USD 94.23
| ticker | 1 day return % | 1 week return % | 1 month return % | 3 months return % | 6 months return % | 1 year return % | 3 years return % | 5 years return % | 10 years return % | maximum return % |
|---|---|---|---|---|---|---|---|---|---|---|
| FTNT | 0.2 | -1.3 | -3.5 | 16.5 | 59.4 | 55.4 | 52.7 | 301.0 | 1417.4 | 5576.5 |
| S&P 500 | 1.0 | 1.8 | -0.9 | 2.7 | 7.3 | 26.5 | 31.0 | 80.1 | 196.5 | 33856.2 |
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| Attribute | Value |
|---|---|
| symbol | FTNT |
| name | Fortinet, Inc. |
| price | 94.23 |
| changes percentage | 0.19 |
| change | 0.18 |
| day low | 93.88 |
| day high | 96.09 |
| year high | 101 |
| year low | 54.57 |
| market cap | 72222866190 |
| price avg 50 | 94.41 |
| price avg 200 | 74.32 |
| exchange | NASDAQ |
| volume | 4555516 |
| avg volume | 4560432 |
| open | 96.09 |
| previous close | 94.05 |
| eps | 1.99 |
| pe | 47.35 |
| earnings announcement | 2025-02-06T21:00:00.000+0000 |
| shares outstanding | 766453000 |
| timestamp | 2025-01-17 21:00:01 |
We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001262039 | |||
| revenue | 5304800000 | 4417400000 | 20.09 |
| gross profit | 4067600000 | 3332500000 | 22.06 |
| gross profit ratio | 0.77 | 0.75 | 1.64 |
| research and development expenses | 613800000 | 512400000 | 19.79 |
| operating expenses | 2826500000 | 2367500000 | 19.39 |
| interest income | 119700000 | 17400000 | 587.93 |
| interest expense | 21000000 | 18000000 | 16.67 |
| ebitda | 1468100000 | 1077800000 | 36.21 |
| ebitdaratio | 0.28 | 0.24 | 13.43 |
| operating income | 1241100000 | 969600000 | 28.00 |
| operating income ratio | 0.23 | 0.22 | 6.59 |
| net income | 1147800000 | 857300000 | 33.89 |
| net income ratio | 0.22 | 0.19 | 11.49 |
| eps | 1.47 | 1.08 | 36.11 |
Revenue Growth: revenue increased to 5,305 million in 2023 from 4,417 million in 2022 representing a change of 20.09%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 4,068 million in 2023 from 3,332 million in 2022 representing a change of 22.06%. This indicates a sales profitability growth, which is a positive sign for the company.
Research and Development (R&D) Expenses: R&D Expenses increased to 614 million in 2023 from 512 million in 2022 representing a change of 19.79%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 1,468 million in 2023 from 1,078 million in 2022 representing a change of 36.21%. The increase in EBITDA indicates improved operational efficiency and profitability.
Earnings per Share (EPS): EPS increased to 1.47 in 2023 from 1.47 in 2022 representing a change of 36.11%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Operating Expenses: Operating Expenses increased to 2,826 million in 2023 from 2,368 million in 2022 representing a change of 19.39%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
Operating Income: Operating income decreased to 1,241 million in 2023 from 970 million in 2022 representing a change of 28.0%. The decrease in operating income indicates worse operational performance and decreased profitability.
Net Income: Net income decreased to 1,148 million in 2023 from 857 million in 2022 representing a change of 33.89%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001262039 | |||
| revenue | 1508100000 | 1434300000 | 5.15 |
| gross profit | 1244700000 | 1159300000 | 7.37 |
| gross profit ratio | 0.83 | 0.81 | 2.11 |
| research and development expenses | 187300000 | 165400000 | 13.24 |
| operating expenses | 773800000 | 723300000 | 6.98 |
| interest income | 42400000 | 38300000 | 10.70 |
| interest expense | 5000000 | 5000000 | 0.00 |
| ebitda | 661200000 | 465200000 | 42.13 |
| ebitdaratio | 0.44 | 0.32 | 35.18 |
| operating income | 470900000 | 436000000 | 8.00 |
| operating income ratio | 0.31 | 0.3 | 2.72 |
| net income | 539900000 | 379800000 | 42.15 |
| net income ratio | 0.36 | 0.26 | 35.20 |
| eps | 0.71 | 0.5 | 42.00 |
Revenue Growth: revenue increased to 1,508 million in 2024Q3 from 1,434 million in 2024Q2 representing a change of 5.15%. This indicates a sales growth, which is a positive sign for the company.
