# Fortinet, Inc.  Share Price Target ‘$71.80’, now 17.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/fortinet-inc.share-price-target-71.80-now-17.7-upside-potential/4121163662
- Published: 2024-07-04T12:45:40+01:00
- Author: Charlotte Edwards

**Fortinet, Inc.** with ticker code (FTNT) now have 37 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 $54.00 calculating 
the mean target share price we have $71.80. (at the time of writing). Given that
the stocks previous close was at $61.01 this indicates there is a potential upside
of 17.7%. The 50 day MA is $60.53 and the 200 day MA is $61.15. The company has 
a market capitalization of 46.39B. The stock price for Apple Inc. is $60.73 USD

 The potential market cap would be $54,599,015,227 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 39.44, 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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