Fortinet Net Worth
Fortinet Net Worth Breakdown | FTNT |
Fortinet Net Worth Analysis
Fortinet's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Fortinet's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Fortinet's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Fortinet's net worth analysis. One common approach is to calculate Fortinet's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Fortinet's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Fortinet's net worth. This approach calculates the present value of Fortinet's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Fortinet's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Fortinet's net worth. This involves comparing Fortinet's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Fortinet's net worth relative to its peers.
To determine if Fortinet is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Fortinet's net worth research are outlined below:
Fortinet is unlikely to experience financial distress in the next 2 years | |
About 70.0% of the company shares are owned by institutional investors | |
Latest headline from investorplace.com: Cybersecurity is Hot 3 Sizzling Stocks to Buy Now |
Fortinet uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Fortinet. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Fortinet's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
6th of February 2024 Upcoming Quarterly Report | View | |
2nd of May 2024 Next Financial Report | View | |
31st of December 2023 Next Fiscal Quarter End | View | |
6th of February 2024 Next Fiscal Year End | View | |
30th of September 2023 Last Quarter Report | View | |
31st of December 2022 Last Financial Announcement | View |
Fortinet Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Fortinet target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Fortinet's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
41 | Buy |
Most Fortinet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Fortinet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Fortinet, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationFortinet Target Price Projection
Fortinet's current and average target prices are 67.27 and 72.41, respectively. The current price of Fortinet is the price at which Fortinet is currently trading. On the other hand, Fortinet's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Fortinet Target Price
Know Fortinet's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Fortinet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Fortinet backward and forwards among themselves. Fortinet's institutional investor refers to the entity that pools money to purchase Fortinet's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Legal & General Group Plc | 2023-12-31 | 7 M | Northern Trust Corp | 2023-12-31 | 6.3 M | Arrowstreet Capital Limited Partnership | 2023-12-31 | 6 M | T. Rowe Price Investment Management,inc. | 2023-12-31 | 5.6 M | Ing Investment Management Llc | 2023-12-31 | 5.4 M | First Trust Advisors L.p. | 2023-12-31 | 5.3 M | Two Sigma Advisers, Llc | 2023-12-31 | 5.2 M | Ameriprise Financial Inc | 2023-12-31 | 5.1 M | Renaissance Technologies Corp | 2023-12-31 | 5.1 M | Vanguard Group Inc | 2023-12-31 | 67.3 M | Blackrock Inc | 2023-12-31 | 54.2 M |
Follow Fortinet's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 51.47 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortinet's market, we take the total number of its shares issued and multiply it by Fortinet's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Project Fortinet's profitablity
Fortinet's profitability indicators refer to fundamental financial ratios that showcase Fortinet's ability to generate income relative to its revenue or operating costs. If, let's say, Fortinet is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Fortinet's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Fortinet's profitability requires more research than a typical breakdown of Fortinet's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.35 | 0.37 | |
Return On Assets | 0.16 | 0.17 | |
Return On Equity | (2.48) | (2.35) |
When accessing Fortinet's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Fortinet's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Fortinet's profitability and make more informed investment decisions.
The data published in Fortinet's official financial statements usually reflect Fortinet's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Fortinet. For example, before you start analyzing numbers published by Fortinet accountants, it's critical to develop an understanding of what Fortinet's liquidity, profitability, and earnings quality are in the context of the Software space in which it operates.
Please note, the presentation of Fortinet's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Fortinet's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Fortinet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Fortinet. Please utilize our Beneish M Score to check the likelihood of Fortinet's management manipulating its earnings.
