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 $51.32, down 0.98% from the previous day, and has decreased 0.54% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.36 percentage points. Fortinet stock is currently +16.32% from its 52-week low of $44.12, and -36.83% from its 52-week high of $81.24.
As of Dec 7, 2023, there are 767.91M FTNT shares outstanding. The market cap of FTNT is $39.41B. In the past 24 hours, 6.29M 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
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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 undervalued based on its P/E ratio of 34.91x, relative to Software - Infrastructure industry P/E ratio of -23.21x
- FTNT could be overvalued based on its P/B ratio of 531.84x, relative to Software - Infrastructure industry P/B ratio of 11.93x
You can do more valuation analysis on FTNT's stock here.
A look at FTNT Cashflows and Balance Sheet
Positive Health Checks:
- FTNT earnings of $1.23B is not enough to cover its interest payments.
- FTNT's operating cash flow of $2.27B allows it to safely service it's debt of $991.80M.
- There are more short-term assets than short-term liabilities on the FTNT balance sheet.
- FTNT profit margin has gone up from 18.1% to 22.2% in the past year.
- There are more short-term assets than long-term liabilities on the FTNT balance sheet.
Negative Health Checks:
- FTNT has a relatively high debt to equity ratio of 99.94.
- Total FTNT debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy FTNT stock
Out of 22 Equities analysts who give ratings on FTNT, the consensus analyst rating on Fortinet is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent FTNT Analyst Ratings
Dan Bergstrom, a bottom 16% analyst from RBC Capital maintains FTNT with a hold rating and lowers their FTNT price target from $68.00 to $55.00, on Nov 3, 2023.
Hamza Fodderwala, a top 21% analyst from Morgan Stanley maintains FTNT with a strong buy rating and lowers their FTNT price target from $75.00 to $60.00, on Nov 3, 2023.
Adam Borg, a top 25% analyst from Stifel Nicolaus downgrades FTNT to a hold rating and lowers their FTNT price target from $69.00 to $52.00, on Nov 3, 2023.
Amit Daryanani, a top 4% analyst from Evercore ISI Group downgrades FTNT to a hold rating and lowers their FTNT price target from $78.00 to $51.00, on Nov 3, 2023.
Brian Essex, a top 18% analyst from JP Morgan downgrades FTNT to a hold rating and lowers their FTNT price target from $67.00 to $52.00, on Nov 3, 2023.
You can dig deeper into what analysts are forecasting on the Fortinet stock forecast page.
Metrics for Advanced FTNT Traders
FTNT Revenue
Last year, FTNT earnings were $1.15B. Over the last five year, FTNT's earnings have gone up by 58.71% per year. This was faster than the Software - Infrastructure industry average of 28.91%.
Last year, FTNT revenue was $5.17B. During the last five year, FTNT's revenue has grown by 24.77% per year. This was faster than the Software - Infrastructure industry average of 17.34%.
Find out more about FTNT's earnings and revenue performance here.
Who is buying/selling FTNT?
In the last 12 months, executives and large shareholders at FTNT have sold more shares than they have bought.
William H. Neukom, Director of FTNT, was the latest FTNT insider to buy. They bought $34,943.00 worth of FTNT stock on Dec 6, 2023.
Research more about who owns FTNT shares here.
Can I rely on FTNT as an income stream?
No, Fortinet doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your FTNT trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Click the Open Trade button and eToro will place your order.
If you need additional assistance buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your FTNT position
Now that you own some FTNT stock, you'll want to stay up-to-date on your shares.
Start a watchlist to get notified of the latest news about 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Fortinet, add FTNT to your watchlist below.
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