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Fortinet Inc. (NASD:FTNT) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Fortinet Inc. (NASD:FTNT) seasonal charts above shows that a Buy Date of October 21 and a Sell Date of February 27 has resulted in a geometric average return of 12.95% above the benchmark rate of the S&P 500 Total Return Index over the past 11 years. This seasonal timeframe has shown positive results compared to the benchmark in 9 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 11 years by an average of 0.53% per year.

The seasonal timeframe correlates Strongly 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 cybersecurity vendor that sells products, support, and services to small and midsize businesses, enterprises, and government entities. Its products include unified threat management appliances, firewalls, network security, and its security platform, Security Fabric. Services revenue is primarily from FortiGuard security subscriptions and FortiCare technical support. At the end of 2019, products were 37% of revenue and services were 63% of sales. The California-based company sells products worldwide, with the Americas representing 43% of sales in 2019.

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