Fortinet Inc (FTNT) concluded trading on Thursday at a closing price of $107.09, with 4.29 million shares of worth about $459.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.44% during that period and on February 27, 2025 the price saw a loss of about -1.77%. Currently the company’s common shares owned by public are about 767.00M shares, out of which, 637.63M shares are available for trading.
Stock saw a price change of -6.23% in past 5 days and over the past one month there was a price change of 7.27%. Year-to-date (YTD), FTNT shares are showing a performance of 13.35% which increased to 56.56% 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 $114.82 during that period. The average intraday trading volume for Fortinet Inc shares is 4.36 million. The stock is currently trading -0.66% below its 20-day simple moving average (SMA20), while that difference is up 6.19% for SMA50 and it goes to 33.98% higher than SMA200.
Fortinet Inc (NASDAQ: FTNT) currently have 767.00M outstanding shares and institutions hold larger chunk of about 68.39% of that.
The stock has a current market capitalization of $82.35B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 47.38, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 4.95 and has Quick Ratio of 1.39 while making debt-to-equity ratio of 0.72. 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 3.13% while standing at 3.01% over the month.
Stock’s fiscal year EPS is expected to rise by 3.72% while it is estimated to increase by 12.19% in next year. EPS is likely to shrink at an annualized rate of 9.57% for next 5-years, compared to annual growth of 42.92% made by the stock over the past 5-years.
Coverage by Robert W. Baird stated Fortinet Inc (FTNT) stock as a Neutral in their note to investors on February 03, 2025, suggesting a price target of $112 for the stock. On January 14, 2025, Raymond James Downgrade their recommendations, while on January 06, 2025, Piper Sandler Upgrade their ratings for the stock with a price target of $120. Stock get an Overweight rating from KeyBanc Capital Markets on December 19, 2024.
