FTNT
Fortinet Inc. Technology - Cybersecurity Investor Relations →
Fortinet Inc. (FTNT) closed at $82.76 as of 2026-02-02, trading 15.6% above its 200-week moving average of $71.60. The stock moved further from the line this week, up from 13.6% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Over the past 798 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 $63.4 billion, FTNT is a large-cap stock. The company generates a free cash flow yield of 2.7%. Return on equity stands at 228.0%, indicating strong profitability. The stock trades at 49.7x book value.
The company has been aggressively buying back shares, reducing its share count by 5.3% over the past three years.
Over the past 15.4 years, a hypothetical investment of $100 in FTNT would have grown to $2759, compared to $766 for the S&P 500. That represents an annualized return of 24.0% vs 14.1% 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 16% compound annual rate, with 4 consecutive years of positive cash generation.
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% | +2260.5% |
| May 2013 | May 2013 | 1 | 0.8% | +19.8% | +2160.0% |
| Jun 2013 | Jul 2013 | 4 | 6.0% | +33.1% | +2232.6% |
| Nov 2013 | Jan 2014 | 6 | 10.7% | +61.2% | +2319.9% |
| May 2014 | May 2014 | 1 | 1.3% | +91.6% | +1932.4% |
| Feb 2016 | Feb 2016 | 3 | 9.3% | +50.2% | +1547.9% |
| Average | 3 | — | +46.6% | — |
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 Friday close, 2026-02-02