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Fortinet (FTNT)
NASDAQ:FTNT
Fortinet (FTNT) Stock Price & Analysis
3,416 Followers
FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$42.61 - $71.29
Previous Close$68.33
Volume6.61M
Average Volume (3M)4.55M
Market Cap
$53.82B
Enterprise Value$51.93B
Total Cash (Recent Filing)$2.88B
Total Debt (Recent Filing)$990.90M
Price to Earnings (P/E)56.3
Beta1.54
Next Earnings
Aug 02, 2023EPS Estimate
$0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.21
Shares Outstanding788,431,680
10 Day Avg. Volume5,348,413
30 Day Avg. Volume4,548,029
Standard Deviation0.12
R-Squared0.29
Alpha0.03
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)42.81
Price to Cash Flow (P/CF)N/A
P/FCF Ratio18.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.41
Enterprise Value/Gross Profit23.15
Enterprise Value/Ebitda43.96
Forecast
1Y Price Target
$75.90Price Target Upside11.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
Fortinet News
Market NewsFortinet Gains after Solid Q1 Results
Pre-EarningsFTNT Upcoming Earnings Report: What to Expect?
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Product Insights
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 $42.61 and its highest was $71.29 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 02, 2023 which is in 62 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on May 04, 2023. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.287 by $0.053.
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 $0.34.
How many shares outstanding does Fortinet have?
Fortinet has 785,196,170 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.34 in its last earnings report, beating expectations of $0.287. Following the earnings report the stock price went up 5.574%.
Which hedge fund is a major shareholder of Fortinet?
Among the largest hedge funds holding Fortinet’s share is Viking Global Investors LP. It holds Fortinet’s shares valued at 789M.
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Fortinet Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$75.90 (11.08% Upside)
$75.90 (11.08% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 94%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 5.2M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $105.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 5.1%
Last 30 Days ▲ 5.1%
News Sentiment
Neutral
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
16.15%
12-Months-Change
Fundamentals
Return on Equity
843.82%
Trailing 12-Months
Asset Growth
20.90%
Trailing 12-Months
Learn more about TipRanks Smart Score
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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Top 5 ETFs holding FTNT
Vanguard S&P 500 ETF
$959.60M
Invesco QQQ Trust
$695.73M
SPDR S&P 500 ETF Trust
$482.50M
SPDR S&P 500 ETF Trust CDI
$482.50M
iShares Core S&P 500 ETF
$388.87M
Up to five ETFs with an Outperform Smart Score that hold FTNT. The ETFs are listed according to market value of FTNT within the ETF
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