Fortinet's Q3 Earnings Disappoint, Stock Plummets

Fortinet (NASDAQ:FTNT) has caught attention with its impressive 29% return on capital employed (ROCE), surpassing the industry average of 8.5%. Over the past five years, Fortinet has shown a substantial increase in returns on capital and an expansion of its capital base. However, the company's high current liabilities to total assets ratio of 47% poses some risks. Despite this, investors are optimistic about Fortinet's future prospects, as evidenced by a total return of 268% over the past five years. While further due diligence is recommended, Fortinet's promising fundamentals make it worth considering for investment.