FTNT
Fortinet Inc. Technology - Cybersecurity Investor Relations →
Fortinet Inc. (FTNT) closed at $81.40 as of 2026-03-20, trading 12.6% above its 200-week moving average of $72.31. The stock is currently moving closer to the line, down from 15.6% last week. The 14-week RSI sits at 49, indicating neutral momentum.
Trading volume is running at 1.6x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.97 ratio) is neutral — neither side is clearly dominating.
Over the past 804 weeks of data, FTNT has crossed below its 200-week moving average 6 times. On average, these episodes lasted 3 weeks. Historically, investors who bought FTNT at the start of these episodes saw an average one-year return of +46.6%.
With a market cap of $60.5 billion, FTNT is a large-cap stock. The company generates a free cash flow yield of 2.9%. Return on equity stands at 135.7%, indicating strong profitability. The stock trades at 48.9x book value.
Over the past 15.5 years, a hypothetical investment of $100 in FTNT would have grown to $2713, compared to $721 for the S&P 500. That represents an annualized return of 23.7% vs 13.6% for the index — confirming FTNT as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 15.4% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: FTNT vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After FTNT Crosses Below the Line?
Across 6 historical episodes, buying FTNT when it crossed below its 200-week moving average produced an average return of +41.3% after 12 months (median +44.0%), compared to +19.7% for the S&P 500 over the same periods. 100% of those episodes were profitable after one year. After 24 months, the average return was +98.8% vs +30.3% for the index.
Each line shows $100 invested at the moment FTNT crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
FTNT has crossed below its 200-week MA 6 times with an average 1-year return of +46.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2013 | May 2013 | 3 | 5.9% | +23.4% | +2221.7% |
| May 2013 | May 2013 | 1 | 0.8% | +19.8% | +2122.8% |
| Jun 2013 | Jul 2013 | 4 | 6.0% | +33.1% | +2194.3% |
| Nov 2013 | Jan 2014 | 6 | 10.7% | +61.2% | +2280.1% |
| May 2014 | May 2014 | 1 | 1.3% | +91.6% | +1899.0% |
| Feb 2016 | Feb 2016 | 3 | 9.3% | +50.2% | +1520.9% |
| Average | 3 | — | +46.6% | — |
Frequently Asked Questions
Is FTNT below its 200-week moving average?
No. Fortinet Inc. (FTNT) is currently 12.6% above its 200-week moving average of $72.31. It would need to fall to $72.31 to cross below the line.
What is FTNT's 200-week moving average price?
Fortinet Inc.'s 200-week moving average is $72.31 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when FTNT drops below its 200-week moving average?
FTNT has crossed below its 200-week moving average 6 times in our data. On average, buying at that moment produced a one-year return of +46.6%. These dips have historically been decent entry points. These episodes lasted 3 weeks on average.
Is FTNT a good value right now?
Here's what our data says about FTNT as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 49. Free cash flow yield is 2.9%. Return on equity is 135.7%. Price-to-book is 48.9x. This is not a buy or sell recommendation — always do your own research.
How does FTNT compare to the S&P 500?
Over the past 15.5 years, $100 invested in FTNT would have grown to $2713, compared to $721 for the S&P 500. That's 23.7% annualized vs 13.6% for the index. FTNT has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20