Unveiling Insights on FTNT Stock Performance

By Ken Smith • Wednesday, May 29 09:31 • Permanent Link

Large-cap Technology company Fortinet has moved -1.1% so far today on a volume of 78,421, compared to its average of 5,198,701. In contrast, the S&P 500 index moved -1.0%.

Fortinet trades -17.33% away from its average analyst target price of $71.1 per share. The 38 analysts following the stock have set target prices ranging from $45.0 to $91.5, and on average have given Fortinet a rating of buy.

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

Fortinet has moved -13.0% over the last year, and the S&P 500 logged a change of 26.9%
Based on its trailing earnings per share of 1.49, Fortinet has a trailing 12 month Price to Earnings (P/E) ratio of 39.4 while the S&P 500 average is 15.97
FTNT has a forward P/E ratio of 30.0 based on its forward 12 month price to earnings (EPS) of $1.96 per share
The company has a price to earnings growth (PEG) ratio of 3.24 — a number near or below 1 signifying that Fortinet is fairly valued compared to its estimated growth potential
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Based in Sunnyvale, the company has 13,522 full time employees and a market cap of $44.9 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.