Fortinet, Inc. with ticker code (FTNT) have now 37 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $78.90 and $49.00 with the average target price sitting at $60.95. Given that the stocks previous close was at $64.41 this indicates there is a potential downside of -5.4%. It’s also worth noting that there is a 50 day moving average of $56.47 and the 200 day MA is $62.91. The market capitalization for the company is 50.77B. The current share price for the company is: $66.11 USD
The potential market cap would be $48,039,437,393 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 45.91, revenue per share of $6.61 and a 11.79% 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.
