Fortinet, Inc. with ticker code (FTNT) now have 32 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between 95 and 63 calculating the average target price we see $74.53. Given that the stocks previous close was at $58.11 this indicates there is a potential upside of 28.3%. Also worth taking note is the 50 day moving average now sits at $64.98 while the 200 day moving average is $62.72. The total market capitalization for the company now stands at 45.46B. The stock price is currently at: 57.88 USD
The potential market cap would be $58,299,501,157 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 43.85, revenue per share of 6.36 and a 11.46% 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.
