Fortinet Stock Price History
| FTNT Stock | USD 63.69 0.29 0.46% |
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 63.69, as last reported on the 23rd of April, with the highest price reaching 64.23 and the lowest price hitting 62.61 during the day.
If you're considering investing in Fortinet Stock, it is important to understand the factors that can impact its price. Fortinet secures Sharpe Ratio (or Efficiency) of -0.0216, which denotes the company had a -0.0216% return per unit of risk over the last 3 months. Fortinet exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortinet's Downside Deviation of 1.89, mean deviation of 1.57, and Coefficient Of Variation of 2262.48 to check the risk estimate we provide.
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 1.15 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.
IPO Date 18th of November 2009 | 200 Day MA 62.8651 | 50 Day MA 68.5316 | Beta 1.07 |
Fortinet |
Sharpe Ratio = -0.0216
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FTNT |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Fortinet is not performing at its full potential. However, 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 Fortinet to a well-diversified portfolio.
Price Book 699.2019 | Enterprise Value Ebitda 33.566 | Price Sales 9.558 | Shares Float 641 M | Wall Street Target Price 75.47 |
Fortinet Stock Price History Chart
There are several ways to analyze Fortinet Stock price data. The simplest method is using a basic Fortinet candlestick price chart, which shows Fortinet price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
| Highest Price | March 7, 2024 | 73.07 |
| Lowest Price | April 19, 2024 | 63.4 |
Fortinet April 23, 2024 Stock Price Synopsis
Various analyses of Fortinet's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Fortinet Stock. It can be used to describe the percentage change in the price of Fortinet from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Fortinet Stock.| Fortinet Price Daily Balance Of Power | 0.18 | |
| Fortinet Price Rate Of Daily Change | 1.00 | |
| Fortinet Price Action Indicator | 0.41 | |
| Fortinet Accumulation Distribution | 91,538 |
Fortinet April 23, 2024 Stock Price Analysis
Fortinet Stock Price History Data
The price series of Fortinet for the period between Wed, Jan 24, 2024 and Tue, Apr 23, 2024 has a statistical range of 12.45 with a coefficient of variation of 3.94. Under current investment horizon, the daily prices are spread out with arithmetic mean of 67.7. The median price for the last 90 days is 67.91. The company completed 5:1 stock split on 23rd of June 2022.| Open | High | Low | Close | Volume | ||
| 04/22/2024 | 63.97 | 64.23 | 62.61 | 63.69 | 3,629,295 | |
| 04/19/2024 | 63.79 | 64.41 | 62.92 | 63.40 | 4,836,129 | |
| 04/18/2024 | 64.77 | 65.01 | 63.53 | 64.03 | 3,086,264 | |
| 04/17/2024 | 64.89 | 65.55 | 64.50 | 64.66 | 3,278,443 | |
| 04/16/2024 | 64.62 | 65.57 | 64.26 | 64.48 | 3,015,019 | |
| 04/15/2024 | 67.08 | 67.19 | 64.58 | 64.73 | 4,910,338 | |
| 04/12/2024 | 67.47 | 67.72 | 65.93 | 66.45 | 5,134,517 | |
| 04/11/2024 | 68.61 | 68.86 | 67.44 | 68.22 | 2,917,974 | |
| 04/10/2024 | 67.08 | 68.50 | 67.08 | 68.13 | 3,641,292 | |
| 04/09/2024 | 69.14 | 69.14 | 67.80 | 68.22 | 2,799,496 | |
| 04/08/2024 | 70.04 | 70.24 | 68.23 | 68.39 | 5,099,133 | |
| 04/05/2024 | 69.75 | 71.83 | 69.34 | 70.91 | 7,475,262 | |
| 04/04/2024 | 72.03 | 73.63 | 69.21 | 69.23 | 6,959,112 | |
