Fortinet, Inc. (FTNT): Price and Financial Metrics


Fortinet, Inc. (FTNT): $272.24

-1.97 (-0.72%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

FTNT POWR Grades


  • FTNT scores best on the Quality dimension, with a Quality rank ahead of 97.26% of US stocks.
  • The strongest trend for FTNT is in Momentum, which has been heading down over the past 31 weeks.
  • FTNT ranks lowest in Value; there it ranks in the 14th percentile.

FTNT Stock Summary

  • FTNT has a higher market value than 94.01% of US stocks; more precisely, its current market capitalization is $44,371,772,872.
  • With a one year PEG ratio of 375.41, Fortinet Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 90.63% of US stocks.
  • FTNT's current price/earnings ratio is 90.67, which is higher than 90.56% of US stocks with positive earnings.
  • If you're looking for stocks that are quantitatively similar to Fortinet Inc, a group of peers worth examining would be DXCM, CDNS, SNPS, NXPI, and CMG.
  • FTNT's SEC filings can be seen here. And to visit Fortinet Inc's official web site, go to www.fortinet.com.

FTNT Valuation Summary

  • FTNT's price/sales ratio is 15.4; this is 196.15% higher than that of the median Technology stock.
  • FTNT's EV/EBIT ratio has moved up 40.6 over the prior 142 months.
  • Over the past 142 months, FTNT's EV/EBIT ratio has gone up 40.6.

Below are key valuation metrics over time for FTNT.

Stock Date P/S P/B P/E EV/EBIT
FTNT 2020-05-12 9.9 41.7 60.2 49.9
FTNT 2018-09-06 8.8 18.4 162.4 78.3
FTNT 2017-09-27 4.8 7.2 101.7 63.4
FTNT 2013-08-16 5.7 5.7 53.9 32.7
FTNT 2012-01-10 7.5 9.7 49.3 35.0
FTNT 2011-01-19 8.7 12.7 33.5 59.1

FTNT Growth Metrics

  • Its 3 year revenue growth rate is now at 73.44%.
  • The 2 year revenue growth rate now stands at 45.52%.
  • Its year over year net income to common stockholders growth rate is now at 31.67%.
FTNT's revenue has moved up $568,700,000 over the prior 15 months.

The table below shows FTNT's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-03-31 2,724.9 1,080.2 489.4
2020-12-31 2,594.4 1,083.7 488.5
2020-09-30 2,457.9 977.6 454.7
2020-06-30 2,354.3 978 411.1
2020-03-31 2,260.5 926.1 371.7
2019-12-31 2,156.2 808 326.5

FTNT Price Target

For more insight on analysts targets of FTNT, see our FTNT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $223.93 Average Broker Recommendation 1.59 (Moderate Buy)

FTNT Stock Price Chart Interactive Chart >

Price chart for FTNT

FTNT Price/Volume Stats

Current price $272.24 52-week high $277.00
Prev. close $274.21 52-week low $106.75
Day low $250.00 Volume 1,866,200
Day high $273.78 Avg. volume 1,099,012
50-day MA $241.56 Dividend yield N/A
200-day MA $179.46 Market Cap 44.46B

Fortinet, Inc. (FTNT) Company Bio


Fortinet Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The Company's network security solution consists of FortiGate physical and virtual appliance products that provide an array of integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The company was founded in 2000 and is based in Sunnyvale, California.

FTNT Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$272.24$127.47 -40%

Below please find a table outlining a discounted cash flow forecast for FTNT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Fortinet Inc ranked in the 41th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Fortinet Inc, consider:

  • Interest coverage, a measure of earnings relative to interest payments, is 2,706.5 -- which is good for besting 98.74% of its peer stocks (US stocks in the Technology sector with positive cash flow).
  • The business' balance sheet suggests that 3% of the company's capital is sourced from debt; this is greater than just 12.4% of the free cash flow producing stocks we're observing.
  • FTNT's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 51.99% of tickers in our DCF set.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-41%
1%-40%
2%-40%
3%-39%
4%-38%
5%-38%

For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as FTNT, try TTD, EXTR, FICO, HPQ, and NOVT.


FTNT Latest News Stream


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Latest FTNT News From Around the Web

Below are the latest news stories about Fortinet Inc that investors may wish to consider to help them evaluate FTNT as an investment opportunity.

Fortinet Inc.'s (FTNT) CEO Ken Xie on Q2 2021 Results - Earnings Call Transcript

Fortinet, Inc. (FTNT) Q2 2021 Earnings Conference Call July 29, 2021, 04:30 PM ET Company Participants Peter Salkowski - Vice President-Investor Relations Ken Xie - Founder, Chairman and Chief Executive Officer Keith Jensen - Chief Financial Officer Conference Call Participants Brian Essex - Goldman Sachs Hamza Fodderwala - Morgan Stanley...

SA Transcripts on Seeking Alpha | July 30, 2021

Fortinet (FTNT) Beats on Q2 Earnings & Revenues, Raises '21 Guidance

Fortinet's (FTNT) second-quarter 2021 results reflect gains from stellar growth in Fortinet Security Fabric, cloud and SD-WAN offerings.

Yahoo | July 30, 2021

Charts Suggest It's Time to Buy Cybersecurity Stocks

Comments from President Biden on Tuesday reaffirmed the significant role that cybersecurity companies have in today's economy.

Yahoo | July 30, 2021

Fortinet, inc (FTNT) Q2 2021 Earnings Call Transcript

FTNT earnings call for the period ending June 30, 2021.

Yahoo | July 30, 2021

Fortinet EPS beats by $0.08, beats on revenue

Fortinet (NASDAQ:FTNT): Q2 Non-GAAP EPS of $0.95 beats by $0.08; GAAP EPS of $0.82 beats by $0.17. Revenue of $801.1M (+30.2% Y/Y) beats by $56.96M. Product revenue of $298.3 million, up 41% year over year Service revenue of $502.8 million, up 24% year over year Billings of $960.9 million, up...

Seeking Alpha | July 29, 2021

Read More 'FTNT' Stories Here

FTNT Price Returns

1-mo 9.76%
3-mo 33.99%
6-mo 77.00%
1-year 96.85%
3-year 269.09%
5-year 700.47%
YTD 83.29%
2020 39.13%
2019 51.58%
2018 61.20%
2017 45.05%
2016 -3.37%

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