Fortinet traded at $128.25 this Wednesday May 27th, decreasing $5.71 or 4.26 percent since the previous trading session. Looking back, over the last four weeks, Fortinet lost 49.62 percent. Over the last 12 months, its price rose by 22.72 percent. Looking ahead, we forecast Fortinet to be priced at 131.21 by the end of this quarter and at 123.38 in one year, according to Trading Economics global macro models projections and analysts expectations.
Fortinet, Inc. offers cyber security solutions. The Company provides cyber security solutions to a variety of organizations, including enterprises, communication service providers, government organizations and small businesses. Its network security appliances are managed by its FortiOS network operating system. Its Cloud Security portfolio also includes securing applications, including email and Web. Its cloud security offerings are available for deployment in public and private cloud environments, including Amazon Web Services, Microsoft Azure, Google Cloud, Oracle Cloud, Alibaba Cloud, IBM Cloud and VMWare Cloud. It also offers managed intrusion prevention system (IPS) and Web application firewall (WAF) rules delivered by FortiGuard Labs as an overlay service to native security offerings offered by Amazon Web Services. Its public and private cloud security solutions, including virtual appliances and hosted solutions, cover the capabilities of the Fortinet Security Fabric platform.