Fortinet Stock Analysis

FTNT
 Stock
  

USD 53.61  1.77  3.20%   

The modest gains experienced by current holders of Fortinet could raise concerns from private investors as the firm is trading at a share price of 53.61 on 4,684,851 in volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in November. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.29. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Fortinet partners.
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The Fortinet stock analysis report makes it easy to digest most publicly released information about Fortinet and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Fortinet Stock analysis module also helps to analyze the Fortinet price relationship with some important fundamental indicators such as market cap and management efficiency.

Fortinet Stock Analysis Notes

About 19.0% of the company shares are held by company insiders. The company has Price/Earnings To Growth (PEG) ratio of 1.88. Fortinet had not issued any dividends in recent years. The entity had 5:1 split on the 23rd of June 2022. Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 12091 people. To learn more about Fortinet call Ken Xie at 408 235 7700 or check out https://www.fortinet.com.

Fortinet Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Fortinet's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortinet or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Fortinet has very high historical volatility over the last 90 days
About 68.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Cybersecurity Stocks Drop as CrowdStrike Warns Headwinds Are Growing - Bloomberg

Fortinet Upcoming and Recent Events

Earnings reports are used by Fortinet to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Fortinet 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.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Fortinet SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Fortinet prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Fortinet investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Fortinet specific information freely available to individual and institutional investors to make a timely investment decision.
3rd of August 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
22nd of June 2022
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
View
21st of June 2022
Submission of Matters to a Vote of Security Holders
View
4th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
2nd of May 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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22nd of April 2022
Other Events
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14th of February 2022
Unclassified Corporate Event
View
10th of February 2022
Unclassified Corporate Event
View

Fortinet Stock 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.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares125.6 K6.2 M
Zweigdimenna Associates LlcCommon Shares74.5 K4.2 M
Zweigdimenna Associates LlcCommon Shares3.2 K295 K
Zweigdimenna Associates LlcCommon Shares4.6 K246 K
Zurich Insurance Group LtdCommon Shares24 KM
Zurcher Kantonalbank Zurich CantonalbankCommon Shares425.9 K20.9 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares359.1 K20.3 M
Note, although Fortinet's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Fortinet Market Capitalization

The company currently falls under 'Large-Cap' category with current market capitalization of 41.88 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 these looking for more risk prefer small-cap and mid-cap equities.

Fortinet 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.
The company has Profit Margin (PM) of 0.18 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.2 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.0.
Last ReportedProjected for 2022
Return on Investment 49.18  53.06 
Return on Average Assets 12.18  13.14 
Return on Average Equity 74.10  79.95 
Return on Invested Capital 0.24  0.26 
Return on Sales 0.19  0.17 

Management Efficiency

The entity has return on total asset (ROA) of 0.0909 % which means that it generated profit of $0.0909 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 2.8924 %, meaning that it created $2.8924 on every $100 dollars invested by stockholders. Fortinet 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. Fortinet Return on Investment is comparatively stable at the moment as compared to the past year. Fortinet reported Return on Investment of 49.18 in 2021. Return on Average Assets is likely to gain to 13.14 in 2022, whereas Return on Sales is likely to drop 0.17 in 2022. Total Liabilities is likely to gain to about 5.5 B in 2022. Current Liabilities is likely to gain to about 2.5 B in 2022
Last ReportedProjected for 2022
Book Value per Share 0.96  1.01 
Enterprise Value over EBIT 91.00  94.56 
Enterprise Value over EBITDA 80.42  70.96 
Price to Book Value 75.17  81.11 
Tangible Assets Book Value per Share 7.02  7.58 
Enterprise Value57.9 B62.5 B
Tangible Asset Value5.7 B6.2 B

Technical Drivers

As of the 5th of December, Fortinet shows the Downside Deviation of 3.61, mean deviation of 2.26, and Coefficient Of Variation of 1631.5. Fortinet technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Fortinet, which can be compared to its rivals. Please confirm Fortinet variance and potential upside to decide if Fortinet is priced favorably, providing market reflects its regular price of 53.61 per share. Given that Fortinet has jensen alpha of 0.0479, we urge you to verify Fortinet's prevailing market performance to make sure the company can sustain itself at a future point.

Fortinet Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Weighted Moving Average calculates a weight for each value in Fortinet price series with the more recent values given greater weights.
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Fortinet Insider Trading Activities

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.

Fortinet Technical and Predictive Indicators

Fortinet Forecast Models

Fortinet time-series forecasting models is one of many Fortinet's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Fortinet's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Fortinet Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Fortinet prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Fortinet shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Fortinet. By using and applying Fortinet Stock analysis, traders can create a robust methodology for identifying Fortinet entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 19.32  17.65 
EBITDA Margin 21.08  17.48 
Gross Margin 76.57  71.39 
Profit Margin 18.16  19.59 

Current Fortinet Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Fortinet analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Fortinet analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
346.05Hold20Odds
Fortinet current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Fortinet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fortinet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fortinet, talking to its executives and customers, or listening to Fortinet conference calls.
Fortinet Analyst Advice Details

Fortinet Stock Analysis Indicators

Fortinet stock analysis indicators help investors 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 understating and applying Fortinet stock analysis, traders can identify Fortinet position entry and exit signals to maximize returns.
Begin Period Cash Flow1061800000.00
Logo U R LimglogosUSftnt.png
Common Stock Shares Outstanding835500000.00
Total Stockholder Equity781700000.00
DescriptionFortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardwar
Total Cashflows From Investing Activities-1325100000.00
Tax Provision14100000.00
Quarterly Earnings Growth Y O Y0.526
Property Plant And Equipment Net687600000.00
Retained Earnings-467900000.00
Cash And Short Term Investments2551700000.00
Retained Earnings Total Equity-467900000.00
Cash1319100000.00
CodeFTNT
Accounts Payable148400000.00
Net Debt-330700000.00
50 Day M A52.171
Total Current Liabilities2318100000.00
Currency CodeUSD
Other Operating Expenses2696400000.00
Non Current Assets Total2318500000.00
Forward Price Earnings37.3134
Common Stock Total Equity200000.00
Non Currrent Assets Other659100000.00
Please check Investing Opportunities. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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 YOY
0.53
Market Capitalization
41.9 B
Quarterly Revenue Growth YOY
0.33
Return On Assets
0.0909
Return On Equity
2.89
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 Fortinet value 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.