I think Fortinet Inc ($FTNT) is a Possible Buy. It currently should be $141. Confident Investor Rating: Good
| Company name | Fortinet Inc |
| Stock ticker | FTNT |
| Live stock price | [stckqut]FTNT[/stckqut] |
| P/E compared to competitors | Fair |
MANAGEMENT EXECUTION
| Employee productivity | Poor |
| Sales growth | Good |
| EPS growth | Fair |
| P/E growth | Poor |
| EBITDA growth | Good |
| Price growth | Good |
| R&D growth | Good |
| Income growth | Good |
| Assets growth | Good |
| Return on Assets growth | Good |
| Market Capitalization Growth | Good |
| Income / Rev growth | Good |
| TWCA Plus | Good |
| Standard TWCA | Good |
| Weighted ann. stock price increase | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $206.61 |
| Target stock price (averages with growth) | $171.87 |
| Target stock price (averages with no growth) | $117.21 |
| Target stock price (manual assumptions) | $140.8 |
The following company description is from Yahoo: https://finance.yahoo.com/quote/ftnt/profile?p=ftnt
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender appliance provides a WAN connection to its FortiGate products; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions, as well as FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiNAC product family to implement zero trust network access strategies. The company 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. Fortinet, Inc. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Fortinet Inc as long as the indicators that I describe in my book The Confident Investor are favorable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Fortinet Inc calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $133.47
- Growth: 0.144466666666667
- Current EPS (TTM): $2.179842
- P/E: 52.9809300241591
- Future EPS Calc: $4.27
- Future Stock Price Calc: $226.75
- Target stock price: $140.79
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I hope that this makes you a Confident Investor.