Large-cap Technology company Fortinet has moved -2.2% so far today on a volume of 3,537,411, compared to its average of 4,675,263. In contrast, the S&P 500 index moved 0.0%.
Fortinet trades -5.82% away from its average analyst target price of $74.03 per share. The 31 analysts following the stock have set target prices ranging from $63.0 to $90.0, and on average have given Fortinet a rating of buy.
If you are considering an investment in FTNT, you'll want to know the following:
-
Fortinet's current price is 13946.2% above its Graham number of $0.5, which implies that at its current valuation it does not offer a margin of safety
-
Fortinet has moved 16.7% over the last year, and the S&P 500 logged a change of 2.7%
-
Based on its trailing earnings per share of 1.25, Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 55.8 while the S&P 500 average is 15.97
-
FTNT has a forward P/E ratio of 40.1 based on its forward 12 month price to earnings (EPS) of $1.74 per share
-
The company has a price to earnings growth (PEG) ratio of 2.53 — a number near or below 1 signifying that Fortinet is fairly valued compared to its estimated growth potential
-
Its Price to Book (P/B) ratio is 4648.0 compared to its sector average of 6.23
-
Fortinet, Inc. provides cybersecurity and networking solutions worldwide.
-
Based in Sunnyvale, the company has 13,202 full time employees and a market cap of $54.74 Billion.