Gross Profit: Gross Profit increased to 1,245 million in 2024Q3 from 1,159 million in 2024Q2 representing a change of 7.37%. This indicates a sales profitability growth, which is a positive sign for the company.
Research and Development (R&D) Expenses: R&D Expenses increased to 187 million in 2024Q3 from 165 million in 2024Q2 representing a change of 13.24%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.
EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 661 million in 2024Q3 from 465 million in 2024Q2 representing a change of 42.13%. The increase in EBITDA indicates improved operational efficiency and profitability.
Operating Income: Operating income increased to 471 million in 2024Q3 from 436 million in 2024Q2 representing a change of 8.0%. The increase in operating income indicates better operational performance and increased profitability.
Net Income: Net income increased to 540 million in 2024Q3 from 380 million in 2024Q2 representing a change of 42.15%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.
Earnings per Share (EPS): EPS increased to 0.71 in 2024Q3 from 0.71 in 2024Q2 representing a change of 42.0%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.
Operating Expenses: Operating Expenses increased to 774 million in 2024Q3 from 723 million in 2024Q2 representing a change of 6.98%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001262039 | |||
| total assets | 7258900000 | 6228000000 | 16.55 |
| total liabilities | 7722300000 | 6509600000 | 18.63 |
| total equity | -463400000 | -281600000 | -64.56 |
| cash and cash equivalents | 1397900000 | 1682900000 | -16.94 |
| short term investments | 1042500000 | 528100000 | 97.41 |
| long term investments | 42200000 | 45500000 | -7.25 |
| total current assets | 4428300000 | 3810400000 | 16.22 |
| total non current assets | 2830600000 | 2417600000 | 17.08 |
| total current liabilities | 3719000000 | 3078400000 | 20.81 |
| total non current liabilities | 4003300000 | 3431200000 | 16.67 |
| common stock | 800000 | 800000 | 0.00 |
| retained earnings | -1861700000 | -1546400000 | -20.39 |
| total debt | 1071400000 | 990400000 | 8.18 |
Total Assets: Total Assets increased to 7,259 million in 2023 from 6,228 million in 2022 representing a change of 16.55%. Suggesting a growth in asset holdings.
Short Term Investments: Short Term Investments increased to 1,042 million in 2023 from 528 million in 2022 representing a change of 97.41%. This indicates an increase in short-term investment holdings.
Total Current Assets: Total Current Assets increased to 4,428 million in 2023 from 3,810 million in 2022 representing a change of 16.22%. This indicates a better liquidity position.
Total Liabilities: Total Liabilities increased to 7,722 million in 2023 from 6,510 million in 2022 representing a change of 18.63%. This indicates an increase in overall liabilities.
Total Equity: Total Equity decreased to -463 million in 2023 from -282 million in 2022 representing a change of -64.56%. This indicates a decrease in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 1,398 million in 2023 from 1,683 million in 2022 representing a change of -16.94%. This indicates a decrease in available liquid assets.
Total Current Liabilities: Total Current Liabilities increased to 3,719 million in 2023 from 3,078 million in 2022 representing a change of 20.81%. This indicates a higher short-term debt burden.
Retained Earnings: Retained Earnings decreased to -1,862 million in 2023 from -1,546 million in 2022 representing a change of -20.39%. This indicates an accumulated losses.
