Getting to Know the Facts About Fortinet

Large-cap Technology company Fortinet has logged a 0.5% change today on a trading volume of 366,151. The average volume for the stock is 4,653,229.

Fortinet, Inc. provides cybersecurity and networking solutions worldwide. Based in Sunnyvale, United States the company has 12,595 full time employees and a market cap of $48,419,016,704.

The company is now trading -16.01% away from its average analyst target price of $72.36 per share. The 33 analysts following the stock have set target prices ranging from $62.0 to $85.0, and on average give Fortinet a rating of buy.

Over the last year, FTNT shares have gone up 6.3%, which represents a difference of 8.0% when compared to the S&P 500. The stock's 52 week high is $69.07 per share whereas its 52 week low is $42.61. Based on Fortinet's compounded average operating margin growth of 8.2% over the last 4 years, its core business remains strong and its strong stock performance may continue in the long term.

Date Reported Revenue ($ k) Cost of Revenue ($ k) Gross Margins (%) YoY Growth (%)
2022-12-31 4,417,400 1,084,900 75.44 -1.48
2021-12-31 3,342,200 783,000 76.57 -1.87
2020-12-31 2,594,400 570,000 78.03 1.95
2019-12-31 2,156,200 505,900 76.54 n/a
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.