# Fortinet, Inc. – Consensus ‘buy’ rating and 22.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/fortinet-inc.consensus-buy-rating-and-22.3-upside-potential/4121165669
- Published: 2024-07-22T13:49:24+01:00
- Author: Charlotte Edwards

**Fortinet, Inc.** with ticker code (FTNT) now have 37 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The range between the high
target price and low target price is between $91.50 and $54.00 and has a mean target
at $71.09. Given that the stocks previous close was at $58.13 this is indicating
there is a potential upside of 22.3%. There is a 50 day moving average of $59.79
while the 200 day moving average is $61.19. The company has a market cap of 44.68B.
The stock price is currently at: $58.48 USD

 The potential market cap would be $54,635,340,176 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 37.97, 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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