Based on the Fortinet Inc stock forecast from 29 analysts, the average analyst target price for Fortinet Inc is USD 104.28 over the next 12 months. Fortinet Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Fortinet Inc is Slightly Bullish , which is based on 9 positive signals and 6 negative signals. At the last closing, Fortinet Inc’s stock price was USD 99.20. Fortinet Inc’s stock price has changed by +12.54% over the past week, +3.06% over the past month and +53.85% over the last year.
No recent analyst target price found for Fortinet Inc
No recent average analyst rating found for Fortinet Inc
Company Overview Fortinet Inc
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Read Less
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hype...Read More
Frequently Asked Questions About Fortinet Inc (FTNT) Stock
Based on ratings from 29 analysts Fortinet Inc's stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 25 buy, 2 sell and 25 hold ratings.
Unfortunately we do not have enough data on FTNT's stock to indicate if its a good dividend stock.
Based on targets from 29 analysts, the average taret price for FTNT is USD 104.28 over the next 12 months. The maximum analyst target price is USD 135 while the minimum anlayst target price is USD 75.
FTNT stock's Price/Earning ratio is 37.48.
Our analysis grades FTNT stock's Price / Earning ratio at F. This means that FTNT stock's Price/Earning ratio is above 67% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this FTNT may be a overvalued for its sector.
The last closing price of FTNT's stock was USD 99.20.
The most recent market capitalization for FTNT is USD 65.14B.
Based on targets from 29 analysts, the average taret price for FTNT is projected at USD 104.28 over the next 12 months.
This means that FTNT's stock price may go up by +5.12% over the next 12 months.
We can't find any ETFs which contains Fortinet Inc's stock.
As per our most recent records Fortinet Inc has 14,138 Employees.
Fortinet Inc's registered address is 909 Kifer Road, Sunnyvale, CA, United States, 94086.
You can get more information about it from Fortinet Inc's website at https://www.fortinet.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Fortinet Inc (FTNT) Stock
Based on ratings from 29 analysts Fortinet Inc's stock is Buy . Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 25 buy, 2 sell and 25 hold ratings.
Unfortunately we do not have enough data on FTNT's stock to indicate if its a good dividend stock.
Based on targets from 29 analysts, the average taret price for FTNT is USD 104.28 over the next 12 months. The maximum analyst target price is USD 135 while the minimum anlayst target price is USD 75.
FTNT stock's Price/Earning ratio is 37.48.
Our analysis grades FTNT stock's Price / Earning ratio at F. This means that FTNT stock's Price/Earning ratio is above 67% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this FTNT may be a overvalued for its sector.
The last closing price of FTNT's stock was USD 99.20.
The most recent market capitalization for FTNT is USD 65.14B.
Based on targets from 29 analysts, the average taret price for FTNT is projected at USD 104.28 over the next 12 months.
This means that FTNT's stock price may go up by +5.12% over the next 12 months.
We can't find any ETFs which contains Fortinet Inc's stock.
As per our most recent records Fortinet Inc has 14,138 Employees.
Fortinet Inc's registered address is 909 Kifer Road, Sunnyvale, CA, United States, 94086.
You can get more information about it from Fortinet Inc's website at https://www.fortinet.com.
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