Large-cap Technology company Fortinet has logged a 2.9% change today on a trading volume of 6,194,465. The average volume for the stock is 7,170,946.
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 $44,354,482,176.
The company is now trading 1.0% away from its average analyst target price of $57.19 per share. The 36 analysts following the stock have set target prices ranging from $49.0 to $78.9, and on average give Fortinet a rating of buy.
Over the last 52 weeks, FTNT stock has risen 11.2%, which amounts to a -12.9% difference compared to the S&P 500. The stock's 52 week high is $81.24 whereas its 52 week low is $44.12 per share. Based on Fortinet's average net margin growth of 2.7% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
---|---|---|---|---|
2023 | 5,172,700 | 1,150,700 | 22 | 15.79 |
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 |