Fortinet/FTNT

$62.34

-0.76%
-
1D1W1MYTD1YMAX

About Fortinet

Fortinet, Inc. provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE) and AI-driven security operations to deliver cybersecurity where customers need it. It offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. Its Unified SASE solution is a single-vendor SASE solution that includes Firewall, SD-WAN, Secure Web Gateway, Cloud Access Services Broker, and Data Loss Prevention, Zero Trust Network Access and cloud security. Its Security Operations solutions are delivered as a platform that automates detection and response to accelerate discovery and remediation.

Ticker

FTNT

Sector

Technology

Trading on

NASDAQ

Industry

Software & Programming

CEO

Ken Xie

Employees

13,522

Headquarters

Sunnyvale, United States

Fortinet Metrics

BasicAdvanced
$47B
Market cap
40.05
P/E ratio
$1.53
EPS
0.98
Beta
-
Dividend rate
$47B
0.97924
$81.24
$44.12
5.4M
1.2
1.084
47.522
16.92%
32.99%
40.053
8.697
27.724
14.2%
26.47%
26.92%
35.71%

What the Analysts think about Fortinet

Analyst Ratings

Majority rating from 44 analysts.
Hold

Price Targets

Average projection from 38 analysts.
14.05% upside
High $91.50
Low $45.00
$62.34
Current price
$71.10
Average price target

Fortinet Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
22.11% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$1.4B
-4.37%
Net income
$299M
-3.73%
Profit margin
22.11%
0.64%

Fortinet Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 11.72%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.38
$0.41
$0.51
$0.43
-
Expected
$0.34
$0.36
$0.43
$0.38
$0.41
Surprise
11%
12.74%
17.94%
11.72%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Fortinet stock?

Fortinet (FTNT) has a market cap of $47B as of May 22, 2024.

What is the P/E ratio for Fortinet stock?

The price to earnings (P/E) ratio for Fortinet (FTNT) stock is 40.05 as of May 22, 2024.

Does Fortinet stock pay dividends?

No, Fortinet (FTNT) stock does not pay dividends to its shareholders as of May 22, 2024.

When is the next Fortinet dividend payment date?

Fortinet (FTNT) stock does not pay dividends to its shareholders.

What is the beta indicator for Fortinet?

Fortinet (FTNT) has a beta rating of 0.98. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Fortinet stock price target?

The target price for Fortinet (FTNT) stock is $71.1, which is 15.97% above the current price of $61.31. This is an average based on projections from 38 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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