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Fortinet (FTNT) IPO priced at $12.50. Comparative valuations updated to IPO price & Tues close

|Includes: CKP, CSCO, Fortinet, Inc. (FTNT), JNPR, MFE, SYMC

FTNT is the market leader in Unified Threat Management security market segment.  The closest publicly held comparable is Sonic Wall (SNWL)

At the IPO price of $12.50 FTNT’s P/E is a little under SNWL while it’s Enterprise Value/Earnings ratio is a little over SNWL’s. 

FTNT is priced at a premium regarding book value multiples.  See ‘financials’ at the bottom of the IPO report.

Includes ENTERPRISE VALUE metrics compared to SNWL

See ‘financials’ at the bottom of the IPO Report