Intrinsic value of Fortinet, Inc. - FTNT

Previous Close

$80.66

  Intrinsic Value

$145.63

stock screener

  Rating & Target

str. buy

+81%

Previous close

$80.66

 
Intrinsic value

$145.63

 
Up/down potential

+81%

 
Rating

str. buy

We calculate the intrinsic value of FTNT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 13.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  21.70
  20.03
  18.53
  17.17
  15.96
  14.86
  13.88
  12.99
  12.19
  11.47
  10.82
  10.24
  9.72
  9.24
  8.82
  8.44
  8.09
  7.79
  7.51
  7.26
  7.03
  6.83
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
  5.79
Revenue, $m
  2,192
  2,631
  3,118
  3,654
  4,237
  4,866
  5,542
  6,261
  7,025
  7,830
  8,678
  9,566
  10,496
  11,466
  12,478
  13,531
  14,626
  15,765
  16,948
  18,178
  19,456
  20,784
  22,165
  23,601
  25,096
  26,651
  28,271
  29,960
  31,719
  33,555
Variable operating expenses, $m
  1,320
  1,579
  1,867
  2,183
  2,527
  2,898
  3,296
  3,721
  4,171
  4,647
  5,119
  5,644
  6,192
  6,765
  7,361
  7,982
  8,629
  9,300
  9,998
  10,724
  11,478
  12,261
  13,076
  13,924
  14,805
  15,723
  16,679
  17,675
  18,713
  19,796
Fixed operating expenses, $m
  503
  514
  525
  537
  549
  561
  573
  586
  598
  612
  625
  639
  653
  667
  682
  697
  712
  728
  744
  760
  777
  794
  812
  829
  848
  866
  885
  905
  925
  945
Total operating expenses, $m
  1,823
  2,093
  2,392
  2,720
  3,076
  3,459
  3,869
  4,307
  4,769
  5,259
  5,744
  6,283
  6,845
  7,432
  8,043
  8,679
  9,341
  10,028
  10,742
  11,484
  12,255
  13,055
  13,888
  14,753
  15,653
  16,589
  17,564
  18,580
  19,638
  20,741
Operating income, $m
  369
  538
  726
  934
  1,162
  1,408
  1,672
  1,955
  2,255
  2,572
  2,933
  3,284
  3,651
  4,035
  4,435
  4,851
  5,285
  5,736
  6,206
  6,693
  7,201
  7,728
  8,277
  8,848
  9,443
  10,062
  10,707
  11,380
  12,082
  12,814
EBITDA, $m
  458
  640
  842
  1,065
  1,309
  1,573
  1,857
  2,160
  2,481
  2,821
  3,179
  3,555
  3,949
  4,360
  4,788
  5,235
  5,700
  6,183
  6,686
  7,209
  7,753
  8,318
  8,906
  9,518
  10,154
  10,818
  11,509
  12,230
  12,981
  13,766
Interest expense (income), $m
  0
  0
  24
  51
  82
  115
  151
  190
  232
  276
  324
  374
  426
  481
  539
  599
  662
  727
  795
  865
  939
  1,015
  1,094
  1,176
  1,262
  1,351
  1,443
  1,540
  1,640
  1,745
  1,854
Earnings before tax, $m
  369
  514
  675
  853
  1,047
  1,257
  1,482
  1,723
  1,979
  2,248
  2,560
  2,858
  3,170
  3,496
  3,836
  4,190
  4,558
  4,942
  5,340
  5,755
  6,186
  6,634
  7,101
  7,586
  8,092
  8,618
  9,167
  9,740
  10,337
  10,960
Tax expense, $m
  100
  139
  182
  230
  283
  339
  400
  465
  534
  607
  691
  772
  856
  944
  1,036
  1,131
  1,231
  1,334
  1,442
  1,554
  1,670
  1,791
  1,917
  2,048
  2,185
  2,327
  2,475
  2,630
  2,791
  2,959
Net income, $m
  269
  375
  493
  623
  764
  918
  1,082
  1,258
  1,444
  1,641
  1,869
  2,086
  2,314
  2,552
  2,800
  3,059
  3,328
  3,607
  3,898
  4,201
  4,516
  4,843
  5,184
  5,538
  5,907
  6,291
  6,692
  7,110
  7,546
  8,001

