 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
    Price Target
     
  • Lowering target price to $84.00

    FORTINET INC has an Investment Rating of BUY; a target price of $84.000000; 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
    Price Target
     
  • Raising target price to $84.00

    FORTINET INC has an Investment Rating of BUY; a target price of $84.000000; 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
    Price Target
     

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