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Fortinet (GB:0IR9)
LSE:0IR9
Fortinet (0IR9) Share Price & Analysis
0 Followers
0IR9 Stock Chart & Stats
Day’s Range$64.1 - $65.1
52-Week Range― - ―
Previous Close$64
Volume2.78K
Average Volume (3M)N/A
Market Cap
$49.44B
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)N/A
BetaN/A
Next Earnings
May 02, 2024EPS Estimate
$0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$76.07Price Target Upside18.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering32
Fortinet News
Bulls Say, Bears Say
Bulls Say
Market PositionRecent entry into Gartner’s SSE Magic Quadrant validates FTNT's expanding presence in the SASE market.
Product DevelopmentFTNT is adding enhanced digital experience monitoring, remote browser isolation, advanced data loss prevention functionality, and support for third-party SD-WAN connectivity.
Strategic DirectionFTNT’s stance on the convergence of security and networking has been reinforced for the fifth-straight year, indicating a strong strategic direction and competitive moat in these areas.
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 PerformanceFortinet sales were flat this quarter due to internal restructuring of the inside sales department.
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Options Prices
Currently, No data available
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Ownership Overview
16.24% Insiders
17.73% Mutual Funds
23.91% Other Institutional Investors
42.13% Public Companies and
Individual Investors
0IR9 FAQ
What was Fortinet’s price range in the past 12 months?
Currently, no data Available
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 May 02, 2024 which is in 5 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Feb 06, 2024. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.432 by $0.078.
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 $0.38.
How many shares outstanding does Fortinet have?
Currently, no data Available
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.51 in its last earnings report, beating expectations of $0.432. Following the earnings report the stock price went up 2.697%.
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:
$76.07 (18.54% Upside)
$76.07 (18.54% Upside)
Blogger Sentiment
Bullish
GB:0IR9 Sentiment 91%
Sector Average 69%
Sector Average 69%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1.23%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
16.55%
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
Q4 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
$76.07
▲(18.54% Upside)
Technical Analysis
Best Analysts Covering 0IR9
1 Year
1 Year Success Rate
11/13 ratings generated profit
1 Year Average Return
+10.42%
reiterated a buy rating 3 months 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 +10.42% per trade.
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