FTNT Stock Overview
Provides cybersecurity and convergence of networking and security solutions worldwide.
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
Fortinet, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$59.15 |
| 52 Week High | US$81.24 |
| 52 Week Low | US$44.12 |
| Beta | 0.98 |
| 1 Month Change | -3.71% |
| 3 Month Change | -12.85% |
| 1 Year Change | -17.46% |
| 3 Year Change | 22.26% |
| 5 Year Change | 295.02% |
| Change since IPO | 3,458.97% |
Recent News & Updates
Fortinet, Inc.'s (NASDAQ:FTNT) Business Is Trailing The Market But Its Shares Aren't
Jun 09
Fortinet: Slow Growth Continues To Impact
Jun 06Fortinet: Growth And Cash Flow Headwinds
May 31Recent updates
Fortinet, Inc.'s (NASDAQ:FTNT) Business Is Trailing The Market But Its Shares Aren't
Jun 09Fortinet: Slow Growth Continues To Impact
Jun 06Fortinet: Growth And Cash Flow Headwinds
May 31Earnings Beat: Fortinet, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 09Fortinet: Market Overreaction Seems Unwarranted
May 08Why The 35% Return On Capital At Fortinet (NASDAQ:FTNT) Should Have Your Attention
Apr 29Fortinet Q1 Earnings Preview: It's All About SASE
Apr 26Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 32%?
Apr 13Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Mar 28Fortinet: Soft Demand Creating Elevated Stock Risk
Mar 25Fortinet: Adapting To New Dynamics Of Cybersecurity Industry
Mar 12At US$66.96, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Feb 23Fortinet: Excellent Business To Surf The Secular Trend, But Valuations Remain Enriched
Feb 13Fortinet, Inc. (NASDAQ:FTNT) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 08Fortinet: Don't Wait Until This Cybersecurity Leader Regains Its All-Time Highs
Feb 03There's Reason For Concern Over Fortinet, Inc.'s (NASDAQ:FTNT) Price
Jan 21Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 34% Above Its Share Price
Jan 08The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Dec 25Is Now The Time To Put Fortinet (NASDAQ:FTNT) On Your Watchlist?
Dec 11Is Fortinet (NASDAQ:FTNT) A Risky Investment?
Nov 13When Should You Buy Fortinet, Inc. (NASDAQ:FTNT)?
Oct 16An Intrinsic Calculation For Fortinet, Inc. (NASDAQ:FTNT) Suggests It's 39% Undervalued
Oct 02The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Sep 17Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Aug 27Fortinet (NASDAQ:FTNT) Has A Rock Solid Balance Sheet
Aug 13At US$78.92, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jul 16Calculating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)
Jul 02We Think Fortinet (NASDAQ:FTNT) Might Have The DNA Of A Multi-Bagger
Jun 18Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
May 22Fortinet (NASDAQ:FTNT) Seems To Use Debt Rather Sparingly
May 08What Is Fortinet, Inc.'s (NASDAQ:FTNT) Share Price Doing?
Apr 06Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 25% Below Their Intrinsic Value Estimate
Mar 22The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Mar 07Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
Feb 05At US$48.52, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jan 04Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 20Fortinet (NASDAQ:FTNT) Could Become A Multi-Bagger
Dec 05Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Oct 22Fortinet: Fairly Valued, Profitable And Growing Rapidly
Oct 04Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?
Sep 22Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)
Sep 04Fortinet: Still A Bit Frothy After 30% Haircut
Sep 01Fortinet, NEC to develop secure 5G networks for CSPs
Aug 23Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 17Shareholder Returns
| FTNT | US Software | US Market | |
|---|---|---|---|
| 7D | -1.0% | 3.6% | 1.6% |
| 1Y | -17.5% | 25.8% | 22.3% |
Return vs Industry: FTNT underperformed the US Software industry which returned 25.8% over the past year.
Return vs Market: FTNT underperformed the US Market which returned 22.3% over the past year.
Price Volatility
| FTNT volatility | |
|---|---|
| FTNT Average Weekly Movement | 4.3% |
| Software Industry Average Movement | 6.7% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in US Market | 15.5% |
| 10% least volatile stocks in US Market | 2.8% |
Stable Share Price: FTNT has not had significant price volatility in the past 3 months.
Volatility Over Time: FTNT's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | 13,522 | Ken Xie | www.fortinet.com |
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products. The company also provides the Fortinet Unified SASE solutions that include firewall, SD-WAN, Secure web gateway, cloud access services broker, data loss prevention, zero trust network access, and cloud security, including web application firewalls, virtualized firewalls, and cloud-native firewalls.
Fortinet, Inc. Fundamentals Summary
| FTNT fundamental statistics | |
|---|---|
| Market cap | US$46.52b |
| Earnings (TTM) | US$1.20b |
| Revenue (TTM) | US$5.40b |
37.7x
P/E Ratio8.4x
P/S RatioIs FTNT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FTNT income statement (TTM) | |
|---|---|
| Revenue | US$5.40b |
| Cost of Revenue | US$1.23b |
| Gross Profit | US$4.16b |
| Other Expenses | US$2.96b |
| Earnings | US$1.20b |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.57 |
| Gross Margin | 77.13% |
| Net Profit Margin | 22.23% |
| Debt/Equity Ratio | -722.0% |
How did FTNT perform over the long term?
See historical performance and comparison