Fortinet Stock Analysis

FTNT
 Stock
  

USD 60.01  1.01  1.71%   

Fortinet price drop over the last few months could raise concerns from private investors as the firm is trading at a share price of 60.01 on 3,227,271 in volume. The company directors and management were not very successful in positioning the firm resources to exploit market volatility in June. However, diversifying your holdings with Fortinet or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.37. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Fortinet partners.
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The Fortinet stock analysis report makes it easy to digest most publicly released information about Fortinet and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Fortinet Stock analysis module also helps to analyze the Fortinet price relationship with some important fundamental indicators such as market cap and management efficiency.

Fortinet Stock Analysis Notes

About 18.0% of the company shares are held by company insiders. The company has Price/Earnings To Growth (PEG) ratio of 2.52. Fortinet had not issued any dividends in recent years. The entity had 2:1 split on the 2nd of June 2011. 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 10195 people. To learn more about Fortinet call Ken Xie at 408 235-7737 or check out www.fortinet.com.

Fortinet Quarterly Cost of Revenue

253.8 Million

Fortinet Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Fortinet's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortinet or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Fortinet generated a negative expected return over the last 90 days
Fortinet has high historical volatility and very poor performance
Fortinet has a strong financial position based on the latest SEC filings
About 69.0% of the company shares are owned by institutional investors
Latest headline from crowdwisdom.live: FTNT Stock Forecast Promising Bullish Trend after the Split - www.crowdwisdom.live

Fortinet Upcoming and Recent Events

Earnings reports are used by Fortinet to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Fortinet previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Fortinet Largest EPS Surprises

Earnings surprises can significantly impact Fortinet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2014-07-23
2014-06-300.10.110.0110 
2011-07-19
2011-06-300.080.090.0112 
2010-04-28
2010-03-310.030.040.0133 
View All Earnings Estimates

Fortinet SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Fortinet prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Fortinet investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Fortinet specific information freely available to individual and institutional investors to make a timely investment decision.
22nd of June 2022
Financial Statements and Exhibits. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year
View
21st of June 2022
Submission of Matters to a Vote of Security Holders
View
4th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
2nd of May 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
22nd of April 2022
Other Events
View
14th of February 2022
Unclassified Corporate Event
View
10th of February 2022
Unclassified Corporate Event
View
9th of February 2022
Unclassified Corporate Event
View

Fortinet Thematic Classifications

In addition to having Fortinet stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Computers IdeaComputers
USA Equities from Computers industry as classified by Fama & French

Fortinet Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 9.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortinet's market, we take the total number of its shares issued and multiply it by Fortinet's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Fortinet Profitablity

Fortinet's profitability indicators refer to fundamental financial ratios that showcase Fortinet's ability to generate income relative to its revenue or operating costs. If, let's say, Fortinet is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Fortinet's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Fortinet's profitability requires more research than a typical breakdown of Fortinet's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 18.16 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 21.85 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.22.
Last ReportedProjected for 2022
Return on Investment 49.18  53.06 
Return on Average Assets 0.11  0.09 
Return on Average Equity 0.62  0.67 
Return on Invested Capital 0.24  0.27 
Return on Sales 0.19  0.17 

Management Efficiency

The entity has return on total asset (ROA) of 8.1 % which means that it generated profit of $8.1 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 73.34 %, meaning that it created $73.34 on every $100 dollars invested by stockholders. Fortinet management efficiency ratios could be used to measure how well fortinet manages its routine affairs as well as how well it operates its assets and liabilities. Fortinet Return on Investment is comparatively stable at the moment as compared to the past year. Fortinet reported Return on Investment of 49.18 in 2021. Return on Average Equity is likely to gain to 0.67 in 2022, whereas Return on Average Assets are likely to drop 0.09 in 2022. Total Liabilities is likely to gain to about 5.5 B in 2022. Current Liabilities is likely to gain to about 2.5 B in 2022
Last ReportedProjected for 2022
Book Value per Share 0.96  1.03 
Enterprise Value over EBIT 91.00  92.58 
Enterprise Value over EBITDA 80.42  70.19 
Price to Book Value 75.17  81.11 
Tangible Assets Book Value per Share 7.02  7.58 
Enterprise Value57.9 B62.5 B
Tangible Asset Value5.7 B6.2 B

Technical Drivers

As of the 6th of July, Fortinet shows the coefficient of variation of (1,926), and Mean Deviation of 2.54. Fortinet technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Fortinet, which can be compared to its rivals. Please confirm Fortinet variance and potential upside to decide if Fortinet is priced favorably, providing market reflects its regular price of 60.01 per share. Given that Fortinet has jensen alpha of 0.1353, we urge you to verify Fortinet's prevailing market performance to make sure the company can sustain itself at a future point.

Fortinet Price Movement Analysis

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two.
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Fortinet Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Fortinet insiders, such as employees or executives, is commonly permitted as long as it does not rely on Fortinet's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Fortinet insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Fortinet Predictive Daily Indicators

Fortinet intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Fortinet stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Fortinet Forecast Models

Fortinet time-series forecasting models is one of many Fortinet's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Fortinet's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Fortinet Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Fortinet stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Fortinet shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Fortinet. By using and applying Fortinet Stock analysis, traders can create a robust methodology for identifying Fortinet entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 19.32  17.65 
EBITDA Margin 0.21  0.21 
Gross Margin 0.77  0.83 
Profit Margin 0.18  0.15 
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 10195 people.

Current Fortinet Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Fortinet analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Fortinet analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
346.05Hold20Odds
Fortinet current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Fortinet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fortinet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fortinet, talking to its executives and customers, or listening to Fortinet conference calls.
Fortinet Analyst Advice Details

Fortinet Stock Analysis Indicators

Fortinet stock analysis indicators help investors 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 understating and applying Fortinet stock analysis, traders can identify Fortinet position entry and exit signals to maximize returns.
Quick Ratio1.45
Fifty Two Week Low47.27
Revenue Growth28.80%
Average Daily Volume Last 10 Day5.81M
Shares Short Prior Month2.13M
Average Daily Volume In Three Month6.51M
Earnings Growth34.80%
Shares Percent Shares Out1.15%
Earnings Quarterly Growth35.70%
Gross Margins76.57%
Forward Price Earnings9.36
Short Percent Of Float1.41%
Float Shares136.54M
Fifty Two Week High74.35
Fifty Day Average57.91
Enterprise Value To Ebitda61.62
Two Hundred Day Average62.37
Enterprise Value To Revenue13.46
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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
46 B
Quarterly Revenue Growth YOY
0.34
Return On Assets
0.0772
Return On Equity
1.05
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.