Fortinet Stock Today

FTNT -  USA Stock  

USD 287.74  1.90  0.66%

Market Performance
0 of 100
Odds Of Distress
Less than 1
Fortinet is selling for under 287.74 as of the 25th of May 2022; that is 0.66 percent up since the beginning of the trading day. The stock's last reported lowest price was 280.18. Fortinet has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Fortinet are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of May 2021 and ending today, the 25th of May 2022. Click here to learn more.
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. The company has 163.5 M outstanding shares of which 1.84 M shares are currently shorted by private and institutional investors with about 1.94 trading days to cover. More on Fortinet
Follow Valuation Options Odds of Bankruptcy
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Fortinet Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Fortinet's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Fortinet or challenge it. These highlights can help you better understand the position you are entering 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 is unlikely to experience financial distress in the next 2 years
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 www.marketscreener.com: Fortinet exotic insider transaction detected
Fortinet Fama & French Computers
Computers
Fama & French Classification
Fortinet SEC Filings
Fortinet SEC Filings Security & Exchange Commission EDGAR Reports
Co-Founder, Chairman and CEOKen Xie  (View All)
Thematic Classification
Currently Active Investing Idea (view all)
Computers
Average Analyst Recommendation
Analysts covering Fortinet report their recommendations after researching Fortinet's financial statements, talking to executives and customers, or listening in on Fortinet's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Fortinet. The Fortinet consensus assessment is calculated by taking the average forecast from all of the analysts covering Fortinet.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Fortinet based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Fortinet financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
 7 - StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares181.8 M163.2 M
Moderately Up
Increasing
Slightly volatile
Weighted Average Shares Diluted187 M167.1 M
Moderately Up
Increasing
Slightly volatile
Net Cash Flow from Operations1.6 B1.5 B
Significantly Up
Increasing
Slightly volatile
Total Assets6.4 B5.9 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities5.5 B5.1 B
Significantly Up
Increasing
Slightly volatile
Current Assets2.9 B3.6 B
Significantly Down
Increasing
Slightly volatile
Current Liabilities2.5 B2.3 B
Significantly Up
Increasing
Slightly volatile
Total Debt884.4 M889.6 M
Slightly Down
Decreasing
Slightly volatile
Return on Average Assets0.09470.107
Fairly Down
Increasing
Slightly volatile
Gross Margin0.830.766
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.670.588
Fairly Up
Increasing
Stable
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Fortinet's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Financial Strength
Fortinet's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Fortinet's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortinet's financial leverage. It provides some insight into what part of Fortinet's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Fortinet's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Fortinet deploys its capital and how much of that capital is borrowed.
Liquidity
Fortinet cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.06 B in liabilities with Debt to Equity (D/E) ratio of 1.32, which is about average as compared to similar companies. Fortinet has a current ratio of 1.52, which is within standard range for the sector. Debt can assist Fortinet until it has trouble settling it off, either with new capital or with free cash flow. So, Fortinet's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fortinet sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortinet to invest in growth at high rates of return. When we think about Fortinet's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.62 BillionShare
Fortinet (FTNT) is traded on NASDAQ Exchange in USA. It is located in 899 Kifer Road and employs 10,195 people. Fortinet is listed under Computers category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with current market capitalization of 46.64 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 conducts business under Technology sector and is part of Software—Infrastructure industry. The entity has 163.5 M outstanding shares of which 1.84 M shares are currently shorted by private and institutional investors with about 1.94 trading days to cover. Fortinet currently holds about 2.55 B in cash with 1.5 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 15.87.
Check Fortinet Probability Of Bankruptcy
Ownership
Fortinet holds a total of one hundred sixty-three million five hundred thousand outstanding shares. Over half of Fortinet outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Fortinet. Please watch out for any change in the institutional holdings of Fortinet as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Fortinet Ownership Details

Fortinet Stock Price Odds Analysis

What are Fortinet's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of Fortinet jumping above the current price in 90 days from now is about 77.27%. The Fortinet probability density function shows the probability of Fortinet stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.8368. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Fortinet will likely underperform. Additionally, the company has an alpha of 0.153, implying that it can generate a 0.15 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 287.74HorizonTargetOdds Above 287.74
22.61%90 days
 287.74 
77.27%
Based on a normal probability distribution, the odds of Fortinet to move above the current price in 90 days from now is about 77.27 (This Fortinet probability density function shows the probability of Fortinet Stock to fall within a particular range of prices over 90 days) .

Fortinet Stock 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.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares13.6 M4.6 B
Blackrock IncCommon Shares11.6 MB
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Fortinet Historical Income Statement

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 163.2 Million in 2021. Weighted Average Shares Diluted is likely to gain to about 187 M in 2022, whereas Research and Development Expense is likely to drop slightly above 339.5 M in 2022. View More Fundamentals

Fortinet Stock Against Markets

Picking the right benchmark for Fortinet stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Fortinet stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Fortinet is critical whether you are bullish or bearish towards Fortinet at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fortinet without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Fortinet Corporate Directors

Fortinet corporate directors refer to members of a Fortinet board of directors. The board of directors generally takes responsibility for the Fortinet's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Fortinet's board members must vote for the resolution. The Fortinet board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Peter Cohen - DirectorProfile
Ming Hsieh - Independent DirectorProfile
Chenming Hu - Independent DirectorProfile
William Neukom - Independent DirectorProfile

Investing Fortinet

You need to understand the risk of investing before taking a position in Fortinet. The danger of trading Fortinet is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Fortinet is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Fortinet. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Fortinet is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Global Correlations module to find global opportunities by holding instruments from different markets.

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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.
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.