Fortinet share price today

(FTNT)

Fortinet share price is $97.19 & ₹8,258.82 as on 21 Dec 2024, 2.30 'hrs' IST

$97.19

▲

2.34

(2.47%)

Market is closed - opens 8 PM, 23 Dec 2024

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

Fortinet share price movements

Today's Low: $93.45
Today's High: $97.82
$97.19
3.85%
Downside
Day's Volatility :4.47%
Upside
0.64%
52 Weeks Low: $54.57
52 Weeks High: $100.59
$97.19
43.85%
Downside
52 Weeks Volatility :45.75%
Upside
3.38%

Fortinet Returns

Period	Fortinet Inc.	Sector (Technology)	Index (NASDAQ Composite)
3 Months	22.48%	4.5%	7.9%
6 Months	62.75%	1.8%	9.5%
1 Year	60.03%	21.2%	29.5%
3 Years	36.22%	37.0%	26.3%

Fortinet Key Statistics

in dollars & INR

Previous Close	$94.85
Open	$93.72
Today's High	$97.82
Today's Low	$93.45
Market Capitalization	$71.6B
Today's Volume	$4.3M
52 Week High	$100.59
52 Week Low	$54.57
Revenue TTM	$5.7B
EBITDA	$1.7B
Earnings Per Share (EPS)	$1.99
PE Ratio	46.91
Profit Margin	26.79%
Quarterly Earnings Growth YOY	0.71%
Return On Equity TTM	31.15%

How to invest in Fortinet from India?

It is very easy for Indian residents to invest directly in Fortinet from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Fortinet stock in both Indian Rupees (INR) and US Dollars (USD). Search for Fortinet or FTNT on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Fortinet 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 shares which would translate to 0.009 fractional shares of Fortinet as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India , including recognised companies like Fortinet, in just a few clicks!

Returns in Fortinet for Indian investors in Rupees

Investment Value

₹1,00,000

Fortinet investment value today

Current value as on today

₹1,66,174

Returns

₹66,174

(+66.17%)

Returns from Fortinet Stock

₹63,978 (+63.98%)

Dollar Returns

₹2,196 (+2.2%)

Indian investors sentiment towards Fortinet

-26.94%

Period: Sep 21, 2024 to Dec 20, 2024. Change in 30 Days versus previous period

Investment in Fortinet from India has reduced in the last 30 days as on Dec 21, 2024. -26.94% less purchase transactions for Fortinet in the last 30 days versus the previous period.

Period: Sep 21, 2024 to Dec 20, 2024. Change in 30 Days versus previous period

Search volume for Fortinet on INDmoney from India has grown in the last 30 days as on Dec 21, 2024. 7% more investors are searching Fortinet in the last 30 days versus the previous period.

Indian Mutual Funds that invest in Fortinet

Name	Shares Held	Change in Shares	% of Assets
Motilal Oswal S&P 500 Index Fund Direct Growth	5456	75.29	0.12%
ICICI Prudential NASDAQ 100 Index Fund Direct Growth	9910	0.00	0.40%
ICICI Prudential US Bluechip Equity Fund Direct Plan Growth	15999	883.30	0.38%
Edelweiss Technology Fund Direct Growth	708	0.00	0.07%

Global Institutional Holdings in Fortinet

Vanguard Group Inc
8.79%
BlackRock Inc
7.21%
State Street Corp
3.56%
Bank of New York Mellon Corp
2.26%
Geode Capital Management, LLC
1.94%
T. Rowe Price Associates, Inc.
1.58%

Analyst Recommendation on Fortinet

Hold

44%Buy

52%Hold

4%Sell

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

Based on 50 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Fortinet

What analysts predicted

Downside of 1.52%

Current:

$97.19

Target:

$95.71

Insights on Fortinet

Price Movement
In the last 6 months, FTNT stock has moved up by 62.0%
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.
FTNT vs PLTR (1 yr)
In the last 1 year, Palantir Technologies Inc has given 321.9% return, outperforming this stock by 259.8%
FTNT vs PLTR (3 yr)
In the last 3 years, Palantir Technologies Inc has given 292.6% return, outperforming this stock by 252.8%
Price to Sales
Fortinet Inc. has a Price-to-Sales Ratio of 13.0, meaning that investors are willing to pay $13.00 for every $1.00 of sales the company generates. In comparison, Palantir Technologies Inc. has a much higher Price-to-Sales Ratio of 67.6, indicating that investors value its sales significantly more.

