Fortinet, Inc.

FTNT · Technology · · USD

117.69 USD

+0.00 (3.35%)

● Updated 2026-05-14 12:47 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score STRONG BUY Mid-term (Position)

/ 100

Technical 80

Trend & RS 97

Momentum 100

Fundamental 83

Macro 72

Liquidity 52

Component	Score	Weight
Technical	80.0	20%
Trend & RS	96.8	30%
Momentum	100.0	15%
Fundamental	83.3	10%
Macro	71.8	20%
Liquidity	51.7	5%

Trade Setup

Entry	117.69
Stop Loss	108.87 (7.5%)
Target 1 (1:1)	126.51 (+7.5%)
Target 2 (2:1)	135.33 (+15.0%)

ATR(14)	4.41 (3.8%)
Risk per Share	8.82
Reward:Risk	2:1

ATR-based levels. Adjust for support/resistance zones.

Factor Profile

Factor	Score	Z
Value	3.2	-1.87
Momentum	100.0	+2.00
Quality	64.5	+0.58
Composite	55.9

Quality Scores

Piotroski F-Score 6 /9 — Average

✓ ✓ ✗ ✗ ✓ ✗ ✓ ✓ ✓

1. Positive Net Income 2. Positive Roa 3. Positive Cfo 4. Quality Earnings 5. Lower Leverage 6. Higher Liquidity 7. No Dilution 8. Higher Gross Margin 9. Higher Asset Turnover

Altman Z-Score 92.57 — Safe Zone

Distress <1.81Grey 1.81–2.99>2.99 Safe

Valuation vs Peers Overvalued

Metric	Stock	Sector	vs Peers
P/E Ratio	45.6	28.0	+63% above
P/B Ratio	87.3	6.0	Above

Comparing against Technology median multiples.

Trading at a premium to sector peers — verify growth justifies premium.

Intrinsic Value (DCF) Significantly Overvalued

Intrinsic Value

66.79

Market Price

117.69

Upside

-43.2%

Margin of Safety	-76.2%
Stage 1 PV (5yr FCF)	10,209,415,071
Terminal Value PV	38,725,617,296
Total Enterprise Value	48,935,032,367

Assumptions

Base FCF	1,512,186,279
Growth Rate (5yr)	20.1%
Terminal Growth	2.5%
Discount Rate (WACC)	9.0%

2-stage DCF: 5yr projected FCF + Gordon Growth terminal value. Estimates only — adjust growth and WACC for your own assumptions.

Position Sizing — Kelly Criterion

4.5%

Recommended Size

54.39%

Full Kelly

27.19%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 85/100. Estimated win rate 66%, avg win 10.1%, avg loss 3.3%. Position was capped at the moderate risk maximum. This is analytical output, not a recommendation to trade.

BEAR Regime: BEAR (20% confidence) — position size reduced 10%

Signal Summary STRONG BUY

Bullish Signals

Bearish Signals

83.26

RSI(14)

8.3113

MACD

Relative Strength (RS) STRONG RS

/ 99

RS Rating

✓ O'Neil PASS (≥80)

RS vs SPY	↑ RISING (+26.4% vs SPY 3M)
RS vs Sector	INLINE (Technology)
RS New High	✓ RS at 3-month high Institutional accumulation signal
Sector Outperformance	+2.3% (3M)

RS Line — stock / SPY (90 bars)

← older newer →

RS vs SPY 50-day SMA of RS

STRONG RS: Top performer — outperforming the market and making new relative highs. Institutional accumulation likely.

Technical Indicators

Indicator	Value	Signal
Rsi	83.26	OVERBOUGHT
Macd	8.3113	BULLISH
Ma Cross	86.14 / 83.11	GOLDEN CROSS
Trend Short		ABOVE SMA50
Trend Long		ABOVE SMA200
Bollinger		MIDDLE
Volume	0.87x	NORMAL

Key Levels

Level	Price
52-Week High	117.84
Bollinger Upper	118.34
SMA(200)	83.11
SMA(50)	86.14
SMA(20)	92.63
Current Price	117.69
Bollinger Lower	66.91
52-Week Low	70.12
ATR(14)	4.41

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

MARKUP Confidence

100%

Sign of Strength

Acc: 0.0 | Dist: 0.0 | Markup: 3.5 | Markdown: 0.0

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-05-07	Normal	3.01x	Normal bar — no special VSA pattern
2026-05-08	Normal	1.65x	Normal bar — no special VSA pattern
2026-05-11	Normal	1.12x	Normal bar — no special VSA pattern
2026-05-12	Normal	0.82x	Normal bar — no special VSA pattern
2026-05-13	Normal	0.87x	Normal bar — no special VSA pattern

Ichimoku Cloud BULLISH

Line	Value	Status
Tenkan-sen (9)	101.41	Above Kijun
Kijun-sen (26)	96.93	Base line
Senkou A	99.17	Leading span A
Senkou B	96.93	Leading span B
Cloud	96.93 – 99.17	Bullish (Green)
Price vs Cloud	117.69	Above Cloud
Chikou Span	83.51	Bullish
Alignment Score	4/4	BULLISH