Brief Report on Fortinet Stock

Shares of Technology sector company Fortinet moved -0.6% today, and are now trading at a price of $58.44. The large-cap stock's daily volume was 3,384,677 compared to its average volume of 6,326,853. The S&P 500 index returned a 0.0% performance.

Fortinet, Inc. provides cybersecurity and networking solutions worldwide. The company is based in Sunnyvale and has 13,677 full time employees. Its market capitalization is $45,895,094,272.

33 analysts are following Fortinet and have set target prices ranging from $63.0 to $95.0 per share. On average, they have given the company a rating of buy. At today's prices, FTNT is trading -21.5% away from its average analyst target price of $74.45 per share.

Over the last year, FTNT's share price has increased by 20.0%, which represents a difference of 9.0% when compared to the S&P 500. The stock's 52 week high is $81.24 per share whereas its 52 week low is $42.61.

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023-02-24 1,730,600 -281,200 2,011,800 12.04
2022-02-25 1,499,700 -295,900 1,795,600 48.45
2021-02-19 1,083,700 -125,900 1,209,600 34.37
2020-02-26 808,000 -92,200 900,200 30.11
2019-02-27 638,900 -53,000 691,900 -5.18
2018-04-30 594,405 -135,312 729,717
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.