# Fortinet, Inc. – Consensus ‘buy’ rating and -3.9% Downside Potential

- Link: https://www.directorstalkinterviews.com/fortinet-inc.consensus-buy-rating-and-3.9-downside-potential/4121170997
- Published: 2024-09-09T13:41:13+01:00
- Author: Charlotte Edwards

**Fortinet, Inc.** which can be found using ticker (FTNT) have now 36 confirmed 
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
range between the high target price and low target price is between $91.50 and $
59.00 with the average target price sitting at $72.84. Given that the stocks previous
close was at $75.80 this now indicates there is a potential downside of -3.9%. The
50 day MA is $65.45 and the 200 day moving average is $63.36. The market capitalization
for the company is 57.49B. Currently the stock stands at: $75.16 USD

 The potential market cap would be $55,241,801,879 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 44.47, revenue per share of $7.21
and a 11.6% 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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