Total Debt: Total Debt increased to 1,071 million in 2023 from 990 million in 2022 representing a change of 8.18%. This indicates an increase in overall debt burden.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001262039 | |||
| total assets | 8852000000 | 8052900000 | 9.92 |
| total liabilities | 7943900000 | 7764700000 | 2.31 |
| total equity | 908100000 | 288200000 | 215.09 |
| cash and cash equivalents | 2489300000 | 2203200000 | 12.99 |
| short term investments | 1162400000 | 1136100000 | 2.31 |
| long term investments | 0 | 24000000 | -100.00 |
| total current assets | 5220600000 | 4919300000 | 6.12 |
| total non current assets | 3631400000 | 3133599999 | 15.89 |
| total current liabilities | 3883900000 | 3725300000 | 4.26 |
| total non current liabilities | 4060000000 | 4039399999 | 0.51 |
| common stock | 800000 | 800000 | 0.00 |
| retained earnings | -643300000 | -1182600000 | 45.60 |
| total debt | 993800000 | 993300000 | 0.05 |
Total Assets: Total Assets increased to 8,852 million in 2024Q3 from 8,053 million in 2024Q2 representing a change of 9.92%. Suggesting a growth in asset holdings.
Total Equity: Total Equity increased to 908 million in 2024Q3 from 288 million in 2024Q2 representing a change of 215.09%. This indicates an increase in shareholders' equity.
Cash And Cash Equivalents: Cash And Cash Equivalents increased to 2,489 million in 2024Q3 from 2,203 million in 2024Q2 representing a change of 12.99%. This indicates an increase in available liquid assets.
Short Term Investments: Short Term Investments increased to 1,162 million in 2024Q3 from 1,136 million in 2024Q2 representing a change of 2.31%. This indicates an increase in short-term investment holdings.
Total Current Assets: Total Current Assets increased to 5,221 million in 2024Q3 from 4,919 million in 2024Q2 representing a change of 6.12%. This indicates a better liquidity position.
Retained Earnings: Retained Earnings increased to -643 million in 2024Q3 from -1,183 million in 2024Q2 representing a change of 45.6%. This indicates an accumulated profits.
Total Liabilities: Total Liabilities increased to 7,944 million in 2024Q3 from 7,765 million in 2024Q2 representing a change of 2.31%. This indicates an increase in overall liabilities.
Total Current Liabilities: Total Current Liabilities increased to 3,884 million in 2024Q3 from 3,725 million in 2024Q2 representing a change of 4.26%. This indicates a higher short-term debt burden.
Total Debt: Total Debt increased to 994 million in 2024Q3 from 993 million in 2024Q2 representing a change of 0.05%. This indicates an increase in overall debt burden.
| 2023 | 2022 | Y/Y change % | |
|---|---|---|---|
| 0001262039 | |||
| net change in cash | -285000000 | 363800000 | -178.34 |
| operating cash flow | 1935500000 | 1730600000 | 11.84 |
| free cash flow | 1731400000 | 1449400000 | 19.46 |
| capital expenditure | -204100000 | -281200000 | 27.42 |
| depreciation and amortization | 113400000 | 104300000 | 8.72 |
| deferred income tax | -301900000 | -226400000 | -33.35 |
| stock based compensation | 251600000 | 217300000 | 15.78 |
| accounts payables | -43100000 | 105200000 | -140.97 |
| inventory | -253500000 | -109100000 | -132.36 |
| acquisitions net | -8500000 | -30800000 | 72.40 |
| investments in property plant and equipment | -204100000 | -281200000 | 27.42 |
| net cash used for investing activites | -649300000 | 763900000 | -185.00 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 43800000 | 26100000 | 67.82 |
| common stock repurchased | -1500500000 | -1991200000 | 24.64 |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | -1570400000 | -2130300000 | 26.28 |
| cash at end of period | 1397900000 | 1682900000 | -16.94 |
| accounts receivables | -146400000 | -456700000 | 67.94 |
| cash at beginning of period | 1682900000 | 1319100000 | 27.58 |
Net Change in Cash: Net Change in Cash decreased to -285 million in 2023 from 364 million in 2022 representing a change of -178.34%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.
Capital Expenditure: Capital Expenditure increased to -204 million in 2023 from -281 million in 2022 representing a change of 27.42%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.
Stock-Based Compensation: Stock-Based Compensation increased to 252 million in 2023 from 217 million in 2022 representing a change of 15.78%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Receivables: Accounts Receivables increased to -146 in 2023 from -457 million in 2022 representing a change of 67.94%. This suggests that the company is less capable of collecting payments from its customers.
