FORTINET INC (NASDAQ: FTNT)

FORTINET INC

NASDAQ: FTNT (Fortinet, Inc.)

Last update: 01 Nov, 1:47PM

78.80

0.14 (0.18%)

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Previous Close	78.66
Open	78.11
Volume	2,693,654
Avg. Volume (3M)	4,769,039
Market Cap	60,274,753,536

Price / Earnings (TTM)	46.63
Price / Earnings (Forward)	34.84
Price / Sales	11.33
Price / Book	214.44

52 Weeks Range	44.12 (-44%) — 83.77 (6%)
Earnings Date	7 Nov 2024

Market Trend

		Short Term	Medium Term
Industry	Software - Infrastructure (US)	Mixed	Mixed
	Software - Infrastructure (Global)	Mixed	Mixed
Stock	Fortinet, Inc.	Bullish	Bullish

Stockmoo Score

0.8

Analyst Consensus	1.5
Insider Activity	-3.5
Price Volatility	-0.5
Technical Moving Averages	2.5
Technical Oscillators	4.0
Average	0.80

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Stock	Market Cap	DY	P/E	P/B
FTNT	60 B	-	46.63	214.44
ZS	26 B	-	-	24.11
MDB	21 B	-	-	15.80
NTNX	19 B	-	-	-
AFRM	18 B	-	-	5.15
CYBR	13 B	-	-	13.92

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
Sector	Technology
Industry	Software - Infrastructure
Investment Style	Mid Growth
% Held by Insiders	17.50%
% Held by Institutions	70.59%

52 Weeks Range	44.12 (-44%) — 83.77 (6%)
Price Target Range	68.00 (-13%) — 111.00 (40%)
High	111.00 (HSBC, 40.86%)	Buy
Median	97.00 (23.10%)
Low	68.00 (Mizuho, -13.71%)	Sell
Average	95.24 (20.86%)
Total	10 Buy, 10 Hold, 1 Sell
Avg. Price @ Call	89.55

Firm	Date	Target Price	Call	Price @ Call
Rosenblatt	20 Nov 2024	100.00 (26.90%)	Buy	90.78
Rosenblatt	08 Nov 2024	90.00 (14.21%)	Buy	92.04
Scotiabank	20 Nov 2024	110.00 (39.59%)	Buy	90.78
Scotiabank	08 Nov 2024	85.00 (7.87%)	Buy	92.04
B of A Securities	19 Nov 2024	104.00 (31.98%)	Buy	90.79
BMO Capital	19 Nov 2024	100.00 (26.90%)	Hold	90.79
Baird	19 Nov 2024	100.00 (26.90%)	Buy	90.79
Baird	13 Nov 2024	95.00 (20.56%)	Buy	97.88
Cantor Fitzgerald	19 Nov 2024	95.00 (20.56%)	Hold	90.79
Cantor Fitzgerald	29 Oct 2024	88.00 (11.68%)	Hold	79.37
Deutsche Bank	19 Nov 2024	90.00 (14.21%)	Hold	90.79
Morgan Stanley	19 Nov 2024	106.00 (34.52%)	Buy	90.79
Piper Sandler	19 Nov 2024	100.00 (26.90%)	Hold	90.79
Piper Sandler	08 Nov 2024	80.00 (1.52%)	Hold	92.04
RBC Capital	19 Nov 2024	97.00 (23.10%)	Hold	90.79
Stifel	19 Nov 2024	90.00 (14.21%)	Hold	90.79
TD Cowen	19 Nov 2024	105.00 (33.25%)	Buy	90.79
TD Cowen	09 Oct 2024	90.00 (14.21%)	Buy	80.33
Wedbush	19 Nov 2024	105.00 (33.25%)	Buy	90.79
Wedbush	08 Nov 2024	90.00 (14.21%)	Buy	92.04
Wells Fargo	19 Nov 2024	85.00 (7.87%)	Hold	90.79
HSBC	11 Nov 2024	111.00 (40.86%)	Buy	97.18
Barclays	08 Nov 2024	95.00 (20.56%)	Hold	92.04
Barclays	07 Oct 2024	85.00 (7.87%)	Hold	77.48
Raymond James	08 Nov 2024	95.00 (20.56%)	Buy	92.04
UBS	08 Nov 2024	83.00 (5.33%)	Hold	92.04
Truist Securities	23 Oct 2024	85.00 (7.87%)	Buy	80.37
Mizuho	17 Oct 2024	68.00 (-13.71%)	Sell	80.86
Citigroup	13 Sep 2024	76.00 (-3.55%)	Hold	75.01
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Name	Avg. Buy ($)	Avg. Sell ($)	Net Quantity	Net Value ($)
JENSEN KEITH	-	92.04	-56,705	-5,219,128
WHITTLE JOHN	-	92.04	-38,495	-3,543,080
XIE KEN	-	98.52	-45,834	-4,515,363
Aggregate Net Quantity				-141,034
Aggregate Net Value ($)				-13,277,571
Aggregate Avg. Buy ($)				-
Aggregate Avg. Sell ($)				95.28

