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Fortinet (FTNT)
NASDAQ:FTNT
Fortinet (FTNT) Stock Price & Analysis
4,642 Followers
FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$44.12 - $81.24
Previous Close$58.88
Volume15.90M
Average Volume (3M)5.52M
Market Cap
$44.93B
Enterprise Value$43.48B
Total Cash (Recent Filing)$2.44B
Total Debt (Recent Filing)$992.30M
Price to Earnings (P/E)38.4
Beta1.22
Next Earnings
Aug 01, 2024EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.53
Shares Outstanding763,030,948
10 Day Avg. Volume5,644,580
30 Day Avg. Volume5,520,631
Standard Deviation0.11
R-Squared0.27
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-71.86
Price to Sales (P/S)31.75
Price to Cash Flow (P/CF)58.60
P/FCF Ratio66.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.00
Enterprise Value/Gross Profit10.69
Enterprise Value/Ebitda31.01
Forecast
1Y Price Target
$72.64Price Target Upside23.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering33
Fortinet News
PremiumCompany Announcements
Fortinet’s $1 Billion Repurchase Puzzle: Strategic Shift or Lost Confidence?
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBetter profitability and free cash flow than anticipated.
Market ExpansionMore enterprise customers considering a dual vendor strategy could expand the Total Addressable Market for FTNT's SASE offerings.
Product DemandThe replacement market for firewalls is healthy, indicating ongoing demand for FTNT's products.
Bears Say
Financial PerformanceBillings of $1.41B down (7%) year-over-year at the low end of guidance.
Market And CompetitionCompetition remains fierce in SASE and SecOps, and skepticism exists whether new initiatives can truly move the needle on growth for FTNT.
Product RevenueHealthy subscription growth was offset by a -18% year-on-year decline in Product revenue growth.
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Ownership Overview
16.24% Insiders
17.79% Mutual Funds
25.98% Other Institutional Investors
39.99% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FTNT FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was $44.12 and its highest was $81.24 in the past 12 months.
What is Fortinet’s market cap?
Currently, no data Available
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Aug 01, 2024 which is in 85 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on May 02, 2024. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.384 by $0.046.
Is Fortinet overvalued?
According to Wall Street analysts Fortinet’s price is currently Undervalued.
Does Fortinet pay dividends?
Fortinet does not currently pay dividends.
What is Fortinet’s EPS estimate?
Fortinet’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Fortinet have?
Fortinet has 763,030,940 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.43 in its last earnings report, beating expectations of $0.384. Following the earnings report the stock price went down -9.693%.
Which hedge fund is a major shareholder of Fortinet?
Among the largest hedge funds holding Fortinet’s share is Woodline Partners LP. It holds Fortinet’s shares valued at 59M.
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Fortinet Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$72.64 (23.37% Upside)
$72.64 (23.37% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 92%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 5.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.66%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
12.15%
Trailing 12-Months
Company Description
Fortinet
Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.
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FTNT Company Deck
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FTNT Earnings Call
Q1 2024
0:00 / 0:00
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FTNT Revenue Breakdown
63.67% Services
36.33% Product
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FTNT Stock 12 Month Forecast
Average Price Target
$72.64
▲(23.37% Upside)
Technical Analysis
Best Analysts Covering FTNT
1 Year
1 Year Success Rate
15/20 ratings generated profit
1 Year Average Return
+37.18%
assigned a buy rating 6 days ago
Copying Daniel Ives's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +37.18% per trade.
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