Fortinet Inc
Fortinet Inc logo
FTNT

Fortinet Inc (FTNT)

$56.740.28%

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Key Stats

$55.88
Day's Range
$57.495
$47.27
52-Week Range
$74.35
1 month return2.13%
3 month return18.4%
1 year return12.64%
5 year return636.34%

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 $9.45 Billion. It has a P.E ratio of 14.77. The shares of Fortinet Inc are trading at $56.58. .
OrganizationFortinet Inc
Employees8238
CEOKen Xie
IndustryElectronic Technology

Analyst Recommendation

based on 39 analysts ratings

Buy
61%
Buy
35%
Hold
2%
Sell

Based on 39 Wall street analysts offering stock ratings for Fortinet Inc(by analysts ranked 0 to 5 stars)

Analyst Forecast

What analysts predicted

Upside of 525.89%

Current

$56.58

Target

$354.13

Recommendation Trend

Based on 39 analyst

Current1M Ago3M Ago
Buy
24
24
23
Hold
14
13
13
Sell
1
1
1
Consensus
BUY
BUY
BUY

Company Financials

  • Annual
  • Quarterly

Highlights

Market Capitalization
49.6B
Book Value
4.83
Dividend Share
0.0
Dividend Yield
0.0
Earnings Share
3.63
PE Ratio
82.7328
PEG Ratio
3.53
Wall Street Target Price
362.45

Valuation

Trailing PE82.73
Forward PE61.35
Price/Sales (ttm)
14.85
Price/Book (mrq)
62.6
Enterprise Value
47.4B
Enterprise Value/Revenue
14.17
Enterprise Value/Ebitda
65.1

Technicals

Beta
1.14
50 Day MA
320.16
200 Day MA
313.84

Sustainability

Rating Date2019-01-01
Total Esg
22.91
Total Esg Percentile
25.9
Environment Score0.36
Environment Score Percentile2.0
Social Score14.43
Social Score Percentile2.0
Governance Score7.12
GovernanceScorePercentile2.0
Controversy Level2.0

Institutional Holdings

Vanguard Group Inc

8.47%

BlackRock Inc

7.27%

T. Rowe Price Associates, Inc.

6.66%

State Street Corporation

3.35%

Bank of New York Mellon Corp

2.74%

Geode Capital Management, LLC

1.88%

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