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Investor Insights

This summary was created by AI, based on 13 opinions in the last 12 months.

The experts have varying opinions on Fortinet Inc. Some think it has a strong balance sheet and good long-term potential, while others prefer other companies like CRWD and Palo Alto. The consensus seems to be that cybersecurity demand is strong and attacks are increasing. Valuation is debated, with some feeling that the stock is ignored and others finding it expensive. Overall, the company is seen as a strong player in the cybersecurity space, but there are mixed feelings about its current performance.

Consensus
Mixed
Valuation
Fair Value
BUY
Fortinet Inc

Cybersecurity demand remains entrenched. This has the strongest balance sheet compared to PANW and CRWD.

Technology
SELL
Fortinet Inc

He took profits and switched to CRWD on its weakness. Really likes the space; attacks are only going to get more plentiful and more challenging. It's more expensive for companies to suffer attacks than to pay a company for cybersecurity. Looks decent technically, wants to see profits. If it corrects nicely, he'd look at it again.

Technology
BUY
Fortinet Inc

He still owns it, one of the best performers over the summer. Conservative in reporting, taken to the woodshed for that, but has come back very well. 

Technology
PAST TOP PICK
Fortinet Inc
(A Top Pick Sep 14/23, Up 21%)

Took profit on the spike of a few weeks ago. Likes the space in general and its long-term potential. Can't get away from the growing frequency and sophistication of cyberattacks around the world.

Technology
DON'T BUY
Fortinet Inc

Company has been doing better. Would prefer a company called Palo Alto. Valuation very high, even though tech is strong. Better options for investors in the markets. 

Technology
BUY
Fortinet Inc

Cybersecurity stocks are back today. Don't trade, but invest in cyber. He's very bullish cybersecurity. Of the big three, though, Fortinet has the best balance sheet in the sector.

Technology
TRADE
Fortinet Inc
Investor is still down after 3 years, looking to exit.

Chart's moving sideways. Support ~$50, resistance ~$75-80. He likes this kind of stock for a trade. Based on past history, decent chance it will make it to the top of the range. No dividend.

Technology
BUY
Fortinet Inc

Trades at 30x forward PE and 33% free cash flow margins. Super fundamentals, and yet shares are ignored. This outage could help Fortinet shares.

Technology
HOLD
Fortinet Inc

Hold for now, but he wouldn't hold it going into earnings, estimated to be August 2. Management is tremendous, but very conservative, and they lowball numbers and then stock rolls over.

If you ever get a chance to buy CRWD, that's a good one in the space.

Technology
WATCH
Fortinet Inc
PANW vs. FTNT vs. CHKP

He used to own CHKP. Both PANW and FTNT are strong businesses, market leaders in the space and taking market share away from CHKP.

Challenge is that PANW and FTNT are really strong in this industry. Good for the consumer, but may not be good for the businesses in that space. At 46x PE, PANW is really expensive, growth needed to justify that valuation is substantial, high valuation keeps him on the sidelines.

Look at the space as a whole to see if you want to be involved, rather than choosing just one player. Does like the aspect of customer "stickiness" in that once a customer signs up, switching costs are high.

Technology
TRADE
Fortinet Inc

Very conservative during reporting season. They lowball it, and stock rolls over. A trading vehicle. Much prefers CRWD and SentinelOne.

Technology
BUY
Fortinet Inc

An analyst recommend Palo Alto, Fortinet and Crowdstrike, citing tailwinds that continue to be increasing cyber-threats, SEC requiring companies to disclose hacks, and easier growth comps. Nothing new. He likes this space.

Technology
PAST TOP PICK
Fortinet Inc
(A Top Pick Mar 23/23, Down 7%)

Saw growth slowing, sold. Market share shifting in such a dynamic area makes it hard to identify the winners. Instead, bought WCBR, a more diversified cybersecurity ETF. 

Technology
COMMENT
Fortinet Inc

The stock is plunging 16% after reporting. The fall is idiosynchratic, otherwise peers like Crowdstrike would be down as much, too. Fortinet faces major challenges in their firewall products. Owns it, but not every stock in your portfolio will be perfect. Is holding this at a loss. Many analysts have cut back price targets to $50-52.

Technology
TOP PICK
Fortinet Inc

Cyberattacks are not going away. Global leader, second only to PANW. Long-term, seeing robust secular trends of escalating threats, digital expansion, and increased budgets allocated to cybersecurity. Work from home and internet of things will also drive demand. EPS growth rate about 18-20%. No dividend.

(Analysts’ price target is $74.79)
Technology
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Fortinet Inc(FTNT-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 10

Stockchase rating for Fortinet Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Fortinet Inc(FTNT-Q) Frequently Asked Questions

What is Fortinet Inc stock symbol?

Fortinet Inc is a American stock, trading under the symbol FTNT-Q on the NASDAQ (FTNT). It is usually referred to as NASDAQ:FTNT or FTNT-Q

Is Fortinet Inc a buy or a sell?

In the last year, 10 stock analysts published opinions about FTNT-Q. 7 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fortinet Inc.

Is Fortinet Inc a good investment or a top pick?

Fortinet Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortinet Inc.

Why is Fortinet Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Fortinet Inc worth watching?

10 stock analysts on Stockchase covered Fortinet Inc In the last year. It is a trending stock that is worth watching.

What is Fortinet Inc stock price?

On 2024-12-13, Fortinet Inc (FTNT-Q) stock closed at a price of $97.95.