Take This Into Account Before Investing in FTNT

By Scott Lee • Wednesday, November 22 15:21 • Permanent Link

Fortinet logged a 0.9% change during today's afternoon session, and is now trading at a price of $53.08 per share. The S&P 500 index moved 0.0%. FTNT's trading volume is 3,990,029 compared to the stock's average volume of 6,518,601.

Fortinet trades -7.02% away from its average analyst target price of $57.08 per share. The 36 analysts following the stock have set target prices ranging from $49.0 to $78.9, and on average have given Fortinet a rating of buy.

Anyone interested in buying FTNT should be aware of the facts below:

Fortinet's current price is 1386.7% above its Graham number of $3.57, which implies that at its current valuation it does not offer a margin of safety
Fortinet has moved -1.0% over the last year, and the S&P 500 logged a change of 14.0%
Based on its trailing earnings per share of 1.44, Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 36.9 while the S&P 500 average is None
FTNT has a forward P/E ratio of 31.4 based on its forward 12 month price to earnings (EPS) of $1.69 per share
The company has a price to earnings growth (PEG) ratio of 2.1 — a number near or below 1 signifying that Fortinet is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 558.68 compared to its sector average of None
Fortinet, Inc. provides cybersecurity and networking solutions worldwide.
Based in Sunnyvale, the company has 13,618 full time employees and a market cap of $40.76 Billion.

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.