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,266
  3,921
  4,647
  5,445
  6,314
  7,253
  8,259
  9,331
  10,469
  11,670
  12,933
  14,257
  15,642
  17,088
  18,596
  20,165
  21,797
  23,494
  25,258
  27,090
  28,995
  30,974
  33,033
  35,173
  37,400
  39,719
  42,133
  44,649
  47,272
  50,007
Adjusted assets (=assets-cash), $m
  3,266
  3,921
  4,647
  5,445
  6,314
  7,253
  8,259
  9,331
  10,469
  11,670
  12,933
  14,257
  15,642
  17,088
  18,596
  20,165
  21,797
  23,494
  25,258
  27,090
  28,995
  30,974
  33,033
  35,173
  37,400
  39,719
  42,133
  44,649
  47,272
  50,007
Revenue / Adjusted assets
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
  0.671
Average production assets, $m
  342
  410
  486
  570
  661
  759
  865
  977
  1,096
  1,222
  1,354
  1,492
  1,637
  1,789
  1,947
  2,111
  2,282
  2,459
  2,644
  2,836
  3,035
  3,242
  3,458
  3,682
  3,915
  4,158
  4,410
  4,674
  4,948
  5,235
Working capital, $m
  -833
  -1,000
  -1,185
  -1,388
  -1,610
  -1,849
  -2,106
  -2,379
  -2,669
  -2,976
  -3,298
  -3,635
  -3,988
  -4,357
  -4,742
  -5,142
  -5,558
  -5,991
  -6,440
  -6,907
  -7,393
  -7,898
  -8,423
  -8,968
  -9,536
  -10,127
  -10,743
  -11,385
  -12,053
  -12,751
Total debt, $m
  447
  951
  1,511
  2,125
  2,794
  3,517
  4,292
  5,117
  5,993
  6,918
  7,890
  8,910
  9,977
  11,090
  12,251
  13,459
  14,716
  16,023
  17,381
  18,792
  20,258
  21,783
  23,367
  25,016
  26,730
  28,516
  30,375
  32,312
  34,331
  36,438
Total liabilities, $m
  2,515
  3,019
  3,578
  4,193
  4,862
  5,584
  6,359
  7,185
  8,061
  8,986
  9,958
  10,978
  12,045
  13,158
  14,319
  15,527
  16,784
  18,090
  19,448
  20,860
  22,326
  23,850
  25,435
  27,083
  28,798
  30,583
  32,443
  34,380
  36,399
  38,505
Total equity, $m
  751
  902
  1,069
  1,252
  1,452
  1,668
  1,900
  2,146
  2,408
  2,684
  2,975
  3,279
  3,598
  3,930
  4,277
  4,638
  5,013
  5,404
  5,809
  6,231
  6,669
  7,124
  7,597
  8,090
  8,602
  9,135
  9,691
  10,269
  10,872
  11,502
Total liabilities and equity, $m
  3,266
  3,921
  4,647
  5,445
  6,314
  7,252
  8,259
  9,331
  10,469
  11,670
  12,933
  14,257
  15,643
  17,088
  18,596
  20,165
  21,797
  23,494
  25,257
  27,091
  28,995
  30,974
  33,032
  35,173
  37,400
  39,718
  42,134
  44,649
  47,271
  50,007
Debt-to-equity ratio
  0.600
  1.050
  1.410
  1.700
  1.920
  2.110
  2.260
  2.380
  2.490
  2.580
  2.650
  2.720
  2.770
  2.820
  2.860
  2.900
  2.940
  2.970
  2.990
  3.020
  3.040
  3.060
  3.080
  3.090
  3.110
  3.120
  3.130
  3.150
  3.160
  3.170
Adjusted equity ratio
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230
  0.230

