Fortinet Stock Today
| FTNT Stock | USD 94.06 2.38 2.47% |
Performance13 of 100
| Odds Of DistressLess than 2
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Fortinet is selling for under 94.06 as of the 28th of November 2024; that is 2.47 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 93.97. Fortinet has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on November 14, 2024, Representative Michael McCaul of US Congress acquired $15k to $50k worth of Fortinet's common stock.
Business Domain Software & Services | IPO Date 18th of November 2009 | Category Technology | Classification Information Technology |
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 766.45 M outstanding shares of which 12.57 M shares are currently shorted by private and institutional investors with about 2.55 trading days to cover. More on Fortinet
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Fortinet Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Co-Founder, Chairman and CEO | Ken Xie | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Computers (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Systems Software, Software - Infrastructure, Information Technology, SP 500 Index, NASDAQ Composite, NASDAQ 100 Pre, NASDAQ 100 Technology, Nasdaq 100, Computers, Information Technology, Software, Software—Infrastructure, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsFortinet can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortinet's financial leverage. It provides some insight into what part of Fortinet's total assets is financed by creditors.
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Fortinet (FTNT) is traded on NASDAQ Exchange in USA. It is located in 909 Kifer Road, Sunnyvale, CA, United States, 94086 and employs 13,986 people. Fortinet is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 73.92 B. Fortinet conducts business under Software sector and is part of Information Technology industry. The entity has 766.45 M outstanding shares of which 12.57 M shares are currently shorted by private and institutional investors with about 2.55 trading days to cover.
Fortinet currently holds about 1.73 B in cash with 1.94 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21.
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Ownership AllocationFortinet holds a total of 766.45 Million outstanding shares. Over half of Fortinet's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. On November 14, 2024, Representative Michael McCaul of US Congress acquired $15k to $50k worth of Fortinet's common stock.
Check Fortinet Ownership Details
Fortinet Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Swedbank Ab | 2024-09-30 | 6.8 M | |
| T. Rowe Price Investment Management,inc. | 2024-09-30 | 6.8 M | |
| First Trust Advisors L.p. | 2024-06-30 | 6.7 M | |
| Legal & General Group Plc | 2024-06-30 | 6.7 M | |
| Amvescap Plc. | 2024-06-30 | 6.6 M | |
| Marshall Wace Asset Management Ltd | 2024-06-30 | 6.2 M | |
| D. E. Shaw & Co Lp | 2024-09-30 | 6.1 M | |
| Ubs Asset Mgmt Americas Inc | 2024-09-30 | 5.8 M | |
| Van Eck Associates Corporation | 2024-06-30 | 5.8 M | |
| Vanguard Group Inc | 2024-09-30 | 67.4 M | |
| Blackrock Inc | 2024-06-30 | 55.2 M |
Fortinet Historical Income Statement
Fortinet Stock Against Markets
Fortinet Corporate Management
| John Whittle | VP of Corporate Devel. and Strategic Alliances and General Counsel | Profile | |
| Chris Perna | Vice Acquisition | Profile | |
| Matthew Pley | Executive Sales | Profile | |
| Trevor Pagliara | Senior Sales | Profile |
Additional Tools for Fortinet Stock Analysis
When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.