FTNT:NSD-Fortinet Inc (USD)

COMMON STOCK | Software - Infrastructure |

Last Closing

USD 106.8

Change

+0.32 (+0.30)%

Market Cap

USD 83.06B

Volume

4.95M

Analyst Target

USD 139.36
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company 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. It 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 network security, including web application firewalls, virtualized firewalls, and cloud-native firewalls. In addition, the company 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, FortiNDR network detection and response, FortiRecon, FortiDeceptor, FortiGuard SoCaaS, FortiSandbox, FortiGuard incident response, and other products. Further, it 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. The company serves enterprise, communication and security service providers, government organizations. 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: 2025-03-05 )

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ETFs Containing FTNT

BUG:LSE Global X Cybersecurity UC.. 7.38 % 0.00 %

+0.23 (+0.61%)

USD 0.04B
BUG:XETRA Global X Cybersecurity UC.. 6.84 % 0.00 %

-0.14 (0.61%)

USD 0.02B
BUGG:AU Global X Cybersecurity ET.. 6.75 % 0.00 %

-0.01 (0.61%)

N/A
CYBR-B:CA Evolve Cyber Security Ind.. 6.50 % 0.00 %

+0.73 (+0.61%)

N/A
USPY:LSE L&G Cyber Security UCITS .. 5.61 % 0.00 %

+0.36 (+0.61%)

USD 2.61B
WCBR:SW WisdomTree Cybersecurity .. 5.45 % 0.00 %

N/A

USD 0.26B
BUGU:SW Global X Cybersecurity UC.. 5.39 % 0.00 %

+0.04 (+0.61%)

N/A
W1TB:XETRA WisdomTree Cybersecurity .. 5.37 % 0.00 %

+0.02 (+0.61%)

USD 0.19B
BUGG:LSE Global X Cybersecurity UC.. 5.24 % 0.00 %

+0.02 (+0.61%)

N/A
CYBP:LSE Rize UCITS ICAV - Rize Cy.. 5.12 % 0.00 %

+3.20 (+0.61%)

USD 0.12B
ISPY:SW L&G Cyber Security UCITS .. 5.08 % 0.00 %

+0.16 (+0.61%)

USD 2.73B
CYBR:SW Rize UCITS ICAV - Rize Cy.. 4.85 % 0.00 %

-0.01 (0.61%)

N/A
CBUG:CA CI Digital Security Index.. 4.82 % 0.00 %

-0.02 (0.61%)

CAD 4.37M
USPY:F Legal & General UCITS ETF.. 4.69 % 0.00 %

N/A

N/A
PSWD Xtrackers Cybersecurity S.. 4.57 % 0.00 %

+0.72 (+0.61%)

USD 7.38M
ASWC:XETRA HANetf ICAV - Future of D.. 4.29 % 0.00 %

+0.14 (+0.61%)

USD 1.15B
XHAK:CA iShares Cybersecurity and.. 4.10 % 0.00 %

-0.17 (0.61%)

CAD 0.02B
HACK:AU Betashares Global Cyberse.. 3.95 % 0.00 %

-0.06 (0.61%)

USD 0.94B
QQQG Pacer Nasdaq 100 Top 50 C.. 3.69 % 0.00 %

+0.13 (+0.61%)

USD 2.69M
TRFK Pacer Funds Trust 3.27 % 0.00 %

+0.71 (+0.61%)

USD 0.06B
AQGX 2.61 % 0.00 %

N/A

N/A
LOCK:SW iShares Digital Security .. 2.16 % 0.00 %

+0.17 (+0.61%)

N/A
FLCV Federated Hermes ETF Trus.. 1.94 % 0.00 %

+0.23 (+0.61%)

USD 0.02B
UFSD:LSE iShares Edge MSCI USA Mul.. 1.74 % 0.00 %

+0.03 (+0.61%)

USD 1.76M
RSPT Invesco S&P 500 Equal Wei.. 1.65 % 0.00 %

+0.47 (+0.61%)

USD 3.69B
IFSU:SW iShares Edge MSCI USA Mul.. 1.59 % 0.00 %

N/A

USD 0.07B
IQCT:LSE Amundi Index Solutions - .. 1.33 % 0.00 %

+1.66 (+0.61%)

