FTNT:NSD-Fortinet Inc (USD)

COMMON STOCK | Software - Infrastructure |

Last Closing

USD 81.07

Change

0.00 (0.00)%

Market Cap

USD 63.21B

Volume

2.96M

Analyst Target

USD 139.36
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

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Relative Returns (From:    To: 2024-10-20 )

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ETFs Containing FTNT

CYBR:CA Evolve Cyber Security Ind.. 9.43 % 0.67 %

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CAD 0.15B
ISPY:LSE L&G Cyber Security UCITS .. 7.80 % 0.00 %

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USD 2.62B
USPY:XETRA L&G Cyber Security UCITS .. 7.68 % 0.00 %

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USD 2.62B
ISPY:SW L&G Cyber Security UCITS .. 7.68 % 0.00 %

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USD 2.44B
BUG Global X Cybersecurity ET.. 6.99 % 0.00 %

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USD 0.78B
BUG:LSE Global X Cybersecurity UC.. 6.99 % 0.00 %

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USD 0.04B
BUGG:AU Global X Cybersecurity ET.. 6.65 % 0.00 %

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BUG:XETRA Global X Cybersecurity UC.. 6.63 % 0.00 %

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USD 0.02B
CYBR-B:CA Evolve Cyber Security Ind.. 6.50 % 0.00 %

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CYBP:LSE Rize UCITS ICAV - Rize Cy.. 6.28 % 0.00 %

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USD 0.11B
RCRS:XETRA Rize UCITS ICAV - Rize Cy.. 6.20 % 0.00 %

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USD 0.13B
CBUG:CA CI Digital Security Index.. 5.88 % 0.00 %

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CAD 2.72M
BUGU:SW Global X Cybersecurity UC.. 5.39 % 0.00 %

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PSWD Xtrackers Cybersecurity S.. 5.38 % 0.00 %

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USD 6.15M
BUGG:LSE Global X Cybersecurity UC.. 5.24 % 0.00 %

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HACK Amplify ETF Trust 5.14 % 0.60 %

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USD 1.73B
W1TB:XETRA WisdomTree Cybersecurity .. 5.00 % 0.00 %

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USD 0.19B
WCBR:SW WisdomTree Cybersecurity .. 5.00 % 0.00 %

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USD 0.20B
WCBR:LSE WisdomTree Cybersecurity .. 4.99 % 0.00 %

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USD 0.20B
IHAK iShares Cybersecurity and.. 4.99 % 0.00 %

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USD 0.92B
XHAK:CA iShares Cybersecurity and.. 4.93 % 0.00 %

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CAD 0.02B
ASWC:XETRA HANetf ICAV - Future of D.. 4.88 % 0.00 %

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USD 0.53B
CYBR:SW Rize UCITS ICAV - Rize Cy.. 4.85 % 0.00 %

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USPY:F Legal & General UCITS ETF.. 4.69 % 0.00 %

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HACK:AU Betashares Global Cyberse.. 4.03 % 0.00 %

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USD 0.94B
CBRS:XETRA First Trust Nasdaq Cybers.. 4.01 % 0.00 %

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USD 0.43B
DATA:CA Evolve Cloud Computing In.. 2.83 % 0.00 %

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CAD 0.02B
2B79:F iShares Digitalisation UC.. 2.65 % 0.00 %

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AQGX 2.61 % 0.00 %

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EMOT First Trust Exchange-Trad.. 2.50 % 0.00 %

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USD 3.19M
QTEC First Trust NASDAQ-100-Te.. 2.45 % 0.57 %

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USD 3.94B
QGRO American Century U.S. Qua.. 2.09 % 0.00 %

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USD 0.93B
FITE SPDR S&P Kensho Future Se.. 2.03 % 0.20 %

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USD 0.07B
DRUP:F Lyxor Index Fund - Lyxor .. 1.77 % 0.00 %

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USD 0.18B
EDGE:CA Evolve Innovation Index F.. 1.59 % 0.60 %

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CAD 0.04B
IQCT:LSE Amundi Index Solutions - .. 1.48 % 0.00 %

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USD 0.07B
AMEC:XETRA Amundi Index Solutions - .. 1.40 % 0.00 %

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USD 9.60M
SCITY:PA 1.40 % 0.00 %

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SCITY:SW Amundi Index Solutions - .. 1.40 % 0.00 %

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USD 0.07B
WEBA:XETRA Amundi US Tech 100 Equal .. 1.31 % 0.00 %

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USD 0.62B
CIBR First Trust NASDAQ Cybers.. 0.00 % 0.00 %

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USD 6.97B
JKH iShares Morningstar Mid-C.. 0.00 % 0.30 %

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PXLG Invesco S&P 500 GARP ETF 0.00 % 0.39 %

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XKFS SPDR Kensho Future Securi.. 0.00 % 0.20 %

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CMUE:CA 0.00 % 0.00 %

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GDAT 0.00 % 0.00 %

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CMUE-F:CA 0.00 % 0.00 %

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SPDN Direxion Daily S&P 500® .. 0.00 % 0.45 %

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USD 0.16B
2B79:XETRA iShares Digitalisation UC.. 0.00 % 0.00 %

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USD 1.01B
CYBR-U:CA 0.00 % 0.00 %

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FEVR 0.00 % 0.00 %

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WCBR WisdomTree Cybersecurity .. 0.00 % 0.00 %

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USD 0.11B
LYFE 0.00 % 0.00 %

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DATA-B:CA Evolve Cloud Computing In.. 0.00 % 0.00 %

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CAD 0.02B
EDGE-U:CA Evolve Innovation Index F.. 0.00 % 0.00 %

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CIBR:LSE First Trust Nasdaq Cybers.. 0.00 % 0.00 %

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USD 0.79B
CYSE:LSE WisdomTree Cybersecurity .. 0.00 % 0.00 %

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USD 0.20B
FCBR:LSE First Trust Nasdaq Cybers.. 0.00 % 0.00 %

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USD 0.79B
BBIG:CA 0.00 % 0.00 %

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Market Performance

  Market Performance vs. Industry/Classification (Software - Infrastructure) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -86.15% 2% F 3% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -86.15% 2% F 3% F
Trailing 12 Months  
Capital Gain -85.62% 3% F 3% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -85.62% 3% F 3% F
Trailing 5 Years  
Capital Gain -47.38% 24% F 24% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -47.38% 24% F 25% F
Average Annual (5 Year Horizon)  
Capital Gain 35.22% 80% B- 84% B
Dividend Return 35.22% 80% B- 84% B
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 55.89% 42% F 33% F
Risk Adjusted Return 63.02% 90% A- 85% B
Market Capitalization 63.21B 95% A 98% N/A

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Overpriced on cashflow basis

The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.