Large-cap Technology company Fortinet has logged a -1.8% change today on a trading volume of 2,947,260. The average volume for the stock is 6,470,710.
Fortinet, Inc. provides cybersecurity and networking solutions worldwide. Based in Sunnyvale, United States the company has 13,618 full time employees and a market cap of $38,330,228,736.
The company is now trading -31.07% 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 12 months FTNT shares have declined by -10.0%, which represents a difference of -22.0% when compared to the S&P 500. The stock's 52 week high is $81.24 per share and its 52 week low is $44.12. Based on Fortinet's average net margin growth of 1.9% over the last 6 years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Total Revenue ($ 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 |
