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Fortinet (FTNT)
NASDAQ:FTNT
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FTNT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$54.57 - $101.00
Previous CloseN/A
Volume1.49M
Average Volume (3M)4.00M
Market Cap
$74.69B
Enterprise Value$57.15B
Total Cash (Recent Filing)$1.09B
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)48.8
Beta1.04
Next Earnings
Feb 06, 2025EPS Estimate
0.61Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.98
Shares Outstanding766,452,700
10 Day Avg. Volume4,141,092
30 Day Avg. Volume3,998,808
Standard Deviation0.11
R-Squared0.23
Alpha0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)13.01
Price to Cash Flow (P/CF)30.50
P/FCF Ratio32.50
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue10.01
Enterprise Value/Gross Profit14.05
Enterprise Value/Ebitda29.10
Forecast
1Y Price Target
$102.07Price Target Upside5.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering31
Fortinet News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceFTNT reported robust non-GAAP gross margins of 81.5% and operating margins of 35.1%, which was significantly above guidance.
Product GrowthNew product initiatives are seeing solid demand with Unified SASE ARR up 22% YoY, with SSE growth ARR up a significant 500%.
Strategic AcquisitionFTNT announced its acquisition of Perception Point, an innovative Israeli advanced collaboration/email security provider, enhancing FTNT’s ability to secure cloud-native/hybrid environments.
Bears Say
Financial PerformanceBillings growth, a key metric, has moved from 30%+ growth to negative over the past few years, indicating the biggest boom/bust cycle in company history.
Management And StrategyThe departure of key personnel, such as the CMO and EVP of Products, raises concerns about Fortinet’s ability to gain share in the SASE market.
Market PositionVery limited adoption of FTNT's SASE solutions has been observed, and some partners are viewing FTNT as less well-positioned to benefit from vendor consolidation going forward.
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Ownership Overview
19.58% Insiders
14.56% Mutual Funds
0.74% Other Institutional Investors
39.44% 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 $54.57 and its highest was $101.00 in the past 12 months.
What is Fortinet’s market cap?
Fortinet’s market cap is $74.69B.
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Feb 06, 2025 which is in 10 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Nov 07, 2024. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.518 by $0.112.
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 is 0.61.
How many shares outstanding does Fortinet have?
Fortinet has 766,452,700 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.63 in its last earnings report, beating expectations of $0.518. Following the earnings report the stock price went up 9.99%.
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 46M.
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Fortinet Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$102.07 (5.34% Upside)
$102.07 (5.34% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 88%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 519.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 6.3%
Last 30 Days ▲ 6.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.57%
12-Months-Change
Fundamentals
Return on Equity
168.47%
Trailing 12-Months
Asset Growth
18.35%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and growth in key areas such as Unified SASE and security operations, with record margins and revenue growth. However, there were concerns about the maturation of large deals and moderate product revenue growth, which could impact future billings.Read More>---
FTNT Revenue Breakdown
41.00% Americas
39.08% EMEA
19.92% APAC
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FTNT Stock 12 Month Forecast
Average Price Target
$102.07
▲(5.34% Upside)
Technical Analysis
Best Analysts Covering FTNT
1 Year
1 Year Success Rate
12/14 ratings generated profit
1 Year Average Return
+20.62%
upgraded a buy rating 21 days ago
Copying Rob Owens's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +20.62% per trade.
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