Fortinet Short Ratio

FTNT
 Stock
  

USD 53.61  1.77  3.20%   

Fortinet fundamentals help investors to digest information that contributes to Fortinet's financial success or failures. It also enables traders to predict the movement of Fortinet Stock. The fundamental analysis module provides a way to measure Fortinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortinet stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

Fortinet Short Ratio Analysis

Fortinet's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Short Ratio 
 = 
Short Interest 
Average Trading Volume 
More About Short Ratio | All Equity Analysis

Current Fortinet Short Ratio

    
  1.64 X  
Most of Fortinet's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fortinet Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortinet is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Short Ratio. Since Fortinet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortinet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortinet's interrelated accounts and indicators.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Compare to competition

Fortinet Net Cash Flow from Operations

Net Cash Flow from Operations

1.62 Billion

Fortinet Net Cash Flow from Operations is comparatively stable at the moment as compared to the past year. Fortinet reported Net Cash Flow from Operations of 1.5 Billion in 2021
Based on the latest financial disclosure, Fortinet has a Short Ratio of 1.64 times. This is 66.19% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The short ratio for all United States stocks is 59.0% higher than that of the company.

Fortinet Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortinet's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics of similar companies.
Fortinet is currently under evaluation in short ratio category among related companies.

Fortinet Current Valuation Drivers

We derive many important indicators used in calculating different scores of Fortinet from analyzing Fortinet's financial statements. These drivers represent accounts that assess Fortinet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fortinet's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee6.2 K56.84 K46.1 K59.14 K59.52 K64.22 K
Revenue Per Employee295.09 K308.16 K304.46 K314.07 K327.83 K291.81 K
Average Assets1.98 B2.32 B3.5 B3.54 B5.68 B6.13 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA157.41 M271.1 M387.4 M579.5 M704.7 M760.33 M
Earnings Before Interest Taxes and Depreciation Amortization USD91.6 M179.5 M447.6 M610.5 M720.2 M777.06 M
Earnings before Tax43.1 M124 M386 M541.7 M620.9 M669.92 M
Average Equity801.95 M828 M1.18 B662.35 M982.7 M933.2 M
Enterprise Value4.56 B6.69 B17.08 B23.23 B57.92 B62.49 B
Free Cash Flow278.5 M459.1 M715.8 M957.8 M1.2 B1.3 B
Invested Capital562.12 M388.8 M1.1 B1.03 B3.08 B3.32 B
Invested Capital Average563.28 M518.1 M938.75 M911.98 M2.69 B2.9 B
Market Capitalization5.21 B7.6 B18.26 B24.11 B58.76 B63.4 B
Tangible Asset Value2.1 B2.23 B3.78 B3.92 B5.73 B6.18 B
Working Capital709.28 M689.6 M1.31 B910.9 M1.28 B1.07 B

Fortinet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Fortinet Institutional Holders

Institutional Holdings refers to the ownership stake in Fortinet that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Fortinet's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Fortinet's value.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares125.6 K6.2 M
Zweigdimenna Associates LlcCommon Shares74.5 K4.2 M
Zweigdimenna Associates LlcCommon Shares3.2 K295 K
Zweigdimenna Associates LlcCommon Shares4.6 K246 K
Zurich Insurance Group LtdCommon Shares24 KM
Zurcher Kantonalbank Zurich CantonalbankCommon Shares425.9 K20.9 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares359.1 K20.3 M

Fortinet Fundamentals

About Fortinet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 12091 people.

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Please check Fortinet Piotroski F Score and Fortinet Altman Z Score analysis. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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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
0.53
Market Capitalization
43.3 B
Quarterly Revenue Growth YOY
0.33
Return On Assets
0.0909
Return On Equity
2.89
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.