Fortinet Stock Price on June 21, 2022 Breakdown

FTNT
 Stock
  

USD 52.52  1.77  3.26%   

As of today, the current price of Fortinet is  52.52 , as last reported on the 14th of August 2022, with the highest price reaching  54.87  and the lowest price hitting  52.41  during the day.
We consider Fortinet very steady. Fortinet secures Sharpe Ratio (or Efficiency) of 0.0113, which denotes the company had 0.0113% of return per unit of risk over the last 3 months. Our standpoint towards predicting the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Fortinet, which you can use to evaluate the future volatility of the firm. Please confirm Fortinet Mean Deviation of 2.49, downside deviation of 4.42, and Coefficient Of Variation of 2965.4 to check if the risk estimate we provide is consistent with the expected return of 0.0398%.
  
Net Income Common Stock is likely to gain to about 654.7 M in 2022. Price to Book Value is likely to gain to 81.11 in 2022. Price to Earnings Ratio is likely to gain to 113.63 in 2022. Fortinet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
667.4 M
Shares Outstanding
788.5 M
Shares Short Prior Month
11.5 M
Earnings Share
0.8
Shares Short
10.1 M
Revenue Per Share
4.72

Fortinet Main Headline on 21st of June 2022

Filing
by SEC
Submission of Matters to a Vote of Security Holders

Fortinet Valuation on June 21, 2022

It is possible to determine the worth of Fortinet on a given historical date. On June 21, 2022 Fortinet was worth 55.18 at the beginning of the trading date compared to the closed value of 56.2. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Fortinet stock. Still, in general, we apply an absolute valuation method to find Fortinet's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Fortinet's related companies.
 Open High Low Close Volume
  52.62    54.30    52.60    53.80    11,751,785  
06/21/2022
  55.18    57.00    55.09    56.20    5,768,780  
  55.20    56.91    55.10    55.69    4,010,265  
Backtest Fortinet  |  Fortinet History  |  Fortinet Valuation   PreviousNext  
Open Value 55.18
56.2
Closing Value
65.71
Upside

Fortinet Trading Date Momentum on June 21, 2022

On June 22 2022 Fortinet was traded for  55.69  at the closing time. The top price for the day was 56.91  and the lowest listed price was  55.10 . The trading volume for the day was 4 M. The trading history from June 22, 2022 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.91% . The overall trading delta against the current closing price is 0.36% .

Fortinet Fundamentals Correlations and Trends

By evaluating Fortinet's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Fortinet's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Fortinet financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Fortinet Stock history

Fortinet investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Fortinet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Fortinet will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Fortinet historical stock prices may prove useful in developing a viable investing in Fortinet
Last ReportedProjected for 2022
Weighted Average Shares816 M908.9 M
Weighted Average Shares Diluted835.5 M935 M
Issuance Purchase of Equity Shares-715.8 M-734.6 M
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 10860 people.

Fortinet Quarterly Market Capitalization

45.41 Billion

Fortinet Stock Technical Analysis

Fortinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fortinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortinet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Fortinet Period Price Range

Low
June 21, 2022
High

 55.18 

  

 56.20 

1.021.85%

Fortinet August 14, 2022 Market Strength

Market strength indicators help investors to evaluate how Fortinet stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fortinet shares will generate the highest return on investment. By undertsting and applying Fortinet stock market strength indicators, traders can identify Fortinet entry and exit signals to maximize returns

Fortinet Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Fortinet stock's direction in advance. Along with the technical and fundamental analysis of Fortinet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Fortinet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Please check Investing Opportunities. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Fortinet Stock analysis

When running Fortinet price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.31
Market Capitalization
42.8 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0833
Return On Equity
2.01
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine Fortinet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.