Fortinet Future Growth
Future criteria checks 3/6
Fortinet is forecast to grow earnings and revenue by 12.9% and 12.1% per annum respectively. EPS is expected to grow by 11.2% per annum. Return on equity is forecast to be 66.3% in 3 years.
Key information
12.9%
Earnings growth rate
11.2%
EPS growth rate
| Software earnings growth | 15.6% |
| Revenue growth rate | 12.1% |
| Future return on equity | 66.3% |
| Analyst coverage | Good |
| Last updated | 18 May 2024 |
Recent future growth updates
Earnings Beat: Fortinet, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 09
Fortinet, Inc. (NASDAQ:FTNT) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 08Recent updates
Fortinet: Growth And Cash Flow Headwinds
May 31Earnings Beat: Fortinet, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 09Fortinet: Market Overreaction Seems Unwarranted
May 08Why The 35% Return On Capital At Fortinet (NASDAQ:FTNT) Should Have Your Attention
Apr 29Fortinet Q1 Earnings Preview: It's All About SASE
Apr 26Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 32%?
Apr 13Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Mar 28Fortinet: Soft Demand Creating Elevated Stock Risk
Mar 25Fortinet: Adapting To New Dynamics Of Cybersecurity Industry
Mar 12At US$66.96, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Feb 23Fortinet: Excellent Business To Surf The Secular Trend, But Valuations Remain Enriched
Feb 13Fortinet, Inc. (NASDAQ:FTNT) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 08Fortinet: Don't Wait Until This Cybersecurity Leader Regains Its All-Time Highs
Feb 03There's Reason For Concern Over Fortinet, Inc.'s (NASDAQ:FTNT) Price
Jan 21Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 34% Above Its Share Price
Jan 08The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Dec 25Is Now The Time To Put Fortinet (NASDAQ:FTNT) On Your Watchlist?
Dec 11Is Fortinet (NASDAQ:FTNT) A Risky Investment?
Nov 13When Should You Buy Fortinet, Inc. (NASDAQ:FTNT)?
Oct 16An Intrinsic Calculation For Fortinet, Inc. (NASDAQ:FTNT) Suggests It's 39% Undervalued
Oct 02The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Sep 17Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Aug 27Fortinet (NASDAQ:FTNT) Has A Rock Solid Balance Sheet
Aug 13At US$78.92, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jul 16Calculating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)
Jul 02We Think Fortinet (NASDAQ:FTNT) Might Have The DNA Of A Multi-Bagger
Jun 18Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
May 22Fortinet (NASDAQ:FTNT) Seems To Use Debt Rather Sparingly
May 08What Is Fortinet, Inc.'s (NASDAQ:FTNT) Share Price Doing?
Apr 06Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 25% Below Their Intrinsic Value Estimate
Mar 22The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Mar 07Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
Feb 05At US$48.52, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jan 04Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 20Fortinet (NASDAQ:FTNT) Could Become A Multi-Bagger
Dec 05Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Oct 22Fortinet: Fairly Valued, Profitable And Growing Rapidly
Oct 04Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?
