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Fortinet (FTNT)
NASDAQ:FTNT
Fortinet (FTNT) Stock Price & Analysis
4,701 Followers
FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$44.12 - $81.24
Previous Close$61.43
Volume2.80M
Average Volume (3M)5.41M
Market Cap
$46.93B
Enterprise Value$45.48B
Total Cash (Recent Filing)$2.44B
Total Debt (Recent Filing)$992.30M
Price to Earnings (P/E)40.1
Beta1.25
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. Volume7,522,214
30 Day Avg. Volume5,414,341
Standard Deviation0.11
R-Squared0.27
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)-74.83
Price to Sales (P/S)33.16
Price to Cash Flow (P/CF)61.00
P/FCF Ratio69.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.41
Enterprise Value/Gross Profit11.18
Enterprise Value/Ebitda32.43
Forecast
1Y Price Target
$70.46Price Target Upside14.70% Upside
Rating ConsensusHold
Number of Analyst Covering29
Fortinet News
PremiumCompany Announcements
Fortinet’s $1 Billion Repurchase Puzzle: Strategic Shift or Lost Confidence?
Bulls Say, Bears Say
Bulls Say
Competitive AdvantageA competitive advantage lies in providing a single, integrated platform for improved scalability and management over competitors' fragmented approaches.
Market PositionFTNT is the leading provider of Unified Threat Management (UTM) appliances, indicating a strong market position.
Sales StrategyIncreased cross-selling of SASE/SecOps and a focus on sales metrics exemplify proactive sales strategies and potential for revenue growth.
Bears Say
Financial GuidanceForecasting declining free cash flow for FY24 due to lower year-on-year billings growth, margin contraction, and higher capex.
Product SalesProduct revenue declined by a large 18% Y/Y, indicating significant challenges in that area.
Sales StrategyFTNT signed just one eight-figure transaction this quarter versus six in the prior quarter, showing a decrease in large deals.
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Ownership Overview
16.22% Insiders
17.82% Mutual Funds
34.93% Other Institutional Investors
31.03% 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 74 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 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
Hold
Average Price Target:
$70.46 (14.70% Upside)
$70.46 (14.70% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 5.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 1.7%
Last 30 Days ▼ 1.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-10.22%
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
$70.46
▲(14.70% Upside)
Technical Analysis
Best Analysts Covering FTNT
1 Year
1 Year Success Rate
16/20 ratings generated profit
1 Year Average Return
+38.00%
assigned a buy rating 16 days ago
Copying Daniel Ives's trades and holding each position for 1 Year would result in 80.00% of your transactions generating a profit, with an average return of +38.00% per trade.
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