Stock Price & Analysis

Based on the provided data and recent market analysis, here's a comprehensive evaluation of FTNT stock:

Technical Analysis

The stock is showing strong momentum with key technical indicators:

• RSI-14 at 62.64 indicates bullish momentum without being overbought
• MACD is positive at 4.18 with a bullish crossover (MACD histogram: 0.49)
• Stock is trading above all major moving averages (SMA 5, 10, 20, 60, 200)
• Current price around $111.09 is testing Fibonacci resistance at R1 ($114.08)

Fundamental Strength

Key fundamental metrics show solid performance:

• Strong revenue growth with 2024 earnings jump of 45%
• Market leadership in network firewall security with >50% market share
• Healthy gross margin of 75.44%
• Impressive ROE of 342.85%
• Zero debt-to-equity ratio indicating strong balance sheet

Recent Developments & Analyst Views

• CFO Keith Jensen recently sold 6,436 shares (~30.6% of holdings) at around $113.75 per share
• Institutional confidence remains high with 615 institutions increasing positions
• Current analyst consensus is "Moderate Buy" with mean price target of $106.41
• RBC Capital and Stifel maintain Hold ratings with $115 price targets

Growth Catalysts

• Leading position in the expanding network firewall market
• Strong traction in unified SASE market with 21% YoY growth in RPO to $1.45B
• Analysts project accelerating earnings growth through 2027

Recommendation

SELL at current levels ($111.09) based on:

• Stock trading near technical resistance levels
• Recent insider selling activity
• Current valuation appears stretched at 48x P/E
• Price has exceeded several analyst price targets
• Technical indicators suggest potential short-term pullback

Consider re-entering on pullbacks to support levels around $104-105 range.

Based on the comprehensive analysis of available data and recent market developments, here is the price prediction for FTNT stock in 2025:

Fortinet (FTNT) is expected to reach $130-135 by end of 2025, driven by strong firewall refresh cycle momentum and expanding SASE market share. The stock's recent performance and analyst upgrades support this target, with Wedbush raising their price target to $130 and Goldman Sachs maintaining a Buy rating with continued confidence in Fortinet's growth story.

The company's robust Q4 2024 results showing 17% revenue growth and positive 2025 outlook, combined with its leading position in network firewall security with over 50% market share, provides strong foundation for this price target.

The S1 support level for FTNT Stock is $105.94 ,The R1 resistant level for FTNT Stock is $114.

As of the end of day on 2025-02-26, the price of FTNT Stock was $109.39.

The target price for FTNT Stock according to analyst rating is 113.96, with the highest price target at 135.00 and the lowest at 87.00. Analysts have a Moderate Buy rating on FTNT Stock overall.

The market cap of FTNT is $83.8B.

Based on the provided data and current market conditions, FTNT appears overvalued for the following specific reasons:

The stock currently trades at a forward P/E of 45x, which is significantly higher than the tech-laden Nasdaq-100 index's multiple of 34x, indicating a premium valuation despite slower projected growth.

Analysts project only 5% earnings growth for 2025 to $2.48 per share, much lower than 2024's 45% growth, suggesting the current valuation multiple is difficult to justify.

The company's price-to-sales ratio of 9.83x is substantially above the Internet Software industry average of 2.74x, reflecting an expensive valuation relative to peers.

Recent insider selling activity, including the CFO's sale of 6,436 shares, may signal management's view that the stock is fully valued at current levels.

The stock's RSI of 62.64 indicates it's approaching overbought territory, suggesting limited near-term upside potential from current levels.

Fortinet, Inc. provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE) and AI-driven security operations to deliver cybersecurity where customers need it. It offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. Its Unified SASE solution is a single-vendor SASE solution that includes Firewall, SD-WAN, Secure Web Gateway, Cloud Access Services Broker, and Data Loss Prevention, Zero Trust Network Access and cloud security. Its Security Operations solutions are delivered as a platform that automates detection and response to accelerate discovery and remediation.

Based on the provided data and recent analyst reports, here's a comprehensive analysis for FTNT's price prediction in 2030:

The cybersecurity market leader Fortinet (FTNT) is expected to reach $150 by 2027 based on projected earnings of $3.41 per share and a forward P/E multiple of 44x. Extrapolating this growth trajectory and considering the following key drivers:

1. Network Firewall Market Leadership:

• Over 50% market share in network firewall security
• Market expected to grow 2.5x through 2034

2. SASE Market Expansion:

• 21% YoY growth in remaining performance obligations to $1.45B
• Industry projected 12% CAGR through 2029

3. Strong Financial Execution:

• Q4 2024 revenue grew 17% YoY to $1.66B
• Billings increased 7% to $2B
• Healthy operating margins beating Street estimates by 550bps

Based on these growth catalysts and current market position, FTNT stock is projected to reach $220-240 by 2030, representing a ~100% upside from current levels. This projection assumes:

• Continued market leadership in network security
• Successful execution in SASE market expansion
• Maintenance of strong operating margins
• No major competitive disruptions

The stock price prediction is supported by multiple analysts raising their near-term targets, including Cantor Fitzgerald ($115), RBC Capital ($115), and Wedbush ($130), reflecting growing confidence in Fortinet's long-term growth trajectory.

FTNT has a total of 13568 employees.