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Fortinet (FTNT)
NASDAQ:FTNT
Fortinet (FTNT) Stock Price & Analysis
4,834 Followers
FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$44.12 - $81.24
Previous Close$59.85
Volume4.20M
Average Volume (3M)5.65M
Market Cap
$45.72B
Enterprise Value$44.27B
Total Cash (Recent Filing)$2.44B
Total Debt (Recent Filing)$992.30M
Price to Earnings (P/E)39.0
Beta1.36
Next Earnings
Aug 01, 2024EPS Estimate
$0.41Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.53
Shares Outstanding763,938,008
10 Day Avg. Volume6,130,564
30 Day Avg. Volume5,650,736
Standard Deviation0.11
R-Squared0.23
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-71.56
Price to Sales (P/S)31.61
Price to Cash Flow (P/CF)58.30
P/FCF Ratio66.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.16
Enterprise Value/Gross Profit10.88
Enterprise Value/Ebitda31.14
Forecast
1Y Price Target
$70.36Price Target Upside15.33% Upside
Rating ConsensusHold
Number of Analyst Covering31
Fortinet News
Bulls Say, Bears Say
Bulls Say
Cross-Selling OpportunitiesGiven that FTNT has an installed base over 700K+ and Lacework offers a production-ready CNAPP solution, they can begin cross-selling it immediately.
Market ExpansionManagement anticipates this deal to significantly expand its Total Addressable Market (TAM).
Technological AdvantageLacework's technology should provide Fortinet customers with better context on potential threats and risks across users, devices, and environments.
Bears Say
CompetitionThe CNAPP market is intensely competitive with vendors such as Palo Alto Networks, CrowdStrike, and Wiz dominating the space and multiple smaller vendors playing in the segment.
Financial PerformanceTotal billings fell by 6% Y/Y and came in below the Street's -5% forecast.
Sales ExecutionFTNT added a risk regarding implementing new sales compensation plans and the potential for a negative impact on the company's ability to execute and grow sales.
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Ownership Overview
16.22% Insiders
18.86% Mutual Funds
22.63% Other Institutional Investors
42.28% 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 30 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 is $0.41.
How many shares outstanding does Fortinet have?
Fortinet has 763,938,000 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 Lannebo Fonder AB. It holds Fortinet’s shares valued at 27M.
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Fortinet Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$70.36 (15.33% Upside)
$70.36 (15.33% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 87%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 2.6%
Last 30 Days ▼ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.82%
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
$70.36
▲(15.33% Upside)
Technical Analysis
Best Analysts Covering FTNT
1 Year
1 Year Success Rate
15/19 ratings generated profit
1 Year Average Return
+36.62%
assigned a buy rating 2 months ago
Copying Daniel Ives's trades and holding each position for 1 Year would result in 78.95% of your transactions generating a profit, with an average return of +36.62% per trade.
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