Fortinet Historical Income Statement

FTNT
 Stock
  

USD 54.08  0.21  0.39%   

Historical analysis of Fortinet income statement accounts such as Cost of Revenue of 622.2 M or Earning Before Interest and Taxes EBIT of 686 M can show how well Fortinet performed in making a profits. Evaluating Fortinet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fortinet's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Fortinet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortinet is a good buy for the upcoming year.
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About Fortinet Income Statement Analysis

Fortinet Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fortinet shareholders. The income statement also shows Fortinet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fortinet Income Statement Chart

Fortinet Income Statement is one of the three primary financial statements used for reporting Fortinet's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Fortinet revenue and expense. Fortinet Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Fortinet Weighted Average Shares is comparatively stable at the moment as compared to the past year. Fortinet reported Weighted Average Shares of 816 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 935 M in 2022, whereas Research and Development Expense is likely to drop slightly above 339.5 M in 2022.

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income to Non Controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Fortinet financial statement analysis. It represents the amount of money remaining after all of Fortinet operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income to Non Controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Fortinet for goods sold or services provided during a certain time period. It also includes all of Fortinet sales as well as any other increase in Fortinet equity.Revenues are reported on Fortinet income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Fortinet income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Investing Opportunities.Fortinet Weighted Average Shares is comparatively stable at the moment as compared to the past year. Fortinet reported Weighted Average Shares of 816 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 935 M in 2022, whereas Research and Development Expense is likely to drop slightly above 339.5 M in 2022.
 2019 2020 2021 2022 (projected)
Consolidated Income331.7 M488.5 M606.7 M654.6 M
Direct Expenses505.9 M570 M783 M844.82 M

Fortinet income statement Correlations

Fortinet Account Relationship Matchups

Fortinet income statement Accounts

201720182019202020212022 (projected)
Direct Expenses385.28 M450.4 M505.9 M570 M783 M844.82 M
Consolidated Income31.4 M334.9 M331.7 M488.5 M606.7 M654.6 M
Cost of Revenue385.3 M450.4 M505.9 M570 M783 M622.2 M
Earning Before Interest and Taxes EBIT124 M254.3 M386 M541.7 M635.8 M685.99 M
Earning Before Interest and Taxes USD124 M254.3 M386 M541.7 M635.8 M685.99 M
Gross Profit1.11 B1.35 B1.66 B2.02 B2.56 B2.76 B
Net Income31.4 M334.9 M331.7 M488.5 M606.8 M654.71 M
Net Income Common Stock31.4 M334.9 M331.7 M488.5 M606.8 M654.71 M
Net Income Common Stock USD31.4 M334.9 M331.7 M488.5 M606.8 M654.71 M
Operating Expenses999.8 M1.12 B1.31 B1.49 B1.91 B1.52 B
Operating Income109.8 M234.4 M351 M531.8 M650.4 M701.75 M
Revenues1.49 B1.8 B2.16 B2.59 B3.34 B3.61 B
Revenues USD1.49 B1.8 B2.16 B2.59 B3.34 B3.61 B
Research and Development Expense210.6 M244.5 M277.1 M341.4 M424.2 M339.54 M
Selling General and Administrative Expense788.9 M875.3 M1.03 B1.19 B1.49 B1.18 B
Weighted Average Shares871.5 M845.5 M855 M821 M816 M908.87 M
Weighted Average Shares Diluted890.5 M871 M875 M838.5 M835.5 M935.03 M
Income Tax Expense92.6 M(80.6 M)54.3 M53.2 M14.1 M18.49 M

Fortinet Investors Sentiment

The influence of Fortinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Fortinet's public news can be used to forecast risks associated with investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortinet's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Fortinet.

Fortinet Implied Volatility

    
  42.1  
Fortinet's implied volatility exposes the market's sentiment of Fortinet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortinet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortinet stock will not fluctuate a lot when Fortinet's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.

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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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

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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.