$76.33
1.77% today
Nasdaq, Sep 16, 08:17 pm CET
ISIN
US34959E1091
Symbol
FTNT

Fortinet, Inc. Stock price

$75.01
+3.51 4.91% 1M
+4.83 6.88% 6M
+16.48 28.16% YTD
+12.39 19.79% 1Y
+15.63 26.31% 3Y
+59.39 380.16% 5Y
+69.88 1,360.76% 10Y
Nasdaq, Closing price Fri, Sep 13 2024
+0.52 0.70%
ISIN
US34959E1091
Symbol
FTNT
Sector

Key metrics

Market capitalization $57.38b
Enterprise Value $55.03b
P/E (TTM) P/E ratio 44.32
EV/FCF (TTM) EV/FCF 34.98
EV/Sales (TTM) EV/Sales 9.94
P/S ratio (TTM) P/S ratio 10.36
P/B ratio (TTM) P/B ratio 198.90
Revenue growth (TTM) Revenue growth 11.02%
Revenue (TTM) Revenue $5.54b
EBIT (operating result TTM) EBIT $1.44b
Free Cash Flow (TTM) Free Cash Flow $1.57b
Cash position $3.34b
EPS (TTM) EPS $1.69
P/E forward 42.08
P/S forward 9.80
EV/Sales forward 9.40
Short interest 2.17%
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Fortinet, Inc. Stock Analysis

Analyst Opinions

42 Analysts have issued a Fortinet, Inc. forecast:

16x Buy
38%
26x Hold
62%

Analyst Opinions

42 Analysts have issued a Fortinet, Inc. forecast:

Buy
38%
Hold
62%

Financial data from Fortinet, Inc.

Income Statement P&L | Balance Sheet | Cash Flow


Quarter TTM Annually
Jun '24
+/-
%
1,434 1,434
11% 11%
100%
- Direct Costs 275 275
8% 8%
19%
1,159 1,159
17% 17%
81%
- Selling and Administrative Expenses 529 529
1% 1%
37%
- Research and Development Expense 165 165
8% 8%
12%
465 465
52% 52%
32%
- Depreciation and Amortization 29 29
7% 7%
2%
EBIT (Operating Income) EBIT 436 436
57% 57%
30%
Net Profit 380 380
43% 43%
26%

In millions USD.

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Fortinet, Inc. Stock News

Positive
Investors Business Daily
about 7 hours ago
Cybersecurity stocks rank No. 150 out of 197 IBD industry groups.
Positive
Seeking Alpha
one day ago
Fortinet's second quarter 2024 earnings showed reaccelerating revenue growth and significant margin expansion, leading to a 25% stock price increase. The company's strategy of combining traditional networking with cloud security may be perfect for the hybrid computing era. Industry analysts consider it one of the best cybersecurity companies.
Neutral
Seeking Alpha
2 days ago
I maintain my buy rating on Fortinet after I called the bottom before 2Q24 earnings. I believe that when the refresh cycle comes around in 2025 and firewall growth recovery takes off, Fortinet will be better positioned for outperformance. Fortinet's acquisitions of Lacework and Next DLP should also expand market share and drive top-line growth, particularly in the GGNAT and DLP markets, for FY25.
More Fortinet, Inc. News

Company Profile

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments: Network Security; Infrastructure Security; Cloud Security; and Endpoint Protection, Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Infrastructure Security segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Endpoint Protection, Internet of Things and Operational Technology segment include the proliferation of Internet of Things (IoT) and an Operational Technology (OT) device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

Head office United States
CEO Ken Xie
Employees 13,568
Founded 2000
Website www.fortinet.com

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