Fortinet Stock Price on August 3, 2022

FTNT Stock  USD 67.27  0.18  0.27%   
Below is the normalized historical share price chart for Fortinet extending back to November 18, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Fortinet stands at 67.27, as last reported on the 28th of March, with the highest price reaching 68.32 and the lowest price hitting 66.19 during the day.
IPO Date
18th of November 2009
200 Day MA
63.2986
50 Day MA
67.7216
Beta
1.084
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Fortinet Stock, it is important to understand the factors that can impact its price. Fortinet appears to be very steady, given 3 months investment horizon. Fortinet secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fortinet, which you can use to evaluate the volatility of the firm. Please utilize Fortinet's Mean Deviation of 1.55, downside deviation of 1.82, and Coefficient Of Variation of 849.45 to check if our risk estimates are consistent with your expectations.
  
At this time, Fortinet's Common Stock Shares Outstanding is comparatively stable compared to the past year. Common Stock Total Equity is likely to gain to about 966 K in 2024, despite the fact that Sale Purchase Of Stock is likely to grow to (1.4 B). . At this time, Fortinet's Price Earnings Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 1.04 in 2024, despite the fact that Price To Book Ratio is likely to grow to (93.42). Fortinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1233

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Estimated Market Risk

 2.01
  actual daily
17
83% of assets are more volatile

Expected Return

 0.25
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average Fortinet is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortinet by adding it to a well-diversified portfolio.
Price Book
699.2019
Enterprise Value Ebitda
34.0805
Price Sales
9.7019
Shares Float
641 M
Wall Street Target Price
75.21

Fortinet Valuation on August 3, 2022

It is possible to determine the worth of Fortinet on a given historical date. On August 3, 2022 Fortinet was worth 61.19 at the beginning of the trading date compared to the closed value of 62.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortinet stock. Still, in general, we apply an absolute valuation method to find Fortinet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Fortinet where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortinet's related companies.
 Open High Low Close Volume
  59.55    61.03    59.40    60.37    4,032,500  
08/03/2022
  61.19    63.16    60.83    62.88    6,500,500  
  56.83    56.96    52.00    52.61    19,687,500  
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Open Value
61.19
62.88
Closing Value
67.23
Upside

Fortinet Trading Date Momentum on August 3, 2022

On August 04 2022 Fortinet was traded for  52.61  at the closing time. The top price for the day was 56.96  and the lowest listed price was  52.00 . The trading volume for the day was 19.7 M. The trading history from August 4, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 16.33% . The overall trading delta against the current closing price is 14.28% .

Fortinet Fundamentals Correlations and Trends

By evaluating Fortinet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortinet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fortinet Stock history

Fortinet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortinet will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortinet stock prices may prove useful in developing a viable investing in Fortinet
Last ReportedProjected for 2024
Common Stock Shares Outstanding788.2 M860.3 M
Net Income Applicable To Common Shares985.9 MB

Fortinet Quarterly Net Working Capital

709.3 Million

Fortinet Stock Technical Analysis

Fortinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fortinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortinet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fortinet Period Price Range

Low
August 3, 2022
High

 61.19 

  

 62.88 

1.692.76%

Fortinet March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns

Fortinet Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fortinet's price direction in advance. Along with the technical and fundamental analysis of Fortinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortinet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Fortinet Stock analysis

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.035
Earnings Share
1.46
Revenue Per Share
6.813
Quarterly Revenue Growth
0.103
Return On Assets
0.1146
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.