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Fortinet is a software-infrastructure business based in the US. Fortinet stocks (FTNT.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $307.88 – a decrease of 11.14% over the previous week. Fortinet employs 9,700 staff and has a trailing 12-month revenue of around $3.1 billion.
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| Latest market close | $272.95 |
|---|---|
| 52-week range | $143.63 - $371.77 |
| 50-day moving average | $328.51 |
| 200-day moving average | $282.29 |
| Wall St. target price | $374.82 |
| PE ratio | 86.8904 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $3.32 |
Note: The dollar amounts in the table below are in Canadian dollars.
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.
Historical closes compared with the close of $272.95 from 2022-01-25
| 1 week (2022-01-19) | -11.14% |
|---|---|
| 1 month (2021-12-23) | -21.80% |
| 3 months (2021-10-22) | N/A |
| 6 months (2021-07-26) | 0.22% |
| 1 year (2021-01-26) | 82.39% |
|---|---|
| 2 years (2020-01-24) | 131.33% |
| 3 years (2019-01-25) | 270.91% |
| 5 years (2017-01-26) | 738.04% |
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 87x. In other words, Fortinet shares trade at around 87x 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 4.1549. 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 $676.1 million.
The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $3.1 billion |
|---|---|
| Operating margin TTM | 19.2% |
| Gross profit TTM | $2 billion |
| Return on assets TTM | 7.85% |
| Return on equity TTM | 60% |
| Profit margin | 17.74% |
| Book value | $6.84 |
| Market capitalisation | $47.2 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 01/01/2019) 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.
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 $143.63 up to $371.77. 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 1.1536. 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 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. 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; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. 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.
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