Fortinet Stock Revenue Per Share

FTNT Stock

USD 97.19 2.34 2.47%

Fortinet fundamentals help investors to digest information that contributes to Fortinet's financial success or failures. It also enables traders to predict the movement of Fortinet Stock. The fundamental analysis module provides a way to measure Fortinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortinet stock.

		Last Reported	Projected for Next Year
	Revenue Per Share	6.81	7.15

Revenue Per Share is likely to gain to 7.15 in 2024.

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Fortinet Company Revenue Per Share Analysis

Fortinet's Revenue per Share is a ratio of total revenue earned per one share of common stock over a single fiscal year. It is calculated by dividing sales revenue earned over 12 months by the average number of outstanding shares. Revenue used in the calculation of this ratio is typically recorded when cash or cash equivalents are exchanged for services or goods.

Current Fortinet Revenue Per Share

7.15

Most of Fortinet's fundamental indicators, such as Revenue Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fortinet Revenue Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortinet is extremely important. It helps to project a fair market value of Fortinet Stock properly, considering its historical fundamentals such as Revenue Per Share. Since Fortinet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortinet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortinet's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Good Will	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		-0.44	0.99	-0.25	-0.87	0.97	0.98	0.88	0.98	1.0	0.63	0.85	0.99	0.8	-0.55	0.86	0.9	-0.45	0.97	0.39	0.35	0.8	0.67
Total Stockholder Equity	-0.44		-0.55	-0.52	0.82	-0.5	-0.57	-0.12	-0.59	-0.38	-0.28	-0.76	-0.58	-0.08	0.98	-0.08	-0.64	0.49	-0.42	0.42	0.52	-0.83	-0.69
Current Deferred Revenue	0.99	-0.55		-0.2	-0.93	0.97	1.0	0.82	1.0	0.98	0.62	0.91	1.0	0.72	-0.64	0.82	0.95	-0.54	0.95	0.26	0.23	0.87	0.74
Net Debt	-0.25	-0.52	-0.2		-0.05	-0.28	-0.2	-0.24	-0.12	-0.34	-0.18	0.02	-0.16	-0.4	-0.46	-0.61	-0.21	0.37	-0.24	-0.35	-0.49	0.1	0.19
Retained Earnings	-0.87	0.82	-0.93	-0.05		-0.89	-0.94	-0.59	-0.94	-0.84	-0.57	-0.96	-0.94	-0.54	0.87	-0.62	-0.94	0.62	-0.83	0.04	0.1	-0.96	-0.8
Accounts Payable	0.97	-0.5	0.97	-0.28	-0.89		0.98	0.76	0.96	0.96	0.62	0.87	0.97	0.8	-0.61	0.84	0.92	-0.52	0.96	0.27	0.23	0.83	0.59
Net Receivables	0.98	-0.57	1.0	-0.2	-0.94	0.98		0.79	0.99	0.97	0.61	0.92	0.99	0.72	-0.66	0.81	0.96	-0.56	0.95	0.22	0.19	0.89	0.73
Short Term Investments	0.88	-0.12	0.82	-0.24	-0.59	0.76	0.79		0.81	0.88	0.51	0.58	0.81	0.72	-0.23	0.79	0.64	-0.16	0.86	0.64	0.61	0.5	0.56
Total Liab	0.98	-0.59	1.0	-0.12	-0.94	0.96	0.99	0.81		0.97	0.62	0.91	1.0	0.73	-0.68	0.79	0.93	-0.5	0.95	0.27	0.21	0.88	0.74
Total Current Assets	1.0	-0.38	0.98	-0.34	-0.84	0.96	0.97	0.88	0.97		0.62	0.82	0.97	0.8	-0.48	0.89	0.89	-0.48	0.96	0.41	0.39	0.77	0.65
Short Term Debt	0.63	-0.28	0.62	-0.18	-0.57	0.62	0.61	0.51	0.62	0.62		0.57	0.63	0.58	-0.41	0.63	0.55	-0.29	0.61	0.22	0.19	0.5	0.38
Common Stock	0.85	-0.76	0.91	0.02	-0.96	0.87	0.92	0.58	0.91	0.82	0.57		0.9	0.46	-0.82	0.58	0.95	-0.61	0.77	-0.1	-0.13	0.99	0.82
Property Plant Equipment	0.99	-0.58	1.0	-0.16	-0.94	0.97	0.99	0.81	1.0	0.97	0.63	0.9		0.74	-0.67	0.8	0.93	-0.52	0.96	0.28	0.23	0.87	0.72
Intangible Assets	0.8	-0.08	0.72	-0.4	-0.54	0.8	0.72	0.72	0.73	0.8	0.58	0.46	0.74		-0.22	0.86	0.54	-0.1	0.84	0.65	0.59	0.4	0.18
Net Tangible Assets	-0.55	0.98	-0.64	-0.46	0.87	-0.61	-0.66	-0.23	-0.68	-0.48	-0.41	-0.82	-0.67	-0.22		-0.19	-0.7	0.46	-0.52	0.34	0.45	-0.87	-0.67
Capital Surpluse	0.86	-0.08	0.82	-0.61	-0.62	0.84	0.81	0.79	0.79	0.89	0.63	0.58	0.8	0.86	-0.19		0.72	-0.41	0.85	0.49	0.52	0.5	0.43
Deferred Long Term Liab	0.9	-0.64	0.95	-0.21	-0.94	0.92	0.96	0.64	0.93	0.89	0.55	0.95	0.93	0.54	-0.7	0.72		-0.73	0.85	0.01	0.03	0.94	0.77
Long Term Investments	-0.45	0.49	-0.54	0.37	0.62	-0.52	-0.56	-0.16	-0.5	-0.48	-0.29	-0.61	-0.52	-0.1	0.46	-0.41	-0.73		-0.4	0.28	0.17	-0.63	-0.53
Good Will	0.97	-0.42	0.95	-0.24	-0.83	0.96	0.95	0.86	0.95	0.96	0.61	0.77	0.96	0.84	-0.52	0.85	0.85	-0.4		0.47	0.43	0.73	0.57
Net Invested Capital	0.39	0.42	0.26	-0.35	0.04	0.27	0.22	0.64	0.27	0.41	0.22	-0.1	0.28	0.65	0.34	0.49	0.01	0.28	0.47		0.96	-0.16	-0.17
Net Working Capital	0.35	0.52	0.23	-0.49	0.1	0.23	0.19	0.61	0.21	0.39	0.19	-0.13	0.23	0.59	0.45	0.52	0.03	0.17	0.43	0.96		-0.19	-0.16
Capital Stock	0.8	-0.83	0.87	0.1	-0.96	0.83	0.89	0.5	0.88	0.77	0.5	0.99	0.87	0.4	-0.87	0.5	0.94	-0.63	0.73	-0.16	-0.19		0.83
Long Term Debt Total	0.67	-0.69	0.74	0.19	-0.8	0.59	0.73	0.56	0.74	0.65	0.38	0.82	0.72	0.18	-0.67	0.43	0.77	-0.53	0.57	-0.17	-0.16	0.83

