Fortinet Inc
FTNT
Market Cap$52.05B
Close$
Earnings Call Q4 2023
February 6, 2024 - AI Summary
Total billings for Q4 2023 grew by 8.5% to $1.9 billion, driven by increased focus on Secure Ops and SASE.
Fortinet closed six eight-figure deals across five industry verticals, highlighting the value of their integrated platform and technology advantages.
The total addressable market for secure op, SASE, and secure networking is expected to increase from $150 billion in 2024 to $208 billion by 2027.
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$104.32
61.3% upside
Current Fair Value
61.3% upsideUndervalued by 61.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $52.05 Billion |
|---|---|
| Enterprise Value | $50.61 Billion |
| Dividend Yield | $0.0 (0.0%) |
| Earnings per Share | $1.46 |
| Beta | 1.31 |
| Outstanding Shares | 763,030,948 |
| Avg 30 Day Volume | 4,716,481 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 45.35 |
|---|---|
| PEG | -4907.3 |
| Price to Sales | 10.78 |
| Price to Book Ratio | -64.66 |
| Enterprise Value to Revenue | 9.54 |
| Enterprise Value to EBIT | 40.93 |
| Enterprise Value to Net Income | 44 |
| Total Debt to Enterprise | 0.02 |
| Debt to Equity | -2.14 |
Revenue Sources
No data
ESG Score
No data
About Fortinet Inc
CEO: Ken Xie