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Investor Insights

This summary was created by AI, based on 14 opinions in the last 12 months.

Fortinet Inc, FTNT-Q, is a cybersecurity company facing challenges in its firewall products. However, it is a global leader in the industry, with strong secular growth and rising demand. Some experts recommend it as a long-term investment, while others advise caution due to recent quarterly results and potential shifts in corporate spending priorities.

Consensus
Mixed
Valuation
Fair Value
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
DON'T BUY
Fortinet Inc

Has done well with this for the past few years. The big competitor to Palo Alto. It benefitted from the pandemic during remote work. Also, there's a secular market in cybersecurity. He sold it a few weeks ago after they reported Q2. Things changed abruptly; corporates are prioritizing away from cybersecurity and spending instead on AI. This spending is probably deferred, not cancelled.

Technology
BUY
Fortinet Inc

They just reported top and bottom line beats. Managers have always been cautious--they lowered guidance (and shares got crushed), so now is a great buying opportunity. He targets $78.30

Technology
HOLD
Fortinet Inc

Good company despite recent quarterly results.
Long term - expecting strong performance.
Good cyber security assets. 
Would hold if already own shares.
Sees potential for growth in free cash flow and earnings. 

Technology
BUY
Fortinet Inc

Cybersecurity is a good business now with strong secular growth and rising demand. FTNT is among the market leaders. He's owned this for some years. Valuation is a little high vs. their growth, but he's getting good value. They keep beating earnings.

Technology
BUY
Fortinet Inc

US tech company leading cyber security.
Very strong demand for cyber security.
Excellent business that would recommend.
Growing very fast the past 5 years.
Expecting 20% growth. 
Current share price a good place to buy at.
Owns shares in the company. 

Technology
BUY ON WEAKNESS
Fortinet Inc

He bought this in early March at $126 and sold it today at $147. It's the least profitable cybersecurity stock and he's a little troubled by the rising move in interest rates, not peaking as he expected. So stocks like Crowdstrike will be challenged. This is a valuation trade, and he will buy Palo Alto and/or Fortinet at a lower price (they have lower valuations). Ring the register and take profits. Fortinet generates strong free cash flow, and also scores well in ROE and debt-to-equity. Maybe not a super balance sheet, but they have the flexibility to do the things they want, because they have profits today. So, they're less reliant on funding from the debt markets and less effected by rising rates.

Technology
BUY
Fortinet Inc

Has a better balance sheet than peers and are gaining market share in the enterprise side. Boasts 30% total revenue growth.

Technology
PARTIAL SELL
Fortinet Inc

12-month price target of $73.50, so it's getting close. You might want to take a bit of profit off. That way, you're still in it, and if it goes down, you can buy it back. Recently beat on top and bottom lines, plus raised guidance.

Technology
PAST TOP PICK
Fortinet Inc
(A Top Pick May 18/22, Up 16%)

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)
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 2024-06-18, Fortinet Inc (FTNT-Q) stock closed at a price of $59.14.