Shares of Fortinet have moved -15.8% today, and are now trading at a price of $48.49. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 23,172,533 compared to the stock's average volume of 6,398,635.
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 $38,080,995,328.
The company is now trading -33.03% away from its average analyst target price of $72.41 per share. The 34 analysts following the stock have set target prices ranging from $58.0 to $95.0, and on average give Fortinet a rating of buy.
Over the last 52 weeks, FTNT stock has risen 3.0%, which amounts to a -14.0% difference compared to the S&P 500. The stock's 52 week high is $81.24 whereas its 52 week low is $44.15 per share. Based on Fortinet's average net margin growth of 1.9% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 4,987,600 | 1,059,400 | 21 | 10.53 |
| 2022 | 4,417,400 | 857,300 | 19 | 5.56 |
| 2021 | 3,342,200 | 606,800 | 18 | -5.26 |
| 2020 | 2,594,400 | 488,500 | 19 | 26.67 |
| 2019 | 2,163,000 | 331,700 | 15 | -21.05 |
| 2018 | 1,801,200 | 334,900 | 19 |
