Fortinet Inc. share price today

(FTNT)

Fortinet Inc. share price is $98.19 & ₹8,316.59

$98.19

▲

2.9

(3.04%)

Market is closed - opens 8 PM, 05 Dec 2024

View live Fortinet Inc. share price in Dollar and Rupees. Guide to invest in Fortinet Inc. from India. Also see the sentimental analysis on Indian investors investing in Fortinet Inc.. Get details on the Indian mutual funds that are investing in Fortinet Inc.. Get Analyst recommendations and forecasts along with all the Fortinet Inc.'s financials.

Fortinet Inc. share price movements

$96.15
$98.48
$98.19
2.08%
Downside
Day's Volatility :2.37%
Upside
0.29%
$50.65
$100.59
$98.19
48.42%
Downside
52 Weeks Volatility :49.65%
Upside
2.39%

Fortinet Inc. Returns

Period	Fortinet Inc.	Sector (Technology)	Index (NASDAQ Composite)
3 Months	25.75%	12.7%	13.7%
6 Months	59.53%	9.3%	13.3%
1 Year	83.91%	27.9%	36.9%
3 Years	63.2%	42.9%	29.1%

Fortinet Inc. Key Statistics

in dollars & INR

Market Capitalization	$72.2B
Revenue TTM	$5.7B
EBITDA	$1.7B
Earnings Per Share (EPS)	$1.94
PE Ratio	47.36
Profit Margin	26.79%
Quarterly Earnings Growth YOY	0.71%
Return On Equity TTM	31.15%

How to invest in Fortinet Inc. from India?

It is very easy for Indian residents to invest directly in Fortinet Inc. from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Fortinet Inc. stock in both rupees (INR) and dollars (USD). Search for Fortinet Inc. or FTNT on INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Fortinet Inc. or Rupee/ Dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Fortinet Inc. shares which would translate to 0.009 fractional shares of Fortinet Inc. as of today. Learn more about fractional investing here.

Indians via INDmoney can now also, easily transfer and add their money to the US stocks account via INDmoney App. Click here for step by step process for the same

Indian investors sentiment towards Fortinet Inc.

25.21%

Period: Sep 5, 2024 to Dec 4, 2024. Change in 30 Days versus previous period

Investment in Fortinet Inc. from India has grown in the last 30 days as on Dec 5, 2024. 25.21% more purchase transactions for Fortinet Inc. in the last 30 days versus the previous period.

72%

Period: Sep 5, 2024 to Dec 4, 2024. Change in 30 Days versus previous period

Search volume for Fortinet Inc. on INDmoney from India has grown in the last 30 days as on Dec 5, 2024. 72% more investors are searching Fortinet Inc. in the last 30 days versus the previous period.

Indian Mutual Funds that own Fortinet Inc.

Name	Shares Held	Change in Shares	% of Assets
Edelweiss Technology Fund Direct Growth	708	1.36	0.07%
Motilal Oswal S&P 500 Index Fund Direct Growth	5456	11.51	0.10%
ICICI Prudential NASDAQ 100 Index Fund Direct Growth	9910	86.22	0.40%
ICICI Prudential US Bluechip Equity Fund Direct Plan Growth	15999	270.86	0.33%

Global Institutional Holdings in Fortinet Inc.

Vanguard Group Inc
8.80%
BlackRock Inc
7.21%
T. Rowe Price Associates, Inc.
3.79%
State Street Corp
3.46%
Bank of New York Mellon Corp
2.34%
Morgan Stanley - Brokerage Accounts
2.27%

Analyst Recommendation on Fortinet Inc.

Hold

44%Buy

52%Hold

4%Sell

Based on 50 Wall street analysts offering stock ratings for Fortinet Inc.(by analysts ranked 0 to 5 stars)

Based on 50 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Fortinet Inc.

What analysts predicted

Downside of 8.04%

Current:

$98.19

Target:

$90.29

Insights on Fortinet Inc.

Increasing Revenue
Fortinet Inc. has shown positive revenue growth over the last three quarters. The company's revenue increased from $1.35 billion to $1.50 billion, representing an average growth of 5.3% each quarter.
Increasing Net Profit
Fortinet Inc. has shown strong profit performance over the last three quarters. The net profit increased from $299.3 million to $539.9 million, with an average growth rate of 25.4% each quarter.
Vs PLTR
In the last 1 year, Palantir Technologies Inc has given 262.8% return, outperforming this stock by 181.3%
Vs PLTR
In the last 3 years, Palantir Technologies Inc has given 249.8% return, outperforming this stock by 192.4%

Fortinet Inc. Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$1.8B	↑ 20.49%
Net Income	$332.2M	↑ 958.0%
Net Profit Margin	18.44%	↑ 16.34%

	FY19	Y/Y Change
Revenue	$2.2B	↑ 19.71%
Net Income	$326.5M	↓ 1.72%
Net Profit Margin	15.14%	↓ 3.3%

