Fortinet, Inc. with ticker code (FTNT) have now 37 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $78.90 and $49.00 suggesting an average Analsyt target price of $58.08. Given that the stocks previous close was at $58.39 this now indicates there is a potential downside of -.5%. The day 50 moving average is $54.50 while the 200 day moving average is $63.07. The market capitalization for the company is 44.80B. The current share price for the company is: $58.34 USD
The potential market cap would be $44,562,020,677 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 40.51, 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.
