Fortinet Inc

Fortinet Inc

FTNT

Market Cap$44.41B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fortinet IncFortinet Inc370%-8.4-

Earnings Call Q1 2024

May 2, 2024 - AI Summary

Fortinet reported strong financial results for Q1 2024, with increased operating margin and record cash flow from operations.
The company is focused on investing in the fast-growing Unified SASE (Secure Access Service Edge) and Secure Ops markets, which accounted for one-third of first-quarter billings.
Unified SASE accounted for 24% of total billings in Q1, and Fortinet plans to run attractive promotions throughout the year to introduce customers to its differentiated Unified SASE solution.

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$67.55

Target Price by Analysts

15.5% upsideFortinet Target Price DetailsTarget Price
$123.65

Current Fair Value

111.4% upside

Undervalued by 111.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$44.41 Billion
Enterprise Value-
Dividend Yield$0.0 (0.0%)
Earnings per Share$1.53
Beta1.19
Outstanding Shares763,938,008
Avg 30 Day Volume5,668,605

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio37.02
PEG177.73
Price to Sales8.35
Price to Book Ratio-
Enterprise Value to Revenue-
Enterprise Value to EBIT-
Enterprise Value to Net Income0
Total Debt to Enterprise-
Debt to Equity-

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Fortinet Inc

CEO: Ken Xie