USD 0.08B
CIBR First Trust NASDAQ Cybers.. 0.00 % 0.00 %

+0.66 (+0.61%)

USD 8.66B
HACK Amplify ETF Trust 0.00 % 0.60 %

+1.00 (+0.61%)

USD 1.73B
JKH iShares Morningstar Mid-C.. 0.00 % 0.30 %

N/A

N/A
PXLG Invesco S&P 500 GARP ETF 0.00 % 0.39 %

+0.81 (+0.61%)

N/A
XKFS SPDR Kensho Future Securi.. 0.00 % 0.20 %

+1.27 (+0.61%)

N/A
CMUE:CA 0.00 % 0.00 %

N/A

N/A
GDAT 0.00 % 0.00 %

N/A

N/A
IHAK iShares Cybersecurity and.. 0.00 % 0.00 %

+0.76 (+0.61%)

USD 0.97B
CMUE-F:CA 0.00 % 0.00 %

N/A

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

-0.13 (0.61%)

USD 0.14B
CYBR:CA Evolve Cyber Security Ind.. 0.00 % 0.67 %

+1.01 (+0.61%)

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

+1.50 (+0.61%)

USD 2.62B
2B79:XETRA iShares Digitalisation UC.. 0.00 % 0.00 %

-0.08 (0.61%)

USD 1.01B
IS4S:XETRA iShares Digital Security .. 0.00 % 0.00 %

-0.05 (0.61%)

N/A
L0CK:XETRA iShares Digital Security .. 0.00 % 0.00 %

-0.04 (0.61%)

N/A
USPY:XETRA L&G Cyber Security UCITS .. 0.00 % 0.00 %

-0.30 (0.61%)

N/A
CYBR-U:CA 0.00 % 0.00 %

N/A

N/A
RCRS:XETRA Rize UCITS ICAV - Rize Cy.. 0.00 % 0.00 %

-0.08 (0.61%)

N/A
FEVR 0.00 % 0.00 %

N/A

N/A
BUG Global X Cybersecurity ET.. 0.00 % 0.00 %

+0.26 (+0.61%)

USD 0.95B
WCBR WisdomTree Cybersecurity .. 0.00 % 0.00 %

+0.23 (+0.61%)

USD 0.14B
LYFE 0.00 % 0.00 %

N/A

N/A
IHCNF iShares VII Public Limite.. 0.00 % 0.00 %

+2.91 (+0.61%)

N/A
CYSE:LSE WisdomTree Cybersecurity .. 0.00 % 0.00 %

+17.75 (+0.61%)

USD 0.29B
WCBR:LSE WisdomTree Cybersecurity .. 0.00 % 0.00 %

+0.25 (+0.61%)

USD 0.29B
IMCB iShares Morningstar Mid-C.. 0.00 % 0.00 %

+0.75 (+0.61%)

USD 1.05B
BBIG:CA 0.00 % 0.00 %

N/A

N/A
DRUP:F Lyxor Index Fund - Lyxor .. 0.00 % 0.00 %

-0.24 (0.61%)

N/A
RCRS:F Rize UCITS ICAV - Rize Cy.. 0.00 % 0.00 %

-0.14 (0.61%)

N/A
ARTY iShares Future AI & Tech .. 0.00 % 0.00 %

+0.59 (+0.61%)

USD 0.90B

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 13.04% 78% C+ 86% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 13.04% 78% C+ 86% B+
Trailing 12 Months  
Capital Gain 49.75% 79% B- 88% B+
Dividend Return N/A N/A N/A N/A N/A
Total Return 49.75% 79% B- 88% B+
Trailing 5 Years  
Capital Gain 436.68% 93% A 97% N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return 436.68% 93% A 97% N/A
Average Annual (5 Year Horizon)  
Capital Gain 36.10% 79% B- 83% B
Dividend Return 36.10% 79% B- 83% B
Total Return N/A N/A N/A N/A N/A
Risk Return Profile  
Volatility (Standard Deviation) 58.23% 49% F 34% F
Risk Adjusted Return 62.00% 91% A- 84% B
Market Capitalization 83.06B 97% N/A 99% 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.

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:
Highly leveraged

The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

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.