Fortinet, Inc. provides an integrated platform, the Fortinet Security Fabric, that spans networking, unified Secure Access Service Edge (SASE) and AI-driven security operations to deliver cybersecurity where customers need it. It offers solutions to enterprises, such as in the financial services, retail and operational technology market verticals, communication and security service providers, government organizations and small and medium-sized businesses. Its Secure Networking solutions focuses on the convergence of networking and security via its network firewall and its switches, access points and other secure connectivity solutions. We show 64 historical shares outstanding datapoints in our FTNT shares outstanding history coverage, used to compute FTNT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FTNT market cap history over the course of time is important for investors
interested in comparing FTNT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of FTNT versus a peer is one thing; comparing
FTNT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like FTNT can fluctuate over the course of history.
With this page we aim to empower investors researching FTNT by allowing them to research the FTNT market cap history. |
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Video: The Importance of Market Cap
