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Fortinet (GB:0IR9)
LSE:0IR9
Holding GB:0IR9?
Track your performance easily
0IR9 Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.64 - $78.07
Previous Close$74.89
Volume6.05K
Average Volume (3M)25.18K
Market Cap
$57.87B
Enterprise Value$54.78B
Total Cash (Recent Filing)$3.34B
Total Debt (Recent Filing)$993.30M
Price to Earnings (P/E)44.3
Beta0.26
Next Earnings
Oct 31, 2024EPS Estimate
$0.52Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.69
Shares Outstanding764,907,985
10 Day Avg. Volume6,875
30 Day Avg. Volume25,185
Standard Deviation0.50
R-Squared0.02
Alpha0.10
Financial Highlights & Ratios
Price to Book (P/B)200.68
Price to Sales (P/S)10.32
Price to Cash Flow (P/CF)41.80
P/FCF Ratio44.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.89
Enterprise Value/Gross Profit13.47
Enterprise Value/Ebitda32.91
Forecast
1Y Price Target
$72.57Price Target Upside-4.39% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering28
Fortinet News
PremiumMarket News
QQQ ETF Update, 9/18/2024 
PremiumMarket News
QQQ ETF Update, 9/13/2024 
PremiumMarket News
QQQ ETF Update, 9/10/2024 
PremiumMarket News
QQQ ETF Update, 9/6/2024 PremiumMarket News
QQQ ETF Update, 9/4/2024 Bulls Say, Bears Say
Bulls Say
Financial PerformanceTotal revenue grew 11% Y/Y to $1.43B, above the Street's ~$1.41B estimate.
Market PositionFTNT is the leading provider of Unified Threat Management (UTM) appliances, which provide various consolidated network security capabilities for companies and service providers.
Product And Service GrowthService gross margin increase was primarily driven by slower labor and other cost growth and a revenue mix shift towards higher margin security subscription services.
Bears Say
Data BreachFortinet confirmed it experienced a data breach in response to inquiries from Bleeping Computer after a threat actor posted on a hacking forum, claiming to have stolen data from FTNT’s Azure SharePoint server.
IT SpendingThe IT spending backdrop remains soft, which doesn't help FTNT’s cause.
Revenue DependencyOne distributor accounted for 30% of FTNT's total revenue, indicating a high dependency on a single distributor.
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Options Prices
Currently, No data available
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Ownership Overview
16.22% Insiders
18.85% Mutual Funds
40.16% Other Institutional Investors
24.77% 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 $78.07 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 Oct 31, 2024 which is in 41 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Aug 06, 2024. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.409 by $0.161.
Is Fortinet overvalued?
According to Wall Street analysts Fortinet’s price is currently Overvalued.
Does Fortinet pay dividends?
Fortinet does not currently pay dividends.
What is Fortinet’s EPS estimate?
Fortinet’s EPS estimate is $0.52.
How many shares outstanding does Fortinet have?
Fortinet has 764,907,960 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.57 in its last earnings report, beating expectations of $0.409. Following the earnings report the stock price went up 25.266%.
Which hedge fund is a major shareholder of Fortinet?
Among the largest hedge funds holding Fortinet’s share is Lannebo Fonder AB. It holds Fortinet’s shares valued at 23M.
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Fortinet Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$72.57 (-4.39% Downside)
$72.57 (-4.39% Downside)
Blogger Sentiment
Bullish
GB:0IR9 Sentiment 88%
Sector Average 65%
Sector Average 65%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
25.18%
12-Months-Change
Fundamentals
Return on Equity
430.88%
Trailing 12-Months
Asset Growth
7.57%
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
Q2 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 Month Forecast
Average Price Target
$72.57
▼(-4.39% Downside)
Technical Analysis
Fortinet
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CrowdStrike Holdings
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Palo Alto Networks
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Check Point
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CyberArk Software
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Best Analysts Covering 0IR9
1 Year
1 Year Success Rate
38/46 ratings generated profit
1 Year Average Return
+36.84%
assigned a buy rating last month
Copying Shaul Eyal's trades and holding each position for 1 Year would result in 82.61% of your transactions generating a profit, with an average return of +36.84% per trade.
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