Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Fortinet Inc Market Cap
The Fortinet Inc (FTNT) share price is expected to decrease by 2.88% over the next year. This is based on calculating the average 12-month share price estimate provided by 30 stock analysts who have covered FTNT. Price targets range from $59 at the low end to $91.5 at the high end. The current analyst consensus for FTNT is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 30 Wall Street analysts have assignedFTNT 21 buy ratings, 7 hold ratings, and 2 sell ratings. This means that analysts expect Fortinet Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on FTNT. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of FTNT.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Shyam Patil Susquehanna | Neutral | $70 | Maintains | Aug 8, 2024 |
| Brad Zelnick Deutsche Bank | Hold | $75 | Maintains | Aug 7, 2024 |
| Matt Dezort Needham | Hold | Reiterates | Aug 7, 2024 | |
| Roger Boyd UBS | Neutral | $70 | Maintains | Aug 7, 2024 |
| Fatima Boolani Citigroup | Neutral | $66 | Maintains | Aug 7, 2024 |
| Daniel Ives Wedbush | Outperform | $78 | Reiterates | Aug 7, 2024 |
| Catharine Trebnick Rosenblatt | Buy | $72 | Maintains | Aug 7, 2024 |
| Yi Fu Lee Cantor Fitzgerald | Neutral | $65 | Maintains | Aug 7, 2024 |
| Shrenik Kothari Baird | Outperform | $80 | Maintains | Aug 7, 2024 |
| Andrew Nowinski Wells Fargo | Equal-Weight | $64 | Maintains | Aug 7, 2024 |
| Patrick Colville Scotiabank | Sector Outperform | $75 | Maintains | Aug 7, 2024 |
| Brian Essex JP Morgan | Neutral | $70 | Maintains | Aug 7, 2024 |
| Dan Bergstrom RBC Capital | Sector Perform | $72 | Maintains | Aug 7, 2024 |
| Keith Bachman BMO Capital | Market Perform | $76 | Maintains | Aug 7, 2024 |
| Catharine Trebnick Rosenblatt | Buy | $68 | Maintains | Aug 5, 2024 |
| Fatima Boolani Citigroup | Neutral | $65 | Maintains | Jul 30, 2024 |
| John Difucci Guggenheim | Neutral | Downgrade | Jul 29, 2024 | |
| Shaul Eyal TD Cowen | Buy | $75 | Upgrade | Jul 18, 2024 |
| Hamza Fodderwala Morgan Stanley | Overweight | $69 | Maintains | Jul 17, 2024 |
| Saket Kalia Barclays | Equal-Weight | $70 | Maintains | Jul 11, 2024 |
When did it IPO
2009
Staff Count
13,522
Country
United States
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Ken Xie
Market Cap
$57.16B
In 2023, FTNT generated $5.30B in revenue, which was a increase of 20.09% from the previous year. This can be seen as a signal that FTNT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 13 Sep 2024
Sentiment - NEGATIVE
Source - TechCrunch
Summary - Fortinet announced a breach involving customer data on Thursday, raising concerns over its cybersecurity measures and potential impacts on customer trust and business operations.
Why It Matters - The breach of customer data at Fortinet can lead to loss of trust, potential lawsuits, regulatory scrutiny, and impact on future sales, all of which may negatively affect the company's stock performance.
Fri, 13 Sep 2024
Sentiment - POSITIVE
Source - FXEmpire
Summary - Fortinet, Inc. (FTNT) is experiencing significant investor interest due to recent strong performance in revenue and earnings.
Why It Matters - Rising investor interest in Fortinet indicates confidence in its growth potential, driven by strong revenue and earnings, which can lead to stock price appreciation.
Fri, 13 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Zacks Premium offers Zacks Style Scores to help investors identify strong stocks, suitable for value, growth, or momentum strategies.
Why It Matters - Zacks Style Scores help identify strong stocks across different investment strategies, enhancing stock selection and potential returns for investors.
Fri, 13 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Fortinet (FTNT) closed at $75.01, up 0.7% from the prior trading day.
Why It Matters - Fortinet's slight price increase indicates positive market sentiment, which may attract more investors and impact future trading activity and stock performance.
Fri, 13 Sep 2024
Sentiment - POSITIVE
Source - MarketBeat
Summary - Investors are focusing on sector rotation, particularly moving away from technology stocks, while seeking remaining opportunities in risk-on assets.
Why It Matters - Sector rotation indicates shifting investor interest, potentially impacting stock performance. Understanding these trends helps identify opportunities and mitigate risks in asset allocation.
Tue, 10 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Fortinet is opening a new facility featuring an R&D Center, Cloud Point of Presence, Executive Briefing Center, Training Facility, and Support Center to enhance innovation and growth.
Why It Matters - The new Fortinet facility signals increased investment in R&D and cloud services, likely leading to enhanced product offerings, competitive advantage, and potential revenue growth.
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