Fortinet Inc. (FTNT)

$61.57

+0.26

(+0.42%)

Market is closed - opens 7 PM, 23 May 2024

Insights on Fortinet Inc.

  • Decreasing Revenue

    Revenue is down for the last 2 quarters, 1.41B → 1.35B (in $), with an average decrease of 4.4% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 3 quarters, 322.9M → 299.3M (in $), with an average decrease of 3.7% per quarter

  • Vs PANW

    In the last 1 year, Palo Alto Networks, Inc. has given 62.6% return, outperforming this stock by 72.2%

  • Vs PANW

    In the last 3 years, Palo Alto Networks, Inc. has given 155.4% return, outperforming this stock by 109.4%

Performance

  • $60.80
    $61.68
    $61.57
    downward going graph

    1.25%

    Downside

    Day's Volatility :1.42%

    Upside

    0.17%

    downward going graph
  • $44.12
    $81.24
    $61.57
    downward going graph

    28.34%

    Downside

    52 Weeks Volatility :45.69%

    Upside

    24.21%

    downward going graph

Returns

PeriodFortinet Inc.Sector (Technology)Index (NASDAQ Composite)
3 Months
-8.97%
4.8%
5.0%
6 Months
15.23%
16.4%
17.8%
1 Year
-9.58%
38.4%
33.8%
3 Years
44.48%
58.0%
24.7%

Highlights

Market Capitalization
46.8B
Book Value
- $0.18
Earnings Per Share (EPS)
1.54
PE Ratio
39.81
PEG Ratio
1.79
Wall Street Target Price
71.1
Profit Margin
22.23%
Operating Margin TTM
23.65%
Return On Assets TTM
11.08%
Return On Equity TTM
78.99%
Revenue TTM
5.4B
Revenue Per Share TTM
6.98
Quarterly Revenue Growth YOY
7.199999999999999%
Gross Profit TTM
3.3B
EBITDA
1.4B
Diluted Eps TTM
1.54
Quarterly Earnings Growth YOY
0.26
EPS Estimate Current Year
1.77
EPS Estimate Next Year
1.96
EPS Estimate Current Quarter
0.38
EPS Estimate Next Quarter
0.39

Analyst Recommendation

Buy
    67%Buy
    32%Hold
    0
    0%Sell
Based on 46 Wall street analysts offering stock ratings for Fortinet Inc.(by analysts ranked 0 to 5 stars)
Based on 46 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
31
33
31
Hold
15
11
12
Sell
00
00
00

Analyst Forecast

What analysts predicted

Upside of 15.48%

Current $61.57
Target $71.10

Company Financials

FY18Y/Y Change
Revenue
1.8B
↑ 20.49%
Net Income
332.2M
↑ 958.0%
Net Profit Margin
18.44%
↑ 16.34%
FY19Y/Y Change
Revenue
2.2B
↑ 19.71%
Net Income
326.5M
↓ 1.72%
Net Profit Margin
15.14%
↓ 3.3%
FY20Y/Y Change
Revenue
2.6B
↑ 20.32%
Net Income
488.5M
↑ 49.62%
Net Profit Margin
18.83%
↑ 3.69%
FY21Y/Y Change
Revenue
3.3B
↑ 28.82%
Net Income
606.8M
↑ 24.22%
Net Profit Margin
18.16%
↓ 0.67%
FY22Y/Y Change
Revenue
4.4B
↑ 32.17%
Net Income
857.3M
↑ 41.28%
Net Profit Margin
19.41%
↑ 1.25%
FY23Y/Y Change
Revenue
5.3B
↑ 20.09%
Net Income
1.1B
↑ 33.89%
Net Profit Margin
21.64%
↑ 2.23%
Q4 FY22Q/Q Change
Revenue
1.3B
↑ 11.61%
Net Income
313.8M
↑ 35.49%
Net Profit Margin
24.46%
↑ 4.31%
Q1 FY23Q/Q Change
Revenue
1.3B
↓ 1.61%
Net Income
247.7M
↓ 21.06%
Net Profit Margin
19.62%
↓ 4.84%
Q2 FY23Q/Q Change
Revenue
1.3B
↑ 2.42%
Net Income
266.3M
↑ 7.51%
Net Profit Margin
20.6%
↑ 0.98%
Q3 FY23Q/Q Change
Revenue
1.3B
↑ 3.23%
Net Income
322.9M
↑ 21.25%
Net Profit Margin
24.19%
↑ 3.59%
Q4 FY23Q/Q Change
Revenue
1.4B
↑ 6.03%
Net Income
310.9M
↓ 3.72%
Net Profit Margin
21.97%
↓ 2.22%
Q1 FY24Q/Q Change
Revenue
1.4B
↓ 4.37%
Net Income
299.3M
↓ 3.73%
Net Profit Margin
22.12%
↑ 0.15%
FY18Y/Y Change
Total Assets
3.1B
↑ 36.32%
Total Liabilities
2.1B
↑ 23.93%
FY19Y/Y Change
Total Assets
3.9B
↑ 26.23%
Total Liabilities
2.6B
↑ 23.98%
FY20Y/Y Change
Total Assets
4.0B
↑ 4.09%
Total Liabilities
3.2B
↑ 24.38%
FY21Y/Y Change
Total Assets
5.9B
↑ 46.35%
Total Liabilities
5.1B
↑ 60.6%
FY22Y/Y Change
Total Assets
6.2B
↑ 5.22%
Total Liabilities
6.5B
↑ 27.12%
FY23Y/Y Change
Total Assets
7.3B
↑ 16.55%
Total Liabilities
7.7B
↑ 18.63%
Q4 FY22Q/Q Change
Total Assets
6.2B
↑ 16.72%
Total Liabilities
6.5B
↑ 9.25%
Q1 FY23Q/Q Change
Total Assets
6.8B
↑ 9.7%
Total Liabilities
6.8B
↑ 4.78%
Q2 FY23Q/Q Change
Total Assets
7.5B
↑ 9.57%
Total Liabilities
7.2B
↑ 5.04%
Q3 FY23Q/Q Change
Total Assets
7.5B
↓ 0.09%
Total Liabilities
7.4B
↑ 3.35%
Q4 FY23Q/Q Change
Total Assets
7.3B
↓ 2.95%
Total Liabilities
7.7B
↑ 4.28%
Q1 FY24Q/Q Change
Total Assets
7.7B
↑ 5.55%
Total Liabilities
7.8B
↑ 1.0%
FY18Y/Y Change
Operating Cash Flow
638.9M
↑ 7.49%
Investing Cash Flow
-134.9M
↑ 75.64%
Financing Cash Flow
-202.6M
↓ 51.25%
FY19Y/Y Change
Operating Cash Flow
808.0M
↑ 26.47%
Investing Cash Flow
-502.3M
↑ 272.35%
Financing Cash Flow
-195.6M
↓ 3.46%
FY20Y/Y Change
Operating Cash Flow
1.1B
↑ 34.12%
Investing Cash Flow
-72.8M
↓ 85.51%
Financing Cash Flow
-1.2B
↑ 498.98%
FY21Y/Y Change
Operating Cash Flow
1.5B
↑ 38.39%
Investing Cash Flow
-1.3B
↑ 1720.19%
Financing Cash Flow
82.8M
↓ 107.07%
FY22Y/Y Change
Operating Cash Flow
1.7B
↑ 15.4%
Investing Cash Flow
763.9M
↓ 157.65%
Financing Cash Flow
-2.1B
↓ 2672.83%
Q4 FY22Q/Q Change
Operating Cash Flow
528.1M
↑ 9.34%
Investing Cash Flow
217.4M
↓ 27.0%
Financing Cash Flow
-27.4M
↓ 94.8%
Q1 FY23Q/Q Change
Operating Cash Flow
677.5M
↑ 28.29%
Investing Cash Flow
-42.4M
↓ 119.5%
Financing Cash Flow
-13.7M
↓ 50.0%
Q2 FY23Q/Q Change
Operating Cash Flow
515.1M
↓ 23.97%
Investing Cash Flow
-424.1M
↑ 900.24%
Financing Cash Flow
-17.7M
↑ 29.2%
Q3 FY23Q/Q Change
Operating Cash Flow
551.2M
↑ 7.01%
Investing Cash Flow
-111.2M
↓ 73.78%
Financing Cash Flow
-628.9M
↑ 3453.11%

