AMOM2.000%
as of Oct 16
FTNT
GrowthFORTINET INC
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions.
Close · 3M
+20.40%
Held by 3 AI ETFs
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
Buy signals19
Win rate68% (13/19)
Avg buy return+3.31%
AMOM · Accumulation · 5d
weight 1.980% → 2.000% (+0.020 pp)·stock down 2.0% in the 30 days before
Oct 16·entry $169.13·now $179.99Drifting
+6.42%
since Oct 16
AMOM · Accumulation · 5d
weight 1.990% → 2.080% (+0.090 pp)·stock up 5.9% in the 30 days before
Oct 15·entry $181.91·now $179.99Fresh
-1.06%
since Oct 15
AMOM · Accumulation · 5d
weight 1.940% → 2.070% (+0.130 pp)·stock up 6.8% in the 30 days before
Oct 14·entry $184.05·now $179.99Fresh
-2.21%
since Oct 14
AMOM · Accumulation · 5d
weight 1.920% → 2.060% (+0.140 pp)·stock up 12.1% in the 30 days before
Oct 13·entry $190.76·now $179.99Fresh
-5.65%
since Oct 13
AMOM · Accumulation · 5d
weight 2.030% → 2.080% (+0.050 pp)·stock up 23.6% in the 30 days before
Oct 12·entry $192.94·now $179.99Fresh
-6.71%
since Oct 12
AMOM · Weight increase · 2d
weight 1.980% → 2.050% (+0.070 pp)·stock up 22.6% in the 30 days before
Oct 9·entry $194.75·now $179.99Fresh
-7.58%
since Oct 9
AMOM · Weight increase · 2d
weight 1.920% → 1.990% (+0.070 pp)·stock up 22.4% in the 30 days before
Oct 6·entry $191.27·now $179.99Fresh
-5.90%
since Oct 6
AMOM · Weight decrease · 2d
weight 2.060% → 1.920% (-0.140 pp)·stock up 17.1% in the 30 days before
Oct 2·entry $180.95·now $179.99
-0.53%
since Oct 2
AMOM · Weight increase · 2d
weight 2.000% → 2.060% (+0.060 pp)·stock up 16.3% in the 30 days before
Sep 24·entry $178.67·now $179.99Fresh
+0.74%
since Sep 24
AMOM · Weight decrease · 3d
weight 2.110% → 2.000% (-0.110 pp)·stock up 11.1% in the 30 days before
Sep 18·entry $169.84·now $179.99
+5.98%
since Sep 18
AMOM · Weight decrease · 2d
weight 2.110% → 2.060% (-0.050 pp)·stock up 9.2% in the 30 days before
Sep 17·entry $172.58·now $179.99
+4.29%
since Sep 17
AMOM · Weight increase · 2d
weight 1.850% → 2.110% (+0.260 pp)·stock up 7.7% in the 30 days before
Sep 15·entry $172.37·now $179.99Drifting
+4.42%
since Sep 15
AMOM · Weight decrease · 2d
weight 2.430% → 1.900% (-0.530 pp)·stock down 8.2% in the 30 days before
Sep 2·entry $154.54·now $179.99
+16.47%
since Sep 2
+11.21%
since Sep 1
+5.30%
since Aug 31
+8.43%
since Aug 28
AMOM · Accumulation · 5d
stock up 12.8% in the 30 days before
Aug 27·entry $172.78·now $179.99Drifting
+4.17%
since Aug 27
+14.25%
since Aug 26
AMOM · Weight increase · 3d
stock up 0.8% in the 30 days before
Aug 25·entry $153.66·now $179.99Chased
+17.14%
since Aug 25
PQUS · Weight decrease · 3d
weight 0.360% → 0.320% (-0.040 pp)·stock down 2.0% in the 30 days before
Oct 16·entry $169.13·now $179.99
+6.42%
since Oct 16
PQUS · Weight decrease · 2d
weight 0.360% → 0.340% (-0.020 pp)·stock up 5.9% in the 30 days before
Oct 15·entry $181.91·now $179.99
-1.06%
since Oct 15
PQUS · Weight increase · 2d
stock up 7.6% in the 30 days before
Aug 29·entry $170.93·now $179.99Drifting
+5.30%
since Aug 29
AIEQ · Weight decrease · 2d
weight 1.770% → 0.040% (-1.730 pp)·stock down 4.7% in the 30 days before
Sep 3·entry $156.36·now $179.99
+15.11%
since Sep 3
+11.21%
since Sep 1
AIEQ · Weight increase · 3d
stock up 7.6% in the 30 days before
Aug 28·entry $166.00·now $179.99Drifting
+8.43%
since Aug 28
AIEQ · Weight increase · 2d
stock up 12.8% in the 30 days before
Aug 27·entry $172.78·now $179.99Drifting
+4.17%
since Aug 27
AIUP · Exit · 1d
weight 0.660% → 0 (exited)·stock up 17.8% in the 30 days before
Oct 5·entry $184.13·now $179.99
-2.25%
since Oct 5
AIUP · Sudden change · 1d
weight 4.620% → 0.650% (-3.970 pp)·stock up 10.4% in the 30 days before
Oct 1·entry $178.72·now $179.99
+0.71%
since Oct 1
AIUP · New entry · 1d
weight 0 → 4.580% (new)·stock up 2.1% in the 30 days before
Sep 28·entry $176.33·now $179.99Drifting
+2.08%
since Sep 28
Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.
Buffett-style framework
Fails the frameworkas of Aug 16
The recent activity of the AI ETFs, particularly AMOM and AIEQ, shows a consistent trend of decreasing their weight in Fortinet. This recent selling behavior aligns with the framework's "Fail" verdict, suggesting that the AI strategies might also perceive the current valuation as less attractive.
- Circle of CompetenceThe company's recurring revenue model and the essential, growing demand for cybersecurity solutions allow for reasonable projections of future earning power.
- Economic MoatFortinet benefits from significant switching costs for its enterprise customers and a recognized brand in the mission-critical cybersecurity market.
- ManagementAssessment of management's candor, capital allocation discipline, and skin in the game is not possible with the provided financial and market data.
- Financial HealthWhile the reported ROE is exceptionally high, the absence of 10-year ROE trends, specific debt metrics, and data for owner earnings calculation prevents a complete financial health assessment.
- Margin of SafetyThe current valuation multiples, including a PER of 56.36 and PBR of 47.72, indicate that the market price offers no discernible margin of safety to a conservative estimate of intrinsic value.
Fortinet operates within a predictable circle of competence and possesses strong economic moats stemming from high switching costs and brand trust in cybersecurity. However, the provided data limits a full assessment of management and financial health, though current profitability is exceptionally high. Ultimately, the extremely elevated valuation multiples present a clear lack of a margin of safety, resulting in an overall "Fail" verdict for a value investor.
Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.