Company context

Fortinet, Inc.

NASDAQ:FTNT

Information Technology Services · benchmarked against Technology Services inside the IGV constituent company universe.

Active tabPeers

Current readMixed

Last close157.35

1M return-3.08%

OverviewVerdict, thesis map, and valuation setup.FundamentalsDrivers, trajectory, and business quality.Financial reportsStatement tables, sorting, filtering, and acceleration.Ex-ante forecastTarget price, dividend yield, and total return by horizon.FactorsCompany factor exposure, rank, and universe context.Market viewMomentum, catalysts, charts, and symbol packet.AttributionLarge-move causes, residuals, and research backlog.OwnershipSEC 13F holder flow, crowding, and manager changes.PeersPeer heatmap and closest comparables.

Tab scope

Relative comparables

Peers

Source and lookbackPeer fundamentals and stored return summaries4221 stored daily bars; peer return rows use each peer's stored price summary where available.

Sample and caveat12 closest comparables from industry, sector, and market peer pools.Use this tab for its stated job; heavier model packets stay on their own tabs.

Peer return matrix

Cumulative returns across peer horizons

Stored daily closes, when available

NASDAQ:FTNT 1W -2.13%, 1M -3.08%, 3M +24.39%, 6M +94.02%, 1Y +99.76%, 3Y +167.56%; NASDAQ:WDAY 1W -2.98%, 1M +2.25%, 3M +9.47%, 6M -1.75%, 1Y -38.87%, 3Y -40.46%; NASDAQ:CDNS 1W -5.38%, 1M -8.18%, 3M -0.28%, 6M +14.77%, 1Y -1.54%, 3Y +48.39%; NASDAQ:EA 1W +0.60%, 1M +1.89%, 3M +3.99%, 6M +3.91%, 1Y +21.59%, 3Y +74.68%; NYSE:NOW 1W -1.81%, 1M -5.37%, 3M -1.25%, 6M -9.77%, 1Y -44.34%, 3Y -9.40%; NASDAQ:ADSK 1W -2.17%, 1M +2.32%, 3M -12.79%, 6M -16.20%, 1Y -32.52%, 3Y -1.66%; NASDAQ:CRWD 1W -5.95%, 1M -3.88%, 3M -69.03%, 6M -51.04%, 1Y -54.77%, 3Y +28.12%; NASDAQ:SNPS 1W -6.75%, 1M -12.07%, 3M -21.98%, 6M -8.35%, 1Y -35.56%, 3Y -12.06%; NASDAQ:ADBE 1W -3.31%, 1M +4.33%, 3M -11.00%, 6M -16.04%, 1Y -36.22%, 3Y -56.67%; NASDAQ:INTU 1W -1.63%, 1M +6.56%, 3M -28.07%, 6M -33.08%, 1Y -56.52%, 3Y -44.13%; NASDAQ:ROP 1W -3.06%, 1M -3.07%, 3M +6.66%, 6M -0.83%, 1Y -32.92%, 3Y -28.64%

