Currently, there are 765.70M common shares owned by the public and among those 632.31M shares have been available to trade.
The company’s stock has a 5-day price change of -5.56% and 11.61% over the past three months. FTNT shares are trading -2.11% year to date (YTD), with the 12-month market performance up to 48.58% higher. It has a 12-month low price of $54.57 and touched a high of $101.00 over the same period. FTNT has an average intraday trading volume of 4.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.62%, -1.42%, and 24.88% respectively.
Institutional ownership of Fortinet Inc (NASDAQ: FTNT) shares accounts for 66.72% of the company’s 765.70M shares outstanding.
It has a market capitalization of $70.89B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 46.62, while the earnings-per-share (ttm) stands at $1.98. The company has a PEG of 2.61 and a Quick Ratio of 1.25 with the debt-to-equity ratio at 1.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.65% over the month.
Analysts forecast that Fortinet Inc (FTNT) will achieve an EPS of 0.61 for the current quarter, 0.53 for the next quarter and 2.42 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.58 while analysts give the company a high EPS estimate of 0.58. Comparatively, EPS for the current quarter was 0.51 a year ago. Earnings per share for the fiscal year are expected to increase by 37.75%, and 8.13% over the next financial year. EPS should shrink at an annualized rate of 17.89% over the next five years, compared to 30.73% over the past 5-year period.
Piper Sandler coverage for the Fortinet Inc (FTNT) stock in a research note released on January 06, 2025 offered a Overweight rating with a price target of $120. KeyBanc Capital Markets was of a view on December 19, 2024 that the stock is Overweight, while BMO Capital Markets gave the stock Market Perform rating on November 19, 2024, issuing a price target of $88- $100. HSBC Securities on their part issued Buy rating on November 11, 2024.
