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How to buy Fortinet stock | $117.835

Own Fortinet stock in just a few minutes.

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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.

How to buy shares in Fortinet

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Fortinet Find the stock by name or ticker symbol: FTNT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Fortinet reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$117.835, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Fortinet, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Fortinet. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Fortinet's share price?

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$117.835, which is 2.85% up on its pre-crash value of USD$114.48 and 67.86% 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$1,011.02.

Fortinet share price

Use our graph to track the performance of FTNT stocks over time.

Fortinet shares at a glance

Information last updated 2020-09-22.
Latest market closeUSD$117.835
52-week rangeUSD$70.2 - USD$151.95
50-day moving average USD$126.9911
200-day moving average USD$122.9059
Wall St. target priceUSD$139.7
PE ratio 48.2636
Dividend yield N/A (0%)
Earnings per share (TTM) USD$2.388

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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.

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

Historical closes compared with the last close of $117.835

1 week (2020-09-11) N/A
1 month (2020-08-18) N/A
3 months (2020-06-22) -17.52%
6 months (2020-03-18) N/A
1 year (2019-09-18) N/A
2 years (2018-09-18) N/A
3 years (2017-09-18) N/A
5 years (2015-09-18) N/A

Is Fortinet under- or over-valued?

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 48x. In other words, Fortinet shares trade at around 48x 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 2.0624. 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

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.

Fortinet financials

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%
Profit margin 17.46%
Book value $3.362
Market capitalisation USD$19.1 billion

TTM: trailing 12 months

Shorting Fortinet shares

There are currently 4.9 million Fortinet shares held short by investors – that's known as Fortinet's "short interest". This figure is 3% up from 4.7 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)

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 1.4 million). Fortinet's SIR currently stands at 3.52. In other words for every 100,000 Fortinet shares traded daily on the market, roughly 3520 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 0.0423% of the tradable shares (for every 100,000 tradable Fortinet shares, roughly 42 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.

Fortinet's environmental, social and governance track record

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.

Fortinet's total ESG risk score

Total ESG risk: 18.89

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortinet's overall score of 18.89 (as at 08/01/2020) 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.).

Fortinet's environmental score

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.

Fortinet's social score

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.

Fortinet's governance score

Governance score: 7.6/100

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.

Fortinet's controversy score

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.

Environmental, social, and governance (ESG) summary

Fortinet, Inc was last rated for ESG on: 2020-08-01.

Total ESG score 18.89
Total ESG percentile 25.75
Environmental score 0.36
Environmental score percentile 2
Social score 14.43
Social score percentile 2
Governance score 7.6
Governance score percentile 2
Level of controversy 2

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 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.

Fortinet share price volatility

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".

FTNT.US volatility(beta: 0.84)Avg. volatility(beta: 1.00)LowHigh

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 0.8439. This would suggest that Fortinet's shares are less volatile than average (for this exchange).

Fortinet overview

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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