Is Fortinet (FTNT) Offering Value After Recent Share Price Weakness And DCF Upside Estimate
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If you are wondering whether Fortinet’s current share price offers good value or not, it helps to step back and separate the security story from what you are actually paying for the stock.
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Fortinet closed at US$80.02, with returns of 0.8% over 7 days, a 4.2% decline over 30 days, a 2.7% gain year to date, and a 16.7% decline over 1 year. This gives you a mix of recent weakness and longer term gains of 64.0% over 3 years and 170.5% over 5 years.
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Recent attention around large cybersecurity vendors, ongoing customer demand for network security products, and sector wide discussions on spending priorities have all helped keep Fortinet on many investors’ watchlists. These themes provide helpful context when you look at a share price…
