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How to buy Fortinet (FTNT) shares in Australia

Learn how to easily invest in Fortinet shares.

Fortinet Inc (FTNT) is a leading software - infrastructure business with stocks listed in the US. It opened the day at US$64.77 after a previous close of US$64.66. During the day the price has varied from a low of USD63.528 to a high of USD65.01. The latest price was USD64.03 (25 minute delay). Fortinet is listed on the NASDAQ. All prices are listed in US Dollars.

How to buy shares in Fortinet

  1. Compare share trading platforms. To buy shares in a company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. Look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, which will typically include your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Fortinet. Find the share by name or ticker symbol: FTNT. Research its history to confirm it's a solid investment that matches your financial goals.
  4. 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 using consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$64.66, 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.
  6. 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.

Fortinet stock price (NASDAQ:FTNT)

Use our graph to track the performance of FTNT stocks over time.

Have Fortinet's shares ever split?

Fortinet's shares were split on a 5:1 basis on 22 June 2022. So if you had owned 1 share the day before the split, the next day you would own 5 shares. This wouldn't directly have changed the overall worth of your Fortinet shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Fortinet shares which in turn could have impacted Fortinet's share price.

Fortinet shares at a glance

Information last updated 2024-04-18.
OpenUS$64.77
HighUS$65.01
LowUS$63.528
CloseUS$64.03
Previous closeUS$64.66
Change US$-0.63
Change % -0.9743%
Volume 3,058,673
Information last updated 2024-04-11.
52-week rangeUS$44.12 - US$81.24
50-day moving average US$68.766
200-day moving average US$63.1788
Target priceUS$75.6
PE ratio 46.6644
Dividend yield N/A (0%)
Earnings per share (TTM) US$1.46

Fortinet share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

Fortinet price performance over time

Historical closes compared with the last close of $64.03

1 week (2024-04-12) -3.64%
1 month (2024-03-19) -5.55%
3 months (2024-01-19) 5.14%
6 months (2023-10-19) 10.84%
1 year (2023-04-19) -4.89%
2 years (2022-04-19) -4.49%
3 years (2021-04-19) 55.31%
5 years (2019-04-18) 251.50%

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Fortinet stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.

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 47x. In other words, Fortinet shares trade at around 47x 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 1.833. 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

Fortinet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$1.3 billion (£1.1 billion).

The EBITDA is a measure of a Fortinet's overall financial performance and is widely used to measure stock profitability.

Fortinet share price volatility

Over the last 12 months, Fortinet's shares have ranged in value from as little as US$44.12 up to US$81.24. A popular way to gauge a stock's volatility is its "beta".

FTNT.US volatility(beta: 1.08)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Fortinet's is 1.084. 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 financials

Revenue TTM US$5.3 billion
Operating margin TTM 27.15%
Gross profit TTM US$3.3 billion
Return on assets TTM 11.46%
Return on equity TTM 78.99%
Profit margin 21.64%
Book value -0.609
Market capitalisation US$52 billion

TTM: trailing 12 months

Fortinet share dividends

We're not expecting Fortinet to pay a dividend over the next 12 months.

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

Fortinet Inc was last rated for ESG on: 2019-01-01.

Total ESG score 22.91
Total ESG percentile 25.9
Environmental score 0.36
Environmental score percentile 2
Social score 14.43
Social score percentile 2
Governance score 7.12
Governance score percentile 2
Level of controversy 2

Fortinet overview

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. In addition, it offers security operations solutions comprising FortiAI generative AI assistant, FortiSIEM security information and event management, FortiSOAR security orchestration, automation and response, FortiEDR endpoint detection and response, FortiXDR extended detection and response, FortiMDR managed detection and response service, FortiNDR network detection and response, FortiRecon digital risk protection, FortiDeceptor deception technology, FortiGuard SoCaaS, FortiSandbox sandboxing, FortiGuard incident response, and other products. Further, the company offers FortiGuard security services consisting of FortiGuard application security, content security, device security, NOC/SOC security, and web security services; FortiCare technical support services; and training services to customers and channel partners, as well as operates a FortiGuard Lab, a cybersecurity threat intelligence and research organization. It serves enterprise, communication and security service providers, government organizations, and small and medium-sized businesses. The company was incorporated in 2000 and is headquartered in Sunnyvale, California.

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