	FY20	Y/Y Change
Revenue	$2.6B	↑ 20.32%
Net Income	$488.5M	↑ 49.62%
Net Profit Margin	18.83%	↑ 3.69%

	FY21	Y/Y Change
Revenue	$3.3B	↑ 28.82%
Net Income	$606.8M	↑ 24.22%
Net Profit Margin	18.16%	↓ 0.67%

	FY22	Y/Y Change
Revenue	$4.4B	↑ 32.17%
Net Income	$857.3M	↑ 41.28%
Net Profit Margin	19.41%	↑ 1.25%

	FY23	Y/Y Change
Revenue	$5.3B	↑ 20.09%
Net Income	$1.1B	↑ 33.89%
Net Profit Margin	21.64%	↑ 2.23%

	Q2 FY23	Q/Q Change
Revenue	$1.3B	↑ 2.42%
Net Income	$266.3M	↑ 7.51%
Net Profit Margin	20.6%	↑ 0.98%

	Q3 FY23	Q/Q Change
Revenue	$1.3B	↑ 3.23%
Net Income	$322.9M	↑ 21.25%
Net Profit Margin	24.19%	↑ 3.59%

	Q4 FY23	Q/Q Change
Revenue	$1.4B	↑ 6.03%
Net Income	$310.9M	↓ 3.72%
Net Profit Margin	21.97%	↓ 2.22%

	Q1 FY24	Q/Q Change
Revenue	$1.4B	↓ 4.37%
Net Income	$299.3M	↓ 3.73%
Net Profit Margin	22.12%	↑ 0.15%

	Q2 FY24	Q/Q Change
Revenue	$1.4B	↑ 5.99%
Net Income	$379.8M	↑ 26.9%
Net Profit Margin	26.48%	↑ 4.36%

	Q3 FY24	Q/Q Change
Revenue	$1.5B	↑ 5.15%
Net Income	$539.9M	↑ 42.15%
Net Profit Margin	35.8%	↑ 9.32%

	FY18	Y/Y Change
Total Assets	$3.1B	↑ 36.32%
Total Liabilities	$2.1B	↑ 23.93%

	FY19	Y/Y Change
Total Assets	$3.9B	↑ 26.23%
Total Liabilities	$2.6B	↑ 23.98%

	FY20	Y/Y Change
Total Assets	$4.0B	↑ 4.09%
Total Liabilities	$3.2B	↑ 24.38%

	FY21	Y/Y Change
Total Assets	$5.9B	↑ 46.35%
Total Liabilities	$5.1B	↑ 60.6%

	FY22	Y/Y Change
Total Assets	$6.2B	↑ 5.22%
Total Liabilities	$6.5B	↑ 27.12%

	FY23	Y/Y Change
Total Assets	$7.3B	↑ 16.55%
Total Liabilities	$7.7B	↑ 18.63%

	Q2 FY23	Q/Q Change
Total Assets	$7.5B	↑ 9.57%
Total Liabilities	$7.2B	↑ 5.04%

	Q3 FY23	Q/Q Change
Total Assets	$7.5B	↓ 0.09%
Total Liabilities	$7.4B	↑ 3.35%

	Q4 FY23	Q/Q Change
Total Assets	$7.3B	↓ 2.95%
Total Liabilities	$7.7B	↑ 4.28%

	Q1 FY24	Q/Q Change
Total Assets	$7.7B	↑ 5.55%
Total Liabilities	$7.8B	↑ 1.0%

	Q2 FY24	Q/Q Change
Total Assets	$8.1B	↑ 5.1%
Total Liabilities	$7.8B	↓ 0.45%

	Q3 FY24	Q/Q Change
Total Assets	$8.9B	↑ 9.92%
Total Liabilities	$7.9B	↑ 2.31%

	FY18	Y/Y Change
Operating Cash Flow	$638.9M	↑ 7.49%
Investing Cash Flow	$-134.9M	↑ 75.64%
Financing Cash Flow	$-202.6M	↓ 51.25%

	FY19	Y/Y Change
Operating Cash Flow	$808.0M	↑ 26.47%
Investing Cash Flow	$-502.3M	↑ 272.35%
Financing Cash Flow	$-195.6M	↓ 3.46%

	FY20	Y/Y Change
Operating Cash Flow	$1.1B	↑ 34.12%
Investing Cash Flow	$-72.8M	↓ 85.51%
Financing Cash Flow	$-1.2B	↑ 498.98%

	FY21	Y/Y Change
Operating Cash Flow	$1.5B	↑ 38.39%
Investing Cash Flow	$-1.3B	↑ 1720.19%
Financing Cash Flow	$82.8M	↓ 107.07%

