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Fortinet, Inc is currently in a long term uptrend where the price is trading 48.7% above its 200 day moving average.
From a valuation standpoint, the stock is 52.5% cheaper than other stocks from the Technology sector with a price to sales ratio of 12.0.
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 | NASDAQ |
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CurrencyCode | USD |
ISIN | US34959E1091 |
Sector | Technology |
Industry | Software - Infrastructure |
Market Cap | 80B |
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Beta | 1.1 |
Target Price | 113.1942 |
PE Ratio | 46.11 |
Dividend Yield | None |
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) 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. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.
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