Fortinet Stock Performance
| FTNT Stock | USD 92.77 1.25 1.33% |
On a scale of 0 to 100, Fortinet holds a performance score of 13. The firm shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. Fortinet returns are very sensitive to returns on the market. As the market goes up or down, Fortinet is expected to follow. Please check Fortinet's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Fortinet's price patterns will revert.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Fortinet are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady basic indicators, Fortinet unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.86 | Five Day Return 2.48 | Year To Date Return 61.93 | Ten Year Return 1.6 K | All Time Return 5.5 K |
Last Split Factor 5:1 | Last Split Date 2022-06-23 |
1 | Fortinet Reports Q3 Earnings What Key Metrics Have to Say | 11/07/2024 |
2 | Fortinet to Host Analyst Day on its 15-Year IPO Anniversary | 11/11/2024 |
3 | What Makes Fortinet a Strong Momentum Stock Buy Now | 11/14/2024 |
4 | Fortinets five-year total shareholder returns outpace the underlying earnings growth | 11/18/2024 |
5 | Fortinet Targets 45 percent Growth-Margin Combo, 450 Million Refresh Boost Analysts See Big Upside | 11/19/2024 |
6 | Cantor Fitzgerald Forecasts Strong Price Appreciation for Fortinet Stock | 11/20/2024 |
7 | Fortinet, Inc. Eyes Major Growth with AI-Driven Cybersecurity and Upcoming Product Refresh | 11/21/2024 |
8 | Fortinet, Inc. Sees Price Target Boost Amid AI-Driven Cybersecurity Innovations | 11/22/2024 |
| Begin Period Cash Flow | 1.7 B |
Fortinet |
Fortinet Relative Risk vs. Return Landscape
If you would invest 7,597 in Fortinet on August 27, 2024 and sell it today you would earn a total of 1,680 from holding Fortinet or generate 22.11% return on investment over 90 days. Fortinet is currently generating 0.3318% in daily expected returns and assumes 2.0017% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% of stocks are less volatile than Fortinet, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Fortinet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortinet's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Fortinet, and traders can use it to determine the average amount a Fortinet's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1658
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | FTNT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.0 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Fortinet is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Fortinet by adding it to a well-diversified portfolio.
Fortinet Fundamentals Growth
Fortinet Stock prices reflect investors' perceptions of the future prospects and financial health of Fortinet, and Fortinet fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Fortinet Stock performance.
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.12 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.31 % | ||||
| Current Valuation | 68.4 B | ||||
| Shares Outstanding | 766.45 M | ||||
| Price To Earning | 58.79 X | ||||
| Price To Book | 78.30 X | ||||
| Price To Sales | 12.45 X | ||||
| Revenue | 5.3 B | ||||
| Gross Profit | 3.33 B | ||||
| EBITDA | 1.24 B | ||||
| Net Income | 1.15 B | ||||
| Cash And Equivalents | 1.73 B | ||||
| Cash Per Share | 2.21 X | ||||
| Total Debt | 1.07 B | ||||
| Debt To Equity | 4.24 % | ||||
| Current Ratio | 1.07 X | ||||
| Book Value Per Share | 1.19 X | ||||
| Cash Flow From Operations | 1.94 B | ||||
| Earnings Per Share | 1.99 X | ||||
| Market Capitalization | 71.1 B | ||||
| Total Asset | 7.26 B | ||||
| Retained Earnings | (1.86 B) | ||||
| Working Capital | 709.3 M | ||||
| Current Asset | 1.27 B | ||||
| Current Liabilities | 678.67 M | ||||
About Fortinet Performance
Assessing Fortinet's fundamental ratios provides investors with valuable insights into Fortinet's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Fortinet is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 143.03 | 150.18 | |
| Return On Tangible Assets | 0.16 | 0.17 | |
| Return On Capital Employed | 0.35 | 0.37 | |
| Return On Assets | 0.16 | 0.17 | |
| Return On Equity | (2.48) | (2.35) |
Things to note about Fortinet performance evaluation
Checking the ongoing alerts about Fortinet for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Fortinet help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Fortinet is unlikely to experience financial distress in the next 2 years | |
| About 70.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: Fortinet, Inc. Sees Price Target Boost Amid AI-Driven Cybersecurity Innovations |
- Analyzing Fortinet's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Fortinet's stock is overvalued or undervalued compared to its peers.
- Examining Fortinet's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Fortinet's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Fortinet's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Fortinet's stock. These opinions can provide insight into Fortinet's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Fortinet Stock Analysis
When running Fortinet's 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 the 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.