WallStreetZenWallStreetZen

NASDAQ: FTNT
Fortinet Inc Stock

$59.55+0.76 (+1.29%)
Updated Jul 12, 2024
FTNT Price
$59.55
Fair Value Price
$124.45
Market Cap
$45.49B
52 Week Low
$44.12
52 Week High
$81.24
P/E
38.67x
P/B
-330.85x
P/S
9.65x
PEG
6.4x
Dividend Yield
N/A
Revenue
$5.40B
Earnings
$1.20B
Gross Margin
77.1%
Operating Margin
25.62%
Profit Margin
22.2%
Debt to Equity
-56.72
Operating Cash Flow
$2B
Beta
1.22
Next Earnings
Aug 6, 2024
Ex-Dividend
N/A
Next Dividend
N/A

FTNT Overview

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Zen Score

Industry Average (29)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how FTNT scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

FTNT ($59.55) is undervalued by 52.15% relative to our estimate of its Fair Value price of $124.45 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
FTNT ($59.55) is significantly undervalued by 52.15% relative to our estimate of its Fair Value price of $124.45 based on Discounted Cash Flow (DCF) modelling, which includes a healthy margin of safety
Significantly Below Fair Value Valuation
FTNT ($59.55) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 30 more FTNT due diligence checks available for Premium users.

Be the first to know about important FTNT news, forecast changes, insider trades & much more!

FTNT News

Valuation

FTNT fair value

Fair Value of FTNT stock based on Discounted Cash Flow (DCF)
Price
$59.55
Fair Value
$124.45
Undervalued by
52.15%
FTNT ($59.55) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
FTNT ($59.55) is significantly undervalued... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
FTNT ($59.55) is trading above... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

FTNT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
38.67x
Industry
41.97x
Market
32.2x
FTNT is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
FTNT is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

FTNT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
-330.85x
Industry
12.71x

FTNT price to earnings growth (PEG)

For valuing profitable companies with growth potential
FTNT is poor value relative... subscribe to Premium to read more.
PEG Value Valuation

FTNT's financial health

Profit margin

Revenue
$1.4B
Net Income
$299.3M
Profit Margin
22.1%
FTNT's Earnings (EBIT) of $1.38B... subscribe to Premium to read more.
Interest Coverage Financials
FTNT's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$7.7B
Liabilities
$7.8B
Debt to equity
-56.72
FTNT's short-term assets ($4.56B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FTNT's short-term assets ($4.56B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FTNT's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
FTNT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$830.4M
Investing
-$270.3M
Financing
-$30.3M
FTNT's operating cash flow ($2.09B)... subscribe to Premium to read more.
Debt Coverage Financials

FTNT vs Software Infrastructure Stocks

TickerMarket Cap1d %P/EP/B
FTNT$45.49B+1.29%38.67x-330.85x
SQ$42.42B+3.38%83.83x2.24x
ZS$30.52B+3.05%-403.80x27.92x
PLTR$62.51B+1.56%200.50x16.56x
NET$27.93B+0.23%-155.11x35.04x

Fortinet Stock FAQ

What is Fortinet's quote symbol?

(NASDAQ: FTNT) Fortinet trades on the NASDAQ under the ticker symbol FTNT. Fortinet stock quotes can also be displayed as NASDAQ: FTNT.

If you're new to stock investing, here's how to buy Fortinet stock.

What is the 52 week high and low for Fortinet (NASDAQ: FTNT)?

(NASDAQ: FTNT) Fortinet's 52-week high was $81.24, and its 52-week low was $44.12. It is currently -26.7% from its 52-week high and 34.97% from its 52-week low.

How much is Fortinet stock worth today?

(NASDAQ: FTNT) Fortinet currently has 763,938,008 outstanding shares. With Fortinet stock trading at $59.55 per share, the total value of Fortinet stock (market capitalization) is $45.49B.

Fortinet stock was originally listed at a price of $1.66 in Nov 18, 2009. If you had invested in Fortinet stock at $1.66, your return over the last 14 years would have been 3,483.03%, for an annualized return of 29.13% (not including any dividends or dividend reinvestments).

How much is Fortinet's stock price per share?

(NASDAQ: FTNT) Fortinet stock price per share is $59.55 today (as of Jul 12, 2024).

What is Fortinet's Market Cap?

(NASDAQ: FTNT) Fortinet's market cap is $45.49B, as of Jul 15, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Fortinet's market cap is calculated by multiplying FTNT's current stock price of $59.55 by FTNT's total outstanding shares of 763,938,008.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.