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 15,015 staff and has a trailing 12-month revenue of around $6.6 billion.
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Fortinet stock price (NASDAQ: FTNT)
Use our graph to track the performance of FTNT stocks over time.
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.
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 34x. In other words, Fortinet shares trade at around 34x 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 2.027. 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 $2.2 billion.
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
$6.6 billion
Operating margin TTM
31.65%
Gross profit TTM
$5.3 billion
Return on assets TTM
13.88%
Return on equity TTM
228.04%
Profit margin
28.58%
Book value
$0.99
Market Capitalization
$62.7 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 $70.12 up to $114.82. 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 1.094. 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 overview
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network (LAN) solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless LAN access points, and FortiExtender 5G connectivity gateways. It also provides the Fortinet Unified Secure Access Service Edge (SASE) solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. In addition the company offers artificial intelligence-driven security operation solutions, which provides a suite of cybersecurity solutions that identify, protect, detect, respond, and recover from threats, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon that helps organizations ensuring attackers face multiple layers of detection and mitigation across endpoints, networks, and applications. Further, it offers FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training and certification programs, as well as operates FortiGuard Lab, a cybersecurity threat intelligence and research organization. The company serves large enterprises, communication service providers, government organizations, and small to medium-sized enterprises.
Frequently asked questions
null What percentage of Fortinet is owned by insiders or institutions? Currently 17.378% of Fortinet shares are held by insiders and 71.178% by institutions.How many people work for Fortinet? Latest data suggests 15,015 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: 909 Kifer Road, Sunnyvale, CA, United States, 94086What is Fortinet's ISIN number? Fortinet's international securities identification number is: US34959E1091What is Fortinet's CUSIP number? Fortinet's Committee on Uniform Securities Identification Procedures number is: 34959E109
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