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Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc Logo
Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 57.63 USD +0.35% Market Closed
Updated: Sep 27, 2023

Intrinsic Value

Intrinsic Value History
Fortinet Inc

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Fundamental Analysis

Financials

Balance Sheet Decomposition
Fortinet Inc

Current Assets 4.9B
Cash & Short-Term Investments 3.3B
Receivables 1.1B
Other Current Assets 486m
Non-Current Assets 2.6B
Long-Term Investments 4.2m
PP&E 982m
Intangibles 171m
Other Non-Current Assets 1.5B
Current Liabilities 3.5B
Accounts Payable 238m
Accrued Liabilities 492m
Other Current Liabilities 2.8B
Non-Current Liabilities 3.7B
Long-Term Debt 991m
Other Non-Current Liabilities 2.7B
Efficiency
Fundamental Scores

FTNT Profitability Score
Profitability Due Diligence

Fortinet Inc's profitability score is 58/100. 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
58/100
Profitability
Score

Fortinet Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.

FTNT Solvency Score
Solvency Due Diligence

Fortinet Inc's solvency score is 61/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Negative Net Debt
Short-Term Solvency
Long-Term Solvency
61/100
Solvency
Score

Fortinet Inc's solvency score is 61/100. 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 75.85 USD with a low forecast of 63.63 USD and a high forecast of 99.75 USD.

Lowest
Price Target
63.63 USD
10% Upside
Average
Price Target
75.85 USD
32% Upside
Highest
Price Target
99.75 USD
73% Upside
View Analyst Estimates
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
Why is insider trading important?

Shareholder Return

FTNT Return Decomposition
Main factors of price return

What is price return decomposition?

FTNT Price
Fortinet Inc

1M 1M
-2%
6M 6M
-10%
1Y 1Y
+19%
3Y 3Y
+146%
5Y 5Y
+214%
10Y 10Y
+1 313%
Annual Price Range
57.63
52w Low
45.93
52w High
80.28
Price Metrics
Average Annual Return 48.73%
Standard Deviation of Annual Returns 63.37%
Max Drawdown -29%
Shares Statistics
Market Capitalization 45.3B USD
Shares Outstanding 793 400 000
Percentage of Shares Shorted 1.5%

FTNT News

Last Video News
Fortinet Inc

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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.

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Negative

Sentiment Analysis
Fortinet Inc

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Last 7 Days
Last 30 Days
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Company Profile

Fortinet Inc Logo
Fortinet Inc

Country

United States of America

Industry

Technology

Market Cap

45.3B 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, Pres, CTO & Director
Mr. Michael Xie
CFO & Chief Accounting Officer
Mr. Keith F. Jensen
EVP of Corp. Devel., Chief Legal Officer & Corp. Sec.
Mr. John Whittle
VP of Talent Management & Operations
Ms. Ana Pease
VP of Investor Relations
Mr. Peter M. Salkowski
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Chief Marketing Officer & Exec. VP of Products
Mr. John Maddison
VP of Talent Acquisition
Mr. Chris Perna
Exec. VP of Support & Chief Revenue Officer
Mr. Patrice Perche
Pres for Latin America and Gen. Mang. for Latin America
Pedro Paixao
Show Less

See Also

Other Stocks
What is the Intrinsic Value of one FTNT stock?

The intrinsic value of one FTNT stock under the Base Case scenario is 51.43 USD.

Is FTNT stock undervalued or overvalued?

Compared to the current market price of 57.63 USD, Fortinet Inc is Overvalued by 11%.