Sep 22Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)
Sep 04Fortinet: Still A Bit Frothy After 30% Haircut
Sep 01Fortinet, NEC to develop secure 5G networks for CSPs
Aug 23Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 17Fortinet: Evaluating The Prospects Amid Steepening Valuation
Aug 01Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Jul 20Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 7,501 | 1,525 | 2,347 | 2,677 | 16 |
| 12/31/2025 | 6,565 | 1,342 | 2,027 | 2,319 | 41 |
| 12/31/2024 | 5,800 | 1,190 | 1,754 | 2,118 | 41 |
| 3/31/2024 | 5,396 | 1,199 | 1,693 | 2,088 | N/A |
| 12/31/2023 | 5,305 | 1,148 | 1,731 | 1,936 | N/A |
| 9/30/2023 | 5,173 | 1,151 | 2,064 | 2,272 | N/A |
| 6/30/2023 | 4,988 | 1,059 | 1,978 | 2,204 | N/A |
| 3/31/2023 | 4,725 | 967 | 1,823 | 2,012 | N/A |
| 12/31/2022 | 4,417 | 857 | 1,449 | 1,731 | N/A |
| 9/30/2022 | 4,098 | 743 | 1,168 | 1,569 | N/A |
| 6/30/2022 | 3,816 | 674 | 1,102 | 1,485 | N/A |
| 3/31/2022 | 3,587 | 638 | 1,214 | 1,580 | N/A |
| 12/31/2021 | 3,342 | 607 | 1,204 | 1,500 | N/A |
| 9/30/2021 | 3,127 | 555 | 1,253 | 1,429 | N/A |
| 6/30/2021 | 2,911 | 515 | 1,108 | 1,251 | N/A |
| 3/31/2021 | 2,727 | 491 | 930 | 1,080 | N/A |
| 12/31/2020 | 2,594 | 489 | 958 | 1,084 | N/A |
| 9/30/2020 | 2,465 | 460 | 837 | 978 | N/A |
| 6/30/2020 | 2,362 | 417 | 855 | 978 | N/A |
| 3/31/2020 | 2,268 | 378 | 817 | 926 | N/A |
| 12/31/2019 | 2,163 | 332 | 716 | 808 | N/A |
| 9/30/2019 | 2,052 | 396 | 741 | 798 | N/A |
| 6/30/2019 | 1,958 | 375 | 696 | 753 | N/A |
| 3/31/2019 | 1,875 | 349 | 649 | 701 | N/A |
| 12/31/2018 | 1,805 | 335 | 586 | 639 | N/A |
| 9/30/2018 | 1,711 | 121 | 561 | 616 | N/A |
| 6/30/2018 | 1,631 | 89 | 543 | 602 | N/A |
| 3/31/2018 | 1,553 | 62 | 471 | 604 | N/A |
| 12/31/2017 | 1,495 | 31 | N/A | 594 | N/A |
| 9/30/2017 | 1,441 | 86 | N/A | 538 | N/A |
| 6/30/2017 | 1,383 | 65 | N/A | 452 | N/A |
| 3/31/2017 | 1,331 | 41 | N/A | 375 | N/A |
| 12/31/2016 | 1,275 | 32 | N/A | 346 | N/A |
| 9/30/2016 | 1,209 | 4 | N/A | 313 | N/A |
| 6/30/2016 | 1,153 | 6 | N/A | 302 | N/A |
| 3/31/2016 | 1,081 | 9 | N/A | 319 | N/A |
| 12/31/2015 | 1,009 | 8 | N/A | 283 | N/A |
| 9/30/2015 | 937 | 17 | N/A | 249 | N/A |
| 6/30/2015 | 870 | 13 | N/A | 241 | N/A |
| 3/31/2015 | 814 | 19 | N/A | 200 | N/A |
| 12/31/2014 | 770 | 25 | N/A | 197 | N/A |
| 9/30/2014 | 724 | 31 | N/A | 208 | N/A |
| 6/30/2014 | 685 | 38 | N/A | 177 | N/A |
| 3/31/2014 | 648 | 40 | N/A | 170 | N/A |
| 12/31/2013 | 615 | 44 | N/A | 147 | N/A |
| 9/30/2013 | 589 | 54 | N/A | 151 | N/A |
| 6/30/2013 | 571 | 60 | N/A | 166 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTNT's forecast earnings growth (12.9% per year) is above the savings rate (2.4%).
Earnings vs Market: FTNT's earnings (12.9% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: FTNT's earnings are forecast to grow, but not significantly.
Revenue vs Market: FTNT's revenue (12.1% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: FTNT's revenue (12.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FTNT's Return on Equity is forecast to be very high in 3 years time (66.3%).