Fortinet Inc (FTNT) concluded trading on Wednesday at a closing price of $96.04, with 4.69 million shares of worth about $450.04 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.17% during that period and on January 08, 2025 the price saw a gain of about 0.11%. Currently the company’s common shares owned by public are about 765.70M shares, out of which, 632.31M shares are available for trading.
Stock saw a price change of 1.65% in past 5 days and over the past one month there was a price change of -3.20%. Year-to-date (YTD), FTNT shares are showing a performance of 1.65% which increased to 56.77% 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 $101.00 during that period. The average intraday trading volume for Fortinet Inc shares is 4.51 million. The stock is currently trading -0.59% below its 20-day simple moving average (SMA20), while that difference is up 3.29% for SMA50 and it goes to 30.36% higher than SMA200.
Fortinet Inc (NASDAQ: FTNT) currently have 765.70M outstanding shares and institutions hold larger chunk of about 66.69% of that.
The stock has a current market capitalization of $73.61B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 48.41, while it has posted earnings per share of $1.98 in the same period. Its PEG reads 2.78 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 3.46% while standing at 2.75% over the month.
Stock’s fiscal year EPS is expected to rise by 37.74% while it is estimated to increase by 8.14% 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 Piper Sandler on January 06, 2025 offering an Overweight rating for the stock and assigned a target price range of between $100 and $120 to it. Coverage by KeyBanc Capital Markets stated Fortinet Inc (FTNT) stock as an Overweight in their note to investors on December 19, 2024, suggesting a price target of $115 for the stock. On November 19, 2024, BMO Capital Markets Reiterated their recommendations, while on November 11, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $111. Stock get an Underperform rating from Mizuho on October 17, 2024.
