FTNT
StockFortinet, Inc.
One email when a drop — in price or in valuation — is historically rare for FTNT. Otherwise we stay quiet.
Nothing to see here.
Fortinet, Inc. is 3.9% off its high — within its normal range (its pullbacks average 5.7%). Whatever the news says today, this isn't historically significant.
Typical
Current Drawdown
-3.9%
Days in Drawdown
1
Avg Max Drawdown
5.7%
Avg Length
39
Drawdown Severity Score™
0.7
FTNT - Price & High Water Mark
FTNT - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
Valuation vs Its Own History
Data as of August 26, 2026 · updated daily
Where today's valuation sits within FTNT's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.
Price to Sales
Fortinet, Inc. has been cheaper on this measure only about 94% of the time in 17 years of daily history.
Price to Sales history
EV to EBITDA
Fortinet, Inc. has been cheaper on this measure only about 40% of the time in 17 years of daily history.
EV to EBITDA history · log scale
Fortinet, Inc. (FTNT) Analysis: Current Drawdown Insights
Fortinet, Inc. is trading slightly below its recent peak. As of 2026-08-28, the stock price is $166.00, just 3.9% below its all-time high of $172.78.
Based on its full tracked price history, Fortinet, Inc. typically experiences drawdowns averaging 5.7% in depth, with an average duration of 39 days. Fortinet, Inc. has gone through 148 total drawdown events in its tracked history. The largest drawdown on record for Fortinet, Inc. was 51.2%, beginning in 2015. The longest drawdown duration on record was 983 days.
The Drawdown Severity Score™ for Fortinet, Inc. currently stands at 0.75. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range: a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Fortinet, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 148 tracked pullbacks (64 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-08-27 | Ongoing | 1 day | -3.9% | $172.78 | $166.00 | n/a |
| 2026-07-02 | 2026-07-06 | 5 days | -1.7% | $158.98 | $156.25 | $162.35 |
| 2026-06-30 | 2026-07-01 | 2 days | -1.2% | $155.42 | $153.62 | $158.98 |
| 2026-06-05 | 2026-06-25 | 21 days | -7.5% | $149.67 | $138.39 | $149.93 |
| 2026-06-03 | 2026-06-04 | 2 days | -1.6% | $148.86 | $146.48 | $149.67 |
| 2026-05-27 | 2026-05-29 | 3 days | -4.5% | $133.96 | $127.93 | $137.97 |
| 2026-05-21 | 2026-05-22 | 2 days | -0.4% | $130.00 | $129.46 | $133.93 |
| 2026-05-12 | 2026-05-13 | 2 days | -1.4% | $115.44 | $113.87 | $117.69 |
| 2025-02-20 | 2026-05-11 | 445 days | -35.1% | $114.57 | $74.39 | $115.44 |
| 2025-02-11 | 2025-02-13 | 3 days | -1.7% | $109.55 | $107.70 | $109.98 |
| 2025-02-06 | 2025-02-07 | 2 days | -0.3% | $105.07 | $104.72 | $107.66 |
| 2025-01-31 | 2025-02-04 | 5 days | -0.0% | $100.93 | $100.88 | $102.78 |
| 2025-01-29 | 2025-01-30 | 2 days | -0.5% | $99.83 | $99.33 | $100.93 |
| 2024-12-09 | 2025-01-28 | 51 days | -6.8% | $99.21 | $92.49 | $99.83 |
| 2024-11-13 | 2024-12-06 | 24 days | -8.4% | $99.15 | $90.79 | $99.21 |
| 2024-10-14 | 2024-11-07 | 25 days | -6.0% | $82.87 | $77.92 | $83.68 |
| 2023-07-18 | 2024-10-09 | 450 days | -38.3% | $80.28 | $49.52 | $80.33 |
| 2023-07-12 | 2023-07-14 | 3 days | -2.0% | $78.32 | $76.72 | $78.92 |
| 2023-07-03 | 2023-07-10 | 8 days | -1.7% | $75.59 | $74.31 | $77.86 |
| 2023-06-16 | 2023-06-27 | 12 days | -3.4% | $73.59 | $71.06 | $73.66 |
| 2021-12-28 | 2023-06-15 | 534 days | -37.5% | $73.53 | $45.93 | $73.59 |
| 2021-11-09 | 2021-12-27 | 49 days | -16.8% | $70.24 | $58.41 | $73.53 |
| 2021-11-01 | 2021-11-04 | 4 days | -3.6% | $67.27 | $64.82 | $67.68 |
| 2021-10-25 | 2021-10-29 | 5 days | -4.4% | $67.06 | $64.12 | $67.27 |
| 2021-09-07 | 2021-10-18 | 42 days | -10.1% | $64.04 | $57.58 | $65.35 |
| 2021-08-31 | 2021-09-03 | 4 days | -3.4% | $63.88 | $61.69 | $64.04 |
