Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Fortinet's share price for the quarter that ended in Sep. 2024 was $77.55. Fortinet's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 766 Mil. Therefore, Fortinet's market cap for the quarter that ended in Sep. 2024 was $59,380 Mil.
Fortinet's quarterly market cap
declined
from Mar. 2024 ($52,134 Mil) to Jun. 2024 ($46,058 Mil) but then
increased
from Jun. 2024 ($46,058 Mil) to Sep. 2024 ($59,380 Mil).
Fortinet's annual market cap
declined
from Dec. 2021 ($58,223 Mil) to Dec. 2022 ($38,208 Mil) but then
increased
from Dec. 2022 ($38,208 Mil) to Dec. 2023 ($44,541 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Fortinet's Enterprise Value for Today is $72,436 Mil.
Fortinet Market Cap Historical Data
The historical data trend for Fortinet's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, Fortinet's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortinet's Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Fortinet's Market Cap distribution charts can be found below:
* The bar in red indicates where Fortinet's Market Cap falls into.
Fortinet Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Fortinet's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortinet (NAS:FTNT) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Fortinet Market Cap Related Terms
Thank you for viewing the detailed overview of Fortinet's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.
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