	FY22	Y/Y Change
Operating Cash Flow	$1.7B	↑ 15.4%
Investing Cash Flow	$763.9M	↓ 157.65%
Financing Cash Flow	$-2.1B	↓ 2672.83%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$515.1M	↓ 23.97%
Investing Cash Flow	$-424.1M	↑ 900.24%
Financing Cash Flow	$-17.7M	↑ 29.2%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$551.2M	↑ 7.01%
Investing Cash Flow	$-111.2M	↓ 73.78%
Financing Cash Flow	$-628.9M	↑ 3453.11%

Fortinet Inc. Technicals Summary

Sell

Neutral

Buy

Fortinet Inc. is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

Fortinet Inc. Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Fortinet Inc.	22.33%	59.53%	83.91%	63.2%	358.93%
Microsoft Corporation	5.51%	1.52%	16.86%	32.13%	184.74%
Palantir Technologies Inc	29.85%	179.07%	287.57%	253.14%	598.84%
Palo Alto Networks, Inc.	6.52%	31.85%	35.85%	133.53%	418.25%
Adobe Systems Inc.	6.12%	12.68%	-13.35%	-17.01%	68.12%
Oracle Corp.	5.61%	46.89%	61.93%	103.97%	227.99%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Fortinet Inc.	47.36	47.36	1.64	2.25	0.31	0.12	NA	1.19
Microsoft Corporation	34.97	34.97	2.24	11.8	0.36	0.15	0.01	38.69
Palantir Technologies Inc	335.4	335.4	3.0	0.38	0.12	0.05	NA	1.98
Palo Alto Networks, Inc.	50.24	50.24	2.79	5.57	0.75	0.03	NA	15.9
Adobe Systems Inc.	43.5	43.5	1.66	18.27	0.35	0.16	NA	32.69
Oracle Corp.	47.64	47.64	1.95	5.59	1.56	0.07	0.01	3.9

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Fortinet Inc.	Hold	$72.2B	358.93%	47.36	26.79%
Microsoft Corporation	Buy	$3.1T	184.74%	34.97	35.61%
Palantir Technologies Inc	Hold	$150.5B	598.84%	335.4	18.01%
Palo Alto Networks, Inc.	Buy	$127.2B	418.25%	50.24	32.11%
Adobe Systems Inc.	Buy	$226.1B	68.12%	43.5	25.59%
Oracle Corp.	Buy	$512.2B	227.99%	47.64	20.4%

About Fortinet Inc.

Fortinet, Inc. was founded in 2000 and is located in Sunnyvale, California. It delivers comprehensive, integrated, and automated cybersecurity solutions across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Enterprises, communication service providers, government entities, and small businesses are among Fortinet’s clients who have adopted its cyber security solutions. The following are some of the company's business products: FortiGate is a company that sells security and networking hardware and software licences. It Provides secure switching solutions for clients’ end devices. It specialises in providing secure wireless networking solutions. FortiManager, a central and scalable management solution; FortiExtender, a hardware appliance; FortiAnalyzer, a centralized network logging and reporting solution; and FortiExtender, a hardware appliance. Web application firewall solutions are provided by the FortiWeb product family. FortiMail, FortiSandbox, FortiClient, FortiToken, FortiAuthenticator, and FortiEDR/XDR are some of its other products. Fortinet was able to raise $90 million in capital four years after its founding. It went public five years later, raising an additional $156 million. The stock of Fortinet, Inc. is listed on the NASDAQ under the symbol FTNT. Since its founding, Fortinet has acquired over ten firms, including organisations from various nations. XDN, an app hosting service provider, and Coyote Point Systems, a manufacturer of computer systems equipment, were two notable purchases. FTNT announced the acquisition of Meru Networks in 2015, and the transaction was finalized at $44 million. This was the largest acquisition ever made by the company since its inception. Microsoft's Commercial Marketing Partner of the Year award was given to Fortinet Inc. in 2020. In the same year, the company ranked 16th on Fortune's list of the 100 fastest-growing companies. Currently Fortinet Inc. has a market cap of $58.34 Billion. It has a P.E ratio of 44.44. The shares of Fortinet Inc. are trading at $95.32. .

Organization	Fortinet Inc.
Employees	13986
CEO	Mr. Ken Xie
Industry	Electronic Technology

Important FAQs about investing in Fortinet Inc. from India :

What is Fortinet Inc. share price today?

Fortinet Inc. (FTNT) share price today is $98.19.

Can Indians buy Fortinet Inc. shares?

Yes, Indians can invest in the Fortinet Inc. (FTNT) from India.

With INDmoney, you can buy Fortinet Inc. at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Fortinet Inc. at zero transaction cost.

How can I buy Fortinet Inc. shares from India?

It is very easy to buy Fortinet Inc. from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Fortinet Inc. be purchased?

Yes, you can buy fractional shares of Fortinet Inc. with INDmoney app.

What are the documents required to start investing in Fortinet Inc. stocks?

To start investing in Fortinet Inc., You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.