Added to YB: 2024-04-08
Pitch date: 2024-04-07
FTNT [bullish]
Fortinet, Inc.
+118.23%
current return
Author Info
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Company Info
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Market Cap
$118.8B
Pitch Price
$70.04
Price Target
88.00 (-42%)
Dividend
N/A
EV/EBITDA
43.12
P/E
57.23
EV/Sales
15.32
Sector
Software
Category
growth
Fortinet (FTNT) The Most Sleep Well Investment In Cyber Security
FTNT: Networking leader w/ 50% firewall market share expanding into SASE & SecOps. 15%+ growth next 5yrs, 4% FCF yield. Differentiated HW+SW stack, 3yr contracts, 76% of F100 are customers. Founder-led mgmt, $1.4B cash for M&A/buybacks. Fair value $88 base case, $53 bear case.
Read full article (23 min)