Fortinet Inc
General ticker "FTNT" information:
- Sector: Information Technology
- Industry: Software
- Capitalization: $73.7B
Fortinet Inc follows the US Stock Market performance with the rate: 51.2%.
Estimated limits based on current volatility of 1.6%: low 94.13$, high 97.19$
Factors to consider:
- Company included in S&P500 list
- Current price 12.5% above estimated high
- Earnings for 9 months up through Q3 exceed 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 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [54.19$, 85.74$]
- 2024-12-30 to 2025-12-30 estimated range: [69.49$, 105.16$]
Financial Metrics affecting the FTNT estimates:
- Positive: 0.93 < Non-GAAP EPS, $ of 1.64
- Positive: Operating profit margin, % of 23.38 > 19.51
- Negative: Industry operating cash flow per share per price (median), % of 1.79 <= 3.85
- Positive: -0.96 < Investing cash flow per share, $ of -0.83
- Negative: Operating cash flow per share per price, % of 4.53 <= 7.18
Short-term FTNT quotes
Long-term FTNT plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $3,346.80MM | $4,422.00MM | $5,309.40MM |
| Operating Expenses | $2,696.40MM | $3,452.40MM | $4,068.30MM |
| Operating Income | $650.40MM | $969.60MM | $1,241.10MM |
| Non-Operating Income | $-22.00MM | $-14.10MM | $92.60MM |
| Interest Expense | $14.90MM | $18.00MM | $21.00MM |
| R&D Expense | $424.20MM | $512.40MM | $613.80MM |
| Income(Loss) | $628.40MM | $955.50MM | $1,333.70MM |
| Taxes | $14.10MM | $30.80MM | $143.80MM |
| Other Income(Loss) | $-7.60MM | $-68.10MM | $-42.10MM |
| Profit(Loss) | $606.70MM | $856.60MM | $1,147.80MM |
| Stockholders Equity | $781.70MM | $-281.60MM | $-463.40MM |
| Inventory | $175.80MM | $264.60MM | $484.80MM |
| Assets | $5,919.10MM | $6,228.00MM | $7,258.90MM |
| Operating Cash Flow | $1,499.70MM | $1,730.60MM | $1,935.50MM |
| Capital expenditure | $295.90MM | $281.20MM | $204.10MM |
| Investing Cash Flow | $-1,325.10MM | $763.90MM | $-649.30MM |
| Financing Cash Flow | $82.80MM | $-2,130.30MM | $-1,570.40MM |
| Earnings Per Share* | $0.74 | $1.08 | $1.47 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.