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Fortinet (FTNT)
NASDAQ:FTNT
Fortinet (FTNT) Stock Price & Analysis
3,691 Followers
FTNT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$42.61 - $81.24
Previous Close$58.65
Volume4.67M
Average Volume (3M)6.25M
Market Cap
$46.06B
Enterprise Value$43.74B
Total Cash (Recent Filing)$3.31B
Total Debt (Recent Filing)$991.30M
Price to Earnings (P/E)44.0
Beta1.58
Next Earnings
Nov 02, 2023EPS Estimate
$0.36Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.33
Shares Outstanding785,336,937
10 Day Avg. Volume6,674,153
30 Day Avg. Volume6,253,618
Standard Deviation0.11
R-Squared0.31
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)301.20
Price to Sales (P/S)56.16
Price to Cash Flow (P/CF)22.00
P/FCF Ratio25.60
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.00
Enterprise Value/Gross Profit19.50
Enterprise Value/Ebitda33.47
Forecast
1Y Price Target
$75.77Price Target Upside31.39% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering24
Fortinet News
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Product Insights
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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FTNT FAQ
What was Fortinet’s price range in the past 12 months?
Fortinet lowest stock price was $42.61 and its highest was $81.24 in the past 12 months.
What is Fortinet’s market cap?
Currently, no data Available
When is Fortinet’s upcoming earnings report date?
Fortinet’s upcoming earnings report date is Nov 02, 2023 which is in 14 days.
How were Fortinet’s earnings last quarter?
Fortinet released its earnings results on Aug 03, 2023. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.343 by $0.037.
Is Fortinet overvalued?
According to Wall Street analysts Fortinet’s price is currently Undervalued.
Does Fortinet pay dividends?
Fortinet does not currently pay dividends.
What is Fortinet’s EPS estimate?
Fortinet’s EPS estimate is $0.36.
How many shares outstanding does Fortinet have?
Fortinet has 785,336,900 shares outstanding.
What happened to Fortinet’s price movement after its last earnings report?
Fortinet reported an EPS of $0.38 in its last earnings report, beating expectations of $0.343. Following the earnings report the stock price went down -25.066%.
Which hedge fund is a major shareholder of Fortinet?
Among the largest hedge funds holding Fortinet’s share is Viking Global Investors LP. It holds Fortinet’s shares valued at 581M.
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Fortinet Stock Smart Score
Neutral
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Analyst Consensus
Strong Buy
Average Price Target:
$75.77 (31.39% Upside)
$75.77 (31.39% Upside)
Blogger Sentiment
Bullish
FTNT Sentiment 94%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 4.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.0%
Last 30 Days ▲ 0.1%
Last 30 Days ▲ 0.1%
News Sentiment
Neutral
Bullish news 55%
Bearish news 45%
Bearish news 45%
Technicals
SMA
Negative
20 days / 200 days
Momentum
16.23%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
41.39%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
Fortinet
Founded in 2000, California-based Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions to a variety of business, such as enterprises, communication service providers and small businesses.
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Top 5 ETFs holding FTNT
Global X S&P 500 Covered Call ETF
$3.06M
iShares ESG Screened S&P 500 ETF
$181.08K
Global X S&P 500 Covered Call & Growth ETF
$65.60K
Global X S&P 500 ESG Covered Call ETF
$3.67K
Global X S&P 500 Tail Risk ETF
$2.67K
Up to five ETFs with an Outperform Smart Score that hold FTNT. The ETFs are listed according to market value of FTNT within the ETF
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