Fortinet Inc (FTNT) concluded trading on Wednesday at a closing price of $107.70, with 4.41 million shares of worth about $475.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.07% during that period and on February 12, 2025 the price saw a loss of about -0.58%. Currently the company’s common shares owned by public are about 766.45M shares, out of which, 631.40M shares are available for trading.
Stock saw a price change of 2.50% in past 5 days and over the past one month there was a price change of 14.78%. Year-to-date (YTD), FTNT shares are showing a performance of 13.99% which increased to 52.90% 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 $110.99 during that period. The average intraday trading volume for Fortinet Inc shares is 4.58 million. The stock is currently trading 6.87% above its 20-day simple moving average (SMA20), while that difference is up 9.74% for SMA50 and it goes to 39.03% higher than SMA200.
Fortinet Inc (NASDAQ: FTNT) currently have 766.45M outstanding shares and institutions hold larger chunk of about 67.45% of that.
The stock has a current market capitalization of $82.55B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 47.63, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 4.88 and has Quick Ratio of 1.39 while making debt-to-equity ratio of 0.67. 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 3.76% while standing at 2.85% over the month.
Stock’s fiscal year EPS is expected to rise by 3.45% while it is estimated to increase by 12.62% in next year. EPS is likely to shrink at an annualized rate of 9.77% for next 5-years, compared to annual growth of 42.91% 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 Robert W. Baird on February 03, 2025 offering a Neutral rating for the stock and assigned a target price range of between $105 and $112 to it. On January 06, 2025, Piper Sandler Upgrade their recommendations, while on December 19, 2024, KeyBanc Capital Markets Upgrade their ratings for the stock with a price target of $115. Stock get a Market perform rating from BMO Capital Markets on November 19, 2024.
