Fortinet, Inc.
General ticker "FTNT" information:
- Sector: Information Technology
- Industry: Software - Infrastructure
- Capitalization: $73.0B (TTM average)
Fortinet, Inc. does not follow the US Stock Market performance with the rate: -5.8%.
Estimated limits based on current volatility of 1.3%: low 75.82$, high 77.80$
Factors to consider:
- Company included in S&P500 list
- Company included in NASDAQ-100 index
- Total employees count: 14138 as of 2024
- US accounted for 29.8% of revenue in the fiscal year ended 2024-12-31
- Top business risk factors: Economic downturns and volatility, Component shortages, Government regulations, Market competition, Supply chain disruptions
- Current price 12.3% below estimated low
- Earnings for 9 months up through Q3 are close to our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [79.68$, 113.35$]
- 2025-12-31 to 2026-12-31 estimated range: [85.97$, 122.16$]
Financial Metrics affecting the FTNT estimates:
- Negative: with PPE of 40.4 at the end of fiscal year the price was high
- Positive: Operating profit margin, % of 30.26 > 18.33
- Positive: Return on assets ratio (scaled to [-100,100]) of 15.38 > 6.04
- Positive: Interest expense per share per price, % of 0.03 <= 0.74
- Positive: Inventory ratio change, % of -2.38 <= -0.76
- Positive: -9.48 < Industry operating profit margin (median), % of -3.62
- Positive: Shareholder equity ratio, % of 15.30 <= 19.35
Short-term FTNT quotes
Relationship graph
Long-term FTNT plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $4,422.00MM | $5,309.40MM | $5,960.40MM |
| Operating Expenses | $3,452.40MM | $4,068.30MM | $4,157.00MM |
| Operating Income | $969.60MM | $1,241.10MM | $1,803.40MM |
| Non-Operating Income | $-14.10MM | $92.60MM | $255.10MM |
| Interest Expense | $18.00MM | $21.00MM | $20.00MM |
| R&D Expense | $512.40MM | $613.80MM | $716.80MM |
| Income(Loss) | $955.50MM | $1,333.70MM | $2,058.50MM |
| Taxes | $30.80MM | $143.80MM | $283.90MM |
| Other Income(Loss) | $-68.10MM | $-42.10MM | $-29.40MM |
| Profit(Loss)* | $857.30MM | $1,147.80MM | $1,745.20MM |
| Stockholders Equity | $-281.60MM | $-463.40MM | $1,493.80MM |
| Inventory | $264.60MM | $484.80MM | $315.50MM |
| Assets | $6,228.00MM | $7,258.90MM | $9,763.10MM |
| Operating Cash Flow | $1,730.60MM | $1,935.50MM | $2,258.10MM |
| Capital expenditure | $281.20MM | $204.10MM | $378.90MM |
| Investing Cash Flow | $763.90MM | $-649.30MM | $-727.40MM |
| Financing Cash Flow | $-2,130.30MM | $-1,570.40MM | $-50.10MM |
| Earnings Per Share** | $1.08 | $1.47 | $2.28 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.