Name	Holder	Date	Type	Quantity	Price	Value ($)
XIE KEN	Officer	13 Nov 2024	Automatic sell (-)	22,896	97.88	2,241,060
XIE KEN	Officer	13 Nov 2024	Option execute	41,667	-	-
XIE KEN	Officer	12 Nov 2024	Automatic sell (-)	22,938	99.15	2,274,303
XIE KEN	Officer	12 Nov 2024	Option execute	41,667	-	-
WHITTLE JOHN	Officer	08 Nov 2024	Automatic sell (-)	38,495	92.04	3,543,080
WHITTLE JOHN	Officer	08 Nov 2024	Option execute	38,495	-	-
JENSEN KEITH	Officer	08 Nov 2024	Automatic sell (-)	56,705	92.04	5,219,128
JENSEN KEITH	Officer	08 Nov 2024	Option execute	56,705	-	-

Date	Type	Details
15 Nov 2024	Announcement	Fortinet Expands Global Presence with New Company-Owned Innovation Hub in Atlanta
13 Nov 2024	TheFinance	These 5 US Growth Stocks Are Breaking New All-Time Highs: Can They Sizzle Up Your Portfolio?
11 Nov 2024	Announcement	Fortinet to Host Analyst Day on its 15-Year IPO Anniversary
11 Nov 2024	Announcement	Fortinet to Host Analyst Day on its 15-Year IPO Anniversary
07 Nov 2024	Announcement	Fortinet Reports Third Quarter 2024 Financial Results
04 Nov 2024	Announcement	Media Advisory: Fortinet Returns to World Economic Forum Annual Meeting on Cybersecurity
30 Oct 2024	Announcement	Securing the Future: How Post-Quantum Cryptography is Transforming Cybersecurity
22 Oct 2024	Announcement	CrowdStrike and Fortinet Deliver Industry-Leading Protection from Endpoint to Firewall
15 Oct 2024	Announcement	Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election
08 Oct 2024	Announcement	Fortinet Expands Its Cloud-Native Security Offerings with the Introduction of Lacework FortiCNAPP
04 Oct 2024	Announcement	Fortinet is the Only Leader Positioned as Highest in Ability to Execute for the Fourth Consecutive Year in the 2024 Gartner® Magic Quadrant™ for SD-WAN
02 Oct 2024	Announcement	Fortinet to Announce Third Quarter 2024 Financial Results
25 Sep 2024	Announcement	Fortinet Announces Progress Toward its Mission to Tackle the Cybersecurity Skills Shortage
20 Sep 2024	Announcement	Fortinet Honored as Winner of the 2024 SC Awards for Best Professional Certification Program
10 Sep 2024	Announcement	Fortinet Opens New Company-Owned Innovation Hub in Chicago, Deepening its Global Reach and Commitment to Elevating Enterprise Customer Experiences Worldwide
29 Aug 2024	TheFinance	4 Solid Cybersecurity Stocks That Can Grow Your Investment Portfolio
Show more

The support, resistance and trendline levels presented has been generated by an artificial intelligence (AI) model and should be interpreted with caution.

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Profit Margin	23.71%
Operating Margin (TTM)	30.40%
Diluted EPS (TTM)	1.69
Quarterly Revenue Growth (YOY)	10.90%
Quarterly Earnings Growth (YOY)	42.60%

Total Debt/Equity (MRQ)	373.42%
Current Ratio (MRQ)	1.32
Operating Cash Flow (TTM)	1.92 B
Levered Free Cash Flow (TTM)	1.41 B

Return on Assets (TTM)	11.60%
Return on Equity (TTM)	430.88%

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