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Fortinet, Inc. (FTNT) provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 
It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration.
The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products.
It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services.
On May 4th, FTNT reported 1st Quarter March 2022 earnings of $1.13 per share on revenue of $954.8 million. The consensus earnings estimate was $0.79 per share on revenue of $883.5 million. Revenue grew 34.4% on a year-over-year basis. The Company reports August 3rd. Shares are heading higher in an upward trading channel. Higher share prices are expected.
Entry Point: $61.00
Stop Loss: $57.00
Trading Range: $48.726 to $74.35
Target Price: $67.10