| 04/03/2024 | 68.61 | 72.02 | 68.58 | 71.32 | 7,868,905 | |
| 04/02/2024 | 66.97 | 68.93 | 66.60 | 68.85 | 4,711,428 | |
| 04/01/2024 | 68.73 | 68.73 | 66.73 | 67.82 | 3,003,275 | |
| 03/28/2024 | 67.21 | 68.60 | 67.00 | 68.31 | 3,921,949 | |
| 03/27/2024 | 68.29 | 68.32 | 66.19 | 67.27 | 3,534,963 | |
| 03/26/2024 | 67.96 | 68.17 | 67.04 | 67.45 | 3,312,262 | |
| 03/25/2024 | 67.85 | 68.41 | 67.61 | 67.89 | 3,296,046 | |
| 03/22/2024 | 68.92 | 68.93 | 67.53 | 68.30 | 2,832,796 | |
| 03/21/2024 | 68.58 | 68.72 | 67.75 | 68.57 | 3,716,124 | |
| 03/20/2024 | 67.79 | 68.06 | 67.02 | 67.87 | 4,228,757 | |
| 03/19/2024 | 67.13 | 67.88 | 66.45 | 67.79 | 3,058,454 | |
| 03/18/2024 | 66.99 | 68.18 | 66.81 | 67.55 | 3,908,258 | |
| 03/15/2024 | 67.72 | 67.97 | 66.51 | 66.72 | 10,117,676 | |
| 03/14/2024 | 69.29 | 69.75 | 67.62 | 68.04 | 6,498,795 | |
| 03/13/2024 | 71.59 | 71.59 | 70.00 | 70.18 | 4,078,372 | |
| 03/12/2024 | 71.68 | 71.95 | 70.74 | 71.34 | 3,857,687 | |
| 03/11/2024 | 70.93 | 71.80 | 69.91 | 71.46 | 3,139,262 | |
| 03/08/2024 | 73.26 | 73.50 | 71.09 | 71.35 | 5,277,861 | |
| 03/07/2024 | 71.95 | 73.33 | 71.19 | 73.07 | 6,314,012 | |
| 03/06/2024 | 70.97 | 71.73 | 69.11 | 71.32 | 6,833,715 | |
| 03/05/2024 | 71.07 | 71.07 | 67.31 | 69.04 | 6,836,104 | |
| 03/04/2024 | 70.69 | 71.69 | 70.50 | 71.39 | 4,277,706 | |
| 03/01/2024 | 69.09 | 70.49 | 68.57 | 70.44 | 4,839,935 | |
| 02/29/2024 | 70.05 | 70.15 | 68.15 | 69.11 | 5,780,639 | |
| 02/28/2024 | 69.95 | 70.05 | 68.78 | 69.51 | 2,744,322 | |
| 02/27/2024 | 69.32 | 70.28 | 68.87 | 69.95 | 4,990,984 | |
| 02/26/2024 | 68.00 | 69.48 | 67.77 | 68.40 | 5,204,886 | |
| 02/23/2024 | 67.50 | 67.89 | 67.19 | 67.64 | 3,772,767 | |
| 02/22/2024 | 66.95 | 67.23 | 65.77 | 66.96 | 7,627,009 | |
| 02/21/2024 | 62.03 | 65.52 | 61.00 | 65.34 | 12,818,770 | |
| 02/20/2024 | 68.16 | 68.36 | 66.76 | 67.91 | 3,271,365 | |
| 02/16/2024 | 70.08 | 70.08 | 67.90 | 68.48 | 4,528,383 | |
| 02/15/2024 | 71.45 | 71.49 | 70.04 | 70.26 | 3,185,842 | |
| 02/14/2024 | 70.08 | 70.94 | 69.93 | 70.88 | 3,701,658 | |
| 02/13/2024 | 68.52 | 69.56 | 68.25 | 69.40 | 5,426,923 | |
| 02/12/2024 | 70.66 | 71.09 | 70.13 | 70.26 | 4,790,001 | |
| 02/09/2024 | 68.25 | 70.86 | 68.20 | 70.44 | 7,521,945 | |
| 02/08/2024 | 69.79 | 70.64 | 67.76 | 67.85 | 8,369,630 | |
| 02/07/2024 | 73.83 | 73.91 | 67.22 | 70.03 | 25,544,844 | |
| 02/06/2024 | 66.50 | 67.56 | 65.89 | 67.48 | 13,266,404 | |
| 02/05/2024 | 66.41 | 66.44 | 64.86 | 66.09 | 9,136,448 | |
| 02/02/2024 | 66.34 | 66.99 | 65.90 | 66.44 | 8,319,564 | |
| 02/01/2024 | 64.71 | 66.69 | 64.59 | 66.45 | 9,621,688 | |
| 01/31/2024 | 64.87 | 65.28 | 63.59 | 64.49 | 9,667,662 | |
| 01/30/2024 | 66.19 | 66.92 | 65.80 | 66.71 | 5,829,977 | |
| 01/29/2024 | 65.81 | 66.64 | 65.66 | 66.45 | 4,443,140 | |
| 01/26/2024 | 65.46 | 66.77 | 65.35 | 66.12 | 6,518,616 | |
| 01/25/2024 | 67.27 | 67.36 | 65.02 | 65.55 | 6,794,666 |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 788.2 M | 858.4 M | |
| Net Income Applicable To Common Shares | 985.9 M | 1 B |
Fortinet Quarterly Net Working Capital |
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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.
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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.
| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.0491 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.