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FTNT

Fortinet NasdaqGS:FTNT Stock Report

Last Price

US$52.08

Market Cap

US$40.7b

7D

-0.5%

1Y

-24.1%

Updated

28 Nov, 2022

Data

Company Financials +
FTNT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance5/6
Financial Health2/6
Dividends0/6

FTNT Stock Overview

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Fortinet, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Fortinet
Historical stock prices
Current Share PriceUS$52.08
52 Week HighUS$74.35
52 Week LowUS$42.61
Beta1.16
1 Month Change-8.79%
3 Month Change6.20%
1 Year Change-24.15%
3 Year Change150.58%
5 Year Change526.87%
Change since IPO3,033.57%

Recent News & Updates

Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?

Oct 22
Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?

Fortinet: Fairly Valued, Profitable And Growing Rapidly

Oct 04

Recent updates

Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?

Oct 22
Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?

Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?

Sep 22
Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?

Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)

Sep 04
Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)

Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate

Aug 17
Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate

Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today

Jul 20
Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today

Fortinet (NASDAQ:FTNT) Could Easily Take On More Debt

Jul 06
Fortinet (NASDAQ:FTNT) Could Easily Take On More Debt

Is It Time To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?

Jun 08
Is It Time To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?

Fortinet's (NASDAQ:FTNT) Returns On Capital Are Heading Higher

Jan 28
Fortinet's (NASDAQ:FTNT) Returns On Capital Are Heading Higher

Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 26% Below Their Intrinsic Value Estimate

Jan 18
Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 26% Below Their Intrinsic Value Estimate

Is Now An Opportune Moment To Examine Fortinet, Inc. (NASDAQ:FTNT)?

Dec 25
Is Now An Opportune Moment To Examine Fortinet, Inc. (NASDAQ:FTNT)?

Returns Are Gaining Momentum At Fortinet (NASDAQ:FTNT)

Oct 23
Returns Are Gaining Momentum At Fortinet (NASDAQ:FTNT)

Estimating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)

Oct 10
Estimating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)

Does Fortinet (NASDAQ:FTNT) Have A Healthy Balance Sheet?

Sep 28
Does Fortinet (NASDAQ:FTNT) Have A Healthy Balance Sheet?

Does Fortinet (NASDAQ:FTNT) Deserve A Spot On Your Watchlist?

Sep 16
Does Fortinet (NASDAQ:FTNT) Deserve A Spot On Your Watchlist?

Should You Investigate Fortinet, Inc. (NASDAQ:FTNT) At US$300?

Aug 11
Should You Investigate Fortinet, Inc. (NASDAQ:FTNT) At US$300?

Fortinet (NASDAQ:FTNT) Shareholders Will Want The ROCE Trajectory To Continue

Jul 18
Fortinet (NASDAQ:FTNT) Shareholders Will Want The ROCE Trajectory To Continue

Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 22%?

Jul 05
Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 22%?

Shareholders Would Not Be Objecting To Fortinet, Inc.'s (NASDAQ:FTNT) CEO Compensation And Here's Why

Jun 12
Shareholders Would Not Be Objecting To Fortinet, Inc.'s (NASDAQ:FTNT) CEO Compensation And Here's Why

Is Fortinet (NASDAQ:FTNT) Using Too Much Debt?

May 12
Is Fortinet (NASDAQ:FTNT) Using Too Much Debt?

Is It Too Late To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?

Apr 30
Is It Too Late To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?

Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?

Apr 13
Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?

The 22% Return On Capital At Fortinet (NASDAQ:FTNT) Got Our Attention

Mar 18
The 22% Return On Capital At Fortinet (NASDAQ:FTNT) Got Our Attention

What Kind Of Shareholders Hold The Majority In Fortinet, Inc.'s (NASDAQ:FTNT) Shares?

Mar 05
What Kind Of Shareholders Hold The Majority In Fortinet, Inc.'s (NASDAQ:FTNT) Shares?

Calculating The Intrinsic Value Of Fortinet, Inc. (NASDAQ:FTNT)

Feb 20
Calculating The Intrinsic Value Of Fortinet, Inc. (NASDAQ:FTNT)

Fortinet, Inc.'s (NASDAQ:FTNT) Stock Is Going Strong: Is the Market Following Fundamentals?

Feb 07
Fortinet, Inc.'s (NASDAQ:FTNT) Stock Is Going Strong: Is the Market Following Fundamentals?

Shareholder Returns

FTNTUS SoftwareUS Market
7D-0.5%0.7%0.3%
1Y-24.1%-38.1%-20.5%

Return vs Industry: FTNT exceeded the US Software industry which returned -38.1% over the past year.

Return vs Market: FTNT underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is FTNT's price volatile compared to industry and market?
FTNT volatility
FTNT Average Weekly Movement7.3%
Software Industry Average Movement9.3%
Market Average Movement7.4%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market3.3%

Stable Share Price: FTNT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: FTNT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200012,091Ken Xiehttps://www.fortinet.com

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products.

Fortinet, Inc. Fundamentals Summary

How do Fortinet's earnings and revenue compare to its market cap?
FTNT fundamental statistics
Market CapUS$40.69b
Earnings (TTM)US$742.50m
Revenue (TTM)US$4.10b

54.8x

P/E Ratio

9.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTNT income statement (TTM)
RevenueUS$4.10b
Cost of RevenueUS$1.02b
Gross ProfitUS$3.08b
Other ExpensesUS$2.34b
EarningsUS$742.50m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.95
Gross Margin75.21%
Net Profit Margin18.12%
Debt/Equity Ratio-158.9%

How did FTNT perform over the long term?

See historical performance and comparison