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Fortinet (GB:0IR9)
LSE:0IR9
Fortinet (0IR9) Share Price & Analysis
0 Followers
0IR9 Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.64 - $81.20
Previous Close$59.4
Volume23.09K
Average Volume (3M)53.09K
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)38.7
Beta0.60
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. Volume42,908
30 Day Avg. Volume53,093
Standard Deviation0.11
R-Squared0.12
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)-79.57
Price to Sales (P/S)30.35
Price to Cash Flow (P/CF)64.90
P/FCF Ratio73.60
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 Upside22.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering33
Fortinet News
PremiumEarning Releases
Fortinet Earnings Update: Did it Beat Estimate Forecasts?
Bulls Say, Bears Say
Bulls Say
Financial OutlookAnalyst recommends a BUY rating with a price objective of 87.00 USD, indicating a potential upside from the current price.
Market OpportunityFortinet is strategically positioned to capture a unique segment of the SASE market, providing a major price advantage.
Product DevelopmentThe company's expansion into digital experience monitoring and advanced data loss prevention functionality strengthens its product offering.
Bears Say
Financial GuidanceFTNT provided guidance for the upcoming year, factoring in a $100 million decrease in guided billings compared to the previous year.
Market CompetitionCompetition remains fierce in SASE and SecOps, and skepticism exists whether new initiatives can truly move the needle on growth for FTNT.
Sales PerformanceBillings slightly missed expectations due to only one $10+ million deal, compared to six in the previous quarter.
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Options Prices
Currently, No data available
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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
0IR9 FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest share price was $43.64 and its highest was $81.20 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 89 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 -8.127%.
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 (22.30% Upside)
$72.64 (22.30% Upside)
Blogger Sentiment
Bullish
GB:0IR9 Sentiment 92%
Sector Average 68%
Sector Average 68%
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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0IR9 Company Deck
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0IR9 Earnings Call
Q1 2024
0:00 / 0:00
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0IR9 Revenue Breakdown
63.67% Services
36.33% Product
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0IR9 Stock 12 Months Forecast
Average Price Target
$72.64
▲(22.30% Upside)
Technical Analysis
Best Analysts Covering 0IR9
1 Year
1 Year Success Rate
11/13 ratings generated profit
1 Year Average Return
+10.22%
reiterated a buy rating 2 days ago
Copying Hamza Fodderwala's trades and holding each position for 1 Year would result in 84.62% of your transactions generating a profit, with an average return of +10.22% per trade.
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