Fortinet Inc (FTNT) concluded trading on Thursday at a closing price of $100.93, with 4.12 million shares of worth about $415.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 75.53% during that period and on January 30, 2025 the price saw a gain of about 1.61%. Currently the company’s common shares owned by public are about 765.70M shares, out of which, 632.27M shares are available for trading.
Stock saw a price change of 3.57% in past 5 days and over the past one month there was a price change of 5.05%. Year-to-date (YTD), FTNT shares are showing a performance of 6.83% which increased to 51.89% 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 4.66 million. The stock is currently trading 4.84% above its 20-day simple moving average (SMA20), while that difference is up 5.15% for SMA50 and it goes to 33.46% higher than SMA200.
Fortinet Inc (NASDAQ: FTNT) currently have 765.70M outstanding shares and institutions hold larger chunk of about 66.49% of that.
The stock has a current market capitalization of $77.36B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 50.88, while it has posted earnings per share of $1.98 in the same period. Its PEG reads 2.67 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 3.05% while standing at 2.62% over the month.
Stock’s fiscal year EPS is expected to rise by 37.75% while it is estimated to increase by 8.14% in next year. EPS is likely to shrink at an annualized rate of 19.03% for next 5-years, compared to annual growth of 30.73% made by the stock over the past 5-years.
Coverage by Piper Sandler stated Fortinet Inc (FTNT) stock as an Overweight in their note to investors on January 06, 2025, suggesting a price target of $120 for the stock. On December 19, 2024, KeyBanc Capital Markets Upgrade their recommendations, while on November 19, 2024, BMO Capital Markets Reiterated their ratings for the stock with a price target of $100. Stock get a Buy rating from HSBC Securities on November 11, 2024.
