How to buy Fortinet (FTNT) shares in the UK

Learn how to easily invest in Fortinet shares.

Fortinet Inc
NASDAQ: FTNT - USD
SOFTWARE-INFRASTRUCTURE
$299.49
- $4.57 ( - 1.50%)

Fortinet Inc (FTNT) is a leading software-infrastructure business based in the US. It opened the day at $310.48 after a previous close of $310.13. During the day the price has varied from a low of $308.91 to a high of $317.44. The latest price was $316.06 (25 minute delay). Fortinet is listed on the NASDAQ and employs 9,043 staff. All prices are listed in US Dollars.

How to buy shares in Fortinet

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: FTNT in this case.
  5. Research Fortinet shares. The platform should provide the latest information available.
  6. Buy your Fortinet shares. It's that simple.
The whole process can take as little as 15 minutes.

How has coronavirus impacted Fortinet's share price?

Since the stock market crash that started in February 2020, Fortinet's share price has had significant positive movement.

Its last market close was $299.49, which is 61.78% up on its pre-crash value of $114.48 and 326.62% up on the lowest point reached during the March 2020 crash when the shares fell as low as $70.2.

If you had bought $1,000 worth of Fortinet shares at the start of February 2020, those shares would have been worth $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 $2,569.62.

Fortinet share price (NASDAQ:FTNT)

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

Fortinet shares at a glance

Information last updated 2021-08-27.
Open$310.48
High$317.44
Low$308.91
Close$316.06
Previous close$310.13
Change$5.93
Change %1.9121%
Volume891,504
Information last updated 2021-09-17.
52-week range$106.75 - $322
50-day moving average$302.9572
200-day moving average$236.2367
Wall St. target price$291.72
PE ratio96.797
Dividend yieldN/A (0%)
Earnings per share (TTM)$3.094
Promoted
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Invest in Fortinet shares with 0% commission

Other fees apply. Your capital is at risk.

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  • Pay no stamp duty on UK shares (saving 0.5%)
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Fees for buying 5x Fortinet shares with popular platforms

Both exchange rates and share prices fluctuate in real time, so the costs presented here should be considered as a guide only. They do not incorporate stamp duty. Always refer to the platform itself for availability and pricing – which may differ from our information.

Platform Platform fee Min. initial deposit Trading fee estimate
Freetrade logo £0 No minimum £5.18
£1,156.11 total
Capital at risk
eToro Free Stocks logo £0 $50 £5.75
£1,156.69 total
Capital at risk
Degiro Share Dealing logo £0 £0.01 £1.59
£1,152.53 total
Capital at risk
Stake logo £0 £50 £5.77
£1,156.70 total
Capital at risk
Hargreaves Lansdown Fund and Share Account logo £0 £1 £23.47
£1,174.41 total
Capital at risk
interactive investor Trading Account logo £9.99 per month No minimum £25.27
£1,176.20 total
Capital at risk
Fineco logo £0 No minimum £11.51
£1,162.44 total
Capital at risk
Halifax Share Dealing Account logo £36 per year £20 £23.90
£1,174.83 total
Capital at risk

Full comparison of share dealing platforms

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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.

Fortinet price performance over time

Historical closes compared with the last close of $316.06

1 week (2021-09-09) 1.71%
1 month (2021-08-19) 6.86%
3 months (2021-06-18) 35.26%
6 months (2021-03-19) 81.13%
1 year (2020-09-18) 169.49%
2 years (2019-09-19) 303.03%
3 years (2018-09-19) 268.24%
5 years (2016-09-19) 783.84%

Is Fortinet under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.

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 97x. In other words, Fortinet shares trade at around 97x 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.

PEG ratio

Fortinet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.1189. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

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.

EBITDA

Fortinet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $630.4 million (£0.0 million).

The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure a its profitability.

Financials

Revenue TTM $2.9 billion
Operating margin TTM 19.27%
Gross profit TTM $2 billion
Return on assets TTM 7.89%
Return on equity TTM 64.59%
Profit margin 17.69%
Book value $6.431
Market capitalisation $48.9 billion

TTM: trailing 12 months

How to short and sell Fortinet shares

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "FTNT.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 1.9 million Fortinet shares held short by investors – that's known as the "short interest". This figure is 14% down from 2.2 million last month.

There are a few different ways that this level of interest in shorting Fortinet shares can be evaluated.

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 970748.69109948). Fortinet's SIR currently stands at 1.91. In other words for every 100,000 Fortinet shares traded daily on the market, roughly 1910 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 0.01% of the outstanding shares (for every 100,000 Fortinet shares in existence, roughly 10 shares are currently held short) or 0.0133% of the tradable shares (for every 100,000 tradable Fortinet shares, roughly 13 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 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.

Total ESG risk score

Fortinet's 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 12/31/2018) 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

Fortinet's 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

Fortinet's 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

Fortinet's 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

Fortinet's controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, 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: 2019-01-01.

Total ESG score 22.91
Total ESG percentile 25.9
Environmental score 0.36
Environmental score percentile 2
Social score 14.43
Social score percentile 2
Governance score 7.12
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. However, you can browse other dividend-paying shares in our guide.

Have Fortinet's shares ever split?

Fortinet's shares were split on a 2:1 basis on 1 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.

Share price volatility

Over the last 12 months, Fortinet's shares have ranged in value from as little as $106.75 up to $322. A popular way to gauge a stock's volatility is its "beta".

FTNT.US volatility(beta: 1.12)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 1.1163. 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).

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