FTNT
Price:
$75.155
Market Cap:
$57.49B
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
According to Fortinet, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.32. This represents a change of 5.36% compared to the average of 1.25 of the last 4 quarters.
The mean historical Current Ratio of Fortinet, Inc. over the last ten years is 1.66. The current 1.32 Current Ratio has changed 7.84% 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.
Average
1.66
Median
1.72
Minimum
1.19
Maximum
2.11
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
Year | Current Ratio | Change |
---|---|---|
2023 | 1.19 | -3.80% |
2022 | 1.24 | -20.31% |
2021 | 1.55 | 3.70% |
2020 | 1.50 | -20.29% |
2019 | 1.88 | 6.30% |
2018 | 1.77 | 5.76% |
2017 | 1.67 | -9.91% |
2016 | 1.86 | -0.91% |
2015 | 1.87 | -11.22% |
2014 | 2.11 | 17.54% |
The current Current Ratio of Fortinet, Inc. (FTNT) is less than 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.’s Current Ratio is less than CrowdStrike Holdings, Inc. (1.81), less than Okta, Inc. (1.83), less than Cloudflare, Inc. (3.51), less than MongoDB, Inc. (4.85), greater than Palo Alto Networks, Inc. (0.84), less than Splunk Inc. (1.57), greater than Adobe Inc. (1.16), less than Palantir Technologies Inc. (5.92), greater than Zscaler, Inc. (1.04), less than UiPath Inc. (3.47),
Company | Current Ratio | Market cap |
---|---|---|
1.81 | $60.40B | |
1.83 | $11.77B | |
3.51 | $25.99B | |
4.85 | $20.82B | |
0.84 | $108.74B | |
1.57 | $26.44B | |
1.16 | $249.82B | |
5.92 | $64.98B | |
1.04 | $23.70B | |
3.47 | $6.85B |
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How does the current Current Ratio for Fortinet, Inc. (FTNT) compare to its historical average?