How to Buy Fortinet Stock
Fortinet Inc
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Fortinet stock last closed at $78.01, up 1.34% from the previous day, and has increased 33.9% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.58 percentage points. Fortinet stock is currently +76.81% from its 52-week low of $44.12, and -0.62% from its 52-week high of $78.50.
As of Oct 4, 2024, there are 764.91M FTNT shares outstanding. The market cap of FTNT is $59.67B. In the past 24 hours, 3.12M FTNT shares were traded.
How to Buy Fortinet Stock
Not sure how to invest in Fortinet stock? Here's how.
- Choose where to buy Fortinet stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Fortinet stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Choose your method of payment and add your details.
- Research Fortinet stock: The Fortinet ticker symbol is FTNT. Is Fortinet stock a good investment? Should you buy shares of FTNT? How do FTNT's underlying business fundamentals look? Do top analysts think Fortinet is a good buy? Why has FTNT's stock price moved recently? (Hint: Our stock analysis website can help you decide if FTNT is a good stock to buy).
- Place your FTNT trade: Decide if you will purchase FTNT shares at the current market price or use a limit order to buy FTNT shares at a specific price.
- Get key alerts regarding your FTNT position: Create a watchlist to the latest updates on your new investment in Fortinet stock.
Step 1: Choose where to buy Fortinet stock
You will need an online brokerage account to access the NASDAQ market and buy FTNT shares.
Our preferred brokerage: eToro
We believe that eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your stock purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you can invest in FTNT today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create your new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've opened your account on a investment app, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring funds into your brokerage account.
Step 4: Research Fortinet stock
After you have chosen the best place to buy Fortinet stock, it's critical to research their stock prior to investing, so you actually comprehend the risk and upside.
Fortinet stock quick numbers
FTNT Zen Score
WallStreetZen was created to help average investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on FTNT's stock page.
What is the fair value of FTNT stock?
Analysts use many financial metrics, analyses, models, and charts to gauge FTNT's true value.
Using relative valuations measures:
- FTNT may be overvalued based on its P/E ratio of 45.89x, relative to Software - Infrastructure industry P/E ratio of 32.51x
- FTNT could be overvalued based on its P/B ratio of 207.05x, relative to Software - Infrastructure industry P/B ratio of 11.69x
- FTNT may be overvalued based on its PEG ratio of 8.63x
You can do additional valuation research on FTNT's stock here.
FTNT Financial Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the FTNT balance sheet.
- FTNT's operating cash flow of $1.92B allows it to safely service it's debt of $993.30M.
- FTNT profit margin has gone up from 21.2% to 23.7% in the past year.
- There are more short-term assets than short-term liabilities on the FTNT balance sheet.
- FTNT earnings of $1.54B is not enough to cover its interest payments.
Negative Health Checks:
- FTNT has a relatively high debt to equity ratio of 26.94.
- Total FTNT debt is higher than 5 years ago, relative to shareholder equity.
Is FTNT stock a Buy, Hold, or Sell, according to analysts?
Out of 23 sell side analysts who give ratings on FTNT, the consensus analyst rating on FTNT is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest FTNT Analyst Ratings
Brian Essex, a top 14% analyst from JP Morgan maintains FTNT with a hold rating and raises their FTNT price target from $63.00 to $70.00, on Aug 7, 2024.
Dan Bergstrom, a bottom 9% analyst from RBC Capital maintains FTNT with a hold rating and raises their FTNT price target from $68.00 to $72.00, on Aug 7, 2024.
Shrenik Kothari, a top 7% analyst from Baird maintains FTNT with a buy rating and raises their FTNT price target from $75.00 to $80.00, on Aug 7, 2024.
Daniel Ives, a top 2% analyst from Wedbush reiterates FTNT with a buy rating and maintains their FTNT price target from $78.00 to $78.00, on Aug 7, 2024.
Keith Bachman, a top 2% analyst from BMO Capital maintains FTNT with a hold rating and raises their FTNT price target from $70.00 to $76.00, on Aug 7, 2024.
You can dig deeper into what analysts are forecasting on the Fortinet stock forecast page.
Metrics for Advanced FTNT Traders
FTNT Earnings
Last year, FTNT earnings were $1.31B. During the last 5 year, FTNT's earnings have increased by 30.92% per year. This was faster than the Software - Infrastructure industry average of 26.35%.
Last year, FTNT revenue was $5.54B. Over the last 5 year, FTNT's revenue has gone up by 23.1% per year. This was faster than the Software - Infrastructure industry average of 17.66%.
Dive into FTNT's earnings and revenue performance here.
What are FTNT executives and large shareholders up to?
Over the past year, insiders at FTNT have bought more shares than they have sold.
Ken Xie, PRESIDENT CEO of FTNT, was the latest FTNT insider to sell. They sold $83,226.00 worth of FTNT shares on Sep 18, 2024.
Get more info about who owns FTNT shares here.
Can I get consistent income from FTNT stock?
No, Fortinet doesn't provide an income stream by paying out dividends.
FTNT Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your FTNT trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and eToro will execute your order.
If you require more assistance buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your FTNT position
Now that you own some shares in FTNT, you'll want to keep up with your investment.
Add FTNT to a watchlist to track the latest developments regarding your FTNT stock.
FTNT Feed
How to Buy Stock in Fortinet
To reiterate, here are the 6 steps you need to take to buy Fortinet stock right now:
- Choose where to buy Fortinet stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Research Fortinet stock
- Place your FTNT trade
- Get key alerts regarding your FTNT position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Fortinet, click below.
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