Fortinet, Inc. with ticker code (FTNT) now have 36 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $91.50 and $59.00 and has a mean target at $72.76. Given that the stocks previous close was at $74.72 this now indicates there is a potential downside of -2.6%. Also worth taking note is the 50 day moving average now sits at $61.20 while the 200 day moving average is $61.78. The company has a market capitalization of 57.19B. The price for the stock stands currently at: $74.77 USD
The potential market cap would be $55,691,946,611 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 44.24, revenue per share of $7.21 and a 11.6% return on assets.
Fortinet, Inc. 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.
