Fortinet is a software - infrastructure business based in the US. Fortinet shares (FTNT) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $92.45 – a decrease of 2.13% over the previous week. Fortinet employs 13,986 staff and has a trailing 12-month revenue of around $5.7 billion.
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| Latest market close | $92.45 |
|---|---|
| 52-week range | $50.65 - $100.59 |
| 50-day moving average | $80.38 |
| 200-day moving average | $68.84 |
| Wall St. target price | $88.13 |
| PE ratio | 49.1979 |
| Dividend yield | N/A |
| Earnings per share (TTM) | $1.92 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $90.79 from 2024-11-19
| 1 week (2024-11-13) | -7.24% |
|---|---|
| 1 month (2024-10-18) | 11.99% |
| 3 months (2024-08-20) | 20.14% |
| 6 months (2024-05-20) | 45.64% |
| 1 year (2023-11-20) | 74.90% |
|---|---|
| 2 years (2022-11-18) | 74.09% |
| 3 years (2021-11-19) | 32.54% |
| 5 years (2019-11-20) | 343.09% |
Valuing Fortinet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortinet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortinet's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 49x. In other words, Fortinet shares trade at around 49x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Fortinet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.707. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fortinet's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Fortinet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.7 billion.
The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $5.7 billion |
|---|---|
| Operating margin TTM | 31.15% |
| Gross profit TTM | $3.3 billion |
| Return on assets TTM | 12.32% |
| Return on equity TTM | 31.15% |
| Profit margin | 26.79% |
| Book value | $1.19 |
| Market Capitalization | $72.4 billion |
TTM: trailing 12 months
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortinet.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 22.91
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortinet's overall score of 22.91 (as at 12/31/2018) is pretty good – landing it in it in the 26th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortinet is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 0.36/100
Fortinet's environmental score of 0.36 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Fortinet is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 14.43/100
Fortinet's social score of 14.43 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Fortinet is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 7.12/100
Fortinet's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that Fortinet is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortinet scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortinet has, for the most part, managed to keep its nose clean.
Fortinet Inc was last rated for ESG on: 2019-01-01.
| Total ESG score | 22.91 |
|---|---|
| Total ESG percentile | 25.9 |
| Environmental score | 0.36 |
| Environmental score percentile | 2 |
| Social score | 14.43 |
| Social score percentile | 2 |
| Governance score | 7.12 |
| Governance score percentile | 2 |
| Level of controversy | 2 |
We're not expecting Fortinet to pay a dividend over the next 12 months.
Fortinet's shares were split on a 5:1 basis on 22 June 2022 . So if you had owned 1 share the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your Fortinet shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Fortinet shares which in turn could have impacted Fortinet's share price.
Over the last 12 months, Fortinet's shares have ranged in value from as little as $50.65 up to $100.59. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Fortinet's is 0.995. This would suggest that Fortinet's shares are less volatile than average (for this exchange).
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses.
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