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Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc Logo
Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 63.075 USD -0.51%
Updated: Apr 22, 2024

Intrinsic Value

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. [ Read More ]

The intrinsic value of one FTNT stock under the Base Case scenario is 49.768 USD. Compared to the current market price of 63.075 USD, Fortinet Inc is Overvalued by 21%.

Key Points:
FTNT Intrinsic Value
Base Case
49.768 USD
Overvaluation 21%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Fortinet Inc

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Fundamental Analysis

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Fortinet Inc

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of Fortinet Inc and its key competitors using the latest financial data.

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of Fortinet Inc against its competitors.

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(gross, operating, and net) of Fortinet Inc compared to its peers.

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Financials

Balance Sheet Decomposition
Fortinet Inc

Current Assets 4.4B
Cash & Short-Term Investments 2.4B
Receivables 1.4B
Other Current Assets 585.9m
Non-Current Assets 2.8B
PP&E 1B
Intangibles 161.8m
Other Non-Current Assets 1.6B
Current Liabilities 3.7B
Accounts Payable 204.3m
Accrued Liabilities 602.4m
Other Current Liabilities 2.9B
Non-Current Liabilities 4B
Long-Term Debt 992.3m
Other Non-Current Liabilities 3B
Efficiency

Earnings Waterfall
Fortinet Inc

Revenue
5.3B USD
Cost of Revenue
-1.2B USD
Gross Profit
4.1B USD
Operating Expenses
-2.8B USD
Operating Income
1.2B USD
Other Expenses
-88.7m USD
Net Income
1.1B USD

Free Cash Flow Analysis
Fortinet Inc

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Fundamental Scores

FTNT Profitability Score
Profitability Due Diligence

Fortinet Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Exceptional 3-Year Average ROIC
Exceptional 3-Years Revenue Growth
56/100
Profitability
Score

Fortinet Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

FTNT Solvency Score
Solvency Due Diligence

Fortinet Inc's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

Low D/E
High Altman Z-Score
Negative Net Debt
Short-Term Solvency
67/100
Solvency
Score

Fortinet Inc's solvency score is 67/100. The higher the solvency score, the more solvent the company is.

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 77.111 USD with a low forecast of 50.5 USD and a high forecast of 96.075 USD.

Lowest
Price Target
50.5 USD
20% Downside
Average
Price Target
77.111 USD
22% Upside
Highest
Price Target
96.075 USD
52% Upside
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View Analyst Estimates

Competitive Landscape

Ownership

FTNT Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Shareholder Return

FTNT Price
Fortinet Inc

1M 1M
-8%
6M 6M
+12%
1Y 1Y
-5%
3Y 3Y
+57%
5Y 5Y
+244%
10Y 10Y
+1 330%
Annual Price Range
63.075
52w Low
49.52
52w High
80.28
Price Metrics
Average Annual Return 38.55%
Standard Deviation of Annual Returns 65.47%
Max Drawdown -38%
Shares Statistics
Market Capitalization 48.4B USD
Shares Outstanding 763 030 000
Percentage of Shares Shorted 2.08%

FTNT Return Decomposition
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FTNT News

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Fortinet Inc

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Fortinet Inc

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Company Profile

Fortinet Inc Logo
Fortinet Inc

Country

United States of America

Industry

Technology

Market Cap

48.4B USD

Dividend Yield

0%

Description

Fortinet, Inc. provides cybersecurity solutions to a variety of businesses, such as enterprises, communication service providers and small businesses. The company is headquartered in Sunnyvale, California and currently employs 10,195 full-time employees. The company went IPO on 2009-11-18. The firm provides cyber security solutions to a variety of organizations, including enterprises, communication service providers, government organizations and small businesses. Its network security appliances are managed by its FortiOS network operating system. Its Cloud Security portfolio also includes securing applications, including email and Web. Its cloud security offerings are available for deployment in public and private cloud environments, including Amazon Web Services, Microsoft Azure, Google Cloud, Oracle Cloud, Alibaba Cloud, IBM Cloud and VMWare Cloud. The company also offers managed intrusion prevention system and Web application firewall rules delivered by FortiGuard Labs as an overlay service to native security offerings offered by Amazon Web Services. Its public and private cloud security solutions, including virtual appliances and hosted solutions, cover the capabilities of the Fortinet Security Fabric platform.

Contact

CALIFORNIA
Sunnyvale
899 Kifer Rd
+14082357700.0
https://www.fortinet.com/

IPO

2009-11-18

Employees

10 195

Officers

Founder, Chairman & CEO
Mr. Ken Xie
Founder, President, CTO & Director
Mr. Michael Xie
COO & Corporate Secretary
Mr. John Whittle
Executive VP of Support & Chief Revenue Officer
Mr. Patrice Perche

See Also

Discover More
What is the Intrinsic Value of one FTNT stock?

The intrinsic value of one FTNT stock under the Base Case scenario is 49.768 USD.

Is FTNT stock undervalued or overvalued?

Compared to the current market price of 63.075 USD, Fortinet Inc is Overvalued by 21%.