Fortinet Stock Today
| FTNT Stock | USD 78.84 0.04 0.05% |
Performance13 of 100
| Odds Of DistressLess than 1
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Fortinet is selling for under 78.84 as of the 5th of November 2024; that is 0.05 percent increase since the beginning of the trading day. The stock's last reported lowest price was 77.8. Fortinet has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on May 14, 2024, Senator Tommy Tuberville of US Senate acquired under $15k worth of Fortinet's common stock.
Business Domain Software & Services | IPO Date 18th of November 2009 | Category Technology | Classification Information Technology |
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 764.91 M outstanding shares of which 12.95 M shares are currently shorted by private and institutional investors with about 3.11 trading days to cover. More on Fortinet
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Fortinet Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Co-Founder, Chairman and CEO | Ken Xie | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Computers (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Systems Software, Software - Infrastructure, Information Technology, SP 500 Index, Nasdaq 100, NASDAQ Composite, NASDAQ 100 Technology, NASDAQ 100 Pre, NASDAQ Composite Total, Computers, Information Technology, Software, Software—Infrastructure, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsFortinet can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Fortinet's financial leverage. It provides some insight into what part of Fortinet's total assets is financed by creditors.
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Fortinet (FTNT) is traded on NASDAQ Exchange in USA. It is located in 909 Kifer Road, Sunnyvale, CA, United States, 94086 and employs 13,527 people. Fortinet is listed under Systems Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 60.31 B. Fortinet conducts business under Software sector and is part of Information Technology industry. The entity has 764.91 M outstanding shares of which 12.95 M shares are currently shorted by private and institutional investors with about 3.11 trading days to cover.
Fortinet currently holds about 1.73 B in cash with 1.94 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21.
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Ownership AllocationFortinet holds a total of 764.91 Million outstanding shares. The majority of Fortinet outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Fortinet to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Fortinet. Please pay attention to any change in the institutional holdings of Fortinet as this could imply that something significant has changed or is about to change at the company. On May 14, 2024, Senator Tommy Tuberville of US Senate acquired under $15k worth of Fortinet's common stock.
Check Fortinet Ownership Details
Fortinet Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| T. Rowe Price Investment Management,inc. | 2024-06-30 | 6.8 M | |
| Swedbank Ab | 2024-09-30 | 6.8 M | |
| First Trust Advisors L.p. | 2024-06-30 | 6.7 M | |
| Legal & General Group Plc | 2024-06-30 | 6.7 M | |
| Amvescap Plc. | 2024-06-30 | 6.6 M | |
| Marshall Wace Asset Management Ltd | 2024-06-30 | 6.2 M | |
| Northern Trust Corp | 2024-06-30 | 5.8 M | |
| Van Eck Associates Corporation | 2024-06-30 | 5.8 M | |
| Ubs Asset Mgmt Americas Inc | 2024-06-30 | 5.2 M | |
| Vanguard Group Inc | 2024-06-30 | 66.9 M | |
| Blackrock Inc | 2024-06-30 | 55.2 M |
Fortinet Historical Income Statement
Fortinet Stock Against Markets
Fortinet Corporate Management
| John Whittle | VP of Corporate Devel. and Strategic Alliances and General Counsel | Profile | |
| Chris Perna | Vice Acquisition | Profile | |
| Matthew Pley | Executive Sales | Profile | |
| Trevor Pagliara | Senior Sales | Profile |
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