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Fortinet Revenue Per Share Historical Pattern

Today, most investors in Fortinet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fortinet's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's revenue per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Fortinet revenue per share as a starting point in their analysis.

Fortinet Revenue Per Share

Timeline

Revenue per share does not take into account any of company expenses and is helpful only when comparing relative sale figures within a given industry.

Competition

Predict Fortinet

Revenue Per Share Over Time

Fortinet Common Stock Shares Outstanding

Common Stock Shares Outstanding

858.43 Million

At this time, Fortinet's Common Stock Shares Outstanding is comparatively stable compared to the past year.

Fortinet Revenue Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortinet's direct or indirect competition against its Revenue Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics of similar companies.

Fortinet is currently under evaluation in revenue per share category among its peers.

Fortinet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.

Environmental

Governance

Social

Fortinet Fundamentals

	Return On Equity	0.31
	Return On Asset	0.12
	Profit Margin	0.27 %
	Operating Margin	0.31 %
	Current Valuation	71.78 B
	Shares Outstanding	766.45 M
	Shares Owned By Insiders	17.49 %
	Shares Owned By Institutions	69.91 %
	Number Of Shares Shorted	12.75 M
	Price To Earning	58.79 X
	Price To Book	82.03 X
	Price To Sales	13.04 X
	Revenue	5.3 B
	Gross Profit	3.33 B
	EBITDA	1.24 B
	Net Income	1.15 B
	Cash And Equivalents	1.73 B
	Cash Per Share	2.21 X
	Total Debt	1.07 B
	Debt To Equity	4.24 %
	Current Ratio	1.07 X
	Book Value Per Share	1.19 X
	Cash Flow From Operations	1.94 B
	Short Ratio	2.23 X
	Earnings Per Share	1.99 X
	Price To Earnings To Growth	1.68 X
	Target Price	96.64
	Number Of Employees	13.99 K
	Beta	1.0
	Market Capitalization	74.49 B
	Total Asset	7.26 B
	Retained Earnings	(1.86 B)
	Working Capital	709.3 M
	Current Asset	1.27 B
	Current Liabilities	678.67 M
	Net Asset	7.26 B

About Fortinet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Fortinet Stock Analysis

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.

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