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.
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.
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 |
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.
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
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
Revenue From 2020
Revenue From 2021
Revenue From 2022
ADSK-USD
$256.98
PCAR-USD
$107.77
LULU-USD
$449.6
$66.29
$423.45
IDXX-USD
$551.21