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Fortinet, Inc (FTNT) is a leading software-infrastructure business with stocks listed in the US. It opened the day at US$228.01 after a previous close of US$228.95. During the day the price has varied from a low of USD227.22 to a high of USD229.39. The latest price was USD228.94 (25 minute delay). Fortinet is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in Fortinet
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Fortinet. Find the share by name or ticker symbol: FTNT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Fortinet reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$221.76, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Fortinet, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Fortinet. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Fortinet key stats
- Compare share trading platforms
- Is Fortinet stock a buy or sell?
- Fortinet performance over time
- Can I short Fortinet shares?
- Is Fortinet suitable for ethical investing?
- Are Fortinet shares over-valued?
- Fortinet's financials
- How volatile are Fortinet shares?
- Does Fortinet pay a dividend?
- Have Fortinet shares ever split?
- Other common questions
Fortinet share priceUse our graph to track the performance of FTNT stocks over time.
Fortinet shares at a glance
|52-week range||US$106.75 - US$229.52|
|50-day moving average||US$208.6579|
|200-day moving average||US$172.3092|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$2.956|
Compare share trading platforms to buy stock
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Is it a good time to buy Fortinet stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Fortinet price performance over time
|1 month (2021-05-12)||16.20%|
|3 months (2021-03-12)||21.55%|
|6 months (2020-12-11)||78.36%|
|1 year (2020-06-12)||75.65%|
|2 years (2019-06-12)||197.36%|
|3 years (2018-06-12)||257.10%|
|5 years (2016-06-10)||579.35%|
Is Fortinet under- or over-valued?
Valuing Fortinet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Fortinet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Fortinet's P/E ratio
Fortinet's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 76x. In other words, Fortinet shares trade at around 76x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Fortinet's PEG ratio
Fortinet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.6256. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fortinet's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Fortinet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$600.7 million.
The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$2.7 billion|
|Operating margin TTM||19.52%|
|Gross profit TTM||US$2 billion|
|Return on assets TTM||7.84%|
|Return on equity TTM||64.74%|
|Market capitalisation||US$36.8 billion|
TTM: trailing 12 months
Shorting Fortinet shares
There are currently 2.3 million Fortinet shares held short by investors – that's known as Fortinet's "short interest". This figure is 11.9% down from 2.6 million last month.
There are a few different ways that this level of interest in shorting Fortinet shares can be evaluated.
Fortinet's "short interest ratio" (SIR)
Fortinet's "short interest ratio" (SIR) is the quantity of Fortinet shares currently shorted divided by the average quantity of Fortinet shares traded daily (recently around 1.1 million). Fortinet's SIR currently stands at 2.07. In other words for every 100,000 Fortinet shares traded daily on the market, roughly 2070 shares are currently held short.
However Fortinet's short interest can also be evaluated against the total number of Fortinet shares, or, against the total number of tradable Fortinet shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Fortinet's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Fortinet shares in existence, roughly 10 shares are currently held short) or 0.0172% of the tradable shares (for every 100,000 tradable Fortinet shares, roughly 17 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Fortinet.
Find out more about how you can short Fortinet stock.
Fortinet's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Fortinet.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Fortinet's total ESG risk score
Total ESG risk: 22.91
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Fortinet's overall score of 22.91 (as at 12/31/2018) is pretty good – landing it in it in the 26th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Fortinet is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Fortinet's environmental score
Environmental score: 0.36/100
Fortinet's environmental score of 0.36 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Fortinet is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Fortinet's social score
Social score: 14.43/100
Fortinet's social score of 14.43 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Fortinet is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Fortinet's governance score
Governance score: 7.12/100
Fortinet's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that Fortinet is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Fortinet's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Fortinet scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Fortinet has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||22.91|
|Total ESG percentile||25.9|
|Environmental score percentile||2|
|Social score percentile||2|
|Governance score percentile||2|
|Level of controversy||2|
Fortinet share dividends
We're not expecting Fortinet to pay a dividend over the next 12 months.
Have Fortinet's shares ever split?
Fortinet's shares were split on a 2:1 basis on 1 June 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Fortinet shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Fortinet shares which in turn could have impacted Fortinet's share price.
Fortinet share price volatility
Over the last 12 months, Fortinet's shares have ranged in value from as little as US$106.75 up to US$229.52. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Fortinet's is 1.1054. This would suggest that Fortinet's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. The company provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. The company was founded in 2000 and is headquartered in Sunnyvale, California.
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