Fortinet Inc (FTNT) concluded trading on Wednesday at a closing price of $93.36, with 5.46 million shares of worth about $509.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.13% during that period and on December 18, 2024 the price saw a loss of about -4.36%. Currently the company’s common shares owned by public are about 765.70M shares, out of which, 632.35M shares are available for trading.
Stock saw a price change of -4.77% in past 5 days and over the past one month there was a price change of 1.61%. Year-to-date (YTD), FTNT shares are showing a performance of 59.51% which increased to 66.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.57 but also hit the highest price of $100.59 during that period. The average intraday trading volume for Fortinet Inc shares is 4.54 million. The stock is currently trading -2.87% below its 20-day simple moving average (SMA20), while that difference is up 4.70% for SMA50 and it goes to 29.78% higher than SMA200.
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Fortinet Inc (NASDAQ: FTNT) currently have 765.70M outstanding shares and institutions hold larger chunk of about 66.73% of that.
The stock has a current market capitalization of $71.56B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 47.06, while it has posted earnings per share of $1.98 in the same period. Its PEG reads 2.70 and has Quick Ratio of 1.25 while making debt-to-equity ratio of 1.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTNT, volatility over the week remained 2.85% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to rise by 37.73% while it is estimated to increase by 8.05% in next year. EPS is likely to shrink at an annualized rate of 17.42% for next 5-years, compared to annual growth of 30.73% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on November 19, 2024 offering a Market perform rating for the stock and assigned a target price range of between $88 and $100 to it. Coverage by HSBC Securities stated Fortinet Inc (FTNT) stock as a Buy in their note to investors on November 11, 2024, suggesting a price target of $111 for the stock. On October 17, 2024, Mizuho Downgrade their recommendations, while on August 08, 2024, DZ Bank Upgrade their ratings for the stock with a price target of $65. Stock get a Hold rating from HSBC Securities on August 07, 2024.