Company1W1M

3M

6M

1Y

3Y

NASDAQ:FTNT-2.13%-3.08%+24.39%+94.02%+99.76%+167.56%

NASDAQ:WDAY-2.98%+2.25%+9.47%-1.75%-38.87%-40.46%

NASDAQ:CDNS-5.38%-8.18%-0.28%+14.77%-1.54%+48.39%

NASDAQ:EA+0.60%+1.89%+3.99%+3.91%+21.59%+74.68%

NYSE:NOW-1.81%-5.37%-1.25%-9.77%-44.34%-9.40%

NASDAQ:ADSK-2.17%+2.32%-12.79%-16.20%-32.52%-1.66%

NASDAQ:CRWD-5.95%-3.88%-69.03%-51.04%-54.77%+28.12%

NASDAQ:SNPS-6.75%-12.07%-21.98%-8.35%-35.56%-12.06%

NASDAQ:ADBE-3.31%+4.33%-11.00%-16.04%-36.22%-56.67%

NASDAQ:INTU-1.63%+6.56%-28.07%-33.08%-56.52%-44.13%

NASDAQ:ROP-3.06%-3.07%+6.66%-0.83%-32.92%-28.64%

Peer scorecard analytics

Different ways to compare this peer set

11 companies including target

Return leadership

NASDAQ:FTNT+99.76% 1Y · +167.56% 3Y

NASDAQ:EA+21.59% 1Y · +74.68% 3Y

NASDAQ:CDNS-1.54% 1Y · +48.39% 3Y

NASDAQ:ADSK-32.52% 1Y · -1.66% 3Y

Risk and quality spread

NASDAQ:FTNTGM +80.30% · ROE +132.39%

NASDAQ:ADBEGM +88.82% · ROE +62.95%

NASDAQ:ADSKGM +85.68% · ROE +50.40%

NASDAQ:CDNSGM +85.15% · ROE +20.66%

Valuation screen

NASDAQ:ADBEP/E 13.43 · FCF yield +11.02%

NASDAQ:INTUP/E 17.79 · FCF yield +9.60%

NASDAQ:ROPP/E 22.67 · FCF yield +6.97%

NASDAQ:ADSKP/E 31.82 · FCF yield +5.94%

Valuation versus growth

P/E against 1Y return

NASDAQ:FTNT P/E 61.96 1Y +99.76%, NASDAQ:WDAY P/E 45.93 1Y -38.87%, NASDAQ:CDNS P/E 77.02 1Y -1.54%, NASDAQ:EA P/E 59.83 1Y +21.59%, NYSE:NOW P/E 62.28 1Y -44.34%, NASDAQ:ADSK P/E 31.82 1Y -32.52%, NASDAQ:CRWD P/E n/a 1Y -54.77%, NASDAQ:SNPS P/E 87.56 1Y -35.56%, NASDAQ:ADBE P/E 13.43 1Y -36.22%, NASDAQ:INTU P/E 17.79 1Y -56.52%, NASDAQ:ROP P/E 22.67 1Y -32.92%

Peer heatmap

Where this company wins and lags

12 stored peers

CompanyP/E TTMPrice / SalesFCF yieldGross marginReturn on equityDebt / Equity

NASDAQ:FTNTFortinet, Inc.

61.9633rd pctile16.8922nd pctile+2.07%33rd pctile+80.30%78th pctile+132.39%96th pctile0.5041st pctile

NASDAQ:WDAYWorkday, Inc.

45.9383rd pctile3.74100th pctile+8.17%100th pctile+75.76%29th pctile+10.86%29th pctile0.5714th pctile

NASDAQ:CDNSCadence Design Systems, Inc.

77.0217th pctile16.3429th pctile+1.57%14th pctile+85.15%86th pctile+20.66%71st pctile0.4743rd pctile

NASDAQ:EAElectronic Arts Inc.

59.8367th pctile7.0171st pctile+4.43%71st pctile+78.33%57th pctile+13.49%43rd pctile0.2771st pctile

NYSE:NOWServiceNow, Inc.

62.2833rd pctile7.6957th pctile+4.29%57th pctile+76.56%43rd pctile+16.07%57th pctile0.2186th pctile

NASDAQ:ADSKAutodesk, Inc.

31.82100th pctile6.1686th pctile+5.94%86th pctile+85.68%100th pctile+50.40%86th pctile0.850th pctile

NASDAQ:CRWDCrowdStrike Holdings, Inc.

n/an/a41.120th pctile+0.71%0th pctile+74.89%14th pctile-1.12%0th pctile0.18100th pctile

NASDAQ:SNPSSynopsys, Inc.

87.560th pctile8.5143rd pctile+3.63%43rd pctile+64.88%0th pctile+3.83%14th pctile0.3657th pctile

Color ranks each metric in the favorable direction, so lower leverage and cheaper multiples can still score green.