Fortinet Inc. (FTNT)

• $67.46

  $69.04

  $68.75
  

  1.88%

  Downside

  Day's Volatility :2.3%

  Upside

  0.42%

  
• $42.61

  $71.29

  $68.75
  

  38.02%

  Downside

  52 Weeks Volatility :40.23%

  Upside

  3.56%

  

Returns

What analysts predicted

Upside of 7.68%

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Fortinet, Inc. was founded in 2000 and is located in Sunnyvale, California. It delivers comprehensive, integrated, and automated cybersecurity solutions across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Enterprises, communication service providers, government entities, and small businesses are among Fortinet’s clients who have adopted its cyber security solutions. The following are some of the company's business products: FortiGate is a company that sells security and networking hardware and software licences. It Provides secure switching solutions for clients’ end devices. It specialises in providing secure wireless networking solutions. FortiManager, a central and scalable management solution; FortiExtender, a hardware appliance; FortiAnalyzer, a centralized network logging and reporting solution; and FortiExtender, a hardware appliance. Web application firewall solutions are provided by the FortiWeb product family. FortiMail, FortiSandbox, FortiClient, FortiToken, FortiAuthenticator, and FortiEDR/XDR are some of its other products. Fortinet was able to raise $90 million in capital four years after its founding. It went public five years later, raising an additional $156 million. The stock of Fortinet, Inc. is listed on the NASDAQ under the symbol FTNT. Since its founding, Fortinet has acquired over ten firms, including organisations from various nations. XDN, an app hosting service provider, and Coyote Point Systems, a manufacturer of computer systems equipment, were two notable purchases. FTNT announced the acquisition of Meru Networks in 2015, and the transaction was finalized at $44 million. This was the largest acquisition ever made by the company since its inception. Microsoft's Commercial Marketing Partner of the Year award was given to Fortinet Inc. in 2020. In the same year, the company ranked 16th on Fortune's list of the 100 fastest-growing companies. Currently Fortinet Inc has a market cap of $53.21 Billion. It has a P.E ratio of 55.05. The shares of Fortinet Inc are trading at $67.77. .