Fortinet 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
Profit	$1.4B	↑ 21.73%

	FY19	Y/Y Change
Profit	$1.7B	↑ 22.17%

	FY20	Y/Y Change
Profit	$2.0B	↑ 22.67%

	FY21	Y/Y Change
Profit	$2.6B	↑ 26.42%

	FY22	Y/Y Change
Profit	$3.3B	↑ 30.22%

	FY23	Y/Y Change
Profit	$4.1B	↑ 22.06%

	Q2 FY23	Q/Q Change
Profit	$997.0M	↑ 4.45%

	Q3 FY23	Q/Q Change
Profit	$1.0B	↑ 2.0%

	Q4 FY23	Q/Q Change
Profit	$1.1B	↑ 8.09%

	Q1 FY24	Q/Q Change
Profit	$1.0B	↓ 4.6%

	Q2 FY24	Q/Q Change
Profit	$1.2B	↑ 10.56%

	Q3 FY24	Q/Q Change
Profit	$1.2B	↑ 7.37%

	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 Technicals Summary

Sell

Neutral

Buy

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

Fortinet Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Fortinet Inc.	0.88%	62.75%	60.03%	36.22%	339.85%
Microsoft Corporation	5.85%	-2.38%	16.67%	31.16%	177.64%
Palantir Technologies Inc	20.94%	207.16%	326.25%	293.06%	681.16%
Palo Alto Networks, Inc.	-4.77%	19.59%	27.0%	104.8%	391.14%
Adobe Systems Inc.	-13.29%	-16.56%	-26.95%	-22.45%	32.97%
Oracle Corp.	-12.28%	20.66%	58.94%	87.84%	214.26%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Fortinet Inc.	46.91	46.91	1.61	2.25	0.31	0.12	NA	1.19
Microsoft Corporation	36.09	36.09	2.41	11.8	0.36	0.15	0.01	38.69
Palantir Technologies Inc	357.55	357.55	3.13	0.38	0.12	0.05	NA	1.98
Palo Alto Networks, Inc.	49.18	49.18	2.09	5.57	0.75	0.03	NA	15.9
Adobe Systems Inc.	35.7	35.7	1.44	18.27	0.35	0.16	NA	32.69
Oracle Corp.	40.44	40.44	1.82	5.59	1.56	0.07	0.01	3.16

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Fortinet Inc.	Hold	$71.6B	339.85%	46.91	26.79%
Microsoft Corporation	Buy	$3.3T	177.64%	36.09	35.61%
Palantir Technologies Inc	Hold	$162.9B	681.16%	357.55	18.01%
Palo Alto Networks, Inc.	Buy	$124.3B	391.14%	49.18	32.11%
Adobe Systems Inc.	Buy	$194.3B	32.97%	35.7	25.59%
Oracle Corp.	Buy	$462.6B	214.26%	40.44	20.4%

About Fortinet

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 $94.85. .

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

Management People of Fortinet

Name	Title
Mr. Ken Xie	Founder, Chairman & CEO
Mr. Michael Xie	Founder, President, CTO & Director
Mr. Keith F. Jensen	Chief Financial Officer
Mr. John Whittle J.D.	COO & Corporate Secretary
Ms. Christiane Ohlgart	Chief Accounting Officer & Principal Accounting Officer
Mr. Trevor Pagliara	Executive Vice President of Sales
Mr. Chris Perna	Vice President of Talent Acquisition
Mr. Matthew Pley	Executive Vice President of America Sales
Mr. Robert May	Executive Vice President of Technology & Product Management
Mr. Joe Sarno	Executive Vice President of International Sales

Important FAQs about investing in Fortinet from India :

What is Fortinet share price today?

Fortinet share price today stands at $97.19, Open: $93.72 ; Previous Close: $94.85 ; High: $97.82 ; Low: $93.45 ; 52 Week High: $100.59 ; 52 Week Low: $54.57. The stock opens at $93.72, after a previous close of $94.85. The stock reached a daily high of $97.82 and a low of $93.45, with a 52-week high of $100.59 and a 52-week low of $54.57.

Can Indians buy Fortinet shares?

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

With INDmoney, you can buy Fortinet 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 at zero transaction cost.

How can I buy Fortinet shares from India?

It is very easy to buy Fortinet 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 be purchased?

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

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

To start investing in Fortinet, 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.