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Fortinet Inc. buy tbackenh

Start price
€45.58
05.01.23 / 80%
Target price
€60.00
05.01.24
Performance (%)
42.38%
End price
€64.89
20.05.23
Summary
This prediction ended on 20.05.23 with a price of €64.89. With a performance of 42.38% the BUY prediction by tbackenh was a big success. tbackenh has 80% into this prediction

Fortinet (Symbol: FTNT) is a multinational cybersecurity company, headquartered in Sunnyvale, California, renowned for its cutting-edge solutions that help protect organizations of varied sizes from cyber threats. The company is a pioneer in the development of innovative products like firewalls, endpoint security software, antivirus solutions, as well as a comprehensive range of unified threat management (UTM) solutions. With its market capitalization standing at approximately $44 billion, Fortinet is committed to maintaining high standards of protection, seizing a sizable market share in the cybersecurity sector as businesses across the globe continue to rely on their top-notch services and technologies to shield against emerging and evolving threats.

Performance without dividends (%)
Name 1w 1m 1y
Fortinet Inc. 2.713% 2.713% -14.007%
iShares Core DAX® -2.926% -4.228% 9.878%
iShares Nasdaq 100 4.462% 8.605% 33.063%
iShares Nikkei 225® 0.306% 0.284% 3.871%
iShares S&P 500 2.488% 4.773% 27.189%

According to tbackenh what are the pros and cons of Fortinet Inc. for the foreseeable future?

Pros
Could be very worthwhile Investment >20% year
Fair valuation
Revenue growth >5% per year expected
Some uniques
Cons

Comments by tbackenh for this prediction

In the thread Fortinet Inc. diskutieren
Prediction Buy
Perf. (%) 42.38%
Target price 60.000
Change
Ends at 05.01.24

Buy mit Kursziel 60,0

In the thread Trading Fortinet Inc.
Prediction Buy
Perf. (%) 42.38%
Target price 60.000
Change
Ends at 05.01.24

Buy beendet