Fortinet Inc.'s stock price is currently at $80.06, after a 0.28% drop. However, over the past month, the stock increased by 11.72%, and in the past year, by 34.24%. The company's P/E ratio is lower than the aggregate P/E of the Software industry, indicating that the stock might be undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.