Fortinet FTNT
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Fortinet (FTNT) Business Model and Operations Summary
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
Key Insights
Fortinet (FTNT) Core Market Data and Business Metrics
Latest Closing Price
$96.67Market Cap
$74.33 BillionPrice-Earnings Ratio
48.58Total Outstanding Shares
768.97 Million SharesTotal Employees
14,138Dividend
No dividendIPO Date
November 18, 2009SIC Description
Computer Peripheral Equipment, NecPrimary Exchange
NASDAQHeadquarters
909 Kifer Road, Sunnyvale, CA, 94086
Historical Stock Splits
If you bought 1 share of FTNT before June 2, 2011, you'd have 10 shares today.
| Execution Date | Split Amount |
|---|---|
| June 23, 2022 | 5-for-1 |
| June 2, 2011 | 2-for-1 |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow | $302.50 Million |
| Net Cash Flow From Operating Activities | $1.97 Billion |
| Net Cash Flow From Financing Activities, Continuing | $-951.40 Million |
| Net Cash Flow From Financing Activities | $-951.40 Million |
| Net Cash Flow From Investing Activities, Continuing | $-719.10 Million |
| Net Cash Flow From Operating Activities, Continuing | $1.97 Billion |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Income Tax Expense/Benefit | $292.40 Million |
| Basic Average Shares | $2.29 Billion |
| Costs And Expenses | $3.86 Billion |
| Preferred Stock Dividends And Other Adjustments | $0 |
| Income/Loss From Continuing Operations Before Tax | $1.86 Billion |
| Income/Loss From Equity Method Investments | $-33.40 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $1.54 Billion |
| Comprehensive Income/Loss | $1.54 Billion |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Other Comprehensive Income/Loss | $6.30 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Fixed Assets | $1.27 Billion |
| Intangible Assets | $111.60 Million |
| Other Non-current Assets | $2.25 Billion |
| Equity | $908.10 Million |
| Liabilities And Equity | $8.85 Billion |
| Noncurrent Assets | $3.63 Billion |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||