Fortinet, Inc. (FTNT) is trading at $78.74, which is -31.3% below its all-time high of $114.57. The Drawdown Severity Score is 6.0, placing it in the red (severe) zone. Over its tracked history, FTNT has experienced 140 significant drawdown events with an average maximum drawdown of -5.6%.
Data last updated: April 14, 2026 at 07:57 AM EDT
FTNT
StockFortinet, Inc.
Price
$78.74
as of Apr 13, 2026
All Time High: $114.57
Strong
Current Drawdown
-31.3%
Days in Drawdown
366
Avg Max Drawdown
5.6%
Avg Length
38
Drawdown Severity Score™
6.0
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.
Fortinet, Inc. (FTNT) Analysis: Current Drawdown Insights
Fortinet, Inc. is currently experiencing an unusual drawdown opportunity. As of 2026-04-13, the stock is trading at $78.74, which represents a 31.3% decline from its all-time high of $114.57. This drawdown has persisted for 366 days.
Based on comprehensive historical analysis spanning 14 years, Fortinet, Inc. typically experiences drawdowns averaging 5.6% in depth, with an average duration of 38 days. Fortinet, Inc. has gone through 140 total drawdown events in the last 14 years. The largest drawdown for Fortinet, Inc. in the last 14 years was 38.3%. The longest drawdown duration in its history was 534 days.
The Drawdown Severity Score™ for Fortinet, Inc. currently stands at 5.98. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown—the asset seldom sees declines at this level. This may represent a buying opportunity for value-focused investors with strong conviction.
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 may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 140 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2025-04-12 | Ongoing | 366 days | -31.3% | $114.57 | $78.74 | — |
| 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 |
| 2021-02-03 | 2021-02-04 | 2 days | -1.9% | $30.76 | $30.18 | $31.40 |
| 2021-01-13 | 2021-02-02 | 21 days | -5.3% | $30.58 | $28.95 | $30.76 |
| 2020-12-23 | 2021-01-12 | 21 days | -9.2% | $30.43 | $27.62 | $30.58 |
| 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 |
| 2020-05-12 | 2020-05-15 | 4 days | -2.3% | $28.09 | $27.43 | $28.69 |
| 2020-02-07 | 2020-05-07 | 90 days | -37.6% | $24.27 | $15.14 | $27.02 |
| 2020-02-05 | 2020-02-06 | 2 days | -0.2% | $24.02 | $23.96 | $24.27 |
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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What History Says About FTNT
Fortinet, Inc. has dropped 10%+ from its high 8 times in its tracked history. These events lasted an average of 175 days with an average max drop of -23.5%.
The current drawdown of -31.3% has lasted 366 days, which is 2.1x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| 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 |
| Jul 2020 to Dec 2020 | -26.2% | 166 days |
| Nov 2021 to Dec 2021 | -16.8% | 49 days |
| Mar 2021 to Apr 2021 | -10.8% | 22 days |
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
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