Is fTnT a good stock to buy?
Our Ai stock analyst implies that there will be a positive trend in the future and the FTNT shares might be good for investing for making money. Since this share has a positive outlook we recommend it as a part in your portfolio.
What is the fTnT stock price prediction for 2027-04-09?
Based on our forecasts, a long-term increase is expected, the "FTNT" stock price prognosis for 2027-04-09 is 825.688 USD. With a 5-year investment, the revenue is expected to be around +148.88%.
What does fTnT stand for?
Fortinet (FTNT) to Secure Telenor Sweden's SD-WAN Services Fortinet (FTNT) is going to consolidate NGFW security and SD-WAN services into a single platform to effectively protect data and applications of Telenor Sweden's customers.
Will Fortinet stock grow / rise / go up?
The Fortinet stock price is 331.760 USD today. Will Fortinet stock price grow / rise / go up? Yes. The FTNT stock price can go up from 331.760 USD to 429.605 USD in one year. Is it profitable to invest in Fortinet stock?
Is FTNT a good stock to buy?
Out of 16 analysts, 6 (37.5%) are recommending FTNT as a Strong Buy, 4 (25%) are recommending FTNT as a Buy, 6 (37.5%) are recommending FTNT as a Hold, 0 (0%) are recommending FTNT as a Sell, and 0 (0%) are recommending FTNT as a Strong Sell.
Why did Fortinet share price drop?
Fortinet's stock tumbled after it suspended its Russian operations. It generates less than 3% of its revenue from Russia. Fortinet can probably make up that lost revenue from other markets.
Will FTNT stock go up?
Stock Price Forecast The 23 analysts offering 12-month price forecasts for Fortinet Inc have a median target of 353.00, with a high estimate of 425.00 and a low estimate of 300.00. The median estimate represents a +31.32% increase from the last price of 268.81.
Is Fortinet overvalued?
Considering this, Fortinet is overvalued since its fair value is $241 while it is currently trading at $280. The high multiples have affected the consideration of such a high margin of safety.
What happened to Fortinet?
Fortinet (NASDAQ:FTNT) shares sold off sharply on Monday, losing more than 12% amid a broader market sell-off. The cyber security company also announced it would be suspending its operations in Russia due to the country's invasion of Ukraine.
Is fortinet a sell?
Fortinet has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 14 buy ratings, 8 hold ratings, and no sell ratings.
Are Fortinet and CrowdStrike competitors?
CrowdStrike's competitors CrowdStrike's top competitors include Likewize, Orange Cyberdefense, SentinelOne, Fortinet, Palo Alto Networks, McAfee, Carbon Black, Mandiant and Cylance. CrowdStrike is a company providing endpoint protection solutions.
Fortinet Inc (FTNT-Q)
Fortinet Inc (FTNT-Q)
Among the 10 top performers on the S&P of 2021 #4, up 142%. This did well because of cybersecurity demand. It's not cheap at 72c earnings. He prefers Crowstrike, Cloudflare or Palo Alto. Also, Fortinet isn't that proprietary and he doesn't expect them to repeat 2021's performance.
Fortinet Inc (FTNT-Q) Rating
He owns a little bit of FTNT still. A cyber security company that has been aggressive on the sales and marketing side. However, in this space he would prefer CYBR.
Fortinet Inc (FTNT-Q) Frequently Asked Questions
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.
Top Tech Stocks for March 2022
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
3 Top Cybersecurity Stocks to Buy in February
The technology sector is composed of businesses that sell goods and services in electronics, software, computers, artificial intelligence (AI), and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, such as Apple Inc. (AAPL), Microsoft Corp.
What happened
Cybersecurity threats remain top-of-mind for all types of enterprises, and these companies stand to benefit.
So what
Shares of enterprise cybersecurity specialist Fortinet ( FTNT -1.83% ) crashed on Friday. The stock fell as much as 9.5% in the morning session before climbing back to a milder 7.2% drop at 2:20 p.m. EDT.
NASDAQ: FTNT
Fortinet's total third-quarter revenue rose 19% year over year to $651 million, led by a 22% increase in service sales. Adjusted earnings landed at $0.88 per diluted share, 31% above the year-ago period's result. Your average Wall Street analyst would have settled for earnings near $0.78 per share on revenue of approximately $639 million.
Now what
Looking ahead to the fourth quarter, Fortinet's management expects earnings to rise 26%, landing near $0.96 per share. Sales should stop in the vicinity of $720 million. Here, the current analyst consensus pointed to earnings of roughly $0.87 per share on sales near $708 million.
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The report was followed by a plethora of bullish analyst reactions, including at least four that reiterated "buy" ratings with raised price targets. That didn't stop Fortinet's stock from sliding on a brutal day for the broader market.
