Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

FTNT Relative to the S&P 500

FTNT Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Fortinet Inc. (NASD:FTNT) seasonal charts above shows that a Buy Date of November 2 and a Sell Date of March 31 has resulted in a geometric average return of 13.59% above the benchmark rate of the S&P 500 Total Return Index over the past 13 years. This seasonal timeframe has shown positive results compared to the benchmark in 11 of those periods. This is a very good rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 13 years by an average of 1.63% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

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 500,000 customers across the world.

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Stocks mentioned in this post: FTNT