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Fortinet (NASDAQ:FTNT)
Stock Analysis

FTNT61.6
▲ 0.1%0.06

Stock Analysis

The following stock analysis is based on 10.6 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 $61.6 ($61.54 the previous day).

Financials

The next reporting date is in 43 days (2023 05 04).

CNN estimates profits for the upcoming quarter will be $0.29 per share ($1.2B). The current Canada / US exchange rate is 1.36517.



Over the past 12 months, $0 worth of shares have been purchased and $59913991 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 2.7% per year assuming steady exponential growth. The actual 5 year average is 40.58. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year127.28166666667-54.4- Below Average
2 year278.94992643678107.9+ Above Average
3 year134.1591146+ Above Average
4 year91.86068306010926.3- Below Average
5 year72.73614503816877.1+ Above Average
Fortinet is projected by analysts to get to $70.00 within the next 12 months (13.6%), but preticted targets range from as high as $85.00 (38%) and as low as $55(-10.7%).

Risk

The worst drop it has had in recent years is -87.1%. 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
1060.84RISING
3061.39DROPPING
6048.87RISING
15050.41DROPPING
365319.97DROPPING
800148.53RISING
1200103.57RISING
160083.69RISING
200037.7RISING


With an average increase of 2.7% year over year, if Fortinet is bought at the worst time, Stockmarketizer analysts estimate it will take 387.1 months before the stock will recover to the original purchase price. The P/E value is 58.11. The stock is over valued as the industry standard in the technology sector is a P/E of 41.54.

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Yahoo News Feed

Fortinet Annual Skills Gap Report Uncovers an Increase in Breaches Attributed to a Lack of Cybersecurity Skills

Tue, 21 Mar 2023 13:00:00 New Fortinet research reveals escalating cyber risks due to the ongoing talent shortage while the number of organizations experiencing five or more breaches jumped by 53%SUNNYVALE, Calif., March 21, 2023 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet“...... Read Full Article

Cybersecurity Stocks To Watch Amid Banking Crisis

Mon, 20 Mar 2023 14:50:43 Cybersecurity stocks have underperformed vs. the Nasdaq. But cloud security companies may be better positioned as corporate budgets tighten.... Read Full Article

Are Computer and Technology Stocks Lagging Fortinet (FTNT) This Year?

Mon, 20 Mar 2023 13:40:01 Here is how Fortinet (FTNT) and Arista Networks (ANET) have performed compared to their sector so far this year.... Read Full Article

Is Fortinet (FTNT) a Buy as Wall Street Analysts Look Optimistic?

Mon, 20 Mar 2023 13:30:01 The average brokerage recommendation (ABR) for Fortinet (FTNT) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?... Read Full Article

Fortinet (FTNT) Stock Moves -1.07%: What You Should Know

Fri, 17 Mar 2023 21:45:09 Fortinet (FTNT) closed the most recent trading day at $61.22, moving -1.07% from the previous trading session.... Read Full Article

3 Cybersecurity Stocks to Watch as Cybercrime Explodes

Fri, 17 Mar 2023 11:30:48 Even with all the warnings of cyberattacks, we’re still not prepared, which is a big reason to load up on these top cybersecurity stocks to buy. An attack recently forced produce giant Dole to shut down production plants in ...... Read Full Article

Better Cybersecurity Stock: Fortinet vs. Cloudflare

Thu, 16 Mar 2023 13:45:00 Fortinet (NASDAQ: FTNT) and Cloudflare (NYSE: NET) represent two different ways to invest in the cybersecurity market. Fortinet's next-gen firewall upgrades traditional firewalls with network filtering tools, and it provides other end-to-end protection services through on-site appliances, software, and cloud-based ...... Read Full Article

Fortinet (FTNT) SD-WAN to Boost ENOC's Operational Efficiency

Thu, 16 Mar 2023 11:38:11 The implementation of Fortinet's (FTNT) Secure SD-WAN solution will help Emirates National Oil Company (ENOC) improve operational efficiency and enhance customer experience.... Read Full Article

Fortinet, IBD Stock Of The Day, Helps Companies Protect Valuable Data

Wed, 15 Mar 2023 18:50:16 Fortinet, the IBD Stock Of The Day, is near a buy point as shares have been consolidating and are close to forming a flat base.... Read Full Article

Emirates National Oil Company Transforms Customer Experience and Increases Operational Efficiency with Fortinet Secure SD-WAN

Wed, 15 Mar 2023 13:00:00 55% cost savings resulting from lower multiprotocol label switching (MPLS) usage and simpler administrationIncreased revenue and enhanced customer experience through 18x reduction in point of sale (POS) transaction time Improved operational efficiency through 4x increase in network speed and performance and ...... Read Full Article

Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off

Wed, 15 Mar 2023 12:24:18 Dow Jones futures tumbled as Credit Suisse plunging, leading a European bank sell-off after the Nasdaq reclaimed key levels Tuesday.... Read Full Article

7 Tantalizing Technology Stocks to Buy for Long-Term Growth

Tue, 14 Mar 2023 19:42:38 For the last two years, tech stocks have been weighed down by the Steet’s worries about elevated inflation and the Fed’s rate hikes in response to high inflation. But in the coming months, inflation is widely expected to ...... Read Full Article

Top 10 Growth Stocks in Cybersecurity

Mon, 13 Mar 2023 13:19:10 In this article, we will be taking a look at the top 10 growth stocks in cybersecurity. To skip our detailed analysis of the cybersecurity sector, you can go directly to see the Top 5 Growth Stocks in Cybersecurity. We’ve reported ...... Read Full Article

Fortinet (FTNT) Dips More Than Broader Markets: What You Should Know

Fri, 10 Mar 2023 22:45:10 In the latest trading session, Fortinet (FTNT) closed at $58.76, marking a -1.98% move from the previous day.... Read Full Article

Why Is Fortinet (FTNT) Up 3.6% Since Last Earnings Report?

Thu, 09 Mar 2023 16:30:04 Fortinet (FTNT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.... Read Full Article

Fortinet (FTNT) Upgrades Single-Vendor FortiSASE Solution

Thu, 09 Mar 2023 14:09:02 Fortinet's (FTNT) latest upgrade to the FortiSASE solution comprises deployment flexibility and secure access capabilities for digital resources across private applications, SaaS and the Internet.... Read Full Article

Fortinet Enhances Its Single-Vendor SASE Solution with New Capabilities to Support Work-from-Anywhere

Tue, 07 Mar 2023 14:00:00 New updates to FortiSASE expand the industry’s most integrated single-vendor SASE solution to further converge networking and security across a unified operating system and agentSUNNYVALE, Calif., March 07, 2023 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO, Fortinet “In ...... Read Full Article

Why Fortinet Stock Soared Last Month

Mon, 06 Mar 2023 21:35:00 The cybersecurity expert delivered fantastic fourth-quarter results with a side of rosy forward projections.... Read Full Article

Fortinet Stock Shows Rising Relative Strength Earning A Key Upgrade

Mon, 06 Mar 2023 16:25:00 When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Fortinet, which had its Relative Strength (RS) Rating upgraded from 79 to 82 Monday. As you try ...... Read Full Article

Fortinet’s Ken Xie Reappointed to the U.S. – Brazil CEO Forum

Mon, 06 Mar 2023 14:00:00 Building on His Initial Appointment to the Position, Fortinet CEO Will Continue to Provide U.S. Private Sector Expertise to Forum and Develop Joint Policy Recommendations Impacting the Future of Infrastructure, Technology, and Workforce Development in Both CountriesSUNNYVALE, Calif., March 06, 2023 (...... Read Full Article
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