Fortinet Inc (FTNT)

NASDAQ
Currency in USD
109.98
+2.28(+2.12%)
Closed
After Hours
110.30+0.32(+0.29%)
FTNT Scorecard
Full Analysis
16 analysts have revised their earnings upwards for the upcoming period
Fair Value
Day's Range
107.61110.03
52 wk Range
54.57110.99
Key Statistics
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Prev. Close
107.7
Open
108.99
Day's Range
107.61-110.03
52 wk Range
54.57-110.99
Volume
3.41M
Average Volume (3m)
4.49M
1-Year Change
55.16%
Book Value / Share
1.95
Fair Value
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Fair Value Upside
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FTNT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
112.88
Upside
+2.63%
Members' Sentiments
Bearish
Bullish
ProTips
Impressive gross profit margins
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Fortinet Inc Company Profile

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

Employees
13986

Fortinet Inc SWOT Analysis


Cybersecurity Titan
Fortinet navigates a pivotal moment in the cybersecurity industry, leveraging its strong market position and technological prowess to address evolving threats
Financial Fortitude
Explore Fortinet's impressive financial metrics, including 79.71% gross profit margins and a "GREAT" financial health score, underpinning its market strength
Strategic Shift
Delve into Fortinet's transition towards Unified SASE and Security Operations, presenting both opportunities and challenges in maintaining growth momentum
Market Outlook
Analyst price targets range from $65 to $112, reflecting diverse views on Fortinet's ability to capitalize on the 2026 hardware refresh cycle and enterprise expansion
Read full SWOT analysis

Fortinet Inc Earnings Call Summary for Q3/2024

  • Total revenue up 13% to $1.508B; product revenue +2%, service revenue +19%; record gross margin of 83.2%, operating margin 36.1%
  • Unified SASE 23% of business; strong growth in SecOps and SASE products; 6,000+ new customers added; EMEA top-performing region
  • Full-year revenue and margin guidance raised; Q4 billings forecast $1.9B-$2B; revenue projected $1.56B-$1.62B; EPS estimate $0.58-$0.62
  • $600M in share buybacks; $2B authorization remaining; significant firewall refresh cycle anticipated for 2025
  • Cautious Q4 billings guidance due to maturing large deals; slower progress on larger deals leading to conservative outlook
Last Updated: 11/09/2024, 03:56 AM
Read Full Transcript

Compare FTNT to Peers and Sector

Metrics to compare
FTNT
Peers
Sector
Relationship
P/E Ratio
48.3x33.4x11.7x
PEG Ratio
0.870.060.01
Price/Book
56.4x7.7x2.4x
Price / LTM Sales
14.2x10.9x2.2x
Upside (Analyst Target)
6.0%7.2%21.9%
Fair Value Upside
Unlock−0.3%3.2%Unlock

Analyst Ratings

16 Buy
26 Hold
1 Sell
Ratings:
43 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 112.88
(+2.63% Upside)

Earnings

Latest Release
Feb 06, 2025
EPS / Forecast
0.74 / 0.61
Revenue / Forecast
1.66B / 1.59B
EPS Revisions
Last 90 days

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FAQ

What Is the Fortinet (FTNT) Stock Price Today?

The Fortinet stock price today is 109.98

What Stock Exchange Does Fortinet Trade On?

Fortinet is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Fortinet?

The stock symbol for Fortinet is "FTNT."

What Is the Fortinet Market Cap?

As of today, Fortinet market cap is 84.13B.

What is Fortinet Earnings Per Share?

The Fortinet EPS is 2.28.

What Is the Next Fortinet Earnings Date?

Fortinet will release its next earnings report on Apr 30, 2025.

From a Technical Analysis Perspective, Is FTNT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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