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Fortinet (NASDAQ:FTNT)
Stock Analysis

FTNT131
▼ -6.1%-8.51

Stock Analysis

The following stock analysis is based on 8 years of data (i.e. since Aug 03, 2012). All the stock history has been downloaded.

Stock Exchange

Fortinet trades on the NasdaqGS exchange in USD dollars.

Sector

It is in the technology sector.

Current Status of Fortinet

It is currently trading at $131.0 ($139.51 the previous day).

Financials

The next reporting date is in 74 days (2020 10 22).

CNN estimates profits for the upcoming quarter will be $0.77 per share ($639.0M). The current Canada / US exchange rate is 1.3382.



Over the past 12 months, $0 worth of shares have been purchased and $40206665 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 22.8% per year assuming steady exponential growth. The actual 5 year average is 27.32. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year102.8969993548428+ Above Average
2 year80.38544247787659.5+ Above Average
3 year50.39415966386641.2+ Above Average
4 year35.6928629032264.9- Below Average
5 year34.022415094343- Below Average
Fortinet is projected by analysts to get to $138.00 within the next 12 months (5.3%), but preticted targets range from as high as $206.51 (57.6%) and as low as $102(-22.1%).

Risk

The worst drop it has had in recent years is -51.2%. It has a few bumps shape to the stock curve, which means the stock generally continues on a consistent trend and does not have to be checked often, but can have some variation during periods of volitility.

Stock shape test

DAYS AG0PRICE
10136.65DROPPING
30138.44DROPPING
60140.48DROPPING
15087.14RISING
36584.37RISING
80061.18RISING
120039.9RISING
160028.96RISING
200033.23DROPPING
!!!!!!!!!!!! WARNING STOCK DROPPING !!!!!!!!!!!!!!!!!

With an average increase of 22.8% year over year, if Fortinet is bought at the worst time, Stockmarketizer analysts estimate it will take 26.9 months before the stock will recover to the original purchase price. The P/E value is 54.86. The stock is over valued as the industry standard in the technology sector is a P/E of 41.54.

Tradingview BuySell Widget

Yahoo News Feed

Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?

Fri, 07 Aug 2020 17:34:57 Today weand're going to take a look at the well-established Fortinet, Inc. (NASDAQ:FTNT). The companyand's stock received a...... Read Full Article

Fortinet (FTNT) Q2 Earnings and Revenues Surpass Estimates

Fri, 07 Aug 2020 12:33:12 Fortinetand's (FTNT) second-quarter 2020 results reflect gains from solid growth in Fortinet Security Fabric, cloud and SD-WAN offerings.... Read Full Article

Fortinet Slips 7% After-Hours As 2Q Billings Missed Estimates

Fri, 07 Aug 2020 07:23:44 Shares of Fortinet plunged 6.6% in extended trading on Thursday after the company’s 2Q billings fell short of analysts’ expectations. The cybersecurity solution provider’s billings, a key sales growth metric, grew 14.3% to $711.5 million year-over-year but missed Street estimates of $712.1 ...... Read Full Article

Fortinet Earnings, Revenue Top Estimates; Cybersecurity Stock Falls

Thu, 06 Aug 2020 21:38:15 Fortinet earnings and revenue topped June-quarter analyst estimates, while the cybersecurity firmand's guidance also came in above expectations. Fortinet stock fell in extended trading.... Read Full Article

Fortinet (FTNT) Beats Q2 Earnings and Revenue Estimates

Thu, 06 Aug 2020 21:35:09 Fortinet (FTNT) delivered earnings and revenue surprises of 26.15% and 2.79%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?... Read Full Article

Fortinet stock declines as earnings top Street view but billings donand't

Thu, 06 Aug 2020 21:27:00 Fortinet Inc. shares fell in the extended session Thursday even after the cybersecurity companyand's results, with the exception of billings, topped Wall Street estimates. Fortinet shares dropped 6% after hours, following a 0.4% decline in the regular session to close at $139.51. The ...... Read Full Article

Recap: Fortinet Q2 Earnings

Thu, 06 Aug 2020 20:31:52 Shares of Fortinet (NASDAQ:FTNT) fell 7.39% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share rose 41.38% over the past year to $0.82, which beat the estimate of $0.65.Revenue of $615,500,000 up by 17.98% year over year, which beat ...... Read Full Article

