(FTNT) Fortinet - Ratings and Ratios

Fortinet Inc (NASDAQ:FTNT) is a leading cybersecurity company that provides a comprehensive range of solutions, including network security, secure connectivity, and artificial intelligence-driven security operations. The companys product portfolio is designed to address the convergence of networking and security, offering a unified approach to protect against cyber threats.

Key Performance Indicators (KPIs) for Fortinet include revenue growth, customer acquisition, and product innovation. With a strong presence in the cybersecurity market, Fortinet has established itself as a leader in the industry, serving large enterprises, communication service providers, government organizations, and small to medium-sized enterprises. The companys commitment to research and development is evident in its FortiGuard Lab, a cybersecurity threat intelligence and research organization.

From a financial perspective, Fortinets market capitalization stands at approximately $80.9 billion, with a forward P/E ratio of 41.32, indicating a relatively high valuation. However, the companys Return on Equity (RoE) of 161.56% suggests strong profitability. To further evaluate Fortinets stock performance, we can examine its support and resistance levels, which indicate potential price floors at $98.2, $93.3, $77.3, and $59.0.

To assess the stocks potential for future growth, we can analyze its technical indicators, such as the Simple Moving Averages (SMA). With the SMA20 and SMA50 indicating a stable trend, and the SMA200 at $96.89, the overall trend appears bullish. Additionally, the Average True Range (ATR) of 2.69 (2.57%) suggests moderate volatility.