Technicals Summary

Sell

Neutral

Buy

Fortinet Inc. is currently in a neutral trading position according to technical analysis indicators.

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Fortinet Inc.
Fortinet Inc.
-4.98%
15.23%
-9.58%
44.48%
297.28%
Microsoft Corporation
Microsoft Corporation
5.63%
14.07%
36.56%
71.67%
241.2%
Palo Alto Networks, Inc.
Palo Alto Networks, Inc.
5.14%
15.97%
62.63%
153.96%
329.0%
Adobe Systems Inc.
Adobe Systems Inc.
2.33%
-21.87%
30.64%
-2.79%
76.46%
Oracle Corp.
Oracle Corp.
8.26%
7.18%
26.45%
56.97%
134.74%
Synopsys Inc.
Synopsys Inc.
8.65%
5.61%
45.8%
130.56%
389.81%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Fortinet Inc.
Fortinet Inc.
39.81
39.81
1.79
1.77
0.79
0.11
NA
-0.18
Microsoft Corporation
Microsoft Corporation
37.18
37.18
2.02
11.79
0.38
0.15
0.01
34.06
Palo Alto Networks, Inc.
Palo Alto Networks, Inc.
50.03
50.03
1.12
5.51
0.86
0.03
NA
13.84
Adobe Systems Inc.
Adobe Systems Inc.
46.07
46.07
1.76
18.03
0.32
0.16
NA
34.13
Oracle Corp.
Oracle Corp.
32.88
32.88
1.02
5.59
0.5
0.07
0.01
2.05
Synopsys Inc.
Synopsys Inc.
62.91
62.91
2.6
13.42
0.23
0.09
NA
43.73
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Fortinet Inc.
Fortinet Inc.
Buy
$46.8B
297.28%
39.81
22.23%
Microsoft Corporation
Microsoft Corporation
Buy
$3.2T
241.2%
37.18
36.43%
Palo Alto Networks, Inc.
Palo Alto Networks, Inc.
Buy
$104.6B
329.0%
50.03
31.42%
Adobe Systems Inc.
Adobe Systems Inc.
Buy
$215.9B
76.46%
46.07
24.08%
Oracle Corp.
Oracle Corp.
Buy
$342.5B
134.74%
32.88
20.27%
Synopsys Inc.
Synopsys Inc.
Buy
$87.4B
389.81%
62.91
22.96%

Institutional Holdings

  • Vanguard Group Inc

    8.81%
  • BlackRock Inc

    7.10%
  • State Street Corporation

    3.49%
  • AllianceBernstein L.P.

    3.39%
  • Bank of New York Mellon Corp

    2.40%
  • Geode Capital Management, LLC

    1.87%

Company Information

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 $46.84 Billion. It has a P.E ratio of 39.05. The shares of Fortinet Inc. are trading at $61.57. .

Organization
Fortinet Inc.
Employees
13522
CEO
Mr. Ken Xie
Industry
Electronic Technology

FAQs