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home / news releases / fortinet slow growth continues to impact

FTNT - Fortinet: Slow Growth Continues To Impact

Fortinet Inc.

2024-06-06 14:16:17 ET

Summary

  • Fortinet declining sales in firewall products may continue to drag results into 2025.
  • Consensus estimates point to a 50% reduction vs past growth through 2026.
  • Competition in cloud SASE service or execution risk may further impact recovery.
  • Valuation on YE24 estimates at 21x or 1.7x PEG may not be a sufficient discount for lower multi-year growth.

Introduction

For further details see:

Fortinet: Slow Growth Continues To Impact
Stock Information
Company Name: Fortinet Inc.
Stock Symbol: FTNT
Market: NASDAQ
Website: fortinet.com
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