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Fortinet Inc
NASDAQ:FTNT

Watchlist Manager
Fortinet Inc Logo
Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 50.91 USD -1.32%
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one FTNT stock under the Base Case scenario is 31.38 USD. Compared to the current market price of 50.91 USD, Fortinet Inc is Overvalued by 38%.

The Intrinsic Value is calculated as the average of the two valuation methods:

FTNT Intrinsic Value
Base Case
31.38 USD
Overvaluation 38%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

FTNT Profitability Score
Profitability Due Diligence

Fortinet Inc's profitability score is 80/100. The higher the profitability score, the more profitable the company is.

Declining ROIC
Positive Net Income
Positive Operating Income
Exceptional 1-Year Revenue Growth
80/100
Profitability
Score

Fortinet Inc's profitability score is 80/100. The higher the profitability score, the more profitable the company is.

FTNT Solvency Score
Solvency Due Diligence

Fortinet Inc's solvency score is 66/100. The higher the solvency score, the more solvent the company is.

Long-Term Liabilities
Short-Term Liabilities
Negative Net Debt
Low D/E
66/100
Solvency
Score

Fortinet Inc's solvency score is 66/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
75%
Gross Margin
20%
Operating Margin
18%
Net Margin
28%
FCF Margin
307%
ROE
26%
ROIC
Other

FTNT Capital Structure
Fortinet Inc

Market Capitalization 40.4B USD
Total Debt 990M USD
Minority Interest 11.9M USD
Preferred Equity 0 USD
Cash and Equivalents 964M USD
Short-Term Investments 766M USD
Enterprise Value 39.7B USD

Wall St
Price Targets

FTNT Price Targets Summary
Fortinet Inc

Wall Street analysts forecast FTNT stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FTNT is 71.86 USD with a low forecast of 58.78 USD and a high forecast of 89.25 USD.

Lowest
Price Target
58.78 USD
15% Upside
Average
Price Target
71.86 USD
41% Upside
Highest
Price Target
89.25 USD
75% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

FTNT Competitors
Fortinet Inc

FTNT Suppliers & Customers
Fortinet Inc

Fortinet Inc has 39 key suppliers from 8 countries and 8 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Technology industry.

Suppliers Map

Fortinet Inc has 41 key customers from 9 countries and 8 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Customers Map

Ownership

FTNT Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 48.14% of the company. Insiders own 12.13%. The biggest insider is Xie Ken (President & CEO), who owns 8.11% of Fortinet Inc.

Insiders
12.13%
Institutions
56.85%
Other
31.02%
Insiders
12.13%
Xie Ken
President & CEO
Ownership
8.1141%
Market Value
3.2B USD
Shares
63 390 493
Xie Michael
VP, Engineering & CTO
Ownership
3.8288%
Market Value
1.5B USD
Shares
29 911 650
Jensen Keith
CFO & Chief Accounting Officer
Ownership
0.0549%
Market Value
21.8M USD
Shares
429 174
Neukom William H.
Director
Ownership
0.0366%
Market Value
14.6M USD
Shares
286 111
Perche Patrice
Chief Revenue Off./EVP Supp.
Ownership
0.0233%
Market Value
9.3M USD
Shares
181 786
Sim Judith
Director
Ownership
0.0179%
Market Value
7.1M USD
Shares
139 756
Whittle John
VP Corp Dev&Strat Alliance,GC
Ownership
0.0154%
Market Value
6.1M USD
Shares
120 278
Paisley Christopher B
Director
Ownership
0.0099%
Market Value
3.9M USD
Shares
77 271
Del Matto Andrew H
Chief Financial Officer
Ownership
0.0098%
Market Value
3.9M USD
Shares
76 414
Hsieh Ming
Director
Ownership
0.0067%
Market Value
2.7M USD
Shares
52 261
Locke Gary
Director
Ownership
0.0041%
Market Value
1.6M USD
Shares
31 858
Hu Jean X.
Director
Ownership
0.0037%
Market Value
1.5M USD
Shares
28 626
Goldman Kenneth A
Director
Ownership
0.0021%
Market Value
817k USD
Shares
16 046
Cohen Peter Dale Jr.
Director
Ownership
0.0009%
Market Value
359k USD
Shares
7 059
Stavridis James G.
Director
Ownership
0.0009%
Market Value
344k USD
Shares
6 766
Hu Chenming
Director
Ownership
0.0005%
Market Value
200k USD
Shares
3 924
Ducourty Kelly
Director
Ownership
0.0003%
Market Value
118k USD
Shares
2 319
Institutions
56.85%
Back

FTNT Insider Trading
Buy and sell transactions by insiders

Fortinet Inc insiders have only sold shares in the past 12 months.

During the last 12 months Fortinet Inc insiders have not bought any shares, and sold 18.3M USD worth of shares. The last transaction was made on Nov 30, 2022 by Jensen Keith (CFO & Chief Accounting Officer), who sold 11.1k USD worth of FTNT shares.

Sold
0-3
months
636k USD
3
3-6
months
2.8M USD
2
6-9
months
3.6M USD
3
9-12
months
11.3M USD
2
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
636k USD
N/A
-635.8k
6 Months
3.5M USD
N/A
-3.5M
9 Months
7M USD
N/A
-7M
12 Months
18.3M USD
N/A
-18.3M
Purchases
1
Sales
521