# Fortinet, Inc. – Consensus ‘buy’ rating and 19.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/fortinet-inc.consensus-buy-rating-and-19.6-upside-potential/4121163267
- Published: 2024-07-01T13:01:43+01:00
- Author: Charlotte Edwards

**Fortinet, Inc.** which can be found using ticker (FTNT) have now 37 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $91.50 and $54.00 suggesting an average Analsyt target
price of $71.80. Now with the previous closing price of $60.04 this would imply 
there is now a potential upside of 19.6%. There is a 50 day moving average of $60.72
and the 200 moving average now moves to $61.18. The market cap for the company is
46.04B. The stock price for Apple Inc. is $60.27 USD

 The potential market cap would be $55,060,868,110 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 39.14, revenue per share of $6.98
and a 11.08% return on assets.

Fortinet, Inc. is engaged in offering cybersecurity and networking solutions. The
Company provides cyber security solutions to a variety of organizations, including
enterprises, communication service providers, security service providers, government
organizations and small businesses. The Company’s product offerings consist of its
core platform network security products and its enhanced platform technology products,
which are offered in a range of forms spanning physical appliances, virtual appliances,
software, and cloud-hosted services. Its Secure Networking solutions enable the 
convergence of networking and security across all edges to provide next generation
firewall, software-defined wide area network (SD- WAN), and secure access service
edge (SASE). Its Zero Trust Access solutions enable customers to know and control
who and what is on their network. Its FortiGuard security services counter threats
in real time with artificial intelligence-powered, coordinated protection.

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