Evaluate Fortinet's management efficiency
Fortinet has return on total asset (ROA) of 0.1146 % which means that it generated a profit of $0.1146 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.7899 %, meaning that it created $0.7899 on every $100 dollars invested by stockholders. Fortinet's management efficiency ratios could be used to measure how well Fortinet manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Fortinet's Return On Capital Employed is comparatively stable compared to the past year. Return On Assets is likely to gain to 0.17 in 2024, despite the fact that Return On Equity is likely to grow to (2.35). At this time, Fortinet's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 7.6 B in 2024, whereas Non Current Liabilities Other is likely to drop slightly above 92.3 M in 2024.Last Reported | Projected for 2024 | ||
Price Book Value Ratio | (98.34) | (93.42) | |
Enterprise Value Multiple | 33.52 | 28.82 | |
Price Fair Value | (98.34) | (93.42) |
The analysis of Fortinet's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Fortinet's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Fortinet Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Enterprise Value Revenue 9.4318 | Revenue 5.3 B | Quarterly Revenue Growth 0.103 | Revenue Per Share 6.813 | Return On Equity 0.7899 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Fortinet insiders, such as employees or executives, is commonly permitted as long as it does not rely on Fortinet's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Fortinet insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Michael Xie over three months ago Exercise or conversion by Michael Xie of 300000 shares of Fortinet subject to Rule 16b-3 | ||
Michael Xie over three months ago Bona fide gift to Michael Xie of 50000 shares of Fortinet subject to Section 16 | ||
Michael Xie over three months ago Bona fide gift to Michael Xie of 50000 shares of Fortinet subject to Section 16 | ||
Michael Xie over three months ago Exercise or conversion by Michael Xie of 5090 shares of Fortinet subject to Rule 16b-3 | ||
Michael Xie over six months ago Exercise or conversion by Michael Xie of 1018 shares of Fortinet subject to Rule 16b-3 | ||
Michael Xie over six months ago Exercise or conversion by Michael Xie of 2030 shares of Fortinet subject to Rule 16b-3 | ||
Michael Xie over six months ago Fortinet exotic insider transaction detected |
Fortinet Corporate Filings
F3 | 25th of March 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
F4 | 13th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 26th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
8K | 23rd of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Fortinet Earnings Estimation Breakdown
The calculation of Fortinet's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Fortinet is estimated to be 0.38 with the future projection ranging from a low of 0.37 to a high of 0.41. Please be aware that this consensus of annual earnings estimates for Fortinet is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
0.37 Lowest | Expected EPS | 0.41 Highest |
Fortinet Earnings Projection Consensus
Suppose the current estimates of Fortinet's value are higher than the current market price of the Fortinet stock. In this case, investors may conclude that Fortinet is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Fortinet's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 31st of March 2024 | Current EPS (TTM) | |
30 | 87.0% | 0.51 | 0.38 | 1.46 |
Fortinet Earnings per Share Projection vs Actual
