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Fortinet (FTNT)
NASDAQ:FTNT
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FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$50.65 - $100.59
Previous Close$92.45
Volume4.34M
Average Volume (3M)4.56M
Market Cap
$69.59B
Enterprise Value$66.88B
Total Cash (Recent Filing)$3.70B
Total Debt (Recent Filing)$993.80M
Price to Earnings (P/E)46.6
Beta1.06
Next Earnings
Feb 11, 2025EPS Estimate
$0.61Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.98
Shares Outstanding766,452,698
10 Day Avg. Volume7,484,389
30 Day Avg. Volume4,563,094
Standard Deviation0.11
R-Squared0.21
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)78.35
Price to Sales (P/S)12.19
Price to Cash Flow (P/CF)28.60
P/FCF Ratio30.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.71
Enterprise Value/Gross Profit16.44
Enterprise Value/Ebitda34.05
Forecast
1Y Price Target
$94.54Price Target Upside0.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering30
Fortinet News
Bulls Say, Bears Say
Bulls Say
Growth OpportunitiesManagement is targeting operating margins above 30%, a 500bps improvement over prior floors, and FCF margins in the mid-30s.
Market LeadershipFTNT commands a 53% share and is currently named a Leader in 5 relevant Magic Quadrants.
Product DemandNew product initiatives are seeing solid demand with Unified SASE ARR up 22% YoY, with SSE growth ARR up a significant 500%.
Bears Say
Financial PerformanceFTNT missed street estimates in three of the last six quarters and guided 2024 billings down slightly in each of the last two calls.
Growth OutlookThe updated 3 - 5 year growth targets offered by management were slightly disappointing, with expectations for billings and revenue to grow at a 12% average annual pace over the mid-term.
Market CompetitionCompetition remains fierce in SASE and SecOps, and skepticism exists about whether new initiatives can impact near-to-medium-term growth.
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Ownership Overview
19.58% Insiders
15.23% Mutual Funds
12.18% Other Institutional Investors
28.24% 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 $50.65 and its highest was $100.59 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 Feb 11, 2025 which is in 81 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:
$94.54 (0.55% Upside)
$94.54 (0.55% 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 ▲ 0.8%
Last 30 Days ▲ 4.0%
Last 30 Days ▲ 4.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
78.09%
12-Months-Change
Fundamentals
Return on Equity
311.53%
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
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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
$94.54
▲(0.55% Upside)
Technical Analysis
Best Analysts Covering FTNT
1 Year
1 Year Success Rate
16/19 ratings generated profit
1 Year Average Return
+26.96%
reiterated a buy rating 3 days ago
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