Operating Cash Flow: Operating Cash Flow increased to 1,936 million in 2023 from 1,731 million in 2022 representing a change of 11.84%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 1,731 million in 2023 from 1,449 million in 2022 representing a change of 19.46%. This indicates an increase in cash generated after accounting for capital expenditures.
Accounts Payables: The absolute value of Accounts Payables decreased to 43 million in 2023 from 105 million in 2022 representing a change of -140.97%. This indicates that the company has reduced its outstanding obligations to its suppliers.
| 2024Q3 | 2024Q2 | Q/Q change % | |
|---|---|---|---|
| 0001262039 | |||
| operating cash flow | 608100000 | 342000000 | 77.81 |
| free cash flow | 571800000 | 318900000 | 79.30 |
| capital expenditure | -36300000 | -23100000 | -57.14 |
| depreciation and amortization | 29800000 | 29200000 | 2.05 |
| deferred income tax | 0 | -56400000 | 100.00 |
| stock based compensation | 65900000 | 63900000 | 3.13 |
| accounts receivables | 57600000 | -86700000 | 166.44 |
| accounts payables | 35200000 | -5600000 | 728.57 |
| inventory | 19700000 | 48700000 | -59.55 |
| acquisitions net | 0 | 0 | NaN |
| investments in property plant and equipment | -36300000 | -23100000 | -57.14 |
| net cash used for investing activites | -327100000 | -50100000 | -552.89 |
| debt repayment | 0 | 0 | NaN |
| common stock issued | 20100000 | 6200000 | 224.19 |
| common stock repurchased | 0 | 0 | NaN |
| dividends paid | 0 | 0 | NaN |
| net cash used provided by financing activities | 3000000 | -14000000 | 121.43 |
| net change in cash | 284000000 | 276900000 | 2.56 |
| cash at end of period | 284000000 | 2203200000 | -87.11 |
| cash at beginning of period | 0 | 1926300000 | -100.00 |
Net Change in Cash: Net Change in Cash increased to 284 million in 2024Q3 from 277 million in 2024Q2 representing a change of 2.56%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.
Operating Cash Flow: Operating Cash Flow increased to 608 million in 2024Q3 from 342 million in 2024Q2 representing a change of 77.81%. This indicates that the company generated more cash from its core business operations.
Free Cash Flow: Free Cash Flow increased to 572 million in 2024Q3 from 319 million in 2024Q2 representing a change of 79.3%. This indicates an increase in cash generated after accounting for capital expenditures.
Capital Expenditure: Capital Expenditure decreased to -36 million in 2024Q3 from -23 million in 2024Q2 representing a change of -57.14%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.
Deferred Income Tax: Deferred Income Tax increased to 0 million in 2024Q3 from -56 million in 2024Q2 representing a change of 100.0%. This indicates that the company's tax liability for future periods has increased.
Stock-Based Compensation: Stock-Based Compensation increased to 66 million in 2024Q3 from 64 million in 2024Q2 representing a change of 3.13%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.
Accounts Payables: The absolute value of Accounts Payables increased to 35 million in 2024Q3 from 6 million in 2024Q2 representing a change of 728.57%. This indicates that the company has increased its outstanding obligations to its suppliers.
Accounts Receivables: Accounts Receivables increased to 58 in 2024Q3 from -87 million in 2024Q2 representing a change of 166.44%. This suggests that the company is less capable of collecting payments from its customers.
We save you time by utilizing Generative AI to summarize earnings transcripts. Our summaries provide a clear insight into the company's current performance, future outlook, and overall sentiment expressed during the call. Click on below links to explore more.
Note: The years mentioned below are fiscal years in accounting.
Q3 2024 Earnings call transcript
EPS represents the portion of a company's profit allocated to each outstanding share of common stock. A higher EPS is generally favorable, indicating stronger profitability on a per-share basis.
Positive EPS: A positive EPS signifies that a company is profitable, it is generally viewed positively, supporting stock value and investor confidence.
Negative EPS: Indicates that a company is operating at a loss, which could lead to negative sentiment, potential stock depreciation, and concerns about the company's financial health.
