Fortinet (FTNT) – A Comprehensive Look at the Company's Fundamentals

By Tamara Parker • Friday, February 09 09:49 • Permanent Link

Shares of Computer Equipment company Fortinet jumped 2.6% today. With many investors piling into FTNT without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

Fortinet has moved 13.8% over the last year, and the S&P 500 logged a change of 22.2%
FTNT has an average analyst rating of hold and is -7.29% away from its mean target price of $75.07 per share
Its trailing earnings per share (EPS) is $1.46
Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 47.7 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $1.95 and its forward P/E ratio is 35.7
Fortinet is part of the Technology sector, which has an average P/E ratio of 35.0 and an average P/B of 7.92
FTNT has reported YOY quarterly earnings growth of 1.8% and gross profit margins of 0.8%
The company has a free cash flow of $1.47 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides centralized network logging, analyzing and reporting solutions. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

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.