| 2021-08-16 | 2021-08-26 | 11 days | -5.4% | $61.87 | $58.54 | $62.03 |
| 2021-08-05 | 2021-08-12 | 8 days | -1.8% | $60.80 | $59.73 | $61.13 |
| 2021-07-26 | 2021-08-02 | 8 days | -1.7% | $55.14 | $54.23 | $56.92 |
| 2021-07-19 | 2021-07-20 | 2 days | -0.7% | $51.69 | $51.33 | $52.77 |
| 2021-07-14 | 2021-07-16 | 3 days | -0.5% | $51.41 | $51.17 | $51.69 |
| 2021-07-12 | 2021-07-13 | 2 days | -0.4% | $51.36 | $51.16 | $51.41 |
| 2021-07-08 | 2021-07-09 | 2 days | -0.2% | $50.67 | $50.59 | $51.36 |
| 2021-06-29 | 2021-07-02 | 4 days | -3.6% | $49.41 | $47.64 | $49.61 |
| 2021-06-23 | 2021-06-25 | 3 days | -0.8% | $48.38 | $48.00 | $48.41 |
| 2021-06-18 | 2021-06-21 | 4 days | -1.4% | $47.40 | $46.73 | $47.58 |
| 2021-06-15 | 2021-06-17 | 3 days | -0.6% | $46.29 | $46.01 | $47.40 |
| 2021-06-11 | 2021-06-14 | 4 days | -0.0% | $45.79 | $45.79 | $46.29 |
| 2021-06-09 | 2021-06-10 | 2 days | -0.8% | $45.47 | $45.10 | $45.79 |
| 2021-06-01 | 2021-06-04 | 4 days | -1.6% | $43.71 | $43.00 | $44.35 |
| 2021-05-21 | 2021-05-24 | 4 days | -0.7% | $42.46 | $42.17 | $42.61 |
| 2021-05-10 | 2021-05-20 | 11 days | -7.0% | $42.35 | $39.41 | $42.46 |
| 2021-05-06 | 2021-05-07 | 2 days | -1.4% | $41.88 | $41.30 | $42.35 |
| 2021-04-20 | 2021-05-04 | 15 days | -5.2% | $41.23 | $39.09 | $41.36 |
| 2021-04-14 | 2021-04-15 | 2 days | -0.4% | $40.01 | $39.86 | $41.11 |
| 2021-04-12 | 2021-04-13 | 2 days | -0.3% | $39.52 | $39.42 | $40.01 |
| 2021-04-07 | 2021-04-08 | 2 days | -1.0% | $38.94 | $38.57 | $39.32 |
| 2021-03-16 | 2021-04-06 | 22 days | -10.8% | $38.41 | $34.25 | $38.94 |
| 2021-03-03 | 2021-03-09 | 7 days | -5.4% | $34.67 | $32.79 | $35.15 |
| 2021-02-22 | 2021-03-01 | 8 days | -2.3% | $34.39 | $33.60 | $34.65 |
| 2021-02-05 | 2021-02-08 | 4 days | -1.0% | $31.40 | $31.10 | $31.89 |
| 2020-07-10 | 2020-12-22 | 166 days | -26.2% | $29.92 | $22.07 | $30.43 |
| 2020-05-21 | 2020-07-08 | 49 days | -10.5% | $29.12 | $26.07 | $29.27 |
| 2020-02-07 | 2020-05-07 | 90 days | -37.6% | $24.27 | $15.14 | $27.02 |
| 2019-04-16 | 2019-11-08 | 207 days | -26.9% | $19.04 | $13.93 | $19.25 |
| 2018-10-02 | 2019-04-12 | 193 days | -29.0% | $18.46 | $13.10 | $18.54 |
| 2015-08-06 | 2018-02-15 | 925 days | -51.2% | $9.77 | $4.77 | $9.86 |
| 2015-01-28 | 2015-02-11 | 15 days | -10.0% | $6.49 | $5.84 | $6.56 |
| 2012-04-09 | 2014-12-17 | 983 days | -41.9% | $5.69 | $3.31 | $5.70 |
| 2011-07-07 | 2012-04-02 | 271 days | -42.3% | $5.63 | $3.25 | $5.68 |
| 2011-06-02 | 2011-06-23 | 22 days | -10.2% | $4.97 | $4.46 | $5.02 |
| 2011-05-02 | 2011-06-01 | 31 days | -9.3% | $4.87 | $4.42 | $4.97 |
| 2011-04-06 | 2011-04-28 | 23 days | -14.9% | $4.45 | $3.79 | $4.78 |
| 2011-01-18 | 2011-01-26 | 9 days | -9.2% | $3.74 | $3.39 | $3.96 |
| 2010-01-11 | 2010-08-31 | 232 days | -25.4% | $2.01 | $1.50 | $2.04 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
Fortinet, Inc. (FTNT) is trading at $166.00 as of Aug 28, 2026. It is 3.9% below its high of $172.78. The drawdown has lasted 1 days. Severity score: 0.7 (Typical).
FTNT Price History and Drawdown Data
Latest price
$166.00
High-water mark
$172.78
Current drawdown
-3.9%
Days in drawdown
1
This FTNT page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Fortinet, Inc. drawdowns.
What History Says About FTNT
Fortinet, Inc. has dropped 30%+ from its high 7 times in its tracked history. These events lasted an average of 528 days with an average max drop of -40.6%.
The current drawdown of -3.9% has lasted 1 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Aug 2015 to Feb 2018 | -51.2% | 925 days |
| Jul 2011 to Apr 2012 | -42.3% | 271 days |
| Apr 2012 to Dec 2014 | -41.9% | 983 days |
| Jul 2023 to Oct 2024 | -38.3% | 450 days |
| Feb 2020 to May 2020 | -37.6% | 90 days |
| Dec 2021 to Jun 2023 | -37.5% | 534 days |
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