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  269
  375
  493
  623
  764
  918
  1,082
  1,258
  1,444
  1,641
  1,869
  2,086
  2,314
  2,552
  2,800
  3,059
  3,328
  3,607
  3,898
  4,201
  4,516
  4,843
  5,184
  5,538
  5,907
  6,291
  6,692
  7,110
  7,546
  8,001
Depreciation, amort., depletion, $m
  89
  102
  116
  131
  147
  165
  184
  205
  226
  249
  246
  271
  298
  325
  354
  384
  415
  447
  481
  516
  552
  590
  629
  669
  712
  756
  802
  850
  900
  952
Funds from operations, $m
  359
  477
  608
  753
  912
  1,083
  1,266
  1,463
  1,671
  1,891
  2,115
  2,358
  2,612
  2,877
  3,154
  3,442
  3,742
  4,055
  4,379
  4,717
  5,068
  5,433
  5,812
  6,207
  6,619
  7,047
  7,494
  7,960
  8,446
  8,953
Change in working capital, $m
  -149
  -167
  -185
  -204
  -222
  -239
  -257
  -273
  -290
  -306
  -322
  -338
  -353
  -369
  -384
  -400
  -416
  -433
  -450
  -467
  -486
  -505
  -525
  -546
  -568
  -591
  -616
  -641
  -669
  -697
Cash from operations, $m
  507
  643
  793
  957
  1,133
  1,322
  1,523
  1,736
  1,961
  2,197
  2,437
  2,695
  2,965
  3,246
  3,538
  3,842
  4,159
  4,487
  4,829
  5,184
  5,553
  5,937
  6,337
  6,753
  7,187
  7,639
  8,110
  8,601
  9,114
  9,650
Maintenance CAPEX, $m
  -51
  -62
  -75
  -88
  -104
  -120
  -138
  -157
  -178
  -199
  -222
  -246
  -271
  -298
  -325
  -354
  -384
  -415
  -447
  -481
  -516
  -552
  -590
  -629
  -669
  -712
  -756
  -802
  -850
  -900
New CAPEX, $m
  -61
  -68
  -76
  -84
  -91
  -98
  -105
  -112
  -119
  -126
  -132
  -139
  -145
  -151
  -158
  -164
  -171
  -178
  -185
  -192
  -199
  -207
  -215
  -224
  -233
  -243
  -253
  -263
  -275
  -286
Cash from investing activities, $m
  -112
  -130
  -151
  -172
  -195
  -218
  -243
  -269
  -297
  -325
  -354
  -385
  -416
  -449
  -483
  -518
  -555
  -593
  -632
  -673
  -715
  -759
  -805
  -853
  -902
  -955
  -1,009
  -1,065
  -1,125
  -1,186
Free cash flow, $m
  395
  513
  643
  785
  938
  1,104
  1,280
  1,467
  1,664
  1,872
  2,082
  2,310
  2,549
  2,797
  3,055
  3,324
  3,604
  3,895
  4,197
  4,511
  4,838
  5,178
  5,532
  5,900
  6,284
  6,684
  7,101
  7,536
  7,990
  8,464
Issuance/(repayment) of debt, $m
  447
  504
  559
  615
  669
  723
  775
  826
  876
  925
  973
  1,020
  1,067
  1,114
  1,161
  1,208
  1,257
  1,307
  1,358
  1,411
  1,466
  1,524
  1,585
  1,648
  1,715
  1,785
  1,859
  1,937
  2,019
  2,106
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  447
  504
  559
  615
  669
  723
  775
  826
  876
  925
  973
  1,020
  1,067
  1,114
  1,161
  1,208
  1,257
  1,307
  1,358
  1,411
  1,466
  1,524
  1,585
  1,648
  1,715
  1,785
  1,859
  1,937
  2,019
  2,106
Total cash flow (excl. dividends), $m
  843
  1,017
  1,202
  1,399
  1,608
  1,826
  2,055
  2,292
  2,540
  2,796
  3,055
  3,330
  3,615
  3,910
  4,216
  4,532
  4,861
  5,201
  5,555
  5,923
  6,305
  6,703
  7,117
  7,549
  7,999
  8,469
  8,960
  9,473
  10,009
  10,570
Retained Cash Flow (-), $m
  -134
  -150
  -167
  -184
  -200
  -216
  -231
  -247
  -262
  -276
  -290
  -305
  -319
  -333
  -347
  -361
  -375
  -390
  -406
  -422
  -438
  -455
  -473
  -492
  -512
  -533
  -555
  -579
  -603
  -629
Prev. year cash balance distribution, $m
  393
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,101
  866
  1,035
  1,216
  1,408
  1,610
  1,823
  2,046
  2,278
  2,520
  2,764
  3,026
  3,297
  3,578
  3,869
  4,172
  4,485
  4,811
  5,149
  5,501
  5,867
  6,247
  6,643
  7,056
  7,487
  7,936
  8,405
  8,895
  9,406
  9,941
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,056
  793
  901
  1,001
  1,091
  1,169
  1,232
  1,279
  1,309
  1,321
  1,313
  1,291
  1,253
  1,201
  1,136
  1,060
  976
  886
  793
  699
  607
  518
  435
  359
  291
  232
  180
  138
  103
  75
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Fortinet, Inc. is a network security company. The Company provides cyber security solutions to a range of enterprises, service providers and government organizations across the world. Its network security solution consists of FortiGate physical, virtual machine and cloud platforms, which provide integrated security and networking functions to protect data, applications and users from network-and content-level security threats. The Company's product offerings consist of its FortiGate product family, along with its FortiManager central management and FortiAnalyzer central logging and reporting product families. Its cybersecurity platform includes a range of products, which include its FortiMail e-mail security, FortiSandbox advanced threat protection (ATP), FortiWeb Web application firewall, FortiDDos and FortiDB database security appliances, as well as its FortiClient endpoint security software, FortiAP secure wireless access points and FortiSwitch secure switch connectivity products.

