Fortinet with ticker code (FTNT) now have 33 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between 95 and 63 calculating the average target price we see $74.36. Given that the stocks previous close was at $60.21 and the analysts are correct then we can expect a percentage increase in value of 23.5%. Also worth taking note is the 50 day moving average now sits at $69.12 and the 200 day MA is $62.09. The company has a market capitalization of 47.80B. The stock price for Apple Inc. is 60.87 USD
The potential market cap would be $59,037,796,239 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 45.09, revenue per share of 6.36 and a 11.46% return on assets.
Fortinet is engaged in offering cybersecurity and networking solutions. The Company provides cyber security solutions to a variety of organizations, including enterprises, communication service providers, security service providers, government organizations and small businesses. The Company’s product offerings consist of its core platform network security products and its enhanced platform technology products, which are offered in a range of forms spanning physical appliances, virtual appliances, software, and cloud-hosted services. Its Secure Networking solutions enable the convergence of networking and security across all edges to provide next generation firewall, software-defined wide area network (SD- WAN), and secure access service edge (SASE). Its Zero Trust Access solutions enable customers to know and control who and what is on their network. Its FortiGuard security services counter threats in real time with artificial intelligence-powered, coordinated protection.
