Fortinet, Inc. (FTNT) – Potential leader in cybersecurity industry

Fortinet, Inc. (FTNT) (Q2FY23)

Stock Performance: Fortinet stock price showed a downtrend in the past 3-month period and gave negative returns of -26%. The price increased by 5% in the past 1 year. It had a 52-week high of $81.24 and a 52-week low is $42.61.

Quarter Performance: In Q2FY23, FTNT’s revenue increased by 26% to $1.3bn from $1bn in Q2FY22 and the COGS increased by 18% to $295.8mn from $250.8mn in the same period

Guidance: For Q3FY23, FTNT expects billings in the range of $1.56bn to $1.62bn, which at the midpoint represents growth of 13%. Revenue in the range of $1.315bn to $1.375bn, which at the midpoint represents growth of 17%. Non-GAAP gross margin of 75.5% to 76.5%. Non-GAAP operating margin of 24.5% to 25.5%.

Highlights

In recent quarterly wins, Fortinet’s robust and integrated platform demonstrated its strength. Notably, a global pharmaceutical leader made an eight-figure investment in Fortinet’s cybersecurity fabric, including OT-aware secure networking and AIOps, recognizing the shift towards a platform-based security approach.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 38

To Download other equity reports CLICK HERE

Follow our LinkedIn page for more updates.