The consensus among 15 Wall Street analysts covering (NASDAQ: FTNT) stock is to Buy FTNT stock.
Is Fortinet publicly traded?
Fortinet’s common stock is traded on the Nasdaq Global Market under the symbol “FTNT.”.
What sector is Ftnt in?
It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries.
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.
Is Fortinet a sell?
Fortinet has received a consensus rating of Moderate Buy The company’s average rating score is 2.71, and is based on 15 buy ratings, 6 hold ratings, and no sell ratings.
Will Ftnt stock go up?
Fortinet Inc (NASDAQ:FTNT) The 23 analysts offering 12-month price forecasts for Fortinet Inc have a median target of 70.60, with a high estimate of 85.00 and a low estimate of 60.00 The median estimate represents a +24.98% increase from the last price of 56.49.
Is Fortinet a Chinese company?
Fortinet is an american multinational corporation headquartered in Sunnyvale, California. The company develops and sells cybersecurity solutions, such as physical firewalls, antivirus software, intrusion prevention systems, and endpoint security components. Fortinet, Inc. U.S.
Who is Fortinet owned by?
ken xie A cybersecurity expert and successful entrepreneur, Ken Xie is Founder, Chairman and CEO of Fortinet, the global cybersecurity leader.
Is Ftnt undervalued?
Since FTNT is currently undervalued , it may be a great time to accumulate more of your holdings in the stock.
Is fortinet a good company?
Management and coworkers were very nice, company culture amazing. This company is one of the best companies in which I have worked without a doubt The management is amazing, they allow you to finish the job with enough time without bothering you. The culture of the company is excellent.
Who are Fortinet’s competitors?
- Palo Alto Networks.
- Check Point Software Technologies.
Is Fortinet a Fortune 500 company?
Fortinet | 2022 Fortune 500 | Fortune.
Are Fortinet firewalls any good?
Fortinet’s FortiGate firewalls offer strong security at a good price point , making them one of the most popular firewall vendors and a frequent finalist on enterprise shortlists. Gartner named the company one of three leaders in its enterprise network firewall magic quadrant, along with Palo Alto and Check Point.
Is fortinet a good investment?
Far from being a “legacy” security vendor, Fortinet is an incredible allocator of capital and has been a fantastic investment for many years And with management forecasting another year of almost 30% sales growth in 2022, it’s still a great time to buy.
Why did Fortinet stock 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.
What is Fortinet used for?
Fortinet delivers high-performance network security solutions that protect your network, users, and data from continually evolving threats Our broad portfolio of top-rated solutions and centralized management enables security consolidation and delivers a simplified, end-to-end security infrastructure.
Where is FortiGate made?
Fortinet is headquartered in Sunnyvale, California, owns a 200,000 square foot manufacturing assembly and operations center in Union City, California , and has offices around the globe.
How long has Fortinet been in business?
One company at the forefront of network security is Fortinet (NASDAQ FTNT) a Sunnyvale, California-based, multinational corporation founded in 2000 by Chinese immigrant brothers Ken and Michael Xie, both billionaires and Forbes 400 members.
Is Fortinet made in China?
The bottom of the sales invoice listed those products as “TAA Compliant Inventory,” when in fact the Fortinet product, a network security device, was “ exclusively produced in China ,” according to the suit.
Why is Fortinet the best firewall?
Fortinet Network Firewalls protect any edge at any scale with Security-Driven Networking Our Security-Driven Networking approach accelerates the convergence of networking and security to protect any edge, including the enterprise data center, WAN, and cloud edges—all from a single network firewall platform.
What makes Fortinet different?
Fortinet’s NGFWs minimize cost and complexity by delivering advanced security capabilities, such as intrusion prevention, to provide full protection and visibility for any network edge at any scale, including cloud edges, Wireless Area Network (WAN) and the enterprise data center, web filtering, and Secure Sockets.
Is zscaler a good company to work for?
90% of employees at Zscaler say it is a great place to work compared to 57% of employees at a typical U.S.-based company. Source: Great Place to Work® 2021 Global Employee Engagement Study. Management is honest and ethical in its business practices. Our executives fully embody the best characteristics of our company.
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