The Next Earning Date represents when the company plans to release its next set of financial results.
An upward trend in EPS suggests consistent growth in earnings, often leading to increased investor confidence. A downward trend may indicate a decline in earnings, potentially decreasing investor confidence and stock value. Fluctuating EPS suggests unpredictable financial performance, warranting cautious investor analysis.
Earnings surprise occurs when a company's actual earnings differ from analysts' expectations. A positive earnings surprise typically reflects better-than-expected performance, potentially leading to stock appreciation. Conversely, a negative earnings surprise can result in stock depreciation. An earnings surprise of zero means the earnings met expectations, which typically has a neutral impact on stock price.
Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.
| 2023-12-31 | 2022-12-31 | Y/Y change % | |
|---|---|---|---|
| FY | |||
| calendar year | 2023 | 2022 | NaN |
| revenue per share | 6.81 | 5.58 | 22.06 |
| net income per share | 1.47 | 1.08 | 36.09 |
| operating cash flow per share | 2.49 | 2.19 | 13.68 |
| free cash flow per share | 2.22 | 1.83 | 21.42 |
| cash per share | 3.13 | 2.79 | 12.19 |
| book value per share | -0.6 | -0.36 | -67.26 |
| tangible book value per share | -0.8 | -0.59 | -36.49 |
| shareholders equity per share | -0.6 | -0.36 | -67.26 |
| interest debt per share | 1.4 | 1.27 | 10.11 |
| market cap | 45571458000 | 38691546000 | 17.78 |
| enterprise value | 45244958000 | 37999046000 | 19.07 |
| pe ratio | 39.7 | 45.13 | -12.03 |
| price to sales ratio | 8.59 | 8.76 | -1.92 |
| pocfratio | 23.55 | 22.36 | 5.31 |
| pfcf ratio | 26.32 | 26.69 | -1.40 |
| pb ratio | -98.34 | -137.4 | 28.43 |
| ptb ratio | -98.34 | -137.4 | 28.43 |
| ev to sales | 8.53 | 8.6 | -0.85 |
| enterprise value over ebitda | 30.82 | 35.26 | -12.59 |
| ev to operating cash flow | 23.38 | 21.96 | 6.46 |
| ev to free cash flow | 26.13 | 26.22 | -0.32 |
| earnings yield | 0.03 | 0.02 | 13.67 |
| free cash flow yield | 0.04 | 0.04 | 1.42 |
| debt to equity | -2.31 | -3.52 | 34.26 |
| debt to assets | 0.15 | 0.16 | -7.18 |
| net debt to ebitda | -0.22 | -0.64 | 65.39 |
| current ratio | 1.19 | 1.24 | -3.80 |
| interest coverage | 59.1 | 53.87 | 9.72 |
| income quality | 1.69 | 2.02 | -16.53 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 0.04 | 0.04 | 4.11 |
| research and ddevelopement to revenue | 0.12 | 0.12 | -0.25 |
| intangibles to total assets | 0.02 | 0.03 | -24.55 |
| capex to operating cash flow | 0.11 | 0.16 | -35.10 |
| capex to revenue | 0.04 | 0.06 | -39.56 |
| capex to depreciation | 1.8 | 2.7 | -33.24 |
| stock based compensation to revenue | 0.05 | 0.05 | -3.58 |
| graham number | 4.44 | 2.94 | 50.87 |
| roic | 0.31 | 0.3 | 4.01 |
| return on tangible assets | 0.16 | 0.14 | 14.02 |
| graham net net | -5.12 | -4.07 | -25.89 |
| working capital | 709300000 | 732000000 | -3.10 |
| tangible asset value | -625200000 | -465600000 | -34.28 |
| net current asset value | -3294000000 | -2699200000 | -22.04 |
| invested capital | 1991500000 | 1814500000 | 9.75 |
| average receivables | 1331850000 | 1034700000 | 28.72 |
| average payables | 223850000 | 195900000 | 14.27 |
| average inventory | 374700000 | 220200000 | 70.16 |
| days sales outstanding | 96.47 | 104.25 | -7.47 |
| days payables outstanding | 60.27 | 81.89 | -26.40 |
| days of inventory on hand | 143.03 | 89.02 | 60.67 |
| receivables turnover | 3.78 | 3.5 | 8.07 |
| payables turnover | 6.06 | 4.46 | 35.86 |
| inventory turnover | 2.55 | 4.1 | -37.76 |
| roe | -2.48 | -3.04 | 18.64 |
| capex per share | 0.26 | 0.36 | -26.22 |
ROE: Return on Equity (ROE) increased to -2.48 on 2023-12-31 from -3.04 on 2022-12-31, representing a change of 18.64%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 39.70 on 2023-12-31 from 45.13 on 2022-12-31, representing a change of -12.03%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio decreased to 1.19 on 2023-12-31 from 1.24 on 2022-12-31, representing a change of -3.80%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.
Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to -2.31 on 2023-12-31 from -3.52 on 2022-12-31, representing a change of 34.26%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.
| 2024-09-30 Q3 | 2024-06-30 Q2 | Q/Q change % | |
|---|---|---|---|
| FTNT | |||
| calendar year | 2024 | 2024 | NaN |
| revenue per share | 1.97 | 1.88 | 4.98 |
| net income per share | 0.71 | 0.5 | 41.93 |
| operating cash flow per share | 0.79 | 0.45 | 77.53 |
| free cash flow per share | 0.75 | 0.42 | 79.02 |
| cash per share | 4.77 | 4.37 | 9.18 |
| book value per share | 1.19 | 0.38 | 214.60 |
| tangible book value per share | 0.76 | 0.17 | 347.95 |
| shareholders equity per share | 1.19 | 0.38 | 214.60 |
| interest debt per share | 1.31 | 1.31 | -0.11 |
| market cap | 59325750000 | 45713430000 | 29.78 |
| enterprise value | 57830250000 | 44503530000 | 29.95 |
| pe ratio | 27.47 | 30.09 | -8.71 |
| price to sales ratio | 39.34 | 31.87 | 23.43 |
| pocfratio | 97.56 | 133.66 | -27.01 |
| pfcf ratio | 103.75 | 143.35 | -27.62 |
| pb ratio | 65.33 | 158.62 | -58.81 |
| ptb ratio | 65.33 | 158.62 | -58.81 |
| ev to sales | 38.35 | 31.03 | 23.59 |
| enterprise value over ebitda | 87.46 | 95.67 | -8.57 |
| ev to operating cash flow | 95.1 | 130.13 | -26.92 |
| ev to free cash flow | 101.14 | 139.55 | -27.53 |
| earnings yield | 0.01 | 0.01 | 9.54 |
| free cash flow yield | 0.01 | 0.01 | 38.16 |
| debt to equity | 1.09 | 3.45 | -68.25 |
| debt to assets | 0.11 | 0.12 | -8.98 |
| net debt to ebitda | -2.26 | -2.6 | 13.04 |
| current ratio | 1.34 | 1.32 | 1.79 |
| interest coverage | 94.18 | 87.2 | 8.00 |
| income quality | 1.13 | 0.9 | 25.08 |
| dividend yield | 0 | 0 | NaN |
| payout ratio | 0 | 0 | NaN |
| sales general and administrative to revenue | 0.05 | 0.04 | 20.48 |
| research and ddevelopement to revenue | 0.12 | 0.12 | 7.70 |
| intangibles to total assets | 0.04 | 0.02 | 86.66 |
| capex to operating cash flow | 0.06 | 0.07 | -11.62 |
| capex to revenue | 0.02 | 0.02 | 49.45 |
| capex to depreciation | 1.22 | 0.79 | 53.98 |
| stock based compensation to revenue | 0.04 | 0.04 | -1.92 |
| graham number | 4.34 | 2.05 | 111.31 |
| roic | 0.08 | 0.08 | -2.13 |
| return on tangible assets | 0.06 | 0.05 | 31.61 |
| graham net net | -4.36 | -4.48 | 2.76 |
| working capital | 1336700000 | 1194000000 | 11.95 |
| tangible asset value | 583700000 | 130100000 | 348.65 |
| net current asset value | -2723300000 | -2845400000 | 4.29 |
| invested capital | 2934500000 | 2594800000 | 13.09 |
| average receivables | 1063750000 | 1039800000 | 2.30 |
| average payables | 155000000 | 133650000 | 15.97 |
| average inventory | 368750000 | 411350000 | -10.36 |
| days sales outstanding | 62.31 | 67.98 | -8.34 |
| days payables outstanding | 60.79 | 43.23 | 40.60 |
| days of inventory on hand | 121.06 | 125.41 | -3.47 |
| receivables turnover | 1.44 | 1.32 | 9.10 |
| payables turnover | 1.48 | 2.08 | -28.88 |
| inventory turnover | 0.74 | 0.72 | 3.59 |
| roe | 0.59 | 1.32 | -54.89 |
| capex per share | 0.05 | 0.03 | 56.90 |
ROE: Return on Equity (ROE) decreased to 0.59 on 2024-09-30 Q3 from 1.32 on 2024-06-30 Q2, representing a change of -54.89%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.
PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 27.47 on 2024-09-30 Q3 from 30.09 on 2024-06-30 Q2, representing a change of -8.71%. Indicating a decrease in the relative valuation of the company's stock.
Current Ratio: Current Ratio increased to 1.34 on 2024-09-30 Q3 from 1.32 on 2024-06-30 Q2, representing a change of 1.79%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.
Debt-to-Equity Ratio:
Positive Sentiment: Discounted Cash Flow value is 114.63 which is higher than current price 94.23, indicates the company may be undervalued.
| Market Capitalization | Enterprise Value | |
|---|---|---|
| Definition | The total market value of a company's outstanding shares | The total market value of a company, including its debt and other liabilities |
| Calculation | Current share price * Total number of outstanding shares | Market capitalization + Total debt - Cash and cash equivalents |
| Focus | Equity component of a company's value | Total economic value of a company |
| Usefulness | Assesses a company's size and growth potential based on investor sentiment | Provides a more comprehensive valuation that considers both equity and debt |
Analyzing dividends is a crucial aspect of investment evaluation, offering valuable insights into a company's financial health and its commitment to shareholder returns. Dividends represent a portion of a company's profits distributed to its shareholders, providing a steady income stream. We help you analyze dividends based on the indicators mentioned below:
• Investors often assess the average dividend amount, observing trends over time to gauge the company's stability and growth potential. A positive trend in average dividends indicates a consistent and potentially lucrative investment. Additionally, evaluating the trend of dividend increases provides insight into the company's financial strength and management's confidence in future earnings.
• Consistency in paying dividends is a reassuring sign, reflecting a company's reliability and commitment to shareholder value. For investors, dividends not only offer income but also contribute to the overall total return on investment.
• Companies with a history of regular and increasing dividends can attract income-focused investors seeking stable returns, making dividends a critical factor in building a well-rounded investment portfolio.
Interested in the overall sentiment for a particular period? Check out our news sentiment analysis tool.
Sentiment: Negative
Publish Date: 2025-01-13 18:56:24
Fortinet (FTNT) closed at $93.83 in the latest trading session, marking a -0.77% move from the prior day.
Sentiment: Positive
Publish Date: 2025-01-13 10:51:12
FTNT's Steelers deal shows enterprise strength, but rich valuation calls for patience. As growth plans unfold, watch for entry points in 2025.
Sentiment: Positive
Publish Date: 2025-01-10 08:00:42
A leader in cybersecurity artificial intelligence, Fortinet stock hit an all-time high and is near a buy point of 100.59 from a flat base. The post AI Leader Hits Highs As Data Centers Seek Fortresslike Security Against Breaches appeared first on Investor's Business Daily.
Sentiment: Positive
Publish Date: 2025-01-08 08:15:00
Buying and holding solid companies for the long run is a tried and tested way of making money in the stock market, and that's not surprising as it allows investors to benefit from the power of compounding and also enables them to capitalize on secular growth trends in various industries.
