Fortinet, Inc. (FTNT) (Q1FY24) – Ahead in network security with SASE innovation and AI

Highlights of the report

In recent developments, Fortinet has demonstrated significant advancements in the network security landscape, notably securing a place in five Gartner Magic Quadrants.

Fortinet (FTNT) Equity Report Q1FY24

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Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.

 In Q1FY24, FTNT’s revenue increased by 7% to $1.4bn from $1.26bn in Q1FY23 and the COGS increased by 1% in comparison to Q1FY23.

Fortinet stock price showed an downward trend in the past 3-month period and gave -15% returns. The stock price fell by -22% in the past 1-year. The stock has a 52-week high of $81.24 and a 52-week low of $44.12. FTNT has a 50-day moving Avg. and a 200-day moving Avg. of $60.90 and $61.24, respectively.



– Enterprise Value
– CrispIdea 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


Stock Price Performance

Crispidea Coverage

Report details

Fortinet, Inc. (FTNT) (Q1FY24) – Ahead in network security with SASE innovation and AI



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