# Fortinet, Inc.  Share Price Target ‘$72.84’, now -5.6% Downside Potential

- Link: https://www.directorstalkinterviews.com/fortinet-inc.share-price-target-72.84-now-5.6-downside-potential/4121170224
- Published: 2024-09-04T14:36:20+01:00
- Author: Charlotte Edwards

**Fortinet, Inc.** with ticker code (FTNT) have now 36 analysts in total covering
the stock. The consensus rating is pointing to ‘buy’. The target price High/Low 
ranges between $91.50 and $59.00 calculating the mean target share price we have
$72.84. (at the time of writing). Now with the previous closing price of $77.13 
this now indicates there is a potential downside of -5.6%. It’s also worth noting
that there is a 50 day moving average of $64.39 and the 200 moving average now moves
to $62.98. The company has a market capitalization of 58.66B. The stock price is
currently at: $76.70 USD

 The potential market cap would be $55,401,671,504 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 45.38, 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.

Share on: