Market Inference Brief -- FTNT Stock

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
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.