In his momentum portfolio. Growing sales and its order book at a 30% pace, which is a leading indicator of future demand. Growing earnings even faster. Pricey at 40x earnings, but justified given the great secular growth ahead. Trading below its historic average. Sees good and accelerating growth ahead, because of the imperative of cybersecurity. No dividend.
(Analysts’ price target is $70.90)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
In the last year, 4 stock analysts published opinions about FTNT-Q. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fortinet Inc.
Fortinet Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortinet Inc.
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4 stock analysts on Stockchase covered Fortinet Inc In the last year. It is a trending stock that is worth watching.
On 2023-05-26, Fortinet Inc (FTNT-Q) stock closed at a price of $67.77.
It provides network and cloud security with broad integrated automated cyber security solutions, both hardware and software. Its market cap is $50 billion.
(Analysts’ price target is $79.00)