Fortinet, Inc.

Fortinet, Inc.verified

FTNT

Price:

$97.19

Market Cap:

$74.49B

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product fami...[Read more]

Industry

Software - Infrastructure

IPO Date

2009-11-18

Stock Exchange

NASDAQ

Ticker

FTNT

The Current Ratio as of December 2024 (TTM) for Fortinet, Inc. (FTNT) is 1.34

According to Fortinet, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.34. This represents a change of 6.36% compared to the average of 1.26 of the last 4 quarters.

Fortinet, Inc. (FTNT) Historical Current Ratio (quarterly & annually)

How has FTNT Current Ratio performed in the past?

The mean historical Current Ratio of Fortinet, Inc. over the last ten years is 1.66. The current 1.34 Current Ratio has changed 7.98% with respect to the historical average. Over the past ten years (40 quarters), FTNT's Current Ratio was at its highest in in the March 2015 quarter at 2.14. The Current Ratio was at its lowest in in the September 2022 quarter at 1.07.

Quarterly (TTM)
Annual

Average

1.66

Median

1.72

Minimum

1.19

Maximum

2.11

Fortinet, Inc. (FTNT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Fortinet, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 17.54%

Maximum Annual Current Ratio = 2.11

Minimum Annual Increase = -20.31%

Minimum Annual Current Ratio = 1.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.19-3.80%
20221.24-20.31%
20211.553.70%
20201.50-20.29%
20191.886.30%
20181.775.76%
20171.67-9.91%
20161.86-0.91%
20151.87-11.22%
20142.1117.54%

Fortinet, Inc. (FTNT) Average Current Ratio

How has FTNT Current Ratio performed in the past?

The current Current Ratio of Fortinet, Inc. (FTNT) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.33

5-year avg

1.47

10-year avg

1.66

Fortinet, Inc. (FTNT) Current Ratio vs. Peers

How is FTNT’s Current Ratio compared to its peers?

Fortinet, Inc.’s Current Ratio is less than CrowdStrike Holdings, Inc. (1.86), less than Okta, Inc. (1.34), less than Cloudflare, Inc. (3.37), less than MongoDB, Inc. (1.70), greater than Palo Alto Networks, Inc. (0.84), less than Splunk Inc. (1.57), greater than Adobe Inc. (1.07), less than Palantir Technologies Inc. (5.67), greater than Zscaler, Inc. (1.15), less than UiPath Inc. (3.13),

Build a custom stock screener for Fortinet, Inc. (FTNT) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Fortinet, Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Fortinet, Inc. (FTNT) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Fortinet, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the Current Ratio?

How can you use the Current Ratio?

What is Fortinet, Inc.'s Current Ratio?

How is the Current Ratio calculated for Fortinet, Inc. (FTNT)?

What is the highest Current Ratio for Fortinet, Inc. (FTNT)?

What is the 3-year average Current Ratio for Fortinet, Inc. (FTNT)?

What is the 5-year average Current Ratio for Fortinet, Inc. (FTNT)?

How does the current Current Ratio for Fortinet, Inc. (FTNT) compare to its historical average?