Briefing on the Fundamentals of Fortinet

More and more people are talking about Fortinet over the last few weeks. Is it worth buying the stock at a price of $57.41? Only time will tell. The information below will give you a basic idea of what this investment may entail:

  • Fortinet has moved 8.0% over the last year, and the S&P 500 logged a change of 10.0%

  • FTNT has an average analyst rating of buy and is -27.9% away from its mean target price of $79.63 per share

  • Its trailing earnings per share (EPS) is $1.18

  • Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 48.7

  • Its forward earnings per share (EPS) is $1.74 and its forward P/E ratio is 33.0

  • The company has a Price to Book (P/B) ratio of 140.37

  • Fortinet is part of the Technology sector

  • FTNT has reported YOY quarterly earnings growth of 57.1% and gross profit margins of 0.8%

  • The company has a free cash flow of $1.58 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter

  • Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.

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.