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Fortinet, Inc is currently in a long term uptrend where the price is trading 49.1% above its 200 day moving average.
From a valuation standpoint, the stock is 10.6% cheaper than other stocks from the Technology sector with a price to sales ratio of 12.2.
Fortinet, Inc's total revenue rose by 21.7% to $748M since the same quarter in the previous year.
Its net income has increased by 27.3% to $147M since the same quarter in the previous year.
Finally, its free cash flow grew by 84.5% to $264M since the same quarter in the previous year.
Based on the above factors, Fortinet, Inc gets an overall score of 5/5.
| Exchange | F |
|---|---|
| CurrencyCode | EUR |
| ISIN | US34959E1091 |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Target Price | 300.12 |
|---|---|
| Market Cap | 52B |
| PE Ratio | 33.35 |
| Beta | 1.04 |
| Dividend Yield | None |
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
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