Fortinet Stock Performance

FTNT Stock  USD 68.33  0.21  0.31%   
On a scale of 0 to 100, Fortinet holds a performance score of 9. The firm shows a Beta (market volatility) of 1.1491, which means a somewhat significant risk relative to the market. Let's try to break down what Fortinet's beta means in this case. Fortinet returns are very sensitive to returns on the market. As the market goes up or down, Fortinet is expected to follow. Although it is important to respect Fortinet historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Fortinet technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future. Please utilizes Fortinet potential upside, as well as the relationship between the accumulation distribution and price action indicator to make a quick decision on whether Fortinet price patterns will revert.

Fortinet Performance

9 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Fortinet are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Fortinet may actually be approaching a critical reversion point that can send shares even higher in July 2023. ...more

Structure and Payout Changes

Last Split Factor
Last Split Date
Begin Period Cash Flow1.3 B
Total Cashflows From Investing Activities763.9 M

Fortinet Relative Risk vs. Return Landscape

If you would invest  6,084  in Fortinet on March 3, 2023 and sell it today you would earn a total of  734.00  from holding Fortinet or generate 12.06% return on investment over 90 days. Fortinet is currently generating 0.1967% in daily expected returns and assumes 1.6152% risk (volatility on return distribution) over the 90 days horizon. In different words, 14% of stocks are less volatile than Fortinet, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Fortinet is expected to generate 1.79 times more return on investment than the market. However, the company is 1.79 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.09 per unit of risk.

Fortinet Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortinet, and traders can use it to determine the average amount a Fortinet's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1218

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Estimated Market Risk

  actual daily
86% of assets are more volatile

Expected Return

  actual daily
97% of assets have higher returns

Risk-Adjusted Return

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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.

Fortinet Fundamentals Growth

Fortinet Stock prices reflect investors' perceptions of the future prospects and financial health of Fortinet, and Fortinet fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fortinet Stock performance.

About Fortinet Performance

To evaluate Fortinet Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Fortinet generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Fortinet Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Fortinet market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Fortinet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Effect of Exchange Rate Changes on Cash-400 K-431.6 K
Return on Investment 77.86  84.00 
Return on Average Assets 0.15  0.12 
Return on Average Equity(3.14) (3.22) 
Return on Invested Capital 0.34  0.33 
Return on Sales 0.20  0.18 

Things to note about Fortinet performance evaluation

Checking the ongoing alerts about Fortinet for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortinet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
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 Cadence Design Systems Inc. stock falls Wednesday, underperforms market - MarketWatch
Evaluating Fortinet's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Fortinet's stock performance include:
  • Analyzing Fortinet's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fortinet's stock is overvalued or undervalued compared to its peers.
  • Examining Fortinet's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Fortinet's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortinet's management team can help you assess the company's leadership.
  • Pay attention to analyst opinions and ratings of Fortinet's stock. These opinions can provide insight into Fortinet's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Fortinet's stock performance is not an exact science, and many factors can impact Fortinet's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Investing Opportunities to better understand how to build diversified portfolios. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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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
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
Return On Assets
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. Check out Investing Opportunities to better understand how to build diversified portfolios. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.