Fortinet Stock Price History Breakdown

FTNT
 Stock
  

USD 54.29  1.77  3.37%   

As of today, the current price of Fortinet is  54.29 , as last reported on the 13th of August 2022, with the highest price reaching  54.41  and the lowest price hitting  52.79  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-seven technical indicators for Fortinet, which you can use to evaluate the future volatility of the firm. Please confirm Fortinet Coefficient Of Variation of 2965.4, mean deviation of 2.49, and Downside Deviation of 4.42 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
0.84
Shares Short
10.1 M
Revenue Per Share
4.72

Fortinet August 13, 2022 Stock Price Synopsis

Fortinet Price Daily Balance Of Power 1.09 
Fortinet Price Rate Of Daily Change 1.03 
Fortinet Price Action Indicator 1.57 
Fortinet Accumulation Distribution 149,051 

Fortinet August 13, 2022 Stock Price Analysis

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When benchmark price declines in a down market, there may be an uptick in Fortinet Stock price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use Fortinet intraday prices and daily technical indicators to check the level of noise trading in Fortinet Stock and then apply it to test your longer-term investment strategies against Fortinet.

Fortinet Stock Price History Chart

There are several ways to analyze Fortinet Stock price data. The simplest method is using a basic Fortinet candlestick price chart, which shows Fortinet price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.

90 Days Highest PriceAugust 3, 202262.88
90 Days Lowest PriceAugust 9, 202252.19

Fortinet Stock Price History Data

The price series of Fortinet for the period between Sun, May 15, 2022 and Sat, Aug 13, 2022 has a statistical range of 10.69 with a coefficient of variation of 5.13. Under current investment horizon, the daily prices are spread out with arithmetic mean of 57.48. The median price for the last 90 days is 57.66. The company completed 2:1 stock split on 2nd of June 2011.
OpenHighLowCloseVolume
08/13/2022 53.07  54.41  52.79  54.29  5,006,100 
08/12/2022 53.07  54.41  52.79  54.29  4,973,252 
08/11/2022 54.29  54.87  52.41  52.52  5,417,603 
08/10/2022 54.04  54.32  53.34  53.89  6,172,848 
08/09/2022 52.91  53.36  51.90  52.19  4,388,200 
08/08/2022 53.52  54.37  53.17  53.32  6,146,546 
08/05/2022 52.00  53.45  51.24  53.39  11,775,502 
08/04/2022 56.83  56.93  52.00  52.61  19,654,082 
08/03/2022 61.19  63.16  60.83  62.88  6,272,160 
08/02/2022 59.55  61.03  59.41  60.37  3,902,646 
08/01/2022 59.03  60.95  58.58  60.06  3,959,856 
07/29/2022 59.46  59.92  58.53  59.65  4,803,939 
07/28/2022 58.26  59.63  57.35  59.40  3,881,444 
07/27/2022 57.31  58.54  56.35  57.93  4,260,806 
07/26/2022 61.21  61.21  55.21  56.26  6,495,785 
07/25/2022 61.18  61.24  59.95  61.00  3,182,792 
07/22/2022 62.32  63.38  60.91  61.23  2,397,169 
07/21/2022 59.97  61.93  59.02  61.86  3,780,271 
07/20/2022 59.53  60.63  58.84  59.64  5,217,818 
07/19/2022 59.32  59.59  58.34  59.20  7,117,328 
07/18/2022 60.43  60.90  57.78  58.00  4,793,500 
07/15/2022 58.08  60.57  58.08  60.22  4,738,020 
07/14/2022 58.29  58.31  55.58  57.64  4,580,303 
07/13/2022 58.10  59.91  57.44  58.91  3,736,379 
07/12/2022 63.00  63.56  59.14  59.62  5,610,976 
07/11/2022 62.23  62.64  61.37  62.28  3,458,013 
07/08/2022 61.26  63.10  60.59  62.70  3,675,229 
07/07/2022 60.25  61.92  59.81  61.62  5,455,390 
07/06/2022 59.52  60.60  59.09  59.87  4,037,280 
07/05/2022 56.13  59.20  56.04  59.00  3,437,558 
07/01/2022 56.40  57.63  55.78  57.37  2,661,511 
06/30/2022 56.75  57.35  55.85  56.58  4,280,008 
06/29/2022 57.25  57.94  56.45  57.17  3,347,135 
06/28/2022 59.61  60.59  57.19  57.29  4,749,732 
06/27/2022 58.97  60.39  57.58  58.85  3,176,252 
06/24/2022 57.51  59.37  56.38  59.13  7,931,002 
06/23/2022 56.20  57.36  55.19  56.80  4,592,399 
06/22/2022 55.20  56.91  55.10  55.69  4,010,265 
06/21/2022 55.18  57.00  55.09  56.20  5,768,780 
06/17/2022 52.62  54.30  52.60  53.80  11,751,785 
06/16/2022 270.44  53.71  51.74  52.75  5,730,770 
06/15/2022 272.45  56.48  54.48  55.50  5,361,810 
06/14/2022 268.74  54.84  52.83  53.85  4,913,635 
06/13/2022 277.99  54.25  52.29  53.30  6,938,990 
06/10/2022 297.96  58.62  56.66  57.66  6,869,950 
06/09/2022 302.56  61.67  59.68  60.70  5,970,115 
06/08/2022 304.10  60.89  59.31  60.11  3,418,410 
06/07/2022 293.72  62.07  60.03  61.08  4,148,535 
06/06/2022 300.92  60.38  58.39  59.39  3,275,255 
06/03/2022 298.12  60.12  58.52  59.33  4,924,775 
06/02/2022 289.56  61.64  59.59  60.64  5,512,875 
06/01/2022 296.26  58.78  56.81  57.81  5,257,095 
05/31/2022 297.27  59.62  58.01  58.83  9,865,815 
05/27/2022 297.15  60.57  58.55  59.57  9,173,310 
05/26/2022 287.69  59.85  57.83  58.86  6,211,575 
05/25/2022 280.95  58.45  56.44  57.46  6,623,590 
05/24/2022 282.04  58.09  56.13  57.17  8,979,405 
05/23/2022 286.45  58.25  56.26  57.27  7,019,060 
05/20/2022 286.30  58.04  56.00  57.06  11,467,860 
05/19/2022 267.59  56.01  54.00  55.03  8,350,415 
05/18/2022 276.58  55.07  53.11  54.12  11,199,055 

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...

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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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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
41.4 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.