FINANCIAL RATIOS  of  Fortinet, Inc. (FTNT)

Valuation Ratios
P/E Ratio 436.3
Price to Sales 10.9
Price to Book 16.7
Price to Tangible Book
Price to Cash Flow 40.3
Price to Free Cash Flow 50
Growth Rates
Sales Growth Rate 26.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 81.1%
Cap. Spend. - 3 Yr. Gr. Rate 36.8%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 1.6%
Ret/ On Assets - 3 Yr. Avg. 1.4%
Return On Total Capital 4%
Ret/ On T. Cap. - 3 Yr. Avg. 3%
Return On Equity 4%
Return On Equity - 3 Yr. Avg. 3%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 73.6%
Gross Margin - 3 Yr. Avg. 71.7%
EBITDA Margin 7.2%
EBITDA Margin - 3 Yr. Avg. 7.7%
Operating Margin 3.3%
Oper. Margin - 3 Yr. Avg. 4.1%
Pre-Tax Margin 3.4%
Pre-Tax Margin - 3 Yr. Avg. 4.4%
Net Profit Margin 2.5%
Net Profit Margin - 3 Yr. Avg. 2.2%
Effective Tax Rate 25.6%
Eff/ Tax Rate - 3 Yr. Avg. 46.1%
Payout Ratio 0%

FTNT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FTNT stock intrinsic value calculation we used $1801 million for the last fiscal year's total revenue generated by Fortinet, Inc.. The default revenue input number comes from 0001 income statement of Fortinet, Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FTNT stock valuation model: a) initial revenue growth rate of 21.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for FTNT is calculated based on our internal credit rating of Fortinet, Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Fortinet, Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FTNT stock the variable cost ratio is equal to 60.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $492 million in the base year in the intrinsic value calculation for FTNT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Fortinet, Inc..

Corporate tax rate of 27% is the nominal tax rate for Fortinet, Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FTNT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FTNT are equal to 15.6%.

Life of production assets of 5.5 years is the average useful life of capital assets used in Fortinet, Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FTNT is equal to -38%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1010.2 million for Fortinet, Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 170.670 million for Fortinet, Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Fortinet, Inc. at the current share price and the inputted number of shares is $13.8 billion.

RELATED COMPANIES Price Int.Val. Rating
JNPR Juniper Networ 23.92 36.56  buy
CSCO Cisco Systems, 46.96 50.72  hold
INTC Intel Corporat 46.50 96.89  str.buy
FFIV F5 Networks, I 128.74 135.40  hold
ATEN A10 Networks, 7.03 0.31  str.sell
HPE Hewlett Packar 12.80 37.37  str.buy
NTGR NETGEAR, Inc. 33.28 9.53  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.