- ISIN
- US34959E1091
- CUSIP
- 34959E109
- Sector
- Technology
- Industry
- Software - Infrastructure
- IPO Date
- Nov 18, 2009
Highlights
- Market Cap
- $118.65B
- Enterprise Value
- $116.21B
- EPS (TTM)
- $2.83
- PE Ratio
- 57.32
- PEG Ratio
- 1.59
- Total Revenue (TTM)
- $7.53B
- Gross Profit (TTM)
- $6.05B
- EBITDA (TTM)
- $2.70B
- Year Range
- $70.12 - $170.35
- Target Price
- $118.45
- ROA (TTM)
- 19.53%
- ROE (TTM)
- 136.72%
- Avg. Volume (1M)
- 5M
- Avg. Volume Value (1M)
- $852.74M
Share Price Chart
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Performance
FTNT Performance Chart
Fortinet, Inc. (FTNT) is up 103.9% since the beginning of the year. At $162 per share, FTNT is trading 4.9% below its 52-week high of $170. Investors who bought $1,000 worth of FTNT shares 5 years ago would now be looking at an investment worth $2,974.
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Returns By Period
Fortinet, Inc. (FTNT) has returned 103.94% so far this year and 66.34% over the past 12 months. Looking at the last ten years, FTNT has achieved an annualized return of 37.30%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Fortinet, Inc.
- 1D
- 4.99%
- 1M
- 3.65%
- 6M
- 99.30%
- YTD
- 103.94%
- 1Y
- 66.34%
- 3Y*
- 27.56%
- 5Y*
- 24.36%
- 10Y*
- 37.30%
- ALL TIME*
- 31.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FTNT Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 2009, FTNT's average daily return is +0.14%, while the average monthly return is +2.89%. At this rate, an investment would double in approximately 2.0 years.
Historically, 63% of months were positive and 37% were negative. The best month was May 2026 with a return of +63.7%, while the worst month was Jul 2011 at -25.5%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FTNT closed higher 53% of trading days. The best single day was Aug 7, 2024 with a return of +25.3%, while the worst single day was Aug 4, 2023 at -25.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.33% | -2.74% | 3.40% | 3.17% | 63.65% | 11.34% | 5.42% | 103.94% | |||||
| 2025 | 6.77% | 7.07% | -10.88% | 7.79% | -1.91% | 3.87% | -5.51% | -21.15% | 6.74% | 2.79% | -6.13% | -2.12% | -15.95% |
| 2024 | 10.18% | 7.16% | -1.16% | -7.51% | -6.11% | 1.60% | -3.70% | 32.17% | 1.10% | 1.43% | 20.84% | -0.60% | 61.42% |
| 2023 | 7.06% | 13.57% | 11.81% | -5.13% | 8.37% | 10.62% | 2.82% | -22.53% | -2.54% | -2.57% | -8.06% | 11.36% | 19.72% |
| 2022 | -17.30% | 15.91% | -0.81% | -15.43% | 1.78% | -3.82% | 5.43% | -18.37% | 0.90% | 16.34% | -7.00% | -8.03% | -31.98% |
| 2021 | -2.54% | 16.65% | 9.22% | 10.74% | 7.01% | 8.99% | 14.30% | 15.76% | -7.33% | 15.17% | -1.26% | 8.22% | 141.97% |
Benchmark Metrics
Fortinet, Inc. has an annualized alpha of 22.88%, beta of 1.19, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since November 18, 2009.
- This stock captured 178.55% of S&P 500 Index gains but only 94.64% of its losses - a favorable profile for investors.
- R2 of 0.24 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 22.88%
- Beta
- 1.19
- R²
- 0.24
- Upside Capture
- 178.55%
- Downside Capture
- 94.64%
Return for Risk
Risk / Return Rank
FTNT ranks 81 for risk / return — above 81% of stocks peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FTNT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.00 | +0.54 |
| Martin ratioReturn relative to average drawdown | 4.11 | 8.49 | -4.38 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fortinet, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fortinet, Inc. was 51.20%, occurring on Feb 11, 2016. Recovery took 507 trading sessions.
The current Fortinet, Inc. drawdown is 2.93%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-51.20%Feb 2016 | 6mo 9d | 2y 5d | 2y 6moAug 2015 - Feb 2018 | — |
-42.31%Sep 2011 | 2mo 18d | 6mo 12d | 9moJul 2011 - Apr 2012 | — |
-41.88%Jun 2013 | 1y 2mo | 1y 5mo | 2y 8moApr 2012 - Dec 2014 | — |
-38.32%Nov 2023 | 3mo 22d | 11mo 7d | 1y 2moJul 2023 - Oct 2024 | — |
-37.61%Mar 2020 | 1mo 8d | 1mo 22d | 3moFeb 2020 - May 2020 | COVID crash2020 |
Drawdown Indicators
| FTNT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.20% | -56.78% | +5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -24.52% | -9.10% | -15.42% |
Max Drawdown (3Y)Largest decline over 3 years | -35.07% | -18.90% | -16.17% |
Max Drawdown (5Y)Largest decline over 5 years | -38.32% | -25.43% | -12.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -33.92% | -4.40% |
Current DrawdownCurrent decline from peak | -2.93% | -1.58% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -16.12% | -10.70% | -5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 2.14% | +13.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Fortinet, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Fortinet, Inc. is priced in the market compared to other companies in the Software - Infrastructure industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for FTNT, comparing it with other companies in the Software - Infrastructure industry. Currently, FTNT has a P/E ratio of 57.3. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for FTNT compared to other companies in the Software - Infrastructure industry. FTNT currently has a PEG ratio of 1.6. This PEG ratio is higher than the industry average, which may suggest the stock is overvalued relative to its expected earnings growth.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for FTNT relative to other companies in the Software - Infrastructure industry. Currently, FTNT has a P/S ratio of 16.1. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for FTNT in comparison with other companies in the Software - Infrastructure industry. Currently, FTNT has a P/B value of 77.4. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.
Income Statement
| TTM | |
|---|---|
Revenue | |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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