Added to YB: 2026-05-15
Pitch date: 2026-05-13
FTNT [neutral]
Fortinet, Inc.
+46.96%
current return
Author Info
No bio for this author
Company Info
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Market Cap
$126.5B
Pitch Price
$118.03
Price Target
200.00 (+12%)
Dividend
N/A
EV/EBITDA
45.98
P/E
60.91
EV/Sales
16.34
Sector
Software
Category
growth
FTNT: My Target Prices
FTNT (holding update): Up 65% in 2 yrs (avg cost $69, now $114). Won't sell under $200. Q1 firewalls +32% (beat low guidance), Service rev more predictable. Proprietary ASICs give 3-5x better performance/cost vs competitors. Pricing power intact, gross margins protected. Sovereign SASE moat (#1 player, huge TAM). $1M+ contracts +60%. 5yr assumptions: 8-16% rev CAGR, 26-32% margins, 22-32x multiple = $200+ bull target. Hold.
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