![Fortinet Inc Logo](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png?tr=w-200)
Fortinet Inc
NASDAQ:FTNT
![Fortinet Inc Logo](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png)
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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
53.36
USD.
Compared to the current market price of 57 USD,
Fortinet Inc
is
Overvalued by 6%.
![](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png?tr=w-200)
Valuation Backtest
Fortinet Inc
Run backtest to discover the historical profit from buying and selling
FTNT
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Fortinet Q1 2024: Strong Free Cash Flow, SASE Focus, Optimistic FY Outlook
Earnings Call Summary
In Q1 2024, Fortinet's operational margin increased by 200 basis points to 28.5%, setting a record for the first quarter. The company generated record operational cash flow of $830 million, with an adjusted free cash flow margin of 61%. Fortinet has been investing in the unified SASE and secure operations market, which made up one-third of the quarter's billings. Despite a 6% decline in total billings, revenue reached $1.35 billion, a 7% increase year-over-year. For Q2 2024, Fortinet expects revenue between $1.375 billion and $1.435 billion and operating margins of 25.75% to 26.75%.
Balance Sheet Decomposition
Fortinet Inc
Current Assets | 4.6B |
Cash & Short-Term Investments | 3B |
Receivables | 996.2m |
Other Current Assets | 540.4m |
Non-Current Assets | 3.1B |
PP&E | 1.2B |
Intangibles | 163.1m |
Other Non-Current Assets | 1.7B |
Current Liabilities | 3.8B |
Accounts Payable | 135.2m |
Accrued Liabilities | 753.2m |
Other Current Liabilities | 2.9B |
Non-Current Liabilities | 4B |
Long-Term Debt | 992.8m |
Other Non-Current Liabilities | 3B |
Earnings Waterfall
Fortinet Inc
Revenue
|
5.4B
USD
|
Cost of Revenue
|
-1.2B
USD
|
Gross Profit
|
4.2B
USD
|
Operating Expenses
|
-2.9B
USD
|
Operating Income
|
1.3B
USD
|
Other Expenses
|
-84.9m
USD
|
Net Income
|
1.2B
USD
|
Free Cash Flow Analysis
Fortinet Inc
USD | |
Free Cash Flow | USD |
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.
![](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png)
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 70/100. The higher the solvency score, the more solvent the company is.
![](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png)
Score
Fortinet Inc's solvency score is 70/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FTNT Price Targets Summary
Fortinet Inc
According to Wall Street analysts, the average 1-year price target for
FTNT
is 72.51 USD
with a low forecast of 54.54 USD and a high forecast of 96.08 USD.
Ownership
FTNT Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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3 Months |
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6 Months |
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9 Months |
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12 Months |
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Price Appreciation
FTNT Price
Fortinet Inc
Average Annual Return | 41.66% |
Standard Deviation of Annual Returns | 64.58% |
Max Drawdown | -38% |
Market Capitalization | 43.5B USD |
Shares Outstanding | 763 937 984 |
Percentage of Shares Shorted | 2.55% |
FTNT News
Last Important Events
Fortinet Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Fortinet Inc
Company Profile
![Fortinet Inc Logo](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png?tr=w-200)
![Fortinet Inc Logo](https://ik.imagekit.io/kkbzr2uz4cp/stock/nasdaq/ftnt.png?tr=w-200)
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
The intrinsic value of one
FTNT
stock under the Base Case scenario is
53.36
USD.
Compared to the current market price of 57 USD,
Fortinet Inc
is
Overvalued by 6%.