Fortinet Stock Today

Stocks . USA . 
Stock . Fortinet
FTNT Stock  USD 68.50  0.00  0.00%   

Market Performance

11 of 100

 
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100

Odds Of Distress

Less than 1

 
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0
Fortinet is selling for under 68.50 as of the 31st of May 2023; that is No Change since the beginning of the trading day. The stock's last reported lowest price was 67.86. Fortinet has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Fortinet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of June 2021 and ending today, the 31st of May 2023. Click here to learn more.
CUSIP
34959E109
Fiscal Year End
December
Business Domain
Software & Services
IPO Date
18th of November 2009
Category
Technology
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. The company has 785.2 M outstanding shares of which 10.84 M shares are currently shorted by private and institutional investors with about 2.36 trading days to cover. More on Fortinet

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Fortinet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Fortinet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortinet or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
Co-Founder, Chairman and CEOKen Xie
Thematic IdeaComputers (view all)
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Average Analyst Recommendation
Analysts covering Fortinet report their recommendations after researching Fortinet's financial statements, talking to executives and customers, or listening in on Fortinet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Fortinet. The Fortinet consensus assessment is calculated by taking the average forecast from all of the analysts covering Fortinet.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Fortinet based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Fortinet financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted783.5 M805.3 M
Fairly Down
Pretty Stable
Weighted Average Shares897.4 M791.4 M
Moderately Up
Slightly volatile
Return on Average Assets0.120.152
Significantly Down
Slightly volatile
Net Cash Flow from Operations1.9 B1.7 B
Significantly Up
Slightly volatile
Current Liabilities3.3 B3.1 B
Significantly Up
Slightly volatile
Total Liabilities7 B6.5 B
Significantly Up
Slightly volatile
Gross Margin0.820.754
Significantly Up
Slightly volatile
Total Debt1.1 B990.4 M
Significantly Up
Slightly volatile
Asset Turnover0.780.785
Slightly Down
Slightly volatile
Current Assets3.2 B3.8 B
Significantly Down
Slightly volatile
Total Assets5 B6.2 B
Significantly Down
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Fortinet's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Fortinet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fortinet's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortinet's financial leverage. It provides some insight into what part of Fortinet's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Fortinet's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Fortinet deploys its capital and how much of that capital is borrowed.
Liquidity
Fortinet cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 990.4 M in liabilities with Debt to Equity (D/E) ratio of 4.24, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortinet has a current ratio of 1.05, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Fortinet until it has trouble settling it off, either with new capital or with free cash flow. So, Fortinet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortinet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortinet to invest in growth at high rates of return. When we think about Fortinet's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.87 Billion
Fortinet (FTNT) is traded on NASDAQ Exchange in USA. It is located in 899 Kifer Road, Sunnyvale, CA, United States, 94086 and employs 13,202 people. Fortinet is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 53.21 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. Fortinet conducts business under Software sector and is part of Information Technology industry. The entity has 785.2 M outstanding shares of which 10.84 M shares are currently shorted by private and institutional investors with about 2.36 trading days to cover. Fortinet currently holds about 1.73 B in cash with 1.73 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21.
Check Fortinet Probability Of Bankruptcy
Ownership
Fortinet holds a total of seven hundred eighty-five million one hundred ninety-six thousand thirty-two outstanding shares. The majority of Fortinet outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Fortinet to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Fortinet. Please pay attention to any change in the institutional holdings of Fortinet as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation

Check Fortinet Ownership Details

Fortinet Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Fortinet jumping above the current price in 90 days from now is about 10.54%. The Fortinet probability density function shows the probability of Fortinet stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1556. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fortinet will likely underperform. Additionally, the company has an alpha of 0.2948, implying that it can generate a 0.29 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 68.5HorizonTargetOdds Above 68.5
89.35%90 days
 68.50 
10.54%
Based on a normal probability distribution, the odds of Fortinet to move above the current price in 90 days from now is about 10.54 (This Fortinet probability density function shows the probability of Fortinet Stock to fall within a particular range of prices over 90 days) .

Fortinet Historical Income Statement

Fortinet Income Statement is one of the three primary financial statements used for reporting Fortinet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fortinet revenue and expense. Fortinet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Fortinet Revenues is comparatively stable at the moment as compared to the past year. Fortinet reported Revenues of 4.42 Billion in 2022. Weighted Average Shares is likely to gain to about 897.4 M in 2023, whereas Selling General and Administrative Expense is likely to drop slightly above 1.5 B in 2023. View More Fundamentals
Consolidated Income  Earning Before Interest and Taxes EBIT  Net Income  

Fortinet Stock Against Markets

Picking the right benchmark for Fortinet stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortinet stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortinet is critical whether you are bullish or bearish towards Fortinet at a given time.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Fortinet without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fortinet Corporate Directors

Fortinet corporate directors refer to members of a Fortinet board of directors. The board of directors generally takes responsibility for the Fortinet's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fortinet's board members must vote for the resolution. The Fortinet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Peter CohenDirectorProfile
Ming HsiehIndependent DirectorProfile
Chenming HuIndependent DirectorProfile
William NeukomIndependent DirectorProfile

How to buy Fortinet Stock?

Before investing in Fortinet, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Fortinet. To buy Fortinet stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Fortinet. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Fortinet stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Fortinet stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Fortinet stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Fortinet, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Already Invested in Fortinet?

The danger of trading Fortinet is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortinet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortinet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortinet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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
0.824
Earnings Share
1.21
Revenue Per Share
6.009
Quarterly Revenue Growth
0.322
Return On Assets
0.1089
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.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
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Earnings
Projections
Details
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.
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