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$166.21 -$1.36 (-0.8%)

04:00 PM EST on 03/08/21

Fortinet (NASDAQ:FTNT)

CAPS Rating: 4 out of 5

Current Price $166.21 Mkt Cap $27.3B
Open $167.97 P/E Ratio 55.87
Prev. Close $166.21 Div. (Yield) $0.00 (0.0%)
Daily Range $166.08 - $170.80 Volume 1,192,608
52-Wk Range $70.20 - $174.79 Avg. Daily Vol. 1,255,823

Caps

How do you think NASDAQ:FTNT will perform against the market?

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All Players

344 Outperform
19 Underperform
 

All-Star Players

87 Outperform
1 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:FTNT Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

TMFFlygal (99.32)
Submitted May 28, 2020

Total revenue of $576.9 million, up 22% year over yearProduct revenue of $192.3 million, up 18% year over yearBillings of $667.8 million, up 21% year over year1Deferred revenue of $2.23 billion, up 26% year over yearGAAP operating margin of 20.1%, up… More

inov8d (< 20)
Submitted March 10, 2020

at 20% growth rate, forward p/e of 38.17 is too high for this market. 30 might be more reasonable.

NASDAQ:FTNT VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about FTNT.

Recs

0
Member Avatar TeachXLearn (45.96) Submitted: 2/15/2021 9:56:05 PM : Outperform Start Price: $165.41 NASDAQ:FTNT Score: +3.59

Demand for cutting-edge cybersecurity is growing throughout the world. The pandemic and accelerated digitization have forced organizations of all types to increase focus and spend on cybersecurity. Organizations that have traditionally been laggards in terms of cybersecurity spend, like K-12 Education and Higher Education organizations, are requiring greater investment. This is a trend that is expected to continue.
Fortinet has a healthy ~$27B market cap (Mid-Cap), giving it solid long-term upside. Fortinet estimates it is operating in a space with a current Total Addressable Market (TAM) of $105B. For comparison, Fortinet is currently about half the size of CrowdStrike (CRWD) which sits at ~$54B market cap. Even with a relatively modest market cap, Fortinet is a winner that I expect to keep on winning and grabbing market share from competitors, especially incumbents. No matter how you slice it Fortinet is a market beater. When compared to ETFMG Prime Cyber Security ETF (HACK) and the S&P 500, Fortinet has handily outperformed both HACK and the S&P 500 coming off the March 2020 lows. Fortinet has also crushed the S&P 500 when measuring across, 1, 3, and 5-year time frames.
In addition to being a winner, Fortinet offers its high upside growth at a reasonable valuation with a PE Ratio of ~55x Which is slightly below the industry average. Along with a reasonable valuation, Fortinet boasts healthy and sustainable margins with a Gross Margin consistently above 75% (78.5% Q4 2020) and an Operating Margin of over 27% for the last three quarters and 29.4% in Q4 2020. The strong margin profile of Fortinet has allowed it to build an enviable balance sheet with around $1.8B in dry powder and zero debt.
The remarkable results of this business are undoubtedly tied to the excellent leadership team. Founded in 2000 by visionary brothers Ken Xie and Michael Xie Fortinet is mission-driven and aligned with investor interests. The Xie brothers still hold a substantial stake in the company( >14%).

Recs

0
Member Avatar Oranicus (89.81) Submitted: 2/8/2021 4:28:10 PM : Outperform Start Price: $138.88 NASDAQ:FTNT Score: -2.05

Strong fundamentals. Seems to always go up.

Recs

0
Member Avatar MimiBrooks (34.75) Submitted: 12/19/2020 7:26:23 PM : Underperform Start Price: $136.57 NASDAQ:FTNT Score: -17.11

Had to work with their technology and it was a tangled nightmare of technical debt.

Leaderboard

Find the members with the highest scoring picks in FTNT.

Score Leader

Magistrate

Magistrate (80.92) Score: +1,684.99

The Score Leader is the player with the highest score across all their picks in FTNT.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Magistrate 80.92 1/29/2010 1/24/2011 Outperform 3Y $8.15 +1,939.39% +254.40% +1,684.99 0 Comment
CPKB 81.67 2/16/2010 Outperform 5Y $8.30 +1,902.53% +249.02% +1,653.51 0 Comment
DayTradingDynamo < 20 2/16/2010 Outperform 5Y $8.33 +1,895.32% +250.65% +1,644.67 0 Comment
HongKongFoolie 42.09 2/16/2010 Outperform 5Y $8.33 +1,895.32% +250.65% +1,644.67 0 Comment
weeinvester 83.37 11/30/2009 Outperform 5Y $8.50 +1,856.56% +249.02% +1,607.55 0 Comment
zzzzzz11 < 20 11/30/2009 Outperform 5Y $8.53 +1,849.68% +248.67% +1,601.01 0 Comment
liwen238 < 20 7/23/2010 Outperform 3Y $8.87 +1,774.90% +248.51% +1,526.39 0 Comment
BangkokThailand 61.44 9/7/2010 Outperform 1Y $10.59 +1,469.50% +245.85% +1,223.64 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. Pfff10 66.83 10/7/2010 Outperform 5Y $11.91 +1,295.55% +229.07% +1,066.48 0 Comment
fnw2 < 20 9/20/2010 Outperform 5Y $12.50 +1,229.68% +238.16% +991.52 0 Comment

Wall Street

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There are no Wall Street tracker picks for FTNT.