How to buy Fortinet stock
Learn how to easily invest in Fortinet stock.
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. Fortinet employs 13,677 staff and has a trailing 12-month revenue of around $5 billion.
How to buy Fortinet stock
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- Search for the stock name – FTNT. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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Fortinet stock price (NASDAQ: FTNT)Use our graph to track the performance of FTNT stocks over time.
Fortinet shares at a glance
|Latest market close||$58.78|
|52-week range||$42.61 - $81.24|
|50-day moving average||$67.15|
|200-day moving average||$62.52|
|Wall St. target price||$74.18|
|Dividend yield||$0 (0%)|
|Earnings per share (TTM)||$1.29|
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Is it a good time to buy Fortinet stock?
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.
Fortinet price performance over time
|1 week (2023-09-15)||-3.67%|
|1 month (2023-08-23)||-0.69%|
|3 months (2023-06-23)||-17.89%|
|6 months (2023-03-23)||-7.07%|
|1 year (2022-09-23)||20.97%|
|2 years (2021-09-19)||N/A|
|3 years (2020-09-23)||115.27|
|5 years (2018-09-21)||85.48|
Is Fortinet stock undervalued or overvalued?
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 P/E ratio
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 47x. In other words, Fortinet shares trade at around 47x 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 PEG ratio
Fortinet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.9857. 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 $1.3 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 billion|
|Operating margin TTM||23.48%|
|Gross profit TTM||$3.3 billion|
|Return on assets TTM||11.46%|
|Return on equity TTM||78.99%|
|Market Capitalization||$47.5 billion|
TTM: trailing 12 months
Fortinet share dividends
We're not expecting Fortinet to pay a dividend over the next 12 months.
Have Fortinet's shares ever split?
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.
Fortinet share price volatility
Over the last 12 months, Fortinet's shares have ranged in value from as little as $42.61 up to $81.24. 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 1.1584. This would suggest that Fortinet's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Fortinet, Inc. provides cybersecurity and networking solutions worldwide. 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 centralized network logging, analyzing and reporting solutions. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries.
Fortinet in the news
Where Will Fortinet Stock Be in 1 Year?
Fortinet Stock Analysis: Buy, Sell, or Hold?
Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
Frequently asked questionsWhat percentage of Fortinet is owned by insiders or institutions?
Currently 17.02% of Fortinet shares are held by insiders and 70.348% by institutions. How many people work for Fortinet?
Latest data suggests 13,677 work at Fortinet. When does the fiscal year end for Fortinet?
Fortinet's fiscal year ends in December. Where is Fortinet based?
Fortinet's address is: 899 Kifer Road, Sunnyvale, CA, United States, 94086 What is Fortinet's ISIN number?
Fortinet's international securities identification number is: US34959E1091 What is Fortinet's CUSIP number?
Fortinet's Committee on Uniform Securities Identification Procedures number is: 34959E109
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