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.
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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.
| Open | $310.48 |
|---|---|
| High | $317.44 |
| Low | $308.91 |
| Close | $316.06 |
| Previous close | $310.13 |
| Change | $5.93 |
| Change % | 1.9121% |
| Volume | 891,504 |
| 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 ratio | 96.797 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | $3.094 |
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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 | |
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£0 | No minimum | £5.18 £1,156.11 total |
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£0 | $50 | £5.75 £1,156.69 total |
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£0 | £0.01 | £1.59 £1,152.53 total |
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£0 | £50 | £5.77 £1,156.70 total |
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£0 | £1 | £23.47 £1,174.41 total |
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£9.99 per month | No minimum | £25.27 £1,176.20 total |
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£0 | No minimum | £11.51 £1,162.44 total |
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£36 per year | £20 | £23.90 £1,174.83 total |
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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.
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 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% |
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.
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.
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.
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.
| 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
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.
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 (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortinet.
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.).
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.
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.
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.
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.
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 |
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.
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.
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".
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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