Briefing on the Fundamentals of Fortinet

Shares of Software company Fortinet slid -2.98% today, erasing yesterday's gains. With many investors piling into FTNT without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

  • Fortinet has moved 7.49% over the last year, and the S&P 500 logged a change of -6.28%

  • FTNT has an average analyst rating of buy and is -10.86% away from its mean target price of $69.32 per share

  • Its trailing earnings per share (EPS) is $1.04

  • Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 59.41 while the S&P 500 average is 15.97

  • Its forward earnings per share (EPS) is $1.67 and its forward P/E ratio is 37.0

  • The company has a Price to Book (P/B) ratio of 231.83 in contrast to the S&P 500's average ratio of 2.95

  • Fortinet is part of the Technology sector, which has an average P/E ratio of 27.16 and an average P/B of 6.23

  • Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.