Fortinet Reports Second Quarter 2020 Financial Results

Thu, 06 Aug 2020 20:05:00 Second Quarter 2020 Highlights * Total revenue of $615.5 million, up 18% year over year * Product revenue of $211.9 million, up 12% year over year * Billings of $711.5 million, up 14% year over year1 * Deferred revenue of $2.32 billion, up 24% year over year * GAAP operating margin of 19.0%, up 460 basis ...... Read Full Article

Fortinet Introduces the World’s First Hyperscale Firewall

Thu, 06 Aug 2020 13:00:00 FortiGate 4400F is the Only Firewall Capable of Securing Hyperscale Data Centers and 5G Networks, Delivering the Industry’s Highest Performance with Security Compute Ratings of up to 13x Fortinet FortiGate 4400F - The Worldand's First Hyperscale Firewall FortiGate 4400F ...... Read Full Article

Is Fortinet (FTNT) Stock Outpacing Its Computer and Technology Peers This Year?

Wed, 05 Aug 2020 15:30:03 Is (FTNT) Outperforming Other Computer and Technology Stocks This Year?... Read Full Article

3 Stocks to Watch in August

Mon, 03 Aug 2020 16:01:00 Earnings season is just getting rolling, and these tech names could make big moves -- either up or down.... Read Full Article

Fortinet (FTNT) to Post Q2 Earnings: Whatand's in the Offing?

Mon, 03 Aug 2020 12:27:12 Fortinetand's (FTNT) Q2 results are likely to reflect benefits from a strong product portfolio. However, higher capital expenditures are likely to have kept margins under pressure.... Read Full Article

Fortinet (FTNT) Stock Moves -0.07%: What You Should Know

Thu, 30 Jul 2020 21:45:09 In the latest trading session, Fortinet (FTNT) closed at $136.75, marking a -0.07% move from the previous day.... Read Full Article

Fortinet (FTNT) Earnings Expected to Grow: Should You Buy?

Thu, 30 Jul 2020 16:33:04 Fortinet (FTNT) doesnand't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.... Read Full Article

Cloud Security Stock Qualys Tests Buy Zone, Joins Breakout Stocks Index

Wed, 29 Jul 2020 13:46:54 Cloud security stock Qualys is testing a new buy zone after earning a spot on the IBD Breakout Stocks Index and IBD Long-Term Leaders list.... Read Full Article

Fortinet Again Named the Fastest Growing SD-WAN Vendor, Continues Innovation to Deliver SD-WAN Anywhere

Wed, 29 Jul 2020 13:00:00 New FortiGate 80F is the Latest Expansion of Fortinet’s Industry-leading SD-WAN PortfolioSUNNYVALE, Calif., July 29, 2020 (GLOBE NEWSWIRE) -- John Maddison, EVP of products and CMO at Fortinet “With the increase in work from home and adoption of multi-cloud, a truly ...... Read Full Article

Best Buy, Groupon, Fortinet, Check Point Software Technologies and Zix highlighted as Zacks Bull and Bear of the Day

Tue, 28 Jul 2020 12:34:12 Best Buy, Groupon, Fortinet, Check Point Software Technologies and Zix highlighted as Zacks Bull and Bear of the Day... Read Full Article

Fortinetand's Latest Acquisition Is Further Proof Cloud Is the Future of Cybersecurity

Thu, 23 Jul 2020 11:11:00 Firms like CrowdStrike Holdings (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS), services that were born in and cater to modern cloud computing-based operations, have gotten a boost as organizations try to deal with shelter-in-place orders and a suddenly dispersed workforce. Compared ...... Read Full Article

Fortinet (FTNT) Gains But Lags Market: What You Should Know

Wed, 22 Jul 2020 21:45:09 Fortinet (FTNT) closed the most recent trading day at $134.29, moving +0.47% from the previous trading session.... Read Full Article

The Zacks Analyst Blog Highlights: BJand's Wholesale Club, Kroger, Lakeland Industries, Fortinet and Smith andand Wesson Brands

Wed, 22 Jul 2020 13:54:01 The Zacks Analyst Blog Highlights: BJand's Wholesale Club, Kroger, Lakeland Industries, Fortinet and Smith and Wesson Brands... Read Full Article
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