AMOM1.900%
as of Sep 2
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
+85.39%
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 signals16
Win rate31% (5/16)
Avg buy return-2.87%
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 $156.36
+1.18%
since Sep 2
AMOM · Accumulation · 5d
weight 2.170% → 2.330% (+0.160 pp)·stock down 0.8% in the 30 days before
Sep 1·entry $161.85·now $156.36Fresh
-3.39%
since Sep 1
AMOM · Accumulation · 6d
weight 2.140% → 2.430% (+0.290 pp)·stock up 5.5% in the 30 days before
Aug 31·entry $170.93·now $156.36Fresh
-8.52%
since Aug 31
AMOM · Accumulation · 5d
weight 2.140% → 2.370% (+0.230 pp)·stock up 7.6% in the 30 days before
Aug 28·entry $166.00·now $156.36Fresh
-5.81%
since Aug 28
AMOM · Accumulation · 5d
weight 2.200% → 2.410% (+0.210 pp)·stock up 12.8% in the 30 days before
Aug 27·entry $172.78·now $156.36Fresh
-9.50%
since Aug 27
AMOM · Accumulation · 5d
weight 2.100% → 2.230% (+0.130 pp)·stock up 5.0% in the 30 days before
Aug 26·entry $157.54·now $156.36Fresh
-0.75%
since Aug 26
AMOM · Weight increase · 3d
weight 2.140% → 2.200% (+0.060 pp)·stock up 0.8% in the 30 days before
Aug 25·entry $153.66·now $156.36Fresh
+1.76%
since Aug 25
AMOM · Weight increase · 2d
weight 2.140% → 2.190% (+0.050 pp)·stock down 0.2% in the 30 days before
Aug 24·entry $151.99·now $156.36Drifting
+2.88%
since Aug 24
AMOM · Weight decrease · 2d
weight 2.260% → 2.100% (-0.160 pp)·stock down 3.6% in the 30 days before
Aug 17·entry $155.85·now $156.36
+0.33%
since Aug 17
AMOM · Weight decrease · 2d
weight 2.330% → 2.210% (-0.120 pp)·stock down 3.6% in the 30 days before
Aug 12·entry $160.84·now $156.36
-2.79%
since Aug 12
-2.05%
since Aug 7
-2.34%
since Aug 6
AMOM · Weight increase · 3d
stock down 1.4% in the 30 days before
Jul 29·entry $153.22·now $156.36Drifting
+2.05%
since Jul 29
AMOM · Weight increase · 2d
stock down 0.9% in the 30 days before
Jul 28·entry $149.98·now $156.36Drifting
+4.25%
since Jul 28
+3.18%
since Jul 23
+0.84%
since Jul 22
-1.10%
since Jul 21
-2.49%
since Jul 20
-3.25%
since Jul 17
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 $156.36
0.00%
since Sep 3
AIEQ · Sudden change · 1d
weight 1.770% → 0.050% (-1.720 pp)·stock down 0.8% in the 30 days before
Sep 1·entry $161.85·now $156.36
-3.39%
since Sep 1
AIEQ · Weight increase · 3d
weight 1.620% → 1.840% (+0.220 pp)·stock up 7.6% in the 30 days before
Aug 28·entry $166.00·now $156.36Fresh
-5.81%
since Aug 28
AIEQ · Weight increase · 2d
weight 1.620% → 1.680% (+0.060 pp)·stock up 12.8% in the 30 days before
Aug 27·entry $172.78·now $156.36Fresh
-9.50%
since Aug 27
AIEQ · Weight decrease · 2d
weight 1.690% → 1.620% (-0.070 pp)·stock up 1.3% in the 30 days before
Aug 21·entry $153.51·now $156.36
+1.86%
since Aug 21
AIEQ · Weight decrease · 3d
weight 1.740% → 1.670% (-0.070 pp)·stock down 0.5% in the 30 days before
Aug 15·entry $155.85·now $156.36
+0.33%
since Aug 15
AIEQ · Weight decrease · 2d
weight 1.740% → 1.700% (-0.040 pp)·stock up 0.6% in the 30 days before
Aug 13·entry $165.44·now $156.36
-5.49%
since Aug 13
-4.20%
since Aug 2
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.