Fortinet Inc. (FTNT)
Fortinet Statistics
Share Statistics
Fortinet has 768.97M shares outstanding. The number of shares has increased by 0.66% in one year.
| Shares Outstanding | 768.97M |
| Shares Change (YoY) | 0.66% |
| Shares Change (QoQ) | 0.33% |
| Owned by Institutions (%) | 66.56% |
| Shares Floating | 638.44M |
| Failed to Deliver (FTD) Shares | 303 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 21.81M, so 2.84% of the outstanding shares have been sold short.
| Short Interest | 21.81M |
| Short % of Shares Out | 2.84% |
| Short % of Float | 3.43% |
| Short Ratio (days to cover) | 5.19 |
Valuation Ratios
The PE ratio is 41.38 and the forward PE ratio is 34.83. Fortinet's PEG ratio is 0.75.
| PE Ratio | 41.38 |
| Forward PE | 34.83 |
| PS Ratio | 12.13 |
| Forward PS | 6.4 |
| PB Ratio | 48.35 |
| P/FCF Ratio | 38.43 |
| PEG Ratio | 0.75 |
Enterprise Valuation
Fortinet has an Enterprise Value (EV) of 70.34B.
| EV / Sales | 11.81 |
| EV / EBITDA | 39 |
| EV / EBIT | 31.15 |
| EV / FCF | 37.43 |
Financial Position
The company has a current ratio of 1.47, with a Debt / Equity ratio of 0.67.
| Current Ratio | 1.47 |
| Quick Ratio | 1.39 |
| Debt / Equity | 0.67 |
| Debt / EBITDA | 0.55 |
| Debt / FCF | 0.53 |
| Interest Coverage | 90.17 |
Financial Efficiency
Return on Equity is 116.83% and Return on Invested Capital is 27.26%.
| Return on Equity | 116.83% |
| Return on Assets | 17.88% |
| Return on Invested Capital | 27.26% |
| Revenue Per Employee | $421.26K |
| Profits Per Employee | $123.44K |
| Employee Count | 14,138 |
| Asset Turnover | 0.61 |
| Inventory Turnover | 3.67 |
Taxes
| Income Tax | 283.9M |
| Effective Tax Rate | 13.79% |
Stock Price Statistics
The stock price has increased by 45.69% in the last 52 weeks. The beta is 1.1, so Fortinet's price volatility has been higher than the market average.
| Beta | 1.1 |
| 52-Week Price Change | 45.69% |
| 50-Day Moving Average | 101.15 |
| 200-Day Moving Average | 86.73 |
| Relative Strength Index (RSI) | 43.85 |
| Average Volume (20 Days) | 5.16M |
Income Statement
In the last 12 months, Fortinet had revenue of 5.96B and earned 1.75B in profits. Earnings per share was 2.28.
| Revenue | 5.96B |
| Gross Profit | 4.8B |
| Operating Income | 1.8B |
| Net Income | 1.75B |
| EBITDA | 1.8B |
| EBIT | 1.8B |
| Earnings Per Share (EPS) | 2.28 |
Balance Sheet
The company has 2.88B in cash and 994.3M in debt, giving a net cash position of 1.88B.
| Cash & Cash Equivalents | 2.88B |
| Total Debt | 994.3M |
| Net Cash | 1.88B |
| Retained Earnings | -117.1M |
| Total Assets | 9.76B |
| Working Capital | 1.91B |
Cash Flow
In the last 12 months, operating cash flow was 2.26B and capital expenditures -378.9M, giving a free cash flow of 1.88B.
| Operating Cash Flow | 2.26B |
| Capital Expenditures | -378.9M |
| Free Cash Flow | 1.88B |
| FCF Per Share | 2.46 |
Margins
Gross margin is 80.56%, with operating and profit margins of 30.28% and 29.3%.
| Gross Margin | 80.56% |
| Operating Margin | 30.28% |
| Pretax Margin | 34.56% |
| Profit Margin | 29.3% |
| EBITDA Margin | 30.28% |
| EBIT Margin | 30.28% |
| FCF Margin | 31.55% |
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 | 2.42% |
| FCF Yield | 2.6% |
Analyst Forecast
The average price target for FTNT is $105, which is 13.2% higher than the current price. The consensus rating is "Hold".
| Price Target | $105 |
| Price Target Difference | 13.2% |
| Analyst Consensus | Hold |
| Analyst Count | 30 |
Stock Splits
The last stock split was on Jun 23, 2022. It was a forward split with a ratio of 5:1.
| Last Split Date | Jun 23, 2022 |
| Split Type | forward |
| Split Ratio | 5:1 |
Scores
| Altman Z-Score | 6.85 |
| Piotroski F-Score | 6 |