Fortinet Inc (FTNT) concluded trading on Wednesday at a closing price of $106.80, with 4.95 million shares of worth about $528.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.23% during that period and on March 05, 2025 the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 767.00M shares, out of which, 637.63M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Stock saw a price change of -2.04% in past 5 days and over the past one month there was a price change of 5.85%. Year-to-date (YTD), FTNT shares are showing a performance of 13.04% which increased to 51.62% 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 4.45 million. The stock is currently trading -1.95% below its 20-day simple moving average (SMA20), while that difference is up 5.05% for SMA50 and it goes to 32.06% higher than SMA200.
Fortinet Inc (NASDAQ: FTNT) currently have 767.00M outstanding shares and institutions hold larger chunk of about 68.48% of that.
The stock has a current market capitalization of $82.13B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 47.26, while it has posted earnings per share of $2.26 in the same period. Its PEG reads 4.94 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 3.58% while standing at 3.20% 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.
