Fortinet Executive Xie Sells 25.9K Shares Under Pre-Planned Trading Plan

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According to Fortinet ($NASDAQ:FTNT), this sale was conducted under a pre-planned trading plan. The company offers a wide array of security solutions to protect businesses and government agencies from viruses, malware, and other cyber threats. Its products include firewalls, endpoint protection, and cloud security solutions to name a few. Fortinet’s stock is traded on the Nasdaq stock exchange under the ticker symbol FTNT.

Price History

On Tuesday, Fortinet‘s stock opened at $53.8 and closed at $55.0, up by 2.6% from prior closing price of 53.6. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fortinet. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fortinet. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fortinet. More…

Key Ratios Snapshot

Some of the financial key ratios for Fortinet are shown below. More…

Analysis

At GoodWhale, we’ve conducted an analysis of FORTINET‘s wellbeing. Our Star Chart classified FORTINET as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to their strong competitive advantage. Investors that may be interested in such a company are those looking for strong growth and profitability, as well as those that are willing to accept a smaller dividend payout. FORTINET scored an 8/10 on our health score, which indicates that they are in great shape when it comes to their cashflows and debt. This is indicative of their ability to sustain future operations, even in times of crisis. We believe that FORTINET is a great choice for investors looking for a company that has a strong competitive advantage and is capable of sustaining future operations. More…

Peers

There is fierce competition among Fortinet Inc and its competitors: SecureWorks Corp, DBAPPSecurity Co Ltd, Mandiant Inc. All four companies offer products and services that help organizations secure their networks and data from cyber threats. Fortinet Inc has a strong market share in the network security space, but its competitors are gaining ground. Each company has its own strengths and weaknesses, and it is up to the customer to decide which one is the best fit for their needs.

– SecureWorks Corp ($NASDAQ:SCWX)

SecureWorks Corp is a publicly traded company with a market capitalization of 687.41 million as of 2022. The company has a return on equity of -9.05%. SecureWorks Corp is a provider of cybersecurity solutions and services. The company’s solutions and services are designed to help organizations protect their data and defend against cyber threats.

– DBAPPSecurity Co Ltd ($SHSE:688023)

DBApps Security Co Ltd has a market cap of 13.74B as of 2022, a Return on Equity of -5.12%. DBApps Security Co Ltd is a provider of online security solutions. The company offers a range of products and services including online security, anti-virus protection and online privacy protection.

Summary

FORTINET, Inc. has seen a recent trading activity by CEO Xie selling 25.9K shares of the company under a trading plan. This activity signals an increase in investor interest and potential stock appreciation. Analysts have noted that FORTINET’s share price has seen an overall increase over the last few months, which could be due to its strong financials, solid fundamentals, and competitive advantages. Further, the company has recently announced a restructuring plan, as well as an expanded product lineup, which could lead to increased earnings and further appreciation in its stock price.

FORTINET is a leading provider of cyber security solutions, which positions the company well for the future. Investors should continue to monitor the company for any further developments that may impact the stock price.