Added to YB: 2024-03-15
Pitch date: 2024-03-15
FTNT [bullish]
Fortinet, Inc.
+22.73%
current return
Author Info
Equity research team focused on tech stocks (with special interest in cybersecurity and cloud). Sign up for their newsletter.
Company Info
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Market Cap
$61.7B
Pitch Price
$66.99
Price Target
100.00 (+22%)
Dividend
N/A
EV/EBITDA
26.62
P/E
34.13
EV/Sales
9.10
Sector
Software
Category
growth
Fortinet - A Vision Beyond SASE
FTNT: Pioneering converged networking/security with custom ASICs, enabling on-prem & cloud SASE. Gartner now recognizes unique approach after initial skepticism. Poised for growth in SASE, NaaS (underappreciated by market), and OT/IoT security. 50% upside in base case DCF ($100 PT).
Read full article (11 min)