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 4.76% 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 $62 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 |
|---|---|---|---|---|
| Fatima Boolani Citigroup | Neutral | $76 | Maintains | Sep 13, 2024 |
| Shyam Patil Susquehanna | Neutral | $70 | Maintains | Aug 8, 2024 |
| Fatima Boolani Citigroup | Neutral | $66 | Maintains | Aug 7, 2024 |
| Keith Bachman BMO Capital | Market Perform | $76 | Maintains | Aug 7, 2024 |
| Yi Fu Lee Cantor Fitzgerald | Neutral | $65 | Maintains | Aug 7, 2024 |
| Brian Essex JP Morgan | Neutral | $70 | Maintains | Aug 7, 2024 |
| Brad Zelnick Deutsche Bank | Hold | $75 | Maintains | Aug 7, 2024 |
| Shrenik Kothari Baird | Outperform | $80 | Maintains | Aug 7, 2024 |
| Roger Boyd UBS | Neutral | $70 | Maintains | Aug 7, 2024 |
| Daniel Ives Wedbush | Outperform | $78 | Reiterates | Aug 7, 2024 |
| Andrew Nowinski Wells Fargo | Equal-Weight | $64 | Maintains | Aug 7, 2024 |
| Patrick Colville Scotiabank | Sector Outperform | $75 | Maintains | Aug 7, 2024 |
| Catharine Trebnick Rosenblatt | Buy | $72 | Maintains | Aug 7, 2024 |
| Dan Bergstrom RBC Capital | Sector Perform | $72 | Maintains | Aug 7, 2024 |
| Matt Dezort Needham | Hold | Reiterates | 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 |
When did it IPO
2009
Staff Count
13,527
Country
United States
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Ken Xie
Market Cap
$59.67B
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
Sun, 29 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Cybersecurity demand is increasing as companies rely more on technology. Palo Alto Networks and Fortinet are investing in AI for future online security advancements.
Why It Matters - Rising cybersecurity demand boosts market potential for firms like Palo Alto Networks and Fortinet, highlighting growth opportunities tied to AI advancements in security solutions.
Thu, 26 Sep 2024
Sentiment - POSITIVE
Source - Investors Business Daily
Summary - A leading cybersecurity stock has remained in a buy zone for seven weeks and is ranked first in its industry group, indicating strong market performance.
Why It Matters - A cybersecurity stock in a buy zone for seven weeks indicates strong investor interest and momentum, while ranking first in its industry suggests competitive strength and potential for growth.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Fortinet (FTNT) closed at $76.61, down 1.1% from the previous trading day.
Why It Matters - The 1.1% decline in Fortinet's stock price may signal potential volatility or concerns about its performance, influencing investor sentiment and future trading decisions.
Wed, 25 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Increased demand for cloud computing is positively impacting stocks such as Datadog (DDOG), NetApp (NTAP), IBM, and Fortinet (FTNT).
Why It Matters - Rising cloud computing demand boosts revenue potential for companies like DDOG, NTAP, IBM, and FTNT, signaling strong growth and investment opportunities in the tech sector.
Wed, 25 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Tech stocks APH, ANSS, ANET, FTNT, and IBM are expected to gain from the current tech rally.
Why It Matters - The ongoing tech rally suggests potential growth in tech stocks, indicating favorable market conditions that could lead to increased investor returns in these companies.
Fri, 20 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Fortinet (NASDAQ: FTNT) won the 2024 SC Award for Best Professional Certification Program for its NSE Certification, highlighting its role in addressing the cybersecurity talent gap.
Why It Matters - Fortinet's recognition in the SC Awards highlights its leadership in cybersecurity, enhancing its brand value and potential for growth, which could positively impact stock performance.
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