Fortinet reported third-quarter results that included sales growth of 20% to $2.1 billion and adjusted operating margins expanding 130 basis points to 38.2%. The firm's billings grew 29%, with security operations and SASE, its nascent segments, contributing 34% of total billings.
Fortinet has strong secular tailwinds as endpoint security, cloud security, and the convergence of networking and security are projected to grow rapidly.
Large public cloud vendors often offer their own cybersecurity solutions, which could hamper Fortinet’s growth opportunities.
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Metric
|
FTNT
|
PANW
|
CRWD
|
|---|---|---|---|
Price/Earnings (Normalized) | 37.73 | 91.44 | 221.43 |
Price/Book Value | 41.89 | 10.38 | 49.10 |
Price/Sales | 12.08 | 23.31 | 46.38 |
Price/Cash Flow | 31.05 | 67.33 | 122.02 |
|
Metric
|
FTNT
|
PANW
|
CRWD
|
|---|---|---|---|
Quick Ratio | 1.23 | 0.73 | 1.37 |
Current Ratio | 1.40 | 0.87 | 1.57 |
Interest Coverage | 179.48 | — | −2.96 |
|
Metric
|
FTNT
|
PANW
|
CRWD
|
|---|---|---|---|
Return on Assets (Normalized) | 24.14% | 8.79% | 10.64% |
Return on Equity (Normalized) | 187.26% | 18.08% | 26.00% |
Return on Invested Capital (Normalized) | 118.53% | 15.20% | 19.53% |
|
1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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MSFT
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PLTR
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ORCL
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PANW
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CRWD
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NET
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SNPS
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XYZ
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ZS
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United States