FTNT stock forecast

Our latest prediction for Fortinet, Inc.'s stock price was made on the Aug. 21, 2019 when the stock price was at 81.97$.

In the short term (2weeks), FTNT's stock price should outperform the market by 1.07%. During that period the price should oscillate between -4.00% and +4.88%.

In the medium term (3months), FTNT's stock price should outperform the market by 3.84%. During that period the price should oscillate between -10.28% and +14.92%.

About Fortinet, Inc.

Fortinet, Inc. provides cybersecurity solutions to variety of business, such as enterprises, communication service providers and small businesses. It operates through the following segments Network Security, Fortinet Security Fabric, Cloud Security and Internet of Things and Operational Technology. The Network Security segment include majority of product sales from it FortiGate network security appliances. The Fortniet Security Fabric segment provide platform which is an architectural approach that protects the entire digital attack surface, including network core, endpoints, applications, data centers and private and public cloud. Together with it network of Fabric-Ready Partners, the Fortinet Security Fabric platform enables disparate security devices to work together as an integrated, automated and collaborative solution. The Cloud Security segment provides help to the customers connect securely to and across their cloud environments by offering security through it virtual firewall and other software products in public and private cloud environments. The Internet of Things and Operational Technology segment include the proliferation of Internet of Things ("IoT") and an Operational Technology ("OT") device has generated new opportunities for it to grow it business. IoT and OT have created an environment where data move freely between devices across locations, network environments, remote offices, mobile workers and public cloud environments, making the data difficult to consistently track and secure. The company was founded by Ken Xie and Michael Xie in October 2000 and is headquartered in Sunnyvale, CA.

At the moment the company generates 1955M USD in revenues.

On its last earning announcement, the company reported a profit of 2.13$ per share.

The book value per share is 4.61$

Fortinet, Inc. website