Fortinet Inc

Fortinet Inc Stock Forecast & Price Prediction

Live Fortinet Inc Stock (FTNT) Price
$65.34

28

Ratings

  • Buy 9
  • Hold 17
  • Sell 2
Disclaimer : The analyst ratings and price forecast data are provided by Tradefeeds. The data is sourced from Wall Street analysts and other experienced experts. The figures presented are solely a forecast and not a guarantee of future price performance. The information presented is not a recommendation to buy or sell the stock.

Stock Price

$65.34

P/E Ratio

P/E Ratio not available for FTNT

Volume Traded Today

$12.8M

Dividend

Dividends not available for FTNT

52 Week High/low

81.24/44.12

Fortinet Inc Market Cap

$52.15B

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FTNT Summary

The Fortinet Inc (FTNT) share price is expected to increase by 12.7% over the next year. This is based on calculating the average 12-month share price estimate provided by 28 stock analysts who have covered FTNT. Price targets range from $57.00 at the low end to $87.00 at the high end. The current analyst consensus for FTNT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

FTNT Analyst Ratings

About 28 Wall Street analysts have assignedFTNT 9 buy ratings, 17 hold ratings, and 2 sell ratings. This means that analysts expect Fortinet Inc to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FTNT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

FTNT stock forecast by analyst

Analyst/Firm

Rating

Price Target

Change

Date

shigemichi yoshizu
Daiwa

Buy

$75.0

upgraded

Feb 13, 2024
markus leistner
DZ BANK AG

Sell

$60.0

downgraded

Feb 8, 2024
shaul eyal
TD Cowen

Hold

$75.0

reiterated

Feb 7, 2024
adam borg
Stifel Nicolaus

Hold

$78.0

maintained

Feb 7, 2024
amit daryanani
Evercore ISI

Hold

$72.0

maintained

Feb 7, 2024
shrenik kothari
Robert W. Baird

Buy

$81.0

rated

Feb 7, 2024
shyam patil
Susquehanna

Hold

$80.0

maintained

Feb 7, 2024
saket kalia
Barclays

Hold

$80.0

maintained

Feb 7, 2024
shebly seyrafi
FBN Securities

Buy

$80.0

maintained

Feb 7, 2024
andrew nowinski
Wells Fargo

Hold

$70.0

maintained

Feb 7, 2024
roger boyd
UBS

Hold

$76.0

maintained

Feb 7, 2024
rob owens
Piper Sandler

Hold

$75.0

rated

Feb 7, 2024
brian essex
J.P. Morgan

Hold

$67.0

maintained

Feb 7, 2024
junaid siddiqui
Truist Financial

Buy

$80.0

maintained

Feb 7, 2024
fatima boolani
Citi

Hold

$68.0

maintained

Feb 7, 2024
ittai kidron
Oppenheimer

Hold

None

maintained

Feb 7, 2024
tal liani
Bank of America Securities

Buy

$87.0

reiterated

Feb 7, 2024
gabriela borges
Goldman Sachs

Buy

$85.0

maintained

Feb 7, 2024
stephen bersey
HSBC

Sell

$57.0

downgraded

Feb 7, 2024
gregg moskowitz
Mizuho Securities

Hold

$70.0

maintained

Feb 7, 2024

FTNT Company Information

Fortinet, Inc. provides cybersecurity and networking solutions worldwide. 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 centralized network logging, analyzing and reporting solutions. 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; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. 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. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

FTNT
Fortinet Inc (FTNT)

When did it IPO

2009

Staff Count

13,618

Country

United States

Sector/Industry

Technology/Software—Infrastructure

CEO

Mr. Ken Xie

Market Cap

$52.15B

Fortinet Inc(FTNT) Financial Data

In 2023, FTNT generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that FTNT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2019

N/A

Revenue From 2020

N/A

0.00 %
From Previous Year

Revenue From 2021

N/A

0.00 %
From Previous Year

Revenue From 2022

N/A

0.00 %
From Previous Year
  • Revenue TTM $5.30B
  • Operating Margin TTM 0.27%
  • Gross profit TTM $3.33B
  • Return on assets TTM 0.11%
  • Return on equity TTM -3.04%
  • Profit margin 0.21636999%
  • Book value -0.61%
  • Market capitalisation $52.15B
  • Revenue for 2020 N/A
  • Revenue for 2021 N/A
  • Revenue for 2022 N/A
  • EPS this year 1.46
  • EPS next year N/A
... ...

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FTNT Frequently asked questions

The highest forecasted price for FTNT is $87.00 from tal liani at Bank of America Securities.

The lowest forecasted price for FTNT is $57.00 from stephen bersey from HSBC

The FTNT analyst ratings consensus are 9 buy ratings, 17 hold ratings, and 2 sell ratings.