Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
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$58.83
Volume10.79K
Average Volume (3M)40.85K
Market Cap
$45.55B
Enterprise Value$44.11B
Total Cash (Recent Filing)$2.44B
Total Debt (Recent Filing)$992.30M
Price to Earnings (P/E)38.4
Beta0.60
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. Volume42,908
30 Day Avg. Volume40,847
Standard Deviation0.11
R-Squared0.12
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)-72.53
Price to Sales (P/S)30.39
Price to Cash Flow (P/CF)59.10
P/FCF Ratio67.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.13
Enterprise Value/Gross Profit10.84
Enterprise Value/Ebitda31.45
Forecast
1Y Price Target
$72.13Price Target Upside22.61% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering28
Fortinet News
PremiumCompany Announcements
Fortinet’s $1 Billion Repurchase Puzzle: Strategic Shift or Lost Confidence?
Bulls Say, Bears Say
Bulls Say
Financial PerformanceStrong service revenue growth is seen as Fortinet's total service revenue reached $944.4M, marking a significant increase of 24%, demonstrating robust demand for FortiGuard and other security subscriptions.
Market ExpansionThe company is expanding its Total Addressable Market as more enterprise customers consider a dual vendor strategy, enhancing Fortinet's opportunities within the SASE market.
Product DemandFortinet's SASE and SecOps offerings are gaining traction, with management noting encouraging performance and a healthy replacement market for firewalls, signaling sustained product demand.
Bears Say
Financial PerformanceTotal billings fell by 6% Y/Y, coming in below the Street's forecast.
Revenue ChallengesProduct revenue declined by a large 18% Y/Y, indicating significant challenges in that area.
Sales Strategy ConcernsSales compensation changes: FTNT 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.
---
Options Prices
Currently, No data available
---
Ownership Overview
16.22% Insiders
17.77% Mutual Funds
26.96% Other Institutional Investors
39.05% 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 83 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 -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.
---
Fortinet Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$72.13 (22.61% Upside)
$72.13 (22.61% 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
-9.76%
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.
---
0IR9 Company Deck
---
0IR9 Earnings Call
Q1 2024
0:00 / 0:00
---
0IR9 Revenue Breakdown
63.67% Services
36.33% Product
---
0IR9 Stock 12 Month Forecast
Average Price Target
$72.13
▲(22.61% Upside)
Technical Analysis
Best Analysts Covering 0IR9
1 Year
1 Year Success Rate
16/20 ratings generated profit
1 Year Average Return
+37.41%
assigned a buy rating 8 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 +37.41% per trade.
---