Sentiment: Positive
Publish Date: 2025-01-07 13:16:15
Fortinet (FTNT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Sentiment: Positive
Publish Date: 2025-01-07 10:16:10
Fortinet (FTNT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Sentiment: Positive
Publish Date: 2025-01-02 09:23:31
Cybersecurity is a hot topic with the pace of attacks growing, the costs multiplying, and opportunities abundant for cybersecurity companies. Estimated to triple by 2027, the cybersecurity market will top $10.50 trillion, with much spending concentrated on a few names.
Sentiment: Positive
Publish Date: 2025-01-02 09:00:00
SUNNYVALE, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, announced that it will hold a conference call to discuss its fourth quarter and full year 2024 financial results on Thursday, February 6, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Sentiment: Positive
Publish Date: 2025-01-01 14:05:34
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Sentiment: Positive
Publish Date: 2024-12-30 10:55:20
DIS, LDOS, RJF, FTNT and HIG are some of the stocks with high ROE to profit from as investors await a "Santa Claus" rally to end the year on a high.
Sentiment: Positive
Publish Date: 2024-12-28 08:00:49
S&P 500 components Fortinet and Boston Scientific are among five stocks to watch near buy points as 2024 comes to a close. The post S&P 500 Winners Fortinet, Boston Scientific Lead 5 Stocks Near Buy Points appeared first on Investor's Business Daily.
Sentiment: Positive
Publish Date: 2024-12-27 15:40:52
Cybersecurity firm Fortinet, Inc. (FTNT) is expanding around the world while drawing Big Money inflows.
Sentiment: Neutral
Publish Date: 2024-12-24 18:51:41
Fortinet (FTNT) closed the most recent trading day at $97.81, moving +1.44% from the previous trading session.
Sentiment: Positive
Publish Date: 2024-12-24 10:35:27
We have shortlisted five stocks, CVNA, DDOG, FTNT, AMZN and IDCC, which look promising based on their favorable Zacks Rank and Momentum score for investment consideration.
Sentiment: Neutral
Publish Date: 2024-12-19 18:55:33
Fortinet (FTNT) reachead $94.85 at the closing of the latest trading day, reflecting a +1.6% change compared to its last close.
Sentiment: Positive
Publish Date: 2024-12-19 13:39:14
Firewall and cybersecurity tools provider Fortinet is near an all-time high and buy point. Shares have rallied 60% this year.
Sentiment: Positive
Publish Date: 2024-12-19 08:48:00
Fortinet is a leading cybersecurity firm with strong fundamentals. The company will benefit from secular global market growth. Despite excellent performance and profitability, Fortinet's valuation appears slightly overvalued, suggesting potential investors should wait for better entry opportunities in the $50-$60 range. The competitive cybersecurity market and high valuation risks could impact Fortinet's future growth and returns, making it a HOLD for now.
Sentiment: Negative
Publish Date: 2024-12-19 07:35:00
Cybersecurity stocks could be a safe bet for investors in 2025 but one AI player in particular may be fraught with danger, according to KeyBanc.
Sentiment: Positive
Publish Date: 2024-12-16 13:45:23
Fortinet (FTNT) could produce exceptional returns because of its solid growth attributes.
Sentiment: Positive
Publish Date: 2024-12-16 09:20:21
Here, we have picked four stocks, FTNT, ZS, QLYS and OKTA, strategically positioned to ride the waves of a challenging security landscape in 2025.
* The sentiment analysis presented is generated through an algorithm and may be subject to inaccuracies. Users are advised to corroborate key information and employ further analytical methods prior to making critical decisions.
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| Indicator | Bullish | Bearish |
|---|---|---|
| Price and EMA ⓘ | Price crosses above EMA | Price crosses below EMA |
| Short-Term vs Long-Term EMA ⓘ | Short EMA crosses above Long EMA | Short EMA crosses below Long EMA |
| Volume ⓘ | Increasing volume during price uptrend | Increasing volume during price downtrend |
| MACD ⓘ | MACD crosses above Signal Line | MACD crosses below Signal Line |
| RSI ⓘ | RSI is below 30 (oversold) and starts to rise above 30 | RSI is above 70 (overbought) and starts to decline below 70 |
| Candlestick Patterns ⓘ | Bullish candlestick patterns | Bearish candlestick patterns |
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