- Fortinet's free cash flow margin is higher than 90% of the companies belonging to the S&P 500.
- Cybersecurity industry is expected to grow at a 13.4% CAGR, from the current $155.83 billion to $376.32 billion in 2029.
- There has not been a single year where Fortinet's free cash flow has not grown (unlike its competitors), and it is likely that it can continue to outperform competitors' growth.
- The only real weakness of this company I believe is its current price per share. As attractive as this company may be in many aspects, I believe it is slightly overvalued.
For further details see:
Fortinet: No Debt And Excellent Free Cash Flow