Actual Earning per Share of Fortinet refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Fortinet predict the company's earnings will be in the future. The higher the earnings per share of Fortinet, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Fortinet Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Fortinet, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Fortinet should always be considered in relation to other companies to make a more educated investment decision.Fortinet Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Fortinet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2024-02-06 | 2023-12-31 | 0.43 | 0.51 | 0.08 | 18 | ||
2023-11-02 | 2023-09-30 | 0.36 | 0.41 | 0.05 | 13 | ||
2023-08-03 | 2023-06-30 | 0.34 | 0.38 | 0.04 | 11 | ||
2023-05-04 | 2023-03-31 | 0.29 | 0.34 | 0.05 | 17 | ||
2023-02-07 | 2022-12-31 | 0.39 | 0.44 | 0.05 | 12 | ||
2022-11-02 | 2022-09-30 | 0.27 | 0.33 | 0.06 | 22 | ||
2022-08-03 | 2022-06-30 | 0.22 | 0.24 | 0.02 | 9 | ||
2022-05-04 | 2022-03-31 | 0.16 | 0.19 | 0.03 | 18 | ||
2022-02-03 | 2021-12-31 | 0.23 | 0.25 | 0.02 | 8 | ||
2021-11-04 | 2021-09-30 | 0.19 | 0.2 | 0.01 | 5 | ||
2021-07-29 | 2021-06-30 | 0.18 | 0.19 | 0.01 | 5 | ||
2021-04-29 | 2021-03-31 | 0.15 | 0.16 | 0.01 | 6 | ||
2021-02-04 | 2020-12-31 | 0.19 | 0.21 | 0.02 | 10 | ||
2020-10-29 | 2020-09-30 | 0.16 | 0.18 | 0.02 | 12 | ||
2020-08-06 | 2020-06-30 | 0.13 | 0.16 | 0.03 | 23 | ||
2020-05-06 | 2020-03-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2020-02-06 | 2019-12-31 | 0.14 | 0.15 | 0.01 | 7 | ||
2019-10-31 | 2019-09-30 | 0.11 | 0.13 | 0.02 | 18 | ||
2019-08-01 | 2019-06-30 | 0.1 | 0.12 | 0.02 | 20 | ||
2019-05-02 | 2019-03-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2019-02-06 | 2018-12-31 | 0.1 | 0.12 | 0.02 | 20 | ||
2018-11-01 | 2018-09-30 | 0.08 | 0.1 | 0.02 | 25 | ||
2018-08-01 | 2018-06-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2018-05-03 | 2018-03-31 | 0.05 | 0.07 | 0.02 | 40 | ||
2018-02-05 | 2017-12-31 | 0.29 | 0.32 | 0.03 | 10 | ||
2017-10-26 | 2017-09-30 | 0.05 | 0.06 | 0.01 | 20 | ||
2017-07-26 | 2017-06-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2017-04-27 | 2017-03-31 | 0.03 | 0.03 | 0.0 | 0 | ||
2017-02-02 | 2016-12-31 | 0.04 | 0.06 | 0.02 | 50 | ||
2016-10-27 | 2016-09-30 | 0.03 | 0.04 | 0.01 | 33 | ||
2016-07-28 | 2016-06-30 | 0.03 | 0.03 | 0.0 | 0 | ||
2016-04-26 | 2016-03-31 | 0.02 | 0.02 | 0.0 | 0 | ||
2016-01-28 | 2015-12-31 | 0.04 | 0.04 | 0.0 | 0 | ||
2015-10-22 | 2015-09-30 | 0.02 | 0.03 | 0.01 | 50 | ||
2015-07-22 | 2015-06-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2015-04-20 | 2015-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2015-01-28 | 2014-12-31 | 0.03 | 0.03 | 0.0 | 0 | ||
2014-10-22 | 2014-09-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2014-07-23 | 2014-06-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2014-04-23 | 2014-03-31 | 0.02 | 0.02 | 0.0 | 0 | ||
2014-01-29 | 2013-12-31 | 0.03 | 0.03 | 0.0 | 0 | ||
2013-10-23 | 2013-09-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2013-07-30 | 2013-06-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2013-04-30 | 2013-03-31 | 0.02 | 0.02 | 0.0 | 0 | ||
2013-01-30 | 2012-12-31 | 0.03 | 0.03 | 0.0 | 0 | ||
2012-10-16 | 2012-09-30 | 0.03 | 0.03 | 0.0 | 0 | ||
2012-07-25 | 2012-06-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2012-04-24 | 2012-03-31 | 0.02 | 0.02 | 0.0 | 0 | ||
2012-01-31 | 2011-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2011-10-24 | 2011-09-30 | 0.02 | 0.03 | 0.01 | 50 | ||
2011-07-19 | 2011-06-30 | 0.02 | 0.02 | 0.0 | 0 | ||
2011-04-27 | 2011-03-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2011-01-25 | 2010-12-31 | 0.01 | 0.02 | 0.01 | 100 | ||
2010-10-21 | 2010-09-30 | 0.01 | 0.02 | 0.01 | 100 | ||
2010-07-22 | 2010-06-30 | 0.01 | 0.01 | 0.0 | 0 | ||
2010-04-28 | 2010-03-31 | 0.01 | 0.01 | 0.0 | 0 | ||
2010-01-27 | 2009-12-31 | 0.01 | 0.01 | 0.0 | 0 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Share Portfolio Track or share privately all of your investments from the convenience of any device | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA |
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.