Fortinet Statistics
Share Statistics
Fortinet has 766.45M shares outstanding. The number of shares has increased by -0.39% in one year.
| Shares Outstanding | 766.45M |
| Shares Change (YoY) | n/a |
| Shares Change (QoQ) | 0.13% |
| Owned by Institutions (%) | n/a |
| Shares Floating | 632.35M |
| Failed to Deliver (FTD) Shares | 436 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 12.57M, so 1.64% of the outstanding shares have been sold short.
| Short Interest | 12.57M |
| Short % of Shares Out | 1.64% |
| Short % of Float | 1.99% |
| Short Ratio (days to cover) | 3.49 |
Valuation Ratios
The PE ratio is 39.7 and the forward PE ratio is 41.14. Fortinet 's PEG ratio is 0.69.
| PE Ratio | 39.7 |
| Forward PE | 41.14 |
| PS Ratio | 8.59 |
| Forward PS | 11.4 |
| PB Ratio | -98.34 |
| P/FCF Ratio | 26.32 |
| PEG Ratio | 0.69 |
Enterprise Valuation
Fortinet Inc. has an Enterprise Value (EV) of 45.24B.
| EV / Earnings | 39.42 |
| EV / Sales | 8.53 |
| EV / EBITDA | 30.82 |
| EV / EBIT | 36.46 |
| EV / FCF | 26.13 |
Financial Position
The company has a current ratio of 1.19, with a Debt / Equity ratio of -2.14.
| Current Ratio | 1.19 |
| Quick Ratio | 1.06 |
| Debt / Equity | -2.14 |
| Total Debt / Capitalization | 187.62 |
| Cash Flow / Debt | 1.95 |
| Interest Coverage | 59.1 |
Financial Efficiency
Return on equity (ROE) is -2.48% and return on capital (ROIC) is 182.12%.
| Return on Equity (ROE) | -2.48% |
| Return on Assets (ROA) | 0.16% |
| Return on Capital (ROIC) | 182.12% |
| Revenue Per Employee | 379.29K |
| Profits Per Employee | 82.07K |
| Employee Count | 13.99K |
| Asset Turnover | 0.73 |
| Inventory Turnover | 2.55 |
Taxes
| Income Tax | 143.80M |
| Effective Tax Rate | 0.11 |
Stock Price Statistics
The stock price has increased by 69.38% in the last 52 weeks. The beta is 0.99, so Fortinet 's price volatility has been higher than the market average.
| Beta | 0.99 |
| 52-Week Price Change | 69.38% |
| 50-Day Moving Average | 87.63 |
| 200-Day Moving Average | 71.4 |
| Relative Strength Index (RSI) | 65.33 |
| Average Volume (20 Days) | 4.55M |
Income Statement
In the last 12 months, Fortinet had revenue of $5.30B and earned $1.15B in profits. Earnings per share was $1.47.
| Revenue | 5.30B |
| Gross Profit | 4.07B |
| Operating Income | 1.24B |
| Net Income | 1.15B |
| EBITDA | 1.47B |
| EBIT | 1.24B |
| Earnings Per Share (EPS) | 1.47 |
Balance Sheet
The company has $1.40B in cash and $1.07B in debt, giving a net cash position of $326.50M.
| Cash & Cash Equivalents | 1.40B |
| Total Debt | 1.07B |
| Net Cash | 326.50M |
| Retained Earnings | -1.86B |
| Total Assets | 8.85B |
| Working Capital | 1.34B |
Cash Flow
In the last 12 months, operating cash flow was $1.94B and capital expenditures -$204.10M, giving a free cash flow of $1.73B.
| Operating Cash Flow | 1.94B |
| Capital Expenditures | -204.10M |
| Free Cash Flow | 1.73B |
| FCF Per Share | 2.22 |
Margins
Gross margin is 76.68%, with operating and profit margins of 23.4% and 21.64%.
| Gross Margin | 76.68% |
| Operating Margin | 23.4% |
| Pretax Margin | 25.14% |
| Profit Margin | 21.64% |
| EBITDA Margin | 27.67% |
| EBIT Margin | 23.4% |
| FCF Margin | 32.64% |
Dividends & Yields
FTNT does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 1.5% |
| FCF Yield | 2.31% |
Analyst Forecast
The average price target for FTNT is $95, which is -3% lower than the current price. The consensus rating is "Hold".
| Price Target | $95 |
| Price Target Difference | -3% |
| Analyst Consensus | Hold |
| Analyst Count | 30 |
Stock Splits
The last stock split was on Jun 22, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 22, 2022 |
| Split Type | forward |
| Split Ratio | 5:1 |
Scores
| Altman Z-Score | 7.1 |
| Piotroski F-Score | 7 |