Fortinet Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $60.7
- Today's High:
- $62.47
- Open Price:
- $61.72
- 52W Low:
- $42.61
- 52W High:
- $71.516
- Prev. Close:
- $61.88
- Volume:
- 8196300
Company Statistics
- Market Cap.:
- $48.00 billion
- Book Value:
- -0.36
- Revenue TTM:
- $4.42 billion
- Operating Margin TTM:
- 21.85%
- Gross Profit TTM:
- $3.33 billion
- Profit Margin:
- 19.41%
- Return on Assets TTM:
- 9.93%
- Return on Equity TTM:
- 33.15%
Company Profile
Fortinet Inc had its IPO on 2009-11-18 under the ticker symbol FTNT.
The company operates in the Technology sector and Software-Infrastructure industry. Fortinet Inc has a staff strength of 12,595 employees.
Stock update
Shares of Fortinet Inc opened at $61.72 at the start of the last trading session i.e. 2023-03-19.
The stocks traded within a range of $60.7 - $62.47, and closed at $61.22.
This is a -1.07% slip from the previous day's closing price.
A total volume of 8,196,300 shares were traded at the close of the day’s session.
In the last one week, shares of Fortinet Inc have increased by +2.12%.
Fortinet Inc's Key Ratios
Fortinet Inc has a market cap of $48.00 billion, indicating a price to book ratio of 231.8316 and a price to sales ratio of 9.9456.
In the last 12-months Fortinet Inc’s revenue was $4.42 billion with a gross profit of $3.33 billion and an EBITDA of $1.07 billion. The EBITDA ratio measures Fortinet Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Fortinet Inc’s operating margin was 21.85% while its return on assets stood at 9.93% with a return of equity of 33.15%.
In Q4, Fortinet Inc’s quarterly earnings growth was a positive 63.7% while revenue growth was a positive 33.1%.
Fortinet Inc’s PE and PEG Ratio
- Forward PE
- 39.3701
- Trailing PE
- 57.215
- PEG
- 1.9857
Its diluted EPS in the last 12-months stands at $1.07 per share while it has a forward price to earnings multiple of 39.3701 and a PEG multiple of 1.9857. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Fortinet Inc’s profitability.
Fortinet Inc stock is trading at a EV to sales ratio of 10.1652 and a EV to EBITDA ratio of 45.5319. Its price to sales ratio in the trailing 12-months stood at 9.9456.
Fortinet Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $6.23 billion
- Total Liabilities
- $3.08 billion
- Operating Cash Flow
- $217.40 million
- Capital Expenditure
- $30.90 million
- Dividend Payout Ratio
- 0%
Fortinet Inc ended 2023 with $6.23 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.23 billion while shareholder equity stood at $-281600000.00.
Fortinet Inc ended 2023 with $2.29 billion in deferred long-term liabilities, $3.08 billion in other current liabilities, 800000.00 in common stock, $-1546400000.00 in retained earnings and $128.00 million in goodwill. Its cash balance stood at $1.68 billion and cash and short-term investments were $2.19 billion. The company’s total short-term debt was $0 while long-term debt stood at $990.40 million.
Fortinet Inc’s total current assets stands at $3.81 billion while long-term investments were $45.50 million and short-term investments were $502.60 million. Its net receivables were $1.26 billion compared to accounts payable of $243.40 million and inventory worth $264.60 million.
In 2023, Fortinet Inc's operating cash flow was $217.40 million while its capital expenditure stood at $30.90 million.
Comparatively, Fortinet Inc paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- $61.22
- 52-Week High
- $71.516
- 52-Week Low
- $42.61
- Analyst Target Price
- $69.32
Fortinet Inc stock is currently trading at $61.22 per share. It touched a 52-week high of $71.516 and a 52-week low of $71.516. Analysts tracking the stock have a 12-month average target price of $69.32.
Its 50-day moving average was $55.82 and 200-day moving average was $54.21 The short ratio stood at 2.21 indicating a short percent outstanding of 0%.
Around 1873.6% of the company’s stock are held by insiders while 7064.4% are held by institutions.
Frequently Asked Questions About Fortinet Inc
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About
Fortinet, Inc. provides cybersecurity and networking solutions worldwide. 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 centralized network logging, analyzing and reporting solutions. 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; FortiAuthenticator, a zero trust access solution; FortiGate VM, a network firewall virtual appliance; FortiToken, product family for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both machine-learning anti-malware protection and remediation. It 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 incorporated in 2000 and is headquartered in Sunnyvale, California.