Here's How Much $1000 Invested In Fortinet 10 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 10 years, Fortinet (NASDAQ:FTNT) has significantly outperformed the market with an annualized return of 21.1%, averaging 31.86% annually. An investment of $1000 in FTNT a decade ago would now be worth $15,534.17, showcasing the impact of compounded returns on investment growth. Fortinet's current market capitalization stands at $55.97 billion.
March 08, 2024 | 8:00 pm
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POSITIVE IMPACT
Fortinet's stock has demonstrated remarkable growth over the past decade, with a $1000 investment growing to $15,534.17, reflecting an average annual return of 31.86%.
The significant growth in Fortinet's stock value over the past decade, as highlighted by the increase in investment value from $1000 to $15,534.17, underscores the company's strong market performance and potential for continued growth. This historical performance, coupled with a substantial market capitalization of $55.97 billion, suggests a positive outlook for Fortinet's stock in the short term.
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