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Fortinet (FTNT) has 2 splits in our FTNT split history database. The first split for FTNT took place on June 02, 2011. This was a 2 for 1 split, meaning for each share of FTNT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. FTNT's second split took place on June 23, 2022. This was a 5 for 1 split, meaning for each share of FTNT owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 10000 share position following the split.
When a company such as Fortinet splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the FTNT split history from start to finish, an original position size of 1000 shares would have turned into 10000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fortinet shares, starting with a $10,000 purchase of FTNT, presented on a split-history-adjusted basis factoring in the complete FTNT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||31.77%|
|Fortinet provides cybersecurity solutions to a variety of organizations, including enterprises, communication service providers, government organizations and small to medium-sized enterprises. Co.'s cybersecurity solutions are designed to provide visibility and segmentation of the digital attack surface through its Fortinet Security Fabric platform, which features automated protection, detection and response. Co.'s main product offerings consist of its FortiGate firewall product family and its non-FortiGate products. Co.'s non-FortiGate products include the Fortinet Security Fabric cybersecurity mesh platform, email security, cloud security, endpoint protection and other products. According to our FTNT split history records, Fortinet has had 2 splits.|
|FTNT Split History Table|
|06/02/2011||2 for 1|
|06/23/2022||5 for 1|
|Technology Stock Splits|
|FTNT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: FTNT shares outstanding history
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