Fortinet, Inc.

Fortinet provides cybersecurity solutions worldwide, focusing on networking and security convergence. They offer secure networking solutions, network firewalls, wireless LAN solutions, and secure connectivity products. Fortinet also provides Unified SASE solutions and security operations solutions, including AI-powered tools. Additionally, they offer security services, technical support, and training to customers and partners. The company serves enterprises, government organizations, and small businesses.

Overview

Sector

Software Infraestructure

Target Price

56.6 USD

Current Price

80.8 USD

Potential

-30%

Strengths

The company has low debt. Net Debt to EBITDA Ratio is -0.90 and it is lower than the sector mean.
The company has high returns. ROIC (90.76%) is higher than the sector mean (16.38%).
Strong EBITDA Margin of 35.18%.

Weaknesses

With a depreciation Potential of -26.68%, based on our fundamental analysis, it suggests the stock may be overvalued.
Price to book ratio (39.66) is significantly higher than the sector mean (14.02).

Key Financial Data

Indicator	Value
PER	35.5
EV/EBITDA	28.7
Price/Free Cash Flow'	33.0
ROIC	90.8%
Net Debt/EBITDA	-0.9