|Bid||117.11 x 1000|
|Ask||117.21 x 800|
|Day's range||115.91 - 118.98|
|52-week range||70.20 - 151.95|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||43.70|
|Earnings date||04 Feb 2021 - 08 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||142.87|
Fortinet is one of the largest cybersecurity pure-play companies by revenue and has consistently grown sales by double-digit percentages for years. Along with growth, this is also one of the most profitable cybersecurity firms around with free cash flow profit margins of over 30% and zero debt. Fortinet (NASDAQ: FTNT), in keeping with its stalwart performance over the years, has done particularly well.
If you're looking for a company that's delivering solid growth and trading at an attractive valuation at a time when tech stocks tend to be richly valued, then you may not need to look beyond Fortinet (NASDAQ: FTNT), as it checks all of those boxes. This could be a nice opening for those investors who are on the lookout for growth stocks trading at a reasonable valuation right now. Fortinet currently has a trailing price-to-earnings (P/E) ratio of 41 and trades at 31 times forward earnings.
It's been a sad week for Fortinet, Inc. (NASDAQ:FTNT), who've watched their investment drop 15% to US$110 in the week...