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Fortinet, Inc 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 7,756 staff and has a trailing 12-month revenue of around USD$2.4 billion.
Since the stock market crash in March caused by coronavirus, Fortinet's share price has had significant positive movement.
Its last market close was USD$128.82, which is 11.13% up on its pre-crash value of USD$114.48 and 83.50% up on the lowest point reached during the March crash when the shares fell as low as USD$70.2.
If you had bought USD$1,000 worth of Fortinet shares at the start of February 2020, those shares would have been worth USD$737.02 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,105.28.
|Latest market close||USD$128.82|
|52-week range||USD$70.2 - USD$151.95|
|50-day moving average||USD$121.2654|
|200-day moving average||USD$127.5062|
|Wall St. target price||USD$140.05|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$2.388|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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.
|1 week (2020-11-25)||7.48%|
|1 month (2020-11-02)||16.48%|
|3 months (2020-09-03)||6.73%|
|6 months (2020-06-03)||-9.85%|
|1 year (2019-12-03)||24.10%|
|2 years (2018-12-03)||71.51%|
|3 years (2017-12-01)||205.33%|
|5 years (2015-12-03)||271.24%|
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 55x. In other words, Fortinet shares trade at around 55x 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 2.3518. 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 USD$479.2 million.
The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.4 billion|
|Operating margin TTM||17.55%|
|Gross profit TTM||USD$1.7 billion|
|Return on assets TTM||7.71%|
|Return on equity TTM||49.35%|
|Market capitalisation||USD$21.5 billion|
TTM: trailing 12 months
There are currently 5.1 million Fortinet shares held short by investors – that's known as Fortinet's "short interest". This figure is 2.7% up from 4.9 million last month.
There are a few different ways that this level of interest in shorting Fortinet shares can be evaluated.
Fortinet's "short interest ratio" (SIR) is the quantity of Fortinet shares currently shorted divided by the average quantity of Fortinet shares traded daily (recently around 1.3 million). Fortinet's SIR currently stands at 3.9. In other words for every 100,000 Fortinet shares traded daily on the market, roughly 3900 shares are currently held short.
However Fortinet's short interest can also be evaluated against the total number of Fortinet shares, or, against the total number of tradable Fortinet shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Fortinet's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Fortinet shares in existence, roughly 30 shares are currently held short) or 0.0439% of the tradable shares (for every 100,000 tradable Fortinet shares, roughly 44 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Fortinet.
Find out more about how you can short Fortinet stock.
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 10/01/2020) 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.
|Total ESG score||22.91|
|Total ESG percentile||25.9|
|Environmental score percentile||2|
|Social score percentile||2|
|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 2:1 basis on 2 June 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Fortinet shares – just the quantity. However, indirectly, the new 50% 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 $70.2 up to $151.95. 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 0.8891. This would suggest that Fortinet's shares are less volatile than average (for this exchange).
Fortinet, Inc. provides broad, integrated, and automated cybersecurity 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 (WAN) acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender appliance provides a WAN connection to its FortiGate products; 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. 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; and FortiSIEM family of software solutions, which offers a cloud-ready security information and event management solutions, as well as FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiNAC product family to implement zero trust network access strategies. The company 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, Inc. provides its products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 2000